Perpetual Debt, Predatory Plastic. Robert D. Manning.
by Manning, Robert D; ProQuest Information and Learning Company.
Series: SIRS Enduring Issues 2004Article 36Business. Publisher: Southern Exposure, 2003ISSN: 1522-3191;.Subject(s): 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 chargesDDC classification: 050 Summary: "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.| Item type | Current location | Call number | Status | Date due |
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High School - old - to delete | REF SIRS 2004 Business Article 36 (Browse shelf) | Available |
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.
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