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Essay

Use of Credit Cards

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Issue:

Social Issues

 

Written by:

Denise L

 

Date added:

June 12, 2013

 

Level:

University

 

Grade:

A

 

No of pages / words:

2 / 452

 

Was viewed:

3129 times

 

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Essay content:

If more money is spent then the shopper has on the current account, the last written check will be rejected and account will be suspended until the balance is paid off. With credit cards however, every year more and more people get into debt. According to American Bankers Association (ABA), Americans owe more then $387 billion on their credit cards...
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This frightening number, averaging about $3,900 per family, is just as bad for the economy as it is for the consumers. In September of 1995, for example, The AT&T Universal card charged $15 per month for late fee to people who paid their bills just one day after the due date. Visa, on the other hand, was charging the penalty feesfor as little as a dollar over the limit, plus an interest of up to 24...
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General issues of this essay:
Consumers Purchasing On Credit Credit Card Debt in America Credit Card Debt credit card ethics Don't Let Credit Cards Rule Your Life Credit Card Credit Card Debt Credit Cards: Not So Evil credit cards disadvantages credit cards Getting Out and Staying Out of Credit Card Debt BENEFITING FROM GAS CREDIT CARDS Use of Credit Cards credit cards fraud credit cards
 

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