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Buy custom Unethical Credit Card Practices

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Topic: Business
Number of pages / Number of words: 12 / 3090
Essay's paper body

In essence it will cost you $5700 to borrow $5000. All of the rules favor credit cards currently favor the credit card companies. About one-third of cardholders pay interest rates in excess of 20%, according to a report from New York-based think tank Demos. Also, borrowers with one slip-up can incur a "cascade" of penalties and end up in a "trap" of high-cost debt, the report said...


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Predatory rings a bell doesn’t it? These companies are pushing people to the limit and are quite possible for responsible for some of their own issues. Why isn’t more being done to curtail the practices of the credit industry?

The answer is the lobbyists have significant power with congress. “The credit card industry has several associations that back its play; they may have coalitions...


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General points of the essay

Citibank: Launching the Credit Card Credit Card Debt in America Credit Card Ethics Credit Card and it's effect. The commoditization in the credit card industry Unethical Credit Card Practices Credit Card Alice In Credit Card Land Credit Card Debt Credit Card Epidemic Getting Out and Staying Out of Credit Card Debt Who Can Stop Credit Card Abuse Credit Card Addiction credit card secrets Electronic Credit Card Payment Technology

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