Living on Borrowed Money Essay Example | Topics and Well Written Essays - 500 words

Living on Borrowed Money - Essay ExampleThese mickle all amassed cite card debt while in college and be now living with the consequences. Student credit card use can cause pedantic failure, career damage, and a lifetime of physical ailments.Students that are forced to sacrifice their study time for employment are going down the dead give up road to disaster. As a student, I can confirm that college is a full time endeavor. functional beyond that, though sometimes necessary, can only detract from your study time and result in a lowered GPA. Making extraordinary efforts to pay a mounting credit card note will come at the expense of your academic standing. The result will be dropped classes and the potential of academic probation that threatens your ability to get financial aid. These distractions will be the recipe for a failed college experience.For those students who are lucky adequacy to escape college with a degree, credit card debt and missed payments can continue to haunt them. It is routine for employers to do background checks on applicants that include a credit report. Recent graduates may have a storey marred by missed payments and overdue bills. Lynn Nemser, president of a leading management consulting company, says that it is assumed that community with a poor credit rating are less honest and more likely to err (Guess Whos Looking).