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April 07, 2008
Money for nothing

The whole adjustment from back page columnist to front page columnist has been an interesting one.

On one hand I feel more pressure to write about topics of interest to a wider audience - after all it's my face on the front page. At the same time a part of me says, "why change what you were already doing?"

But there are some things, like the always fun mix of college students and credit cards, that you can't really ignore.

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To anyone age 35 or under (give or take) it's not really surprising that credit card companies prey on college students and young people.

In fact most people I spoke to for today's column said that the "Campus Credit Card Trap" report from U.S. PIRG basically puts into writing what a lot of people already know.

Certain times of the year it's a given that college campuses will be flooded with credit card companies or card offers for students. If they're not coming at you on campus then it's through the mail.

The worst thing about the credit card companies stalking students is that given enough time they know they can wear students down. Over time money may get tighter and tighter and the temptation for credit becomes greater.

What stuck out most to me was the awful fact that with the economy seemingly coming apart piece by piece, particularly credit and loan sectors, that no one is paying more attention to how credit card companies target students.

Aside from the fact that it's a segment of the population largely (though not entirely) unfamiliar with finances, at what point does it become a problem that the foundation of tomorrow's economy is already shaky?

Sound off: Credit harassment stories? Cautionary tales? Card moments you wish you could take back? College credit mistakes come back to haunt you?

Posted by at 11:37 AM

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Comments

Seriously, J-man. Check out the documentary Maxxed Out (available at Videoport, natch) to get a real sense of the predatory tactics of the credit card companies. It contains plenty of stuff to get you red with rage and the single most heartwrenching story from a mom ever. Way to go, credit card companies! Destroying lives is fun, and profitable!

Posted by Videoport Jones
April 7, 2008 02:54 PM

I have seen Maxxed Out and I think it should be mandatory watching for all college students!

Posted by JCO
April 7, 2008 10:34 PM

I agree with both comments. Civics education, media literacy and information about credit should all be required teaching at the high school level.

Posted by Alex Steed
April 10, 2008 03:09 PM

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Justin is a former newspaper intern and has the scar tissue to prove it. Justin has been a staff writer for the Portland Press Herald/Maine Sunday Telegram since 2003, and in 2004 began writing a weekly column in the Monday Magazine.

If he had to pick a label, the column would fall under "youth culture," covering everything from high school dance etiquette, dealing with college debt, the resurgence of Roller Derby and Portland's one-of-a-kind music scene. This of course has not stopped him from answering letters to Santa Claus or writing about his experience riding shotgun in a drift car.

Justin is an export from the Midwest. He is a graduate of the University of Missouri and is originally from Minnesota. He enjoys bacon, cheap beer, redheads, Burt Reynolds jokes and wondering what the soundtrack to his life would sound like.

When he grows up he wants to be an international art thief. Or Captain America.

Until then he'll be bringing you dispatches about "the young people" and what they do.





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