Here is the synopsis of our sample research paper on THE ADVANTAGES OF CREDIT CARDS. Have the paper e-mailed to you 24/7/365.
Essay / Research Paper Abstract
This 3-page paper is an essay arguing in favor of credit cards. Bibliography lists 1 source.
Page Count:
3 pages (~225 words per page)
File: D0_MTcredcard.rtf
Buy This Term Paper »
Unformatted sample text from the term paper:
instant gratification (instead of saving for something he/she wants, a buyer will simply take out the card and charge it). This, the opponents say, doesnt teach saving habits. Worse still,
it encourages consumers to buy without limit, and then not be able to pay the debt when its accumulated too high. This, the opponents say, increases the economic balance of
not only personal households, but the nation as a whole. In truth, however, if used responsibly, credit cards are an advantage, and
they can be a very positive teaching tool on how to manage money and repay debt. A credit card also shows
lenders, such as banks, that a person can be responsible in paying back loans. This can be very helpful if a consumer is coming to a bank for a car
loan or a loan to buy a house. If the consumer has a good credit history, in other words, he/she pays the balance on time and doesnt run it up
too much, then the lender knows this consumer is a good risk, and will likely pay back the bank loan that is granted.
A credit history can also warn a banker if a consumer might be playing a little free and loose with a credit card. If there are instances of late
payments or no payments, the banker can ask the consumer what happened in such instances. If the answers are satisfactory, then the banker has peace of mind. If they arent,
then the banker can show the consumer the door. Without any kind of credit card, however, there is no credit history. Second,
...