One of the significant developments has been the rise of technology. Technology has occupied all spheres of human life. One of the significant applications of this technology is on the use of credit card. Credit card has become…
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One of the issues is teenagers and the credit card debt. Credit card debt has been an issue especially on campuses. It is said that most of the students have competence in handling these cards. However, it has been found that some of the students get into debt. The causes of these debts among teenagers have been shown to be a belief about future earnings, debts attitudes and financial knowledge (Jill and Phillip 1). Most of the teenagers lack proper financial training. Likewise, those with necessary financial training are not willing to change their behavior. As a result, it has been a big problem with most of the teenagers becoming consumers debtor.
Most of the teenagers using these cards lack the necessary information. This is because most teens fail to realize the reality of excessive interest rates and fees on these cards. Majority of the students arrive in schools with cards. Most of the teenagers underscore the time it will take to repay the money with interest (Jill and Phillip 1).
The other issue is the reason behind increasing number of teenagers with the cards. The companies make teens their target through promotion. These promotions are meant to lure teenagers to get cards. One of the promotion strategy adopted by the companies is through giving of incentives. Such incentives include giving t-shirts or mugs (Jill and Phillip 1). In addition, the companies remove some of the requirements of getting cards. For example, some companies waive the information requires on the previous cardholder. Some other companies even offer food items. As a result, most of the teenagers are lured into getting these cards without knowing the consequences.
Promotion of cards has also been taken in schools. This has occurred as some of the schools accept these cards as a way of paying tuition. In some institutions, students groups sponsor the card companies. In the end, the group retains some amount for each application the
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In the United States, the score is used by security agencies when accessing and examining the financial records of citizens (Schultz, 2010). As a rule, the numeric information is presented in monetary terms at the national, State and communal level. The values of the score vary from 300 to 850, a score below 500 indicates a low risks.
Receipt of an initial credit account is essentially a form of formal economic status recognition. On the other hand it has developed a trend of maintaining social attitude under which the burden on today's American working class society is getting higher and higher.
No, she's not hanging around with the wrong crowd, suffering from a medical ailment, or experimenting with drugs. Instead of studying, Leesa has been busy working at a minimum wage job just to pay her mounting credit card debt.
B. Thesis Statement: It may sound outrageous, but student credit card debt can lead to academic failure as well as a lifetime of ill health, and students should complete a course in credit management before applying for a credit card.
The demand for customer side has also given rise to the number of institutions providing these services. This has made the industry more competitive. In United Kingdom the demand for financial products has increased with the increase in net disposable income.
The author states that a large credit card debt and poor repayment history will follow the student and complicate their employment chances. While almost any job entails access to computers, sensitive files, and financial transactions, employers are naturally reluctant to hire anyone who may be perceived as a credit risk.
The study is an investigation of the status of credit card fraud as it is perpetrated in the United Arab Emirates. The various types of credit card fraud and the manner by which they are carried out are related,
her degree in any university and to the best of my knowledge and belief, contains no material previously published, written, or produced by another person, except where due reference is made in the text.
The study is an investigation of credit card fraud countermeasures as it
This is a situation that has a lot of factors. Firstly, the issue of trust has been violated as the student has taken something that ultimately does not belong to him. Secondly, the issue of honesty comes up as the choice has to be made as to whether this student
two kinds of managers including the practitioners and the generalist and both of them can successfully manage creative individuals by having a vision as well as communicating it in an effective manner, by setting benchmarks and etc. She further states can managers can motivate
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