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U.S. PIRG Consumer Blog
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October 18, 2007
Credit card campaign gains steam

The U.S. PIRG Education Fund's new truthaboutcredit.org campaign to get predatory credit card marketing off college campuses is picking up steam, with major stories yesterday in the New York Times (Pushing Colleges to Limit Credit Offers to Students by Charles DelaFuente) and today in the Washington Post. And, we're even getting requests for our FEESA--Free Gifts Now, Huge Fees Later counter-marketing project's cool light blue FEESA logo polo shirts. I don't even have one yet! Here's an excerpt from Washington Post syndicated columnist Michelle Singletary's story The Extra Credit Students Don't Need:
Many schools have signed lucrative affinity deals with credit card companies in which they provide contact lists of students or allow sidewalk-marketing by the credit pushers. It's an insidious relationship. [...] I don't think any college student needs a credit card. If students don't have the money to pay for school supplies, textbooks or food (the top reasons they use credit), what are they going to do when the bill comes due? Oh yes, they'll do what many seasoned cardholders do. They will roll over their balances to the next month and dig themselves deeper into debt.
Posted by Ed Mierzwinski at October 18, 2007 06:30 AM
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