The Dangers of Credit Cards :: Argumentative Persuasive Topics

The Dangers of Credit Cards   Credit visor are an fateful factor in growing up. Once you turn eighteen it t discover ensemble starts. You receive applications in the mail daily and commercials appear on picture as well. This starts to spark an stake. So you say to yourself, I think Im obligated enough to get a credit wag, Ill only use it for emergencies. then(prenominal) you apply and it may take a couple times to in conclusion be approved for one. This only makes it worse, of course, because you realize how long you have waited and now you get to buy anything you want, after all you dont have to remuneration it strike for a month. The course of study is 2001, more and more teens own credit card game and are already establishing their credit history. This essay go away prove the trueness about credit tease and what its like to be in debt. It will also show the promiscuous ways in which commercials and credit card companies can lure you into debt. &nb sp Credit cards seem to be the easy way to purchase things. If you want a pair of pants scarcely dont have the cash, you can just smasher it. In reality, credit cards are not that easy. Once you are approved for a card the company gives you a credit limit, which is proportional to your income. On the average, an eighteen year old would have about a $250 limit. Which is good because it means teenagers cannot charge past the maximum sum total of money. When a credit card is maxed out it means that you have hit the highest amount of money you can knock off and it wont let you spend anymore. A month later when you receive your bill, the sound amount will be shown and the minimum amount owed. The minimum amount is a feature on a credit card that allows the purchaser to pay only a certain small sum of the money. For model the bill is $222 and the minimum amount you can pay is $15-$25. If you choose to pay the minimum, the interest value comes in. Each time you dont pay in full, interest rates are charged onto the original bill. This is how people with credit cards run into debt.