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Consumers Purchasing On Credit
Part 1 of Paper
....e 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 telemarketing and commercializing in America it is no
wonder why Americans feel the impuls.... Part 2 of Paper
....ems. 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 the
interest rate until after the consumer has received the card. By not disclosing
the interest rate on the application the credit card companies pr.... |
| Number of words: 496 - Approximate pages: 2 |
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