Credit cards A new world
Many state legislatures and college administrators, however, feel that credit card companies are taking advantage of students at a time when many are very naive about financial obligations and do not yet understand the long term consequences of debt. For example, solicitations for student credit cards on the grounds at Rutgers are no longer allowed. Other campuses may see changes soon, as many state legislatures are cracking down on practices regarding the marketing of student credit cards. Legislatures in four states have already established bills to tamper some company practices around student credit cards on campuses in their states. The first week of February, New Jersey joined the list of states trying to crack down on predatory solicitations of student credit cards on campuses.