cutting up credit card

(KFBK) A new Credit Karma survey says 68 percent of Americans destroy their credit before the age of 30.

Financial Expert Kelly Brothers, from KFBK in Sacramento,  says the problem starts with credit companies going after young kids with no real financial discipline.

"I think it all starts in college," Brothers said. "[It's] another reason why financial literacy is so very important to make sure young people understand not just the upside to credit, but the dangers of credit and how it can slip away from you pretty quickly."

Young people open up accounts and put a big, old limit on it and then start buying stuff.

"Before you know they have a balance that is well-beyond their control and they have no real hope of paying off," Brother stated.

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