Connect with us

Apps

Introducing DEBX, the Personal Finance App for College Students

Helping recent college grads build their credit history without accumulating debt.

Published

on

There’s a new way for recent and future college grads to manage money, and it’s DEBX, an app that allows you to build credit while also not racking up a ton of debt. Many young people avoid credit cards but then realize that having a credit history is important when it comes to simple tasks in life like trying to rent an apartment or get a car loan. The problem is that credit cards come with high interest rates, and the average American has $5,290 dollars in credit card debt, so the idea of getting one is scary. With DEBX however, recent grads can leave those worries behind.

“When college students graduate, they are often unsure how to build their credit or manage their personal finances, and are maybe even a little intimidated,” says Ben Psillas, Founder of Debx. “They leave school with tons of student loans, and they want to avoid getting deeper in debt. But, they need to start building their credit history, and credit cards are one of the best ways to establish that.”

DEBX simply links users’ credit cards with their debit accounts so that after every credit card purchase the amount used can be automatically paid off with the push of a button. There’s also a shutoff balance feature, where the auto-payment feature is stopped if the checking account balance goes under a certain amount. The app also allows users to see all their credit cards and where all of their money is going, allowing for them to keep an eye on their spending habits.

DEBX isn’t on Android devices yet but is available free in the iTunes store. It links with most major credit card lenders including American Express, Capital One, Bank of America, Chase, Wells Fargo, and a lot more.

This is an original press release from UWire.

Are you looking for digital journalism training and experience? Are you a journalism major who wants to take your career to the next level? CMN’s Digital Journalism course gives you real-time experience, intense feedback on your writing, exposure to journalism influencers and mentors, and a great place to display your work. You can get academic credit too. Check out the Digital Journalism Course here.

Caitlin Wills is a graduate of the University of Colorado Boulder with a BA in journalism and a minor in creative writing. She has written for various websites including The Odyssey Online and The Tempest, and currently writes album reviews for MXDWN. She is also an avid fiction writer and is working on writing a novel. Follow her on Twitter @caitlinjherrera.

Sign up for the Morning Scoop

and wake up with us each day.

CMN Reports

National News1 day ago

CNN Sues Trump Administration Over Jim Acosta Access

CNN file a lawsuit against President Trump

by , Mercy College
2018 Midterms5 days ago

New York Governor Andrew Cuomo Wins a Third Term

Many government officials from New York were reelected and new faces were elected into government in Tuesday's Midterm Election.

by , Mercy College
2018 Midterms6 days ago

Electoral Reform and Voting Rights Expansion Won Big in the Midterms

From Florida to Michigan, voting rights expansions and electoral reform are making gains.

by , The Catholic American University
National News6 days ago

Justice Ruth Bader Ginsburg Hospitalized After Fracturing Ribs in a Fall

The Supreme Court Justice fell in the office on Wednesday night

by , Cal Poly SLO
Academics1 week ago

Analysis: Adolescent Mental Health Issues are on the Rise and Gun Violence is to Blame

Children are rightfully beginning to fear going to school because of the massive amount of school shootings within recent years.

by , The College of New Jersey
Health2 weeks ago

First FDA Approved Cannabis-Based Drug Available for Prescription

CBD has been known to treat seizures for years, but now the FDA is on board, making it legal for...

by , CMN Senior Correspondent
Government2 weeks ago

Multiple Suspicious Devices Sent to Prominent People in the Democratic Party

Several devices sent to various locations within a few days.

by , Mercy College
Government2 weeks ago

Authorities Make Arrest in Mail Bomb Case

The pipe bomber was identified as Cesar Sayoc, Jr. from Aventura, Florida.

by , Mercy College

Top Reads