Credit card warning issued to students

Updated: 19:26, Wednesday, 31 August 2005

The Financial Regulator has warned students against using credit cards as a means of borrowing money.

1 of 1Students - Warned against borrowing on credit cards
Students - Warned against borrowing on credit cards

The Financial Regulator has warned students against using credit cards as a means of borrowing money.

In the first survey of financial products available to students, the Regulator also warned students to be wary of promotional offers.

Although basic banking is free for students, the Regulator said students should fully understand the cost of borrowing.

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