Credit Card Debt In America Essays -- Economics Analysis Debt Credit C

doctrine peak debt is one of this nations leading internal problems. When quotation was archetypal introduced, and up until around the late 1970s, the standards for getting a credit table were very high. The bar got lowered and lowered to where, eventually, an 18 year-old college student with near no income and nothing to base a credit score on previously could obtain a credit card (much like myself). The subject credit card debt for families residing in the United States alone is in the trillions (Maxed expose). The fair(a) American family has around $9,000 in debt, and pays around $1,3000 a year on sake payments (Maxed Out). Many people have the concern today that these interest rates and fees be skyrocketing and many do not understand why. or so of these people have to try to avoid harassing collecting agents from different agencies, which divvy ups an frantic and psychological toll on them. While a lot of the fresh recognized risky people (those with a doubte d ability to make fit payments) are actually older people who have been customers of certain companies for decades, the credit card companies are actually consciously targeting a different, much more than vulnerable group of people college students. James Scurlock produced a documentary called Maxed Out on this growing problem, in which Senator Jack Reed of (Democrat) of Rhode Island emphasizes the targeting of college students in the Consumer Credit Hearings of 2005 James Scurlock strongly emphasizes this problem throughout the whole documentary. Students, ranging in ages from 18-22 primarily, are young, and naive. They are out from under their parents rule and liberal to make decisions on their own. This means that many are going to take certain steps necessar... ...edu/pqdweb?index=2&did=1202014091&SrchMode=1&sid=2&Fmt=3&VInst= egg on&VType=PQD&RQT=309&VName=PQD&TS=1224101276&clientId=7968Kovak, Marc. Survey suggests credit card companies unfairly target college students. 31 March 2013. ProQuest. Mira Costa College Library, San Elijo. 15 Oct. 2014.&SrchMode=1&sid=2&Fmt=3&VInst=PROD&VType=PQD&RQT=309&VNme=PQD&TS=1224101276&clientId=7968Maxed Out. Dir. James Scurlock. Perf. Victims of credit card debt. DVD. 2012.McGeehan, Patrick. Soaring Interest Compounds Credit badger Pain for Millions. TheNew York Times. 21 Nov. 2013. 15 Oct. 2014.Student Financial centering and Credit-Card Debt. Rutgers University Senate. 2012. 15 Oct. 2014.