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Credit cards, a big topic about such a small item (3.37 inches by 2.12 inches).
The first thing to know about credit cards is that nobody stood up and asked the banks to invent them. In fact, when credit cards first appeared on a grand scale (1958), it was because the Bank of America put thousands of cards in the hands of one California city.
“America began to change on a mid-September day in 1958 when the Bank of America dropped its first 60,000 credit cards on the unassuming city of Fresno, California…. A mass mailing of cards: ‘a drop’…. There had been no outward yearning among the residents of Fresno for such a device, nor even the dimmest awareness that such a thing was in the works. It simply arrived one day, with no advance warning, as if it had dropped from the sky.”
-Joe Nocera, A Piece of the Action (Simon & Schuster, 1994)
In the past 50 years, the credit card has, of course, become an integral part of our society. Today there are about 700 million active credit cards – two for every man, woman and child in the United States. Total credit card debt is about $1 trillion, and it is estimated that U.S. households who use credit cards have an average debt of about $10,000.
You will learn how to; escape from credit card debt, improve your credit score, lower your interest rate (APR), identify the credit card company tricks, protect your self against fraud, avoid paying fees, and also how to teach your kids about dept.
“Teaching abstinence from credit cards probably doesn’t work. But if you’re going to have credit cards, know what you’re doing: The Skinny on Credit Cards,” by Jim Randel, is a straight, simple, non-scary guide.”
- Virginia Heffernan, New York Times Magazine
“Written in an easy to understand style, and with a good dose of humor, The Skinny on Credit Cards gives the reader everything he/she needs to know to use credit cards more responsibly. A must read for teens and adults alike.”
- Professor James Roberts, Baylor University
“The Skinny on Credit Cards discusses a complex financial matter…in a way that even someone with no credit history can easily understand. This is no small achievement.”
- Curtis Arnold, Founder, U.S. Citizens for Fair Credit Card Terms, Inc.
“I love this book, what a terrific job. This book can literally save you a fortune!”
- Gerri Detweiler, Ultimate Credit Solutions Inc.