# Professor Lawrence White offers advice to first-time credit card users

1 Faculty News October 10, 2019 ![WalletHub logo](/sites/default/files/styles/246w/public/assets/images/con_046689.jpg?itok=64YeKxvQ)>

Excerpt from [WalletHub](https://wallethub.com/credit-cards/no-credit/#expert=Lawrence_J._White) -- "A credit card can be useful: It allows an individual to delay the payments for purchases when cash-on-hand is short. But the use of a credit card also means taking on additional debt: If the individual is careless in spending and thus the accumulation of that debt, then repaying the debt can become difficult; late fees accumulate; personal bankruptcy and/or a bad debt record follows; and then other aspects of the individual's life become more difficult as well."

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