Credit Repair Attorney

Anyone who has spent any amount of time on a college campus has seen the sign-up tables here and there enticing students to apply for a credit card, and the specific enticement is often a free gift.  However, a bill was introduced recently in California that would prevent credit card companies from ‘recruiting’ on campuses, according to a report filed recently by KCRA.

“Nellie Mae, one of the nation’s largest student loan companies, says the average balance on a graduate student’s credit card is $8,612. Undergraduate students average about $2,169 in credit card debt.

Assembly Bill 262 is now on Gov. Arnold Schwarzenegger’s desk awaiting approval. If signed, part of the bill backed by Assemblyman Joe Coto will stop credit card companies from coming on university campuses, and enticing students to sign up for a card by promising them a free gift.”

If you sign up for a credit card, understand that there’s more involved than simply signing up and using it.  If you are in need of credit repair, contact the credit repair attorneys at Smith & Garg today to schedule an initial consultation.