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There is a major debt epidemic that is causing Americans to live in despair. The creditors best new tactic is to target their marketing at the young people to get them used to spinning their wheels on the credit treadmill at a ripe young age. The big credit card companies post up regularly right outside of university campuses offering young unemployed students credit cards pre-approved with $5,000 lines of credit. All with the intent of getting students over the edge in debt so once they graduate they will be stuck paying high interest credit card bills for the next 30 years.

This causes an abundance of unnecessary problems for young students. One very serious problem is that kids need to take time away from studying to work more hours to pay off unnecessary credit card bills. Some instances force kids to drop out all together to get full time jobs to pay off their debts.

For anyone who has seen the award winning documentary 'Maxed Out' you can see first hand how bad a credit card debt situation can affect students. There were two students whose parents were interviewed, both of whom killed themselves over their overwhelming debts that they owed. The persistence from lowlife collectors didn't at all help out either. Plus many more young students fall into deep depression because of the debt situation cornered into.

These credit issuers even go to the extent of recruiting other college students to solicit their credit cards within the universities. Some students will earn up to $20 for every student who applies to get a line of credit. These are only the techniques that I have heard about, although I am quite certain there are more.

One way to counteract this problem would be to teach students in the 12th grade before going off to college about the associated consequences that come with having credit cards. There should be a mandatory course put into the curriculum of high school seniors educating them on what could happen if they abuse credit. The course should also teach students how to properly manage their money to avoid any stressful credit problems in college.

Debt settlement is a great method of credit card debt relief for the kids that have found themselves in a overwhelming debt situation that they can no longer handle. It will help kids save a tremendous amount of money and become free of their debts within a few years, so when they graduate they will not be burdened with a large debt load over their shoulders.