Dont let Credit Cards rule your life
DON’T LET CREDIT CARDS RULE YOUR LIFE Did you know that the average American has 7.6 cards, and the average American family owes over eight thousand, six hundred dollars to these credit card companies? And did you know that one dollar out of every three in consumer debt is in credit cards? The fact is, credit card debt is rising faster than the income of most Americans. ... Today, I will , explain the disadvantages of credit cards, lead you through an example of credit card debt through hypothetical situations and at my conclusion, I will provide an solution to the problem of credit cards. Don’t let credit cards rule your life. Credit cards are thought to be a great financial tool. The two basic types are the Standard - Visa and MasterCard are two of the common credit cards available, Platinum and Gold cards, which have extra benefits attached to them and are usually only available for people with high levels of income. But credit cards are convenient, you can shop online, no transaction fee, and the cool new holographic ones are so pretty. But what about impulsive buying and temptation, not always being able to pay off your bill, credit limits, debt, and FRAUD? ... 3% of that was on credit cards 72% of students have credit cards and Nearly 1 in 4 students owes more than $3,000.