Credit Cards

br Credit Cards a social problem

CREDIT CARDS A SOCIAL PROBLEM

Why Credit Cards are a Social Problem Credit Cards a social problem

Abstract

Credit Cards are a social problem . The reasons why they have become a social problem are explained in the essay . The repercussions of extensive and irresponsible usage of

Credit cards make the consumer go bankrupt due to the high interest rates and ruthless means of recovery of over dues by Credit Card Companies . The sociological research into this plastic money mania brings out the statistical default

of users and the state of psychological , social , financial mess they create for themselves . The essay explains the reasons why credit cards have become a social problem and how it can be avoided by all youngsters and citizens in to have peace and stress free life and a better society to live in . Credit Cards a social problem

Why the Credit Cards are a Social Problem

Roy Thomsitt remarks Credit card debt is a major social problem in some Western countries . To rid yourself of credit card debt , it is best to recognize the problem as both a social and individual problem . The influence of society over an individual makes it a social problem of devastating magnitude . Society has changed with a fast pace in the last decade into a world of consumers who need money and nothing but money to make them live every day . The society recognizes little else than high net worth of a global citizen

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