wrote an interesting post today on
Here’s a quick excerpt
School is about to start again and college students will face a wall of credit card offers when they arrive on campus. At first it doesn’t make sense. Why would credit card companies want to give accounts to a group of people who are usually unemployed, low on funds, and have little hope of making their monthly payments? It’s the debt trap. Credit card companies don’t make money from people who pay their balance each month. Credit card companies make billions from late payment fees and outrage

Read the rest of this great post here