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Consumers Purchasing On Credit
Beginning of paper
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 consumer
debt. With the rise in telemarket .... Middle of paper
.... realizing the extent of the consumers' debt is one of the most
common types of credit problems. Denial may play a partial role in this problem,
but the lack of education seems to be the largest reason for consumer debt.
Credit card use is up 20% and a large number of Americans do not know the
percentage rate at which the credit card companies charge. Many credit card
companies have started "personalizing" interest rates by not disclosing ....
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Number of words: 496
Number of pages: 2 (approx. 250 words per double-spaced page)
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