From Valley Inside News
Photo from Student Finanical
Riverside, CA– While parent’s mail boxes are filling with credit card bills from summer vacations and back-to-school shopping, their college-aged child is likely receiving offers for credit cards of their own.
“Building a positive credit history while in college can certainly help the young professional move on with his or her post-graduation life,” said Melinda Opperman, Springboard senior vice president. “On the flip side, abusing credit can work against a person when trying to land a job, lease an apartment or buy a vehicle.”
The National Foundation for Credit Counseling (NFCC) 2013 Financial Literacy Survey found that 33 percent of respondents indicated they learned the most about personal finance at home. Although at first glance this can appear as positive, problems often arise if the parents have poor financial habits which the children observe and subsequently carry into their own financial lives.
Read the full story from Inside Valley News.
