On Thursday in the city building lobby the MASSPIRG chapter
at MCC released the "credit trap" report done by U.S. PIRG which
outlines the unfair marketing practices of the credit industry. The average
student receives nearly 5 credit card offers a month and is graduating with an
average of 4,000 in credit card debt. Credit cards are marketed to students
using free gifts, introductory teaser rates - and some schools are even selling
the information of its students to these companies. Many students are using
credit cards to buy books, food and even pay for tuition. Over 55 students and
faculty signed on to the "Principles of Fair Credit Card Marketing"
and the chapter handed out over 40 "consumer's guide to credit cards"
in their efforts to educate the student body and address the issues of student
debt.
Check out the Lowell Sun article which featured the chapter and
the report on the front page on Friday March 28th!
Sign the principles and learn more at: Truthaboutcredit.org
