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And to get out of financial trouble, they're using credit cards to get over the hump.
Credit cards are common among university students in the United States. A study by professors at Iowa State University found that 76 percent of students hold three or more credit cards while 40 percent had six or more. And even though rates start from 5%, the typical credit cardholder pays 17.66%. Many of us get into serious debt, and that's usually credit card debt. And it won't necessarily be because we're just plain reckless. Sometimes it can happen by charging up your cards with essentials in an emergency...
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