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Essay

Use of Credit in the U.S.

Essay specific features

 

Issue:

Social Issues

 

Written by:

Stacie C

 

Date added:

October 22, 2014

 

Level:

University

 

Grade:

A

 

No of pages / words:

2 / 509

 

Was viewed:

8019 times

 

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Essay content:

You are required to make a monthly payment and to pay interest on the amount loaned. The amount of interest you pay is also determined by the amount of your loan, your credit history and the economy. The interest in most cases can range anywhere between four and ten percent. Theses purchases may also require collateral for an approval...
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Theses purchases may also require collateral for an approval. Collateral is something provided to the bank as insurance that they will be paid. Physical property such as a house that has been paid for or a vehicle that has been paid off may be common to use as collateral. This property will be claimed by the bank if you fault in your payments...
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General issues of this essay:
Consumers Purchasing On Credit Credit Card Debt in America Credit Card Debt Credit Card and it's effect. Credit Derivatives Credit Score Credit letter of credit Credit Card Debt Extra Credit Report Science Getting Out and Staying Out of Credit Card Debt Consumers Cut Health Spending Credit Unions Use of Credit in the U.S. credit cards
 

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