Credit Card Learning Assignment

trust identity card encyclopedism 1 Credit loosen Learning naming Jermaine A. Taylor University of Maryland University College FINC 321, Sec 6381 Professor Eric Ramon July 23, 2001 Credit Card Learning Credit Card Learning duty assignment On may 22, 2009, President Barack Obama signed the Credit Card Accountability, Responsibility and divine revelation Act, or reference hold in circuit board post horse of rights. One of the well-nigh significant changes the Credit Card crest imposes is that it prohibits companies from issuing assign tease to 2 consumers under the days of 21. Unfortunately for me, this hasten overbold bill was signed into law about 15 historic period too late. When I was growing up, matchless of the virtually exciting moments for me was when I purchased my first automobile and when I got my first belief card. For an eighteen year old with a new grade of wheels, a reference book demarcation line of $1500.00, and a smoking zealous girlfriend, I felt like The Man. As I consider my use of book of facts cards at the age of 18 in congeneric to the questions posed for this assignment, I most certainly would have responded YES to both question. It is no doubt that I had a serious occupation controlling my impute card outlay from the age of 18 to 25.

I routinely reached the spending limit on my acknowledgment cards, paid the minimum requital allowed and had the sickening feeling in my stomach once the bill arrived in the mail. I got to the propose that I would not charge look at the bill until I had to mail the payment- as to prolon g the agony of visual perception the total b! alance. I was existent in a continual cycle of paying my credit cards down unless to charge them back up. As I got older and started a family, I begin to infer the error of my ways also developed a shame for credit cards. Once I realized that by eliminating my credit card debt, the funds use on the monthly payments could be used for making purchases or for investing, I started on a path to eliminate my credit cards. However, I also accepted the value of credit cards for things such as hotel, rental...If you fatality to get a proficient essay, order it on our website: OrderCustomPaper.com

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