Credit Management Tip
Students
can avoid debt problems by using pre-paid
cards to manage
student funds:
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Student or parent gets a prepaid card for student's use in college (approval guaranteed). Student or parent adds spending money to the card. |
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Student uses card
to buy food, supplies, pizza, etc., at any merchant that accepts MC/VISA cards. |
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Student or parent can monitor pre-paid
account electronically
for budgeting purposes. Pre-paid cards can help maintain a spending budget. |
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Student or parent can reload the card with additional monthly spending funds as needed. |
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Using pre-paid cards protect the student from accumulating credit card debt. |
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Students can use
pre-paid cards to build a credit history for future credit approval on auto loans, employment,
home mortgages, etc. |
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