Antoine Perretta, a 21-year-old University of Denver student, regularly pays off his three credit cards, to build up his credit score. He’s working toward getting an affordable loan to buy a car, a used black Audi.
Sarah Bush got her first credit card at 20 and and has “regretted it ever since.” A student at Belmont University in Nashville, Tenn., she is now 24 and enrolled in a debt management program, which has helped her whittle credit card debt down to $7,500.
Full story: Congress makes it harder for youths to get credit cards via CNN