THE DANGERS OF SATIRE WHO BE CREEPIN’? VOLLEYBALL WINS A&E Life & Times MCC CHAMPIONSHIP Sports Volume 99 “Next time you’re out cruising on a late, foggy night, double check your rearview mirror and beware of any phantom cars that may Number 9 or may not be chasing you to the death.” Erica Gleason, LIFE & TIMES 28 OCT 2 011 World GADHAFI WHERE’S THE CREDIT? DEAD STUDENTS DO NOT STUDENTS DO NOTFIND CREDIT Life & Times 64 HAVE CREDIT CARDS 52 CARDS APPLICA THIS POINT BLE AT HALLOWEEN HAVOC Opinions FINDING Credit is a double-edged sword. It helps students gain inde- pendence and adjust to life “THE ONE” after college. However, when it is misused, the repercussions can be devastating. “Credit cards are like fire,” said Economics Professor Had- ley Mitchell. “They can be useful tools, or they can be deadly masters.” IN BRIEFS Of 143 students surveyed, 55 percent own at least one credit card. To build a healthy financial history, students must learn to use credit properly. UPLAND POETRY READING ABOUT BUIL KNOWLEDGABLE 61 SOME THEY ARE SAY STUDENTS “If you’re able to master your credit card, then it’s a very useful Tomorrow the Upland com- tool,” Mitchell said. “It establishes credit, so when you’re ready DEBIT OVER CREDIT CARDS CARDS CREDIT OVER DEBIT STUDENTS CHOOSE TO USE TO USE CHOOSE STUDENTS munity will host its annual for a car or a house, banks recognize that you have poetry reading event in the CONTINUED BELOW Depot Park Gazebo in down- town Upland from 7-8 p.m. Prizes of $50 will be awarded to the best original poem and the best poetry performance, dramatic or funny. 102 NEW COURSE OFFERING After a decade of absence, the course Religion and Society will be offered this spring. The discussion-oriented course explores religion as a social reality and defines the differences between faith and religion. For more informa- tion, contact Dr. Steve Bird at [email protected]. 115 EXPRESS CREDIT CARD CARD CREDIT EXPRESS SERENITY HOUSE CREDIT DING BENEFIT CONCERT Tim Riethmiller STUDENTS CARRY A VISA,M A CARRY STUDENTS The Serenity House in WALLET THEIR IN WHAT Upland is hosting a benefit OR ASTERCARD concert to raise funds tomor- Graphic by row at 7 p.m. in the chapel, costing $3 for students and $5 for others. The organization will use the funds to continue hous- ing women recently aged out of foster care, teaching them how to live independently. Build your credit Taylor student bands Stay the the discipline to pay it off. On the other hand, if you run up a charge, which is the interest that accumulates on any unpaid balance.” Shores and The Atlantic will KARA HACKETT huge credit bill and default, they say, ‘I don’t want to lend you NEWS CO-EDITOR A grace period is the number of days allowed before the credit card play, as well as guest worship money now, or I’ll charge you a higher rate of interest.’” company charges interest on new purchases. For those who pay their bills band Jesus Revealed, special right away, a grace period might mean they never pay interest. singer Sarah McGibbon and What to Consider Senior Elementary Education Major Alyssa Fish is using her first credit card this drama team Soul’d Out. When it comes to credit cards, there’s no one-size-fits-all option. Different cards work semester. To keep her finances in check, she does not buy anything she cannot afford. HOPE COLLEGE MOURNS better for different lifestyles. Credit card users should consider a card’s interest rate, “I use my credit card like I would use a debit card,” Fish said. “I make sure I have grace period and annual fee. the money in my checking account, and I like to pay it before. There’s no need to have Hope College continues to Interest rates are determined by the amount of money borrowed and the duration interest on your credit card. You can pay it off on time.” mourn freshman Joshua of the loan. Boerigter’s death. He died “A higher rate of interest is a way of reflecting that you’re a riskier borrower,” Mitchell Different Cards for Different Reasons this past Monday as he was said. Although using credit cards is simple, getting them can be difficult. Fish opted for walking along train tracks. According to HSBC Bank USA, “What you borrow, or what you spend, is called prin- a student Visa through her credit union because Officials are awaiting cipal. For the privilege of using the principal, you pay the credit card issuer a finance it was one of the only options that allowed her to CONTINUED ON PAGE 2 toxicology test results. WEEKEND WEATHER Today INTEGRATION OF 53° 35° FAITH & POLITICS KYLA MARTIN Taylor alumnus Jack Lugar (‘91) is running for Indiana’s 5th District of the U.S. House of Representa- tives. Saturday NEWS CO-EDITOR “We have a lot of problems, but it’s not too late,” Lugar said. “I think the 2012 election is 52° where we see what’s going to really happen with this country.” With a degree in Communications Studies from Taylor and a masters from Regent University, Lugar moved 32° to Los Angeles, Calif., with his wife Elisabeth VarnHagen (‘92) to be a writer for the sitcom “Love and War” produced by Warner Brothers. Sunday “I was surrounded by diametrically opposite points of view (in LA), and some were really eye-opening in the sense of saying ‘they have some valid points there,’” Lugar said. “It really gave me an understanding of 53° communicating, working worth and just understanding that we really have similar desires, we just have different points of view on how to accomplish those things.” 40° Running as a conservative republican, Lugar believes in a smaller CONTINUED ON PAGE 2 28 October 2011 NEWS 2 How many credit cards do you own? What kind of card do you use most often? 0 45% Visa, Mastercard, etc. 80% 1 - 2 52% Store brand credit card 0% 3 - 4 2% Other 3% 5 or More 1% Not applicable 16% BUILD CONTINUED... primarily to pay for large purchases and online getting approved should consider secured credit credit report that we had to get cleared up,” Miller orders. For small purchases around campus and cards. These cards are attached to a savings account, said. “It’s important to guard that FICO score independently sign for a card without previous with friends, she prefers using cash. so when bills are not paid, the card’s issuer can pull because all lenders look at it and place a lot of value credit. money out of the card owner’s account. on it.” “I had a huge problem this summer trying to get Finding the Card for You Another option is a charge card, such as American Despite the benefits of building credit, Belcher my credit card because I didn’t have enough credit— To find the best credit card, Business School Dean Express, Diner’s Club or Carte Blanche, which must believes students should worry more about manag- especially since my parents weren’t going to cosign,” Larry Belcher encourages students to be informed be entirely paid off at the end of each month. ing their money wisely. Fish said. “Thankfully, once my credit union saw and shop around. Miller warns against using store brand credit “I think the whole notion of establishing credit that I have a job and I have a checking and savings “Make sure you don’t take the first thing that cards because they increase the possibility of bad is overrated,” Belcher said. “If you’ve got stable account with them, they approved me.” comes along,” Belcher said. “I’d get a low credit limit credit hits. She also recommends students keep employment, if you’ve paid your bills on time, and Credit unions are non-profit financial institu- like $500 and resist the temptation to change. Just track of their credit scores, or FICO scores, to diag- if you’ve got a decent down payment, you’re going to tions owned and controlled by their members. Fish think, ‘I have this here for emergencies.’” nose credit health. be attractive, and you’re not going to have a problem selected a basic student credit card that she uses HSBC Bank USA says students who have trouble “My husband and I have had mistakes on our getting a mortgage.” INTEGRATION GUARANTEE CONTINUED... wife. He promises to use common business sense as a that there’s no extra energy put in it because you just the cycle. political leader. kind of do things by route.” “My desire is to raise up new leaders,” Lugar said. national government and putting more power in the Lugar has never held a public office, so to ensure He and his family will also live in Indiana and “We should be, as we’re serving, keeping an eye out hands of the states. his campaign is not lacking in experience, he plans to commute to D.C. Lugar argues that an elected official for people who can step in . and help them step into Lugar moved back to Indiana to receive his law hire people well-versed in Washington, D.C., politics. becomes out of touch with his or her constituents if not that role and lead.” degree from the Indiana University School of Law in Lugar also promises to limit his time in office to 12 immersed in the community. With a vision for a better future for America, Lugar Indianapolis to understand bills and laws.