WASHINGTON — An online survey of 500 college students has found that a significant number of them are starting life with very poor credit habits, according to the National Association of Retail Collection Attorneys, which sponsored the survey.
The survey found that more than a quarter of the self-selecting respondents thought it "reasonable to run up a debt that might take months or years to pay off to 'enjoy the moment.'"
"Our poll results show that too many young people are living for the moment and are not preparing for their financial future," said Robert Markoff, president of NARCA. "We conducted this poll to better understand college student views on debt. Having good credit probably has more impact on your life than having a minor criminal record. The type of impulsive behavior our data demonstrates can have significant and lasting effects on students' lives."
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
- Exclusive discounts on ALM and CU Times events.
- Access to other award-winning ALM websites including Law.com and GlobeSt.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
