Question

3 paragraph essay about credit cards

Answer 1

credit card companies call customers who pay on time "dead beats"

interests that are too high are called usury and against the law but credit card companies dont get in trouble for that

credit card purchases are protected by the credit card company in that if someone buys a bad product with a credit card, they can deny the charge and not have to pay

credit card debt can be erased with bankruptcy

credit card companies to try to give credit cards to people

who went through bankruptcy, because in a way bankruptcy is kind of a do over

report card grade so to speak for a person who wants a credit card is called a fico score

if a person pays the entire credit card bill in one month they do not have to pay interest

using a credit card is basically borrowing money. its basically an unsecured loan or liability meaning no property is offered as collateral to get the money

collateral is property a bank can take if a person cannot pay his loan

investopedia