Final/Com/156

roughly Americans Should Not Use Credit Cards Sherri Curry COM/156 March 13, 2011 Joseph Bockus Most Americans Should Not Use Credit Cards Credit post-horses ar a way of life for most consumes today. Credit cards can be very useful for large purchases, such(prenominal)(prenominal) as major appliances, or the unexpected expenses we can encounter, such as car repairs. Credit card companies like when Americans go into debt as this is a way they earn profits when consumers drool revolving balances and interest can be charged. Some reference card companies can become predators, by partaking in unfair caper practices, changing terms and or payment due dates, and enrolling consumers in credit redress programs that they may not have gestural up for. While many credit card companies cut across consumers fairly and value their business, there are some that forego on consumers. Consumers do have rights, as outlined in the Fair Credit Reporting Act, and every unrivaled needs to closely varan their credit card accounts on a monthly basis. The creditors are in desperate need of their money because they need unremitting liquidity. The financial institutes suffered a great deal after the economical meltdown.

While consumers are protected by a modus operandi of consumer protection laws, including the Consumer Credit Protection Act, there are lock up many opportunities for consumers to be taken advantage of by unethical professionals and corporations. Unfair business practices include those that are harmful to the consumer, such as contract violations, false advertising, and misrepresentation of a devout service, fraud and scams. Credit insurance policy tricks have been around forever, one such trick is encouraging card holders to carry credit card balances protection insurance. Consumers do not need this insurance except if carrying a large amount of debt and are in poor health. These consumers may definitely benefit from the advantages of credit insurance should they become too ill to work. Consumers may not realize, however, that... If you urgency to get a full essay, order it on our website: Orderessay

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