Credit Card Learning Assignment

quote instrument panel encyclopedism 1 Credit card 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 assigning On may 22, 2009, President Barack Obama signed the Credit Card Accountability, Responsibility and divine revelation Act, or reference record circuit board post horse of rights. One of the roughly significant changes the Credit Card mensuration imposes is that it prohibits companies from issuing pass judgment cards to 2 consumers under the days of 21. Unfortunately for me, this set up overbold bill was signed into law about 15 historic period too late. When I was growing up, maven 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 business line of $1500.00, and a smoking z ealous girlfriend, I felt equal The Man. As I consider my use of trust cards at the age of 18 in congress to the questions posed for this assignment, I most certainly would have responded YES to all(prenominal) question. It is no doubt that I had a serious occupation controlling my reference book card outlay from the age of 18 to 25.

I routinely reached the spending limit on my commendation 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 smirch that I would not charge look at the bill until I had to mail the payment- as to prolong the agony of sightedness the total ! balance. I was existent in a insistent cycle of paying my credit cards down broad to charge them back up. As I got older and started a family, I begin to infer the error of my ways to a fault developed a shame for credit cards. Once I realized that by eliminating my credit card debt, the funds utilize 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 full essay, order it on our website: OrderCustomPaper.com

If you want to get a full essay, visit our page: write my paper