In a time with unprecedented poverty and economic challenges, Schaumburg bankruptcy lawyers have almost seen it all. Many seasoned and experienced Schaumburg bankruptcy lawyers have assisted many different types of clients achieve financial freedom through a discharged personal bankruptcy. It is very likely that these Schaumburg bankruptcy lawyers have cautioned their clients of the strategic ploys adopted by lenders to try to lure unassuming consumers into a web of debt. He or she may provide a number of valuable tips and advice so that the client is able to take full advantage and make the absolute most of the second chance granted by the federal bankruptcy court. One thing that creditors specifically credit card companies are notorious for is heavily soliciting college students. Oftentimes, this happens just as soon as they turn 18, which in some cases puts them still in high school. They are conditioned to believe that they need a credit card and absolutely cannot live without one. While that are so intensely recruited into the credit card industry, they are not provided the basics of how to effectively manage their credit card accounts. The credit card companies successfully dodge that bullet as they do not feel that it is their responsibility to educate the rookies in the credit card game. Without these essential skills and knowledge, it is relatively easy to mismanage credit card accounts and twice as hard to get back on track once you have faltered. It should almost be illegal for corporate giants to prey on young, 18 year old victims but they skate the line very well and none of their marketing strategies are illegal. If we can educate our youth on the importance of productively managing their credit from the age of 18 then maybe we can prevent or avoid some of the growing numbers of personal bankruptcy filings.