Photo: #A MasterCard sticker, below an American Express sticker, is seen on a glass door of a store in Niles, Illinois.
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A MasterCard sticker, below an American Express sticker, is seen on a glass door of a store in Niles, Illinois. (Photo by Tim Boyle/Getty Images)

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Avoiding the credit trap

Broadcast: Midmorning, 07/14/2006, 10:06 a.m.

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When kids first get to college, they're bombarded with credit card offers and other financial temptations. Midmorning's personal finance guru offers advice on what to tell the college-bound about managing money.

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  • Ruth Hayden: Personal finance consultant.

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