- 78% of college students have a credit card
- 48% of graduating students have an average credit card debt of $3,176
- 8.7% of all bankruptcies are people under the age of 25
- A credit card purchase of $500 would take 6 years and 7 months to pay off if only the minimum monthly payments were made and the interest paid would total over $300.
Credit cards are useful tools when used wisely and credit history can affect employment opportunities.