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Dangers of Credit CardDebt

Essay specific features

 

Issue:

Miscellaneous

 

Written by:

Robert W

 

Date added:

July 25, 2013

 

Level:

 

Grade:

A

 

No of pages / words:

4 / 1102

 

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9892 times

 

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Essay content:

Which is good because it means teenagers cannot charge past the maximum amount of money. When a credit card is maxed out it means that you have hit the highest amount of money you can spend and it won't let you spend anymore. A month later when you receive your bill, the full amount will be shown and the minimum amount owed...
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The minimum amount is a feature on a credit card that allows the buyer to pay only a certain small sum of the money. For example the bill is $212 and the minimum amount you can pay is $15-$25. If you choose to pay the minimum, the interest value comes in. Each time you don't pay in full, interest rates are charged onto the original bill...
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