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Credit Cards Disadvantages

credit cards disadvantages

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Title: credit cards disadvantages

Essay Details:

Subject: Miscellaneous

Author: Victoria O

Date: September 6, 2014

Level: University

Grade: A

Length: 3 / 767

Essay text:

In the late 1960's, banks started introducing credit cards and this started a "credit card boom" that is continuing until now. There are so many types of credit cards that one does not know which ones to choose anymore. In example, there are the pre-paid ones and business ones as well as the golden ones. The worst kind though is the ones that do not require having a bank account and which are being given to anyone these days, regardless of whether he/she is qualified to hold it, like a teenager or even persons having spending and shopping addictions, for example. In the before-mentioned cases, the benefits of giving out a credit card to these persons are much fewer then the disadvantages of doing so...

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