logo �1 on the Internet book 
main menu
Essay papers avaliable:   250 000

The widest database of original essays is now available due to EssaysBank.com! Thousands of high quality authentic essays are collected by our professional to make the lives of the students easier.

Hundreds of topics from various subjects of any educational level you will find anything you need at EssaysBank.com!

Submit your articles to the following
Search: in this section
Essay heading: American Middle Class Debt
Essay specific features
Issue: Social Issues
Written by:
Date added: September 18, 1996
No of pages / words: 5 / 1342
Was viewed: 0 times
Rating of current essay:
Essay content:

Credit is not a financial tool, if you ask most “informed Americans” they will tell you get a credit card use it wisely, put your gas on, and pay it off every month. This is great advice, except the fact that over 60 percent of Americans that actually have credit cards do not pay them off monthly. Statistically speaking you will miss a payment or not pay your card off in full at some point, and that is why a bank is willing to lend this money to you...
displayed 300 characters

Here are the options you can choose from:
  • Order plagiarism free custom written essay.
  • All essays are written from scratch by professional writers according to your instructions and delivered to your email on time. Prices start from $11.99 /page.
  • This option gives you the immediate access to all 184 988 essays.
  • You get access to all the essays and can view as many
    of them as you like for as little as $28.95/month.
  • Your research paper is written
    by certified writers
  • Your requirements and targets are
    always met
  • You are able to control the progress
    of your writing assigment
  • You get a chance to become an
    excellent student!

Statistically speaking you will miss a payment or not pay your card off in full at some point, and that is why a bank is willing to lend this money to you. Credit cards are great financial tools for private banks, not individuals. The average adult that is over 18 years old has over eight thousand dollars on some combination of credit cards...
displayed next 300 characters

General issues of this essay:
Related essays:
Title Pages / Words Save
credit protection
In addition to High-Flying Airlines should not being charging her, that credit card which she received was never order. She never made a request to be given a credit card from High-Flying Airlines...
2 / 324
Then, if you're ever late on a payment, the credit card company will charge an outrageous late fee and bump you up to the highest interest rate possible, which can be around the 30% mark...
2 / 529
effects of consumer culture on society
In the year 2004 credit card debt was 185 billion dollars, an increase in 160 billion dollars in just five years. Imagine a future where companies are advertising a newer, better, version of something every couple of months and people keep going out and buying the product because advertising companies make them believe they need it to be cool and popular...
2 / 404
7 Roads To Financial Ruin
When families are unhappy because of their finances, however, they've typically chosen one of a relatively small number of paths to get there. That became abundantly clear Sept...
1 / 233
You may earn higher cash back percentages or better rewards on purchases made on gasoline and car maintenance, but a credit card with gas rewards may be more convenient if you are someone who likes to keep just a single credit card in their wallet- rather than several cards each aimed towards specific types of purchases...
2 / 534
Keeping up with the Jones
However, that does not seem to be the case. For some, keeping up with the Joneses is an emergency. Heaven forbid, a sale at the GAP. Fewer people are saving money...
2 / 516
credit cards
How do you feel about credit cards? With teenagers, I feel that they should not sign up for a credit card or have a permanent one in their possession. It is fine if their parents give it to them for a day, if they are going out to the mall with a couple friends...
1 / 142