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This is a free sample preview of the essay
Consumers Purchasing On Credit
Beginning of essay
The reasons we as Americans buy on credit varies, but without it most of
us would probably never be able to purchase necessities such as a home or
automobile. The nation's economy depends on credit, the promise to pay later for
goods and services used today; but along with consumer credit comes co ....
Middle of essay
....ceived the card. By not disclosing
the interest rate on the application the credit card companies prohibit the
consumer from shopping around for the best deal.
You could just say they should cancel the credit card, but did you know
several requests for consumer credit could be viewed negatively because the
information is reported to the credit bureaus? This leaves you, the consumer,
with a bad credit report. Household debt and bankruptcy are at record levels and
appear to be on the rise. Until .... |
| Number of words: 496 |
Approximate pages: 2 |
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