Math 125 by https://padlet.com/hbarba/xowp1trx1nm0 Made with a wink and a smile en-us 2017-09-07 18:45:13 UTC 2025-10-01 00:23:37 UTC hello@padlet.com Haley Barba, Peyton Kinnick, Austin Lufit, Jasion Brogan hbarba https://padlet.com/hbarba/xowp1trx1nm0/wish/185662701
  • Most college students have at least one credit card
  • College students who have a credit card tend to spend hundreds to thousands of dollar that they don't have 
  • 63% of College students have $2,000 or maureen debt 
  • Most college students pay about $400-500 of their debt of a year 
  • Your credit score determines if you are able to get loan or not
  • About 75% of people actually use this score 
  • Creditors and Employers will use this score to make sure your are capable of auto loans and regular loans
  • A good credit score is consider to be 750 
  • 1/5 of the world is below 600 for their credit score 
  • Students tend to spend more money when they have larger spending limit 

]]> 2017-09-07 18:46:38 UTC https://padlet.com/hbarba/xowp1trx1nm0/wish/185662701 hbarba https://padlet.com/hbarba/xowp1trx1nm0/wish/186608161 Peyton Kinnick
 Jasion Brogan
Haley Barba
Austin Luft
The Underlying Concerns of Credit Cards
 
A person begins to accrue debt when a credit card is a method for purchase. The money spent to buy a good is money borrowed from a credit card company. The borrowed money comes with a caveat: interest. Interest is a fee that credit card companies place on the balance of their customer’s credit card while money is still owed to the company, and is in the form of a percentage. With the national average annual percentage rate (APR) sitting at around 15%, it can become difficult for a cardholder to get rid of debt. A person’s credit score is in effect as that person learns to manage credit card debt.
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Looking more into the topic of ‘credit cards,’ our group discovered that nearly 63% of college students have a debt of at least 2,000$ or more, and most college students pay only a fraction of the amount indebted to the credit card companies. This negatively shapes their credit score (their credit score determining whether or not the student can get a loan). A good credit score lies around 750 – the range being 300-850 for a FICO Score. 20% of the world’s population is below 600 with only 75% of them actually checking their score. 
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In conclusion: Pay off debt as soon as possible.


 
Works Cited:
 
Couric, K. "Hidden Credit Card Fees." NBC Learn, NBC Today Show, 1 Apr. 1997
Couric, K. "What Is a Credit Score?" NBC Learn, NBC Today Show, 19 Mar. 2001
Seigenthaler, J. "Personal Finance for College Students." NBC Learn, NBC Today Show, 29 Aug.            1999
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