Credit Card Debt Essay Example | Topics and Well Written Essays - 1000 words

commendation Card Debt - Essay Exampleb. The risk is even greater for women where financial problems are a jumper cable cause of suicide (Khaitova).2. Faced with a future and no education, the problems continue to escalate.a. Medical expenses and mounting health insurance costs drain your marginal income. b. Prospective employers may be reluctant to hire you cod to your poor belief rating putting you further into an inescapable position (Guess Whos Looking). transit Now that we know the dangers posed by credence card debt, lets look at a appearance to eliminate the problem.C. Students who desire a credit card should complete a course in credit management before applying for a credit card.1. Young students who have never been exposed to credit should be taught how to read the fine print.a. Credit appli evictts should understand the basic terms used with credit such as early payment penalty, variable APR, and flexible due dating.b. Credit card holders necessitate to be cognizan t that one missed payment can result in their interest rate escalating from 2% to 20% on all their cards.2. We require a licensee for driving, fishing, and bartending and using credit should be no different.a. Misused credit can be as dangerous as an railroad car.b. Credit education would help protect this at risk group from a lifetime of grief.Transition Now lets take a look at what weve discussed and see how you can apply it to your own situation.III ConclusionA. Summary Ive demonstrate the negative cause that out of control credit can have on a students donnish performance and their health. It can be a problem that has the potential to escalate into a lifetime of agony.B Final salute A credit card can be a blessing if you need emergency automobile repair. It can also be a curse if the user doesnt... C. Preview What Im going to present to you in the next few minutes could save you from a lifetime of misery. I will make you aware of the credit card trap with its fine print an d show you how to avoid the pitfalls of its seductive lure.A. Summary Ive demonstrated the negative effects that out of control credit can have on a students academic performance and their health. It can be a problem that has the potential to escalate into a lifetime of agony.B Final Appeal A credit card can be a blessing if you need emergency automobile repair. It can also be a curse if the user doesnt understand the ramifications of do the payments. A course in credit management could instill a sense of responsible use, an spirit of the fine print, and eliminate the problem of massive student debt.Khaitova, Nigora. Women Commit Suicide Due to Financial Problems, unrequited Love and Male Violence (Experts). Stop Violence Against Women. 29 Nov. 2005. Minnesota Advocates for Human Rights. 23 Aug. 2006 .