Credit Card Counseling Now Necessary
I am a pre-pharmacy major so finance is definitely foreign to me when it comes to school work. However last year I decided to add marketing as my minor so that I could expand my job search and possibilities when I get out of college in the area of pharmacy and pharmaceutical sales. So I ended up having to take a lot of classes I have never taken before like econ and finance. In my current finance class we are talking about how our society now has had to rely a lot on credit and loans and when it is or isn't a good time to use credit. I feel like after taking this class that every person should have to go through credit card counseling in order to open a line of credit, or once they have. There is so much to know about credit and often people turn to counseling after they are knee deep in debt and it's too late and affecting their current lives and their future.
Taking this class has definitely taught me a lot about credit that I didn't know before and I feel like the information that I have gotten will help me in the future, however a lot of people will not take a class like this (I wouldn't have until I changed my minor). So I feel like a lesson or even an online tutorial should be mandatory to open credit or get a loan. Our economy right now is scary. We have no idea what will happen in the near future and it is scary to hear people who lived through the depression talk about how similar it looks. It's especially scary to me as a college student because entering the ‘real world' is hard enough out of college, but with such economic hard times it is even scarier. If everyone had a lesson earlier about borrowing money or paying back their debts and paying bills on time, who knows if we would still be in this situation, but at least we would understand more about it. If it weren't for this class that I am taking right now, if I was reading the newspaper and hearing about what is happening with banks, and stocks and the bail out, I probably wouldn't understand it (I don't even completely understand it now). In order to have a great society and one that takes action, we need to stay informed throughout the good times as well as the bad instead of being counseled after we are already down.
Posted on Thursday, October 16, 2008 @ 10:12 AM by Brian