A fun place to discuss credit cards for bad credit
Lawmakers announced a bill that would make it mandatory for banks to offer financial seminars and programs before any student credit cards could be distributed to new applicants. Those financial courses would give new applicants background on what various rates and fees actually mean, what happens when balances are not paid, how debt is accrued and how debt and delinquencies affect credit history. The law will target incentives and give aways, as well. New Jersey legislators, like those of the states that preceded them, are hoping to prevent bad credit habits in the students on their campuses. They want the students at its universities to understand the responsibility they take on when they open a credit card account.