Easy Creditby Ann E. Weiss
The credit-card industry is big business, and young
We live in a society that relies heavily on small plastic cards of one kind or another. Using these cards, it is so easy to charge almost anything, or get cash from an ATM, or immediately debit an account, or make a phone call. But how many of us understand the way these cards work? What is the cost of credit?
The credit-card industry is big business, and young people are among those most targeted with offers of their very own credit cards. A student may go off to college armed with several cards. True, the application states that an individual must be eighteen years or older in order to be issued a card. It goes into detail regarding annual percentage rate charges and credit limits. However, nowhere does it explain that easy credit may mean easy trouble.
Ann Weiss explores the history of credit from its use in ancient times, to the early development of diner's cards and bankcards, to today's prestige cards and the like. Throughout the book, card users tell their stories of credit used wisely and unwisely. Some have borrowed to go to college, start a business, or buy a home. Others have ruined their credit ratings, even declared bankruptcy.
Easy Credit also considers the regulations placed upon the cred-it-card industry and the need to preserve a card user's privacy. It discusses borrowing in general and lists places that provide help to people in serious debt. The book ends in a timely way with a chapter on consumer education.
Easy Credit provides a wealth of information to help you understand credit and how to use those convenient plastic cards responsibly.
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