I’ve had a credit card for two years now.  I got it when I was a freshman in college, and now I’m halfway through my junior year.  It is possible that I’m in deep trouble.  I was pretty lucky in that I didn’t actually have to pay for school, my parents worked very hard and saved up enough for me and my brother to go.  It has been a huge weight off my mind; I just work during the summer to save up spending money, and I don’t have to work during term time. 

However, in my freshman year my dad told me to get a credit card, and he pointed out the credit cards bad credit holders could apply for.  It wasn’t necessarily that I had bad credit, I just had no credit, so it was basically the same thing.  Anyway, I’m now $13,000 in debt and I’ve started to work just to pay it off, and I have to lie to my dad.  I keep reading about debt consolidation loans and I’m thinking I should probably get one, or a payday cash advance loan.  I’m not entirely sure about the difference, but debt consolidation definitely sounds like what I need. 

Technorati Tags: credit cards bad credit, freshman, debt consolidation loans, payday cash advance