page 2
daily nebraskan
thursday, february 15, 1979
Credit Card magic bills appear only monthly
By Lucy Bighia
Almost everyone at one time or another has wished
there was some magic way they could buy something
without immediately paying for it.
Well there is a way, and there's nothing magic about it.
It's called a credit card. Simply hand over that little piece
of plastic and forget about the bill for a month or so.
But how much of a chance does the average college stu
dent, with no property, no credit record and very little
income have of getting a credit card?
According to spokesmen for major American compan
ies, college students have a better chance than they may
think.
In fact, many companies send credit card applications
to selected college juniors and seniors.
AMOCO Oil Company, which makes a regular practice
of this, approves about 90 percent of the applications re
turned, said credit manager S.G. Marshall.
Application incomplete
Most of the students who are turned down have failed
to fill out the application completely, Marshall said.
Marshall said his company looks at an applicant's
character, employment record and financial assets.
"Really, credit is trusting an individual to pay an ac
count," he said.
ENGINEERING
GRADUATES
Rockwell-Collins will be visiting your campus
soon. We'd like you to discover Cedar Rapids,
Iowa's second largest city and the nation's
number one exporter, per capita, of goods
and service.
You'll see the most sophisticated technology
in the country today, developed by a leader
in the field of advanced avionics design and
development and one of the world's largest
independent suppliers of telecommunications
systems.
Currently, openings exist in:
ELECTRICAL ENGINEERING
MECHANICAL ENGINEERING
INDUSTRIAL ENGINEERING
COMPUTER SCIENCE
Your Rockwell-Collins representative will be on
campus for interviews on February 19, 20. Call
your college placement office to schedule an
appointment. OR . . . send your resume to:
Janyce Albert
Avionics and Missiles Group
Rockwell International
MS 120-145 J LA
400 Collins Road NE
Cedar Rapids, IA 52406
OP
Rockwell
International
Equal Opportunity Employer MF
Stability and the capacity to pay seems to be the two
most important criteria for obtaining a credit card, ac
cording to credit spokesmen contacted.
Billie Kent, credit supervisor for the Master Charge
VISA Center in Lincoln, said his company also considers
factors such as past credit record, repayment history, the
amount and source of income-they usually require a
minimum of $2OO-$250 a month -and whether the appli
cant has any outstanding debts.
If the student's income comes from his parent, the
parent must co-sign, Kent said.
Consigner required
Kent said a co-signer is also required if the student fails
to meet the above requirements, if he has no previous
credit history, for example. The co-signer must be some
one able to qualify for a card himself, he said.
Students usually start with a $300 to $350 limit, Kent
said. He said this amount was set because it is about the
amount of one semester's tuition.
Cards are not issued to foreign students temporarily
residing in Nebraska, he said.
"WeVe had too many bad experiences with foreign stu
dents going home and leaving us holding the bag," Kent
said.
Probably the best thing a student can do is to start
establishing some kind of credit record early, said Mary
Alice Minney, director of education for the Inter
national Consumer Credit Association.
Taking out a small loan, even if unnecessary, and
promptly repaying it is an excellent way to establish a
rating, Minney said.
Minney also suggested applying to local stores first, be-
nb?askan
USPS 144-080
Editor in chief: Pete Mason. Managing editor: George Wright.
News editor: L. Kent Wolgamott. Associate news editors: Betsie
Ammons, Amy Lenzen. Assistant news editor: Cindy Coglianese.
Night news editor: Margaret Stafford. Assistant night news editor:
Anne Carothers. Layout editor: John Minnick. Entertainment
editor: Jill Denning. Sports editor: Rick Huls. Photography chief:
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Shanahan. Ombudsman: Jim Kay.
Copy editors: Deb Emery, Mary Fastenau, Dave Ostdiek,
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Business manager: Jerri Haussler. Production manager: Kitty
Policky. Advertising manager: Denise Jordan. Assistant advertising
manager: Pete Huestis.
The Daily Nebraskan is published by the UNL Publications
Board on Monday, Wednesday, Thursday and Friday during fall
and spring semesters, except during vacation.
Address: Daily Nebraskan, Nebraska Union 34, 14th and R
streets, Lincoln, Neb. 68588. Telephone: 472-2588.
Material may be reprinted without permission if attributed to
the Daily Nebraskan, except material covered by a copyright.
Second class postage paid at Lincoln, Neb. 68510.
appearing at
Two Eyed Jacks
Emerald
February 18th
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cause they will be more likely to issue a card to a student
with no rating than some of the larger companies.
Once a credit card has been acquired, students should
be prompt with their payments, she said. This is what
other companies will look at when the student applies to
them.
The Agronomy Club
orientation and workshop
session at 7 p.m. in the
Stewart Seed Lab. All new
members must attend.
The UPC-East Films
Comedy Festival will meet
at 7:30 p.m. tonight and
Friday in the East Union
Great Plains Room.
The Folk Dancing Club
will meet Friday at 7 p.m.
in Mabel Lee Hall 119.
The UPC Visual Arts
Committee will meet today
at 4:30 p.m. in the Nebras
ka Union 221.
GD(M?
o
8 a.m. - Anthropology
Department -Program Re
view, Room 216
11:30 a.m .-Culture Cen
ter "Black Women in Per
spective", Room 232
12 noon -Program Re
view Luncheon , Room 203
12:30 p.m -Campus Cru
sade for Christ, Room 122
1:30 p.m.-Student Life
-Judicial Policy Review,
Room 2 1 6
3:30 p.m .-Office of Uni
versity Information, Room
203
3:30 p.m. -Iranian Stu
dent Association, Room
337
4 p.m. -NUPIRG Board
Meeting, Room 122
4:30 p.m .-Nebraska Hu
man Resources Foundation
-L.D.P., Room 216
5:30 pan. - Panhellenic
Dinner, Room 202-202A
6 p.m. CAP Organiza
tional Workshop, Harvest
Room A
6 p.m. Council of Amer
ican Indian Students, Room
203
6 p.m. Christian Science
Organization, South Confer
ence Room
6:30 pjn.-I.E.E.E. Din
ner, Room 242-243
7 p. m. -Residence Hall
Association, Pewter Room
7 p.m.-ASUN Commis
sion on Educational Quality,
Harvest Room B
7 p.m.-S.A.I.L., Harvest
Room C
7 p.m .-Christian Science
Campus Counselor, Room
225G
7 p.m .-Beta Alpha Psi,
Room 232
7 p.m -Alpha Tau Ome
ga Bible Study Group,
Room 343
7 p. m. -Panhellenic -Bid
Matching Meeting, Ballroom
7:30 p.m. - Ruth Dia
mond Levinson Lecture
"Dr. Dorothy Allen,", Audi
torium 7:30 p.m. - Students
Concerned with Internation
al Affairs, North Confer
ence Room
7:30 p.m. -Math Coun
selors, Room 225 B-C
7:30 p.m. - A.U.F.,
Room 337
East Union Calendar
1 1 :30 a.m.-Epsilon Chi.
Columbine Room
3 p jti.-UNL Parking Ad
visory Committee, Cotton
wood Room
7 p.m .-Gavel Club, CAP
Committee Room
7:30 pjn .-UPC-East
Comedy Film Festival,
Great Plains Room
UPC-East Annie Lenney
Art Exhibit, Loft
I Kmpowrr the poor develop their
mmmmmt leadership skills. Live and work for a year mmm
Tmmmmil a '!STA volunteer. Across America nur j
skills in ducation, Social Science . Ijtr
'" LIV Health, Business. Spanish or jmmmmr
Law can help. Contact:
f S Sign up now for l
A X y interview, Feb. 20, v tf
I S 21, & 22, Placement XX f
I , Office - Union X V I