How can credit cards be our best friends and worst enemies at the same time? It depends on how quickly you pay and what it costs if your payments are late. Credit use and abuse within the college communities will not go un noticed by the credit card companies and credit bureaus thattrack your financial activity throughout your lifetime. Students need to be just as dilligent about paying their bills as they are in getting good grades. The better the credit history the better the chances to secure employment, housing, buy a car and other things after they graduate. As the credit crises has reared its ugly head within the American and world economies, it will be much harder to move on after graduation unless you establish good credit now. Howard explains how this process works and what you need to keep yourself out of financial trouble.