CALL FOR A FREE
INITIAL CONSULTATION
813.254.5696

BRIDGING YOU TO A BRIGHTER FUTURE

Talking about credit card debt with college age children

Many Florida college students already have at least one credit card. They may charge seemingly small items like meals out with friends, groceries or other items that may not cost much on their own, but add up quickly. When a college student is home for the holidays, taking the opportunity to talk about credit card debt could end up savings them problems in the future.

Most people make at least one mistake with credit cards. Charging too much or missing a payment is common and fixable. However, if a college age child does not get a handle on these mistakes early, it could set a pattern that could shape the rest of his or her financial life. It may be a difficult subject to discuss, but it is a necessary one.

Reviewing a student's credit card bills and credit report can give a student the chance to see that any mistakes made now have unintended ramifications such as a history of late payments and higher interest rates. Credit card companies are required to inform customers on their statements how long it will take them to pay off a balance only making the minimum payments. That information could be enough to make a college student realize he or she could be headed for financial trouble.

Sometimes, the discussion comes too late. Credit card debt can sneak up on anyone. Other debts such as medical bills from an accident could also put a young person deeper into debt. Florida college students need to know there are options such as bankruptcy if they get in over their heads. Most if not all of a college age student's debts can be discharged giving a student a financial fresh start with which to responsibly rebuild his or her financial life with a clear understanding of how to avoid the same mistakes in the future.

Source: jacksonville.com, It's Your Money: Talk to your college student about debt, No author, Dec. 17, 2013

 

Patients using CareCredit for medical bills may ge...
Medical bills can lead to debt even with the Affor...

Related Posts

Contact Us

First Name

Invalid Input
Zip Code

Invalid Input
Last Name

Invalid Input
Phone

Invalid Input
Email

Invalid Input
Case Details

Invalid Input
Security Code *

Invalid Input



For The Next 5 Days Get A Free Book About Bankruptcy



Contact Us For
More Information

Tampa Bankruptcy Attorneys - Law Firm Profile


Tampa Bankruptcy Attorneys - Law Firm Profile
Tampa Bankruptcy Attorneys - Law Firm Profile

Chapter 7 Bankruptcy in Tampa - Robert Geller Bankruptcy Lawyer
Chapter 7 Bankruptcy in Tampa - Robert Geller Bankruptcy Lawyer

Chapter 13 Bankruptcy Lawyer in Tampa, FL, Robert M. Geller Attorney
Chapter 13 Bankruptcy Lawyer in Tampa, FL, Robert M. Geller Attorney

Creditor Harassment - Robert Geller Tampa Bankruptcy Attorney
Creditor Harassment - Robert Geller Tampa Bankruptcy Attorney
 
  
 
comodo

We are A Debt Relief Agency.
We help people file for
bankruptcy under the Bankruptcy Code

Pay Online    

Office Locations

Law Offices of Robert M. Geller, P.A.
807 West Azeele Street
Tampa, FL 33606
T: (813) 254-5696
T: (800) 853-7549
F: (813) 253-3405
Maps & Directions


Tampa Law Office Map

Satellite Office

Law Offices of Robert M. Geller, P.A.
125 5th Street South
(Wells Fargo Financial Center)
2nd Floor, Suite G

St. Petersburg, FL 33701
T: 727-532-3939
Maps & Directions


Map and Directions

At the Tampa Bay law firm, the Law Offices of Robert M. Geller, P.A., we help people with consumer bankruptcy matters in the Tampa Bay-St. Petersburg,  Florida communities such as Clearwater, St. Petersburg, Thonotosassa, Riverview, Lutz, Plant City, Brandon, Carrollwood, Wesley Chapel, St. Petersburg Beach, Lakeland, Mulberry, Dade City, Pinellas Park, Largo, Seminole, Odessa, Oldsmar and Lithia, and counties such as Hillsborough County, Pinellas County, Pasco County, Polk County and Manatee County.