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Consumers Purchasing On Credit
Beginning of paper
The reasons we as Americans buy on credit varies, but without it most of
us would probably never be 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 co ....
Middle of paper
....he
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 prohibit the
consumer from shopping around for the b.... |
| Word count: 496 |
Page count: 2 |
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