comm final assignment

comm final assignment - credit card companys disclosure...

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I have chosen to read paragraph 1 and 2. Paragraph 2 is substantially more effective than 1. We all know that the credit card industry needs a makeover . Deciding why the credit card industry delinquency rate has grown in these hard economic times due to consumers overspending and not making enough money to pay their debts. The debt to income must be recognized as a serious problem. Americans tend to spend credit on items that you would not buy if cash was needed. We need to buy what we need and not what we want. Knowing that the
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Unformatted text preview: credit card companys disclosure will be clear and easier to read is not the problem at hand or the solution. It may avoid fees that consumers were not clearly aware of that existed. Rising debt and delinquency due to confusing terms? I am not so sure about that. If jobs were more readily available I think that consumers may have more means to pay their debts off....
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