Credit Card Debt Essay Example | Topics and Well Written Essays - 1000 words

Credit Card Debt - Essay Exampleb. The risk is even greater for women where financial problems are a tether cause of suicide (Khaitova).2. Faced with a future and no education, the problems continue to escalate.a. Medical expenses and mounting health insurance costs drain your marginal income. b. future employers may be reluctant to hire you receivable to your poor assign rating putting you further into an inescapable position (Guess Whos Looking). transition Now that we know the dangers posed by credit flier debt, lets look at a way to eliminate the problem.C. Students who desire a credit card should complete a course in credit management before applying for a credit card.1. Young students who realise never been exposed to credit should be taught how to read the fine print.a. Credit applicants should understand the basic terms used with credit such as early payment penalty, variable APR, and flexible due dating.b. Credit card holders need to be alive(predicate) that one misse d payment can result in their interest rate escalating from 2% to 20% on all their cards.2. We require a licensee for driving, fishing, and bartending and using credit should be no different.a. Misused credit can be as dangerous as an automobile.b. Credit education would help protect this at risk group from a lifetime of grief.Transition Now lets take a look at what weve discussed and see how you can apply it to your own situation.III ConclusionA. Summary Ive demonstrated the negative effects that out of control credit can have on a students academic performance and their health. It can be a problem that has the potential to escalate into a lifetime of agony.B Final hail A credit card can be a blessing if you need emergency automobile repair. It can also be a offense if the user doesnt... C. Preview What Im going to present to you in the next few minutes could save you from a lifetime of misery. I will make you aware of the credit card trap with its fine print and show you how to avoid the pitfalls of its seductive lure.A. Summary Ive demonstrated the negative effects that out of control credit can have on a students academic performance and their health. It can be a problem that has the potential to escalate into a lifetime of agony.B Final Appeal A credit card can be a blessing if you need emergency automobile repair. It can also be a curse if the user doesnt understand the ramifications of making the payments. A course in credit management could instill a sense of responsible use, an soul of the fine print, and eliminate the problem of massive student debt.Khaitova, Nigora. Women Commit Suicide Due to Financial Problems, Unreciprocated Love and Male craze (Experts). Stop Violence Against Women. 29 Nov. 2005. Minnesota Advocates for Human Rights. 23 Aug. 2006 .