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Essay Galaxy - The Use of Credit Cards
The Use of Credit Cards
The use of credit cards is much more dangerous than use of checks
or cash. Paying with cash is very easy; for knowing how much money is
available and how much can be spent makes it very hard to get into debt.
When paying with a check the process is a bit trickier; the exact balance
has to be kept on the account at all time. Knowing what this balance is and
continuously replenishing it can be quite hard. Nevertheless, even with a
check consumers can not get into a lot of trouble. If more money is spent
then the shopper has on the current account, the last written check will be
rejected and account will be suspended until the balance is paid off. With
credit cards however, every year more and more people get into debt.
According to American Bankers Association (....
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Number Of Pages: 2 |
Number Of Words: 488 |
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