College students are a target for credit card companies. By the time graduation rolls around, 56% of students have four credit cards with an average balance of $2,169 per card. The credit card companies are deceitful and smart. The way that they trap you is by getting you to fill out the credit card paperwork in exchange for a sandwich, drink, pizza, or T-shirt. Yes. There are strings attached. The sad part of all this is that students do not think before they fill out the credit card app. Credit card balances on top of student loans carry so much weight that some students will commit suicide to escape the snowball of debt that they have created.
Do not sign anything for yourself, a friend, relative, or stranger that creates debt for you.
Owe no one anything, except to love one another. Romans 13:8
The rich rules over the poor, and the borrower is the slave of the lender. Proverbs 22:7