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There is a major debt problem that is sweeping across America. The creditors are now targeting at the young people to get them used to running on the credit treadmill at a ripe young age. The major banks post up regularly right outside of university campuses offering young unemployed students credit cards pre-approved with sometimes credit limits being as high as $5,000. All with the intent of getting students over their heads in debt so once they graduate they will be paying off their credit cards for the rest of their lives.

This causes many problems for students. One detrimental problem is that kids need to take time away from studying to work more hours to pay off high interest credit card debt. Some instances force kids to completely drop out of school to get full time employment to pay off their bills.

For anyone who has seen the award winning documentary 'Maxed Out' you can see first hand how bad a debt problem in college can affect students. There were two kids whose parents were interviewed, both of whom took their own lives over their overwhelming debts that they owed. The harassment from lowlife collectors didn't at all help the situation. Plus many more young students fall into deep depression because of the stressful debt situation in.

These credit card companies even go to the extent of recruiting other college students to solicit their credit cards within the universities. Some students will earn up to $10 for every student who applies to get a credit card. These are only the techniques that I have heard about, although I am quite certain there are more.

One way to reverse this epidemic would be to enlighten students in high school before college about the associated dangers that come with having lines of credit. There should be a mandatory course adopted into the curriculum of high school seniors educating them on what the consequences could be if they abuse credit cards. The course should also teach students how to properly manage their income to avoid any unnecessary credit problems in college.

Debt settlement is a very attractive method of debt relief for the college students that have found themselves in a overwhelming debt situation that they can no longer handle. It will help college students save a lot of money and become free of their debts within a few years, so when they graduate college they will not be carrying a large debt amount over their heads