SEATTLE--(BUSINESS WIRE)--Creditnet.com, the premier online resource for consumer credit education and product recommendations, today announced the launch of its “Get Some Credit¢ents” Sweepstakes.
Targeting students aged 18 and older, the promotion requires entrants to read a short article about credit, determine their Credit GPA by taking a 5-question quiz, and complete an online entry form for a chance to win $500 towards tuition and book expenses. Entrants who apply for a new student credit card and are approved by the credit issuer will receive an additional entry into the sweepstakes.
According to a study published by Nellie Mae (2005), 56% of undergraduate freshman obtain their first credit card at age 18. Unfortunately, most fail to receive any education about how credit works or what it takes to build a solid credit history after the card arrives in the mail.
Joshua Heckathorn, President of Creditnet.com, says “Creditnet is in a unique position to have a lasting effect on how young people understand and use credit before they actually apply for a credit card. We aim to teach students basic principles that are easy to remember and will guide responsible use of credit throughout their lives.”
Effective April 2009, both undergraduate and graduate students can discover their Credit GPA and enter into the “Get Some Credit¢ents” Sweepstakes by visiting www.creditnet.com/creditcents/sweepstakes.
Headquartered in Seattle, Washington, Creditnet dedicates itself to providing consumers with an online network of people and high-quality resources essential to building, maintaining, or repairing credit. At its free website, www.creditnet.com, users can educate themselves about credit, compare hundreds of credit cards and credit services, and apply securely online.