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Credit Cards
Beginning of essay
are quickly becoming a major problem for the American people. It is so easy to get into debt with a credit card, and anyone with a mailbox and a pulse can get one. Many Americans can't get out of debt and they run into credit problems; some even file for bankruptcy. The reason it is so easy to use ....
Middle of essay .....S. households now owe money on their , and last year they spent $70 billion in interest charges and fees. Credit card debt now accounts for 43% of all consumer loans and is growing faster than all other types of household borrowing, including home mortgages or auto loans. The average household now owes an amount equal to 95% of their yearly income (Dollars and Sense). Credit card companies make it is very easy to get into debt, but almost impossible to get out. The problem being that if you onl.... |
Number of words: 2269 |
Approximate pages: 9 |
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