Manning, Robert D.,
Perpetual Debt, Predatory Plastic. Robert D. Manning. - Southern Exposure, 2003. - SIRS Enduring Issues 2004. Article 36, Business, 1522-3191; .
Articles Contained in SIRS Enduring Issues 2004. Originally Published: Perpetual Debt, Predatory Plastic, Summer 2003; pp. 48-53.
"Many impoverished consumers are blinded by financial desperation, low literacy skills, and a desire to [be] part of what the TV commercials tell them is an exclusive club: the fellowship of consumers lucky enough to have earned bank credit cards. After all, exclaim the well-dressed actors, 'You work hard for your money. Don't you deserve some credit?'" (SOUTHERN EXPOSURE) This article discusses how credit card companies take advantage of poor Americans by offering cards with high fees and heavy penalties.
1522-3191;
Banks and banking--Corrupt practices
Business ethics
Consumer credit
Credit card fees
Credit control
Debt
Deceptive advertising
Financial institutions--Law and legislation
Financial services industry
Interest rates
Poor
User charges
AC1.S5
050
Perpetual Debt, Predatory Plastic. Robert D. Manning. - Southern Exposure, 2003. - SIRS Enduring Issues 2004. Article 36, Business, 1522-3191; .
Articles Contained in SIRS Enduring Issues 2004. Originally Published: Perpetual Debt, Predatory Plastic, Summer 2003; pp. 48-53.
"Many impoverished consumers are blinded by financial desperation, low literacy skills, and a desire to [be] part of what the TV commercials tell them is an exclusive club: the fellowship of consumers lucky enough to have earned bank credit cards. After all, exclaim the well-dressed actors, 'You work hard for your money. Don't you deserve some credit?'" (SOUTHERN EXPOSURE) This article discusses how credit card companies take advantage of poor Americans by offering cards with high fees and heavy penalties.
1522-3191;
Banks and banking--Corrupt practices
Business ethics
Consumer credit
Credit card fees
Credit control
Debt
Deceptive advertising
Financial institutions--Law and legislation
Financial services industry
Interest rates
Poor
User charges
AC1.S5
050