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Easy Credit
     

Easy Credit

by Ann E. Weiss
 
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

Overview

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.

Editorial Reviews

Children's Literature
Plastic money. Little did we know as children that the fun money we were playing with would become serious business once we reached adulthood. As has been seen lately, too often credit card companies are willing to give people lines of credit they have no chance of ever paying off. Ann Weiss's book comes to the rescue. Giving some real life examples of people making mistakes with credit cards, she is able to point out where people go wrong and some of the consequences. Far from being a book that preaches about the evils of credit cards, Ms. Weiss gives the reader a history of credit, the current status of credit card companies and a look at such future issues as regulation of companies and new laws affecting what companies can do. Many might think this book isn't necessary for anyone under 18, but as Ms. Weiss points out in her tale of a 16 year old girl who was a secondary card holder, bad credit can happen to anyone. This book, due to the text and subject matter, has limited use for the classroom, but could be used in any life skills or finance class. 2000, TwentyFirst Century Books, Ages 16 up, $22.40. Reviewer: John D. Orsborn
School Library Journal
Gr 10 Up-The opening chapters of this book describe the history of credit from ancient times to the present. While interesting, this information won't appeal to a wide audience. Of more use and importance are the chapters that outline the potential dangers and abuses of credit cards. Discussion includes interest charges, fees, privacy issues, bankruptcy, etc. While the book is well written, it lacks any visual or graphic aids to help capture teens' attention or to highlight major concepts. The index and sources of further information are useful, but they don't compensate for the deadly dull presentation.-William C. Schadt, Glacier Park Middle School, Maple Valley, WA Copyright 2000 Cahners Business Information.

Product Details

ISBN-13:
9780761315032
Publisher:
Lerner Publishing Group
Publication date:
10/28/2000
Series:
Single Titles Series
Pages:
128
Product dimensions:
6.10(w) x 9.10(h) x 0.60(d)
Age Range:
12 - 17 Years

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