Creditors Scramble for College Students

As college students across the country headed back to campus last month for the new school year, so did the credit card companies. And they're pounding the pavement. The companies are scrambling to sign up young people for credit cards in a last-minute effort to beat the new credit card law that takes effect in February. Under the new rules, the Credit CARD Act of 2009 will restrict anyone younger than 21 from getting his or her own credit card, unless a parent, guardian or spouse is willing to...Full Story
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