Credit Card Solicitation of the College Student

acknowledgment Card Solicitation of the College Student By Veronica L Fournier University Composition and Communication II September 4, 2011 Andrea Bryan Young and naive college students allow for often be lured into trust card debt by assurance card companies working hand-in-hand with the college a student has chosen to attend. identification card companies lure or even trick college students into pickaxe out credit card applications by offering loosen gifts like T-shirts, Frisbees, candy, pizza, and even iPods (Chu, 2008). Who doesnt want a discipline gift? Most college students are young and naive to the responsibilities of possessing a credit card, and eventually, the consequences of becoming deeper into debt and not able to keep up with the monthly payments. ascribe card companies are bombarding students with solicitation on campus, through the office, and on the phone (Dickler, 2008). A 2008 survey by the U.S. Public Interest Research Group found that 80% of students said he or she received direct mail from credit card companies. In addition, 22% said he or she received about four phone calls, on average, a month from credit card companies (Dickler, 2008).

The banks or credit card companies volition target college students for credit cards because students imbibe very few, if any, financial ties, and they hope a student will remember to come back to their bank when he or she needs a mortgage or car loan. Credit card companies are striking exclusive partnerships with colleges and universities, earning the college or university up to millions in annual fees, and the colleges and univeristies are defending these partnerships saying this is a way to offset severe cuts in state financing (Chu, 2008). Additionally, a number of colleges and universities are striking similar partnerships with banks that issue ID cards that double as debit cards (Chu, 2008.) Credit card companies made over $83 million in payments to colleges, universities, and their alumni associations and... If you want to get a full essay, order it on our website: Ordercustompaper.com

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