According to recent reports in the credit card news, even as older people cut down on credit card spend and try to reduce debt, younger adults rely on their credit cards to fund hectic lifestyles.
Students, experts indicate, could already be well inured to debt when they leave university, having taken out a student loan and interest free overdraft . Many customers are choosing credit cards to continue to fund their lifestyles, ensuring a healthy future for credit card companies .
Unfortunately, for consumers, being tied to a single bank by a variety of debts can mean cheaper credit options are unavailable, and getting a mortgage loan is almost impossible in the current market.
Credit cards for young people
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Credit cards for young people
Wed, 28 May 2008
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Credit card spending high despite crunch
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