Unreliable Credit History

Unreliable Credit History
If you need some financial help because of an unexpected expense or an expense that you must pay
but cannot afford at the moment a loan is a great route to go. Various companies offer loans to
people that need them, but finding a loan can be difficult if you have an unreliable credit history. If
you have an unreliable credit history it would probably be wise to not go to a bank as they may turn
you away. It may be best to go with a payday loan as the requirements are not usually as strict.
It is always a good idea to be responsible about the amount of money that you are borrowing from
someone. A good lender will make sure that you have the means to pay the entire loan back in a
reasonable amount of time. A good lender will make sure that you also have a steady job. An
irresponsible lender will loan an excessive amount of money to someone whether they need it or
not. An irresponsible lender will most likely not even check to see if you have a job to pay back the
amount of money that you are responsible for. An irresponsible lender isn't someone that you want
to deal with. In addition, irresponsible lenders may charge extremely high interest rates for their
services. When you are loaning money, always be sure that you can pay it back in the allotted time
period. It's best to come up with a financial plan that will ensure that you will be able to pay the loan
back while still having money for other necessities. Be sure that you have enough ... Show more
content on Helpwriting.net ...
It can be intimidating going into a business and asking for a loan. Looking for a loan on the internet
is simple compared to going and talking with various businesses. If you apply for a cash advance on
the internet, the company will usually let you know right then if you got approved or denied. If you
have no credit or bad credit, you may want to call the business and speak with them to explain your
situation as you may have a better chance of being
... Get more on HelpWriting.net ...

The American Dream By Mike Keefe
The American dream is the belief that anyone that lives or that comes to America has the chance to
be rich if they work hard enough. However American dream an unattainable dream because it never
existed. Mike Keefe an American editorial cartoonist of "American Pipe Dream" uses numerous
techniques to convey the message that the American dream is an optical illusion. In reality most
American live with student loans that they cannot pay because they of under employment, which
causes them credit card debt. Techniques such as the position of people and objects, race and facial
expression are used to show the American dream is mirage.
America is known as the land of freedom and opportunity. A country where a person's background
race, religion and gender does not affect a person's dream. In whatever way this "American dream"
is dead in fact it never existed. The text at the left corner has a precise description of what the
American dream truly is, "The American pipe dream with attached mirage. Americans have to get an
overpriced education, have huge school loans, get underpaying jobs, which will cause them to have
credit card debt, which will take their rest of their life to fix. This means they can not buy house,
cars or anything because in America a person's credit score determines whether that person will get
anything in life. Even with all of these obstacles Americans are told to achieve a dream that is an
illusion created by the fading people that belief that the future

History Of Credit Card Terminal Technology
This report present the History of the credit Card terminal technology, and how this technology
developed. This report analyzed the Square reader model number A–PKG–0206–01. The Square
reader market analysis, theory of operation, and the device performance are presented in this report.
The square reader cost zero dollar and showed high efficacy in performance. This device is
recommended.
II. Introduction
Since 1958, when the credit card was invented [1], the credit card terminal has developed and
became easier to use over time. Engineers have made many developments to credit card terminals
and enhanced this technology. The development has a large impact on the performance and the way
these devices work. Credit card terminal ... Show more content on Helpwriting.net ...
Almost everyone has a smartphone, so engineers invented a way to let merchant charge customers
through a device that can be attached to any mobile phone. This device, or credit card terminal, is
the future of credit card terminal technology, where merchants can charge customers anywhere and
anytime [3]. This report will present the market analysis, theory of operation, and the device
performance of Square.INC credit card reader [3].
III. Market Analysis
Square.INC is a company was founded in February, 2009, by jack Dorsey the CEO of Twitter and
Jim Mckelvey [4–new]. This company focus on software and hardware payments. Square has a
several products, such as square reader, and square stand. The square reader consider as the first
product released by Square [4–new]. Square.INC is a public company has been traded in the New
York stock exchange since Nov, 2015 [5–new]. There are many competitors for Square in the
market. The most competitors are Flint, PayPal, and Softcard. The cost of the Square reader is free
[6–new]. Square charge zero dollar to purchase the Square reader, but in return it charges 2.75% fee
per swipe [7–new]. The fee is consider a low fee comparing to the competitors fees. Flint charge
2.95% and PayPal charge 2.90% plus $0.30 per swipe [8–new]. This low rate is consider as an
advantage for Square.INC, and make it hard to compete by other companies. There are thousands of
Square reader users

Taking An Auto Loan For A Bad Credit
Do you believe that because of your bad credit, you cannot qualify for a bad credit car loan? Then
think again. Many lenders will not lend to persons with bad credit which is normally a score of 620
or less. There are however, a number of companies that will provide you with the auto loan facility
that you can afford. There are also those that will seek to provide you with the car loan that you
want. There is a big difference between the two. The former will provide that which you can safely
afford to purchase a car and is based on the information you you supply such as your credit score,
your monthly income and expenses. The latter will seek to supply you with the money you want,
even if it will further harm your credit rating. Taking an auto loan that you can afford may not get
you the car of your dreams, but it can get you a car and have you moving about, while helping you
to build your credit.
Now, as eluded to earlier, there are lots of online sites that will offer to provide you with the loan
you want – and guess what.... They will require that you supply them with sensitive information
such as your Social Security Number (SSN) among other information. Now to avoid falling victim
to the identity theft vultures out there, I strongly suggest that you research the credibility of any site
before you give out your information. Apart from the Google / 'fraud ' test, you can utilize the
services of sites such as ranking.com, and enter the URL of the site in question, and

Mastering The Signup Bonus : How Many Credit Cards Are Too...
Mastering the Signup Bonus: How Many Credit Cards are Too Many
Yes, it is true that there are people who sign up for a bunch of different credit cards so they may earn
a bunch of rewards and bonuses. Frankly, I cannot recommend it, especially for anybody that doesn't
have an almost robotic control over their financial trigger finger because it is very easy to get into
worlds of debt and ruin your credit rating as a result.
Does Applying For Credit Does Affect Your Credit Score?
When you read about people who have seven or more credit card cards, you have to imagine that at
some point that person had a brilliant credit rating that he or she has probably ran into the ground––
and you would probably be right.
The seven or more cards didn't appear overnight. The cardholder probably had to apply for the cards
over a series of months and years. A few new enquiries about credit are not bad for your credit
reputation, but too many enquiries and too many applications will start to hurt your credit rating.
Soft Search And Hard Search
Since credit information is so freely and easily available these days, it is possible for many
companies to run soft searches. You see such things when you use comparison sites for loans, credit
cards and insurance. The company takes an overview of your credit rating and history without doing
a detailed search. A soft search doesn't appear on your credit rating and therefore doesn't affect your
credit rating. A hard search, which is a detailed

Having No Credit History?
Having no credit history is almost as bad as having a poor credit history (almost). At least if you
have a poor credit rating, then creditors have an idea of just how unreliable you are, but if you have
no credit rating, they know nothing about you. You could be the world's biggest flake and debt
scammer. In most cases, students have no credit history, so why bother running a credit check on
them when they apply for a student loan?
If you are overly worried about your lack of a credit history and you are worried about credit checks
when you apply for a student loan...then don't worry so much. You should protect your credit rating
at all costs, even if it means staying away from debt all together. Nevertheless, many students do not
need a good credit rating to get a student loan.
H3 No Credit Check Federal Loans
There are federal grants, there are federal scholarships, there are private scholarships, private loans,
and the U.S. Federal Government program called "Direct Student Loans." For a federal loan, you do
not need a good credit rating because the money comes directly from the US taxpayer.
H3 Are Federal Student Loans Good Or Bad For US Tax Payers?
In theory, they are a fantastic idea. In theory, a student gets a loan, the student graduates, gets a great
job, and pays the loan back with interest. In that scenario, everybody wins. The student gets a
qualification and a good job, and the taxpayers see a return on their investment through the interest
that the student

The American Public Education System Essay
Think Outside The Box Tired of the same old routine? Too much pressure is being put on high
school students; some students do not even know how to cope with it. The way that the American
public education system has planned to make these individuals succeed is really not how it should
be. Students are being taught information that will not be as useful once they become adults.
Students should be able to receive the knowledge they need in order to succeed in life. Students
need an opportunity to be open–minded. There are many different goals that can be achieved to
prepare these students for the real world. In order to be successful in life students should be taught
in high school topics concerning health care, personal finance, learning from failure, credit cards,
relationships, finding a job, self defense, and many more, but these should be some of the top ones.
Students should at least have an idea of how to do each and one of these topics. Some students don't
have that family support to teach them how to do any of these things, when other students may have
all the support. During this time students should be motivated to move on and prepare for adult
hood, instead they are brought down with information that will not be useful. For instance, history,
yes its nice to know about American history, but when are we really going to put it to use? One
reason would be if we were planning on having a career in history. School should be fun and
interesting, where students can learn

Home Ownership And The Foreclosure Crisis
Many families lost their homes to foreclosure during the recent economic downturn in the US
economy. These former homeowners became renters as the national home ownership rate dropped.
Many families felt that home ownership would remain out of their reach due to previous foreclosure
history. In addition, losing your home and transitioning to renting is tough on your psyche.
However, as rental rates continue to increase and the economy recovers these same families now see
possibilities of home ownership again. The housing market has characterized the buyers as
"Boomerang Buyers".Approximately 5 million people lost their homes to foreclosure or short sale
and become potential boomerang buyers. Quietly, by buying homes again, these buyers ... Show
more content on Helpwriting.net ...
For example, the landlord and tenant may agree that $1,500 in monthly rent is appropriate, and
$200.00 per month in additional rent credits will go towards an eventual down payment for the
home. In this example, the tenant will pay a total of $1,700 per month. The option fee and rent
credits are almost always non–refundable, and will go towards the down payment at the end of the
term.
There are many benefits to the Rent–to–Own option, including living in and taking care of the home
prior to purchase. While paying each month toward the lease purchase, the buyer can continue to
improve credit history and begin to build equity in the home. The Rent–to–Own option is a great
way to get into a specific neighborhood with the opportunity to purchase the home without the
penalty of a large down payment or previous bad credit history. If the buyer has recently regained
employment this option allows further building of employment history. While there
aredisadvantages to every option, specific, and clear communication can resolve many issues up
front. The major consideration in the Rent–to–Own option is the loss of rent credits and the option
fee toward the purchase if the tenant determines that the home is not what they wanted. In addition,
if the market changes and the fixed price of the home is higher than the market demand the tenant is
contractually obligated to the agreed upon price. So as a

Closed End Credit Research Paper
The general two credits usually discussed are open end and closed end credit. Both have their
benefits and their down factors, however they are both unique in their own ways and focused very
differently based on a person's needs. Open end credit is a practically a like receiving free chips that
if you use you are required to way back in full by the end of the month or get interested on it. After
the monthly repayment for the chips is made your credit resets you get all your chips back and you
can redo the process all over again. On the other hand closed end credit is like taking out one giant
loan for one it me that might be particularly to expensive to payoff in a month with the open end
credit, so it allows you more time and a monthly payment ... Show more content on Helpwriting.net
...
The benefit of an open credit would the ability to purchase whatever you want at the time being
even if you don't have that money at that very moment. Open credit is definitely vital in an
emergency situation where you might need instant cash that you don't, such as car running out of gas
and needing to order a tow truck. Open credit is also great for allowing you to learn how self
discipline especially with only purchasing things you absolutely necessitate and every few often a
luxury item. However, if the credit card holder isn't responsible enough to stop themselves from
buying that new video game with all the new fancy accessories that come with, then result in a huge
bill to pay at the end of the month without thinking through where they would get the money from.
Will result in drastic implications and major debt. The debt will continue piling on because of the
interest for not being able to pay it by the end of the month. Overall one big mistake is basically a
domino effect fow how badly miss using a credit card could impact your life. The downfall of
closed end credit is the interest could go up at any given time depending on the plan that was

History Of Modern Day Credit Cards
The History of Modern Day Credit Cards Although credit cards were fist introduced in the early
1900 's, they have continued to evolve and shape the way we as a society buy and pay for items. The
introduction of the credit card has completely changed the way we make purchases, large and small.
Making a large purchase used to mean that the consumer had to save money and pay for the entire
transaction at once, but we can now purchase these items with a credit card. Buying items with a
credit card means the merchant we buy from gets payment in full immediately, but the buyer can
make monthly payments to the credit card company to gradually pay for the purchase. Credit cards
had a humble beginning dating back to the 1900 's. The cards were first used by banks and
department stores, so that customers could charge their purchases at these locations. The drawback,
however, was that the customers could only use the cards at the issuing location and they could not
be used elsewhere. Credit cards were also implemented by oil companies for their employees. In his
article published for the Philadelphia Federal Reserve, Stan Sienkiewicz states that "such cards were
accepted only at the business that issued the card and in limited locations. While modern credit cards
are mainly used for convenience, these predecessor cards were developed as a means of creating
customer loyalty and improving customer service." According to MasterCard 's article, "Banker
John Biggins introduced the

Finding A Good Home Loan Calculator Essay
Most home improvement projects tend to stretch the wallets of the average homeowner, and so
whether you are hiring a contractor or doing it yourself, you will need to use a home loan calculator
to calculate the amount of a home improvement loan you will most likely need for your project.
There are many online home loan calculators out there to help you estimate the cost of your project.
Knowing how much the project will cost is only the first step, however, as home improvement
projects have become big hits with lending institutions, due to the fact that most home improvement
projects are too expensive to undertake all at once. Finding a good home loan calculator online will
help you get an idea of what type of loan you might need, as well as researching different choices
out there. You should always do good research on your project as well as the deals available to
ensure you are getting the best offer. Working with a free home loan calculator online is a must
before working with a lending institution. Before working with a home loan calculator, you should
have readily available your credit score, the cost of your project, and the approximate value of your
home 's equity, as well as paycheck statements. If you have already selected a contractor, it is best to
have the contractor 's information ready as well. Even if you do not have all of these items, you
should still be able to make use of the home loan calculator well enough. Once you have entered in
the data, you will

Fair Credit Reporting Act And Credit History
Fair Credit Reporting Act/Credit History
The Fair Credit Reporting Act was established in 1970. This act is in accordance on how a credit
agency reports credit information. The Fair Credit Reporting Act serves to protect the privacy and
integrity of clients. It allows individuals to adjust any inaccurate information in a credit report and
provides a solution if a credit agency violates your rights. According to the Privacy Rights
Clearinghouse (2014), "anyone with a "legitimate business need" can gain access to your credit
history." (2014). The businesses that have access to your credit report include, landlords, insurance
companies, employers, Government agencies, child support agencies. Having a credit report on file
is ... Show more content on Helpwriting.net ...
This information helps determine if the tenant is likely to pay their bills on time. Finding a job is an
advantage to having a good credit record. Employers have the option to look at an applicant's credit
history to decide whether or not that person is reliable. If an employment agency is checking a credit
report they usually check it for fraudulent activity. Other company's check for derogatory
information. If those types of things are found then the applicant may have some explaining to do.
Not every job looks at credit history. However, some jobs do such as, accounting, finance, or a high
ranking position in a company. A person with good credit history shows if this person is responsible
and if that person is able to be trusted with their finances. On the other hand, there are certain
drawbacks of having a credit record on file. Some offenses to a credit record are minor and others
are major. Bankruptcy is a case where a consumer is unable to pay outstanding debts. According to
Investopedia (2001), "Upon the successful completion of bankruptcy proceedings, the debtor is
relieved of the debt obligations incurred prior to filing for bankruptcy" (2001). After the proceedings
the individual is given another chance to pay off the debt. Bankruptcy is on file for ten years. During
this time, the person or business responsible may struggle with the loss of property. Moreover, other
losses may persist that include, loss of income, poor credit score,

How For Start A Home Based Business
In this discussion, we are going to focus on issues pertaining to how to start a home–based business.
Many of the most successful businesses were actually started it in someone 's home. We 're all
familiar with the many fables and legends of individual starting multi–billion dollar enterprises in
their basements and garages and certainly you can develop a highly successful business that is based
from home. Of course, only a small and almost infinitely small fraction of the use of home–based
businesses will become as successful as the next Microsoft were Facebook, however, you can
develop a secondary income for yourself to the development of a home based business. In fact, over
time, your home–based business may become your full–time job. When you are starting a home–
based business, the most important thing to do is to first determine what type of business at you
ultimately seeking to start. Many people, with the advent of the Internet, have taken the starting
small e–commerce businesses were small blogs are able to generate a modest amount of income on
a monthly basis. As such, we fully recommend that you harness the power the Internet when you are
starting your home–based business. However, not all home–based businesses need to be based on
the Internet or have a nationwide presence. For instance, if you are very good with numbers and
have a strong background in bookkeeping, then it is very common for you to open up a part–time
bookkeeping practice that is based solely out

Market Transparency and Consumer Choice for Housing Essay
Since 2006, the number of foreclosures in the housing market has sparked dramatically. This is due
to the fact that banks have given out subprime mortgages or interest–only loans to consumers
regardless of their credit score. One of the main reasons why banks did not care about consumers'
credit history is because they resold the loans as mortgage–backed securities. This caused the loans
to fall into the hands of credit rating companies that rated the loans too positive; thus, these assets
were expanded and helped lead to the foreclosure crisis without hurting the banks directly. The goal
was that banks lustily sought the big payoff that these mortgages could provide. The mortgages and
loans let low–income consumers pay only a low rate of ... Show more content on Helpwriting.net ...
So far, as a result, foreclosures are decreasing and the mortgages are becoming more affordable, but
job creation and transparency in the market has not occurred, so the crisis continues.
Fortunately, job creation is projected to increase by this spring due to the passing of the American
Recovery and Reinvestment Act dubbed the economic stimulus to pull us out of the recession and
create jobs; therefore, new job growth will help citizens pay their mortgages and lower foreclosure
even more. Despite all of these laws, there still remains one vital part to ensure the stability of our
financial system: transparency. Congress has proposed a financial overhaul bill that would enforce
new rules and regulation to the industry, but the downfall of it is that it would hinder needed
economic growth in a time of feeble recovery. So I propose creating an internet portal administered
by the Department of Housing and Urban Development. The government would then require banks
to put the address on the top of every loan application to ensure consumer awareness of the address.
The portal or website would allow consumers to create a profile and input a basic credit history. The
employees at the Department of Housing and Urban Development would then perform calculations
about the type of loan, the ability to refinance and buy a home, the risk factor for different types of
loans, the outcome of the housing market in the future, and a background check on every bank in

Debt Management : Financial Management
Debt Management Information
According to Bankrate.com, no matter the cause of your debt, you learn to live on a budget day by
day. Another way to descried debt management is that it is a unique strategy developed to help a
debtor manage their debt. Debt management is a wonderful thing because there are professional
people who actually help others control their money to help them stay out of debt. This strategy is
usually developed or implemented by an organization or company on the behalf of the debtor. That
is because the debtor is unable to sufficiently manage their debt on their own, because they're either
overwhelmed by the amount of debt or because of the lack of knowledge.
When the professionals help their customers budget their ... Show more content on Helpwriting.net
...
If you cannot meet your monthly payments, your creditors record all of your credit history, which
may lower your credit score. Also, it can decrease your ability to find a new loan or even take out
new credit cards and it increase your interest rate. If your credit gets to become that low, you should
seek help. If you are an independent individual or a do it yourself individual, you can create your
own debt management plan by prioritizing necessary expenses such as mortgage, rent, utilities and
food.
Another way how you can handle debt is with credit counseling. Credit counseling is a process that
involves offering education to consumers about how to avoid incurring debts that can not be repaid
through establishing an debt management budget or plan (Miranda, 2012). "Reputable credit
counselors can help you create a money management plan and a debt pay down plan, as well as
provide free resources and workshops related to money management"(Miranda, 2012). If you find a
trustworthy credit counselor and commit yourself to the process, credit counseling can be a very
positive experience. As long as you are open and honest about your credit, the counselor can help
you in a more beneficial way
People get into debt by many different reasons. According to Bankrate, the top ten reasons to get
into debt is by reduced income/same expenses, divorce, poor money management,
underemployment, medical expenses, saving to little or not at

Business Btec Level 3 Unit 001
001 first off, when registering please register with your character's first and last name in all proper
letters. if you make a mistake just notify an admin and we'll get that fixed up for you as soon as
possible. 002 once you're registered and you've read through everything you need, you will find the
application in the registration forum and complete it as you wish. make sure to follow rules though,
of course. please, no posting in the face claim until you're accepted. 003 regarding graphics, make
sure you don't exceed 500x500 for signatures. otherwise, it just gets too big and bulky and doesn't
look good. for your avatar, it's only 200x300, but will automatically resize down if larger. remember
to have no nudity or anything of that sort of nature in them too, it can upset some people. that also
goes for graphics in posts, which you shouldn't stretch if you can help it. 004 ... Show more content
on Helpwriting.net ...
The content allowed in your threads is basically unlimited. We allow violence, language, whatever
though sex is something we like to be careful of so we don't get in trouble. 005 when it comes to
activity, we ask that you do try and have threads going. if your muse is gone or you're just having an
off day, it can be easy just to start an im or cellphones, but please remember to actually thread out
something too. we will have regular activity checks every other month, so be careful to watch out
for them. but of course, they will be noted days in advance and we ask that you put up an absence
note, if you will be away. 006 the last rule we have is fun. fun and respect. if you need a question
answered or anything, feel free to contact an admin and we'll try and get you on your way. thanks
for joining us here at Chaos

Credit Card Is A Problem For College Students
Credit card is a major problem for college students in the US because it can easily get out of control.
When a student gets himself into trouble with a credit card because of huge debts it becomes harder
to pay off all the amount of money you owe to the bank. For example if someone get $5,000 of
debts and the credit card carry an average rate of 18% percent and this person only makes the
monthly minimum payment of $100, it would take 8 years and cost nearly $10,000 to pay the card
off. Many students find the lure to buy now and pay later tempting very tempting but it's a bad
approach if you want to successfully manage your credit card. There's a lot of dangers lurking
behind that kind of mentality. College students should be careful with credit cards because it is easy
to get into debts that can last a long time, furthermore college students who have been informed
about credit card management should be able to handle one.
It is really risky for college students to have credit cards and it is really easy for students to obtain
one which makes a risky combination. Credit card companies will target college students because as
students grow and their income become larger, they will become great customers. Even though
credit card companies know that many students with little to no credit history would not be able to
get a card they make them their target anyway because they realize their potential to make money.
Many students lack of financial experience or education leads to

Social And Economic Causes And Disadvantages Of Homelessness
As of 2015, about 567,708 people experienced homelessness on a single night (National Alliance to
End Homelessness, n.d.). My interest to research the information needs of this user group arose
because this is a group in society that is sometimes overlooked and underrepresented. Additionally, I
felt like the social and economic factors of this group is unique and the accessibility or barriers to
information can heavily impact the economic mobility of people in this user group. In the article,
Are the economically poor information poor? Does the digital divide affect the homeless and access
to information? Author Julie Hersberger analyzes the information needs of those who are homeless,
their information seeking behavior, their sources of information, and how useful the Internet is as a
means to gain useful information. However, before examining these key points it's important to
understand the causes of homelessness because it can give an insight on the types of information this
user group would need. Hersberger states that there are several, if not many causes of homelessness.
Some of these causes include lack of affordable housing, poverty, unemployment, domestic
violence, mental illness, high costing health care, and addiction (Hersberger, 2003). To gather data
that would give insight into the information needs, information seeking behavior, information
sources, and the usefulness of the Internet as a tool to gain information, the author conducted a
qualitative

Alternative Financing Options For Startups
Running a startup can be a thrilling experience, but finding capital can be a challenge. Many startup
businesses reach out to friends, family, angel investors and crowdfunding to start their business.
While these techniques can work, it is also possible to get loans for startups. This option can help
the business to build credit and obtain immediate funding when it needs it. Whether you are looking
for loans for startups or are considering alternative financing options, these techniques can help.
Funding Your Company With Credit Cards
The average annual interest rate for a credit card is 16 percent, so using a credit card to borrow
money can be costly. Despite the costs, research by the National Small Business Association showed
that 37 ... Show more content on Helpwriting.net ...
Using your personal credit cards for business can hurt your credit score and leave you unprotected if
the business fails. Even when you are able to use credit cards correctly, the credit card companies
can randomly lower your credit limit. If this happen, it removes potential funds from your business
and can hurt your credit score.
If you have decided to use a credit card to fund your startup business, begin to work on getting a
better credit score. Most card companies require you to have a score of 660 or higher to qualify. At
the very least, a higher score will enable you to get a lower interest rate. Since you do not want to
use your personal income for the business, apply for business credit cards. Over time, the business
will begin to develop its own credit rating that is entirely separate from your score. You should also
start to expand the amount of credit available to you. Use a portion of the credit cards for the
business so that the credit card companies do not remove some or all of your available credit.
Ask Friends and Family Members for a Loan
The cost of a family loan depends entirely on your friends and family. While some family members
will refuse to accept interest payments, loans generally have a 0.38 to 1.85 percent interest rate. You
can take their money as a loan or sell them a share of the business. Normally, it is better to take the
money as a loan since most people are not sophisticated investors. When someone is given

Personal Narrative: Life Without Debt
Many of the Americans in today's world believe that life is not life without debt. In order to buy big
ticket items or have vacations requires you to get migraines the next day thinking about the debt you
have just created. I am here to tell you that it is simply false way to think of money. I am here to tell
you to go out and have fun, go buy a 60 inch flat screen, go to Europe. But I am telling you to do it
responsibly and with debt free burden. To live free willed with your money. Do not follow the
average American even if they look wealthy. Because the truth is the average American IS broke.
Living barely paycheck to paycheck and paying debt off for almost every big ticket item they own.
But how are you to live without a credit card? ... Show more content on Helpwriting.net ...
Stay away from the lottery it is nothing but a scam and a taxation on the poor and people who
cannot do math. Second. Never, ever, own a credit card. They just have dumb interest rates that
swallow and hurt your paycheck in the long run. Follow these two rules as well as listen to the Dave
Ramsey Show on the radio and you are on your way to debt free and wealth building my

Visa Porter's Five Forces
1. The research I did on the company Visa was the historical background of the company. I also
looked into the industry and how Visa deals with outside forces. I used Porters Five Forces to look at
the industry. I examined how the industry has high rivalry, along with a lot of substitutes to the
services offered by major providers. It's hard to enter the credit card industry due to the high capital
requirements. When going international you need to understand other countries have different styles
of payments already put in place. Banks, Credit Unions, and Retail stores play a role when deciding
which cards to use.
2. The part I found most interesting is that Visa has a huge market share around the world. I would
think a company like American

The Market For Purchasing And Selling Houses Collapsed
In 2008, the market for purchasing and selling houses collapsed. Previous to 2008, speaking
specifically between 2000 to 2006, many housing loan companies were offering a low interest rates,
which lead to many lenders approving loan applications to individuals who had low or poor credit.
When the collapse began, the once–low interest rates increased dramatically, causing many of those
individuals were unable to keep up with their payments, which resulted in the foreclosure of their
homes. To the extent of this dilemma, many banks went bankrupt, which lead to a number of Wall
Street firms in taking a loss.
It seems unethical for lenders to approve a Subprime loan, or a high–interest loan issued to
individuals that have poor credit score. It is to be understood that the lender will initiate a higher
interest rate to those individual(s) to protect the lender themselves in the event that a nonpayment
may occur. How does that affect the individual(s)? How is it feasible for a lender to charge high
interest rates to a person with low credit score?
This affects the person(s) that were approved immensely. There are many different types of
homebuyers and there are many reasons for individuals to have low credit scores. For the sake of
this essay, the focus will be on lower income individuals that are "money–smart", who could not
build credit due to the fact that they have never been able to take out a serious loan.
The silver lining for the lenders is that no matter how low the

Personal Finance Essay
Free Personal Finance That can change your life. Personal Capital Person capital is one of my
favorite tools to keep track of all my accounts. Its able to track your 401k and investments you own.
This website is targeted more towards the investestor. If your main concern is your net worth, then
this is the tool for you. Out the 2 free finance software, I enjoy using personal capital the most.
Favorite Features of Personal Capital Retirement Planner. I use this tool often ensure I'm on track to
retire. Sometimes I enjoy playing with the numbers and years to see how fast and how much money
I need to put away to retire sooner. With this feature you can plug in life changes like changing of
jobs, illness, having children, and saving for ... Show more content on Helpwriting.net ...
You don't even need a credit card to use this service. This nice bonus is great to have if your
personal bank doesn't provide this kind of service. The service also shows ways of improving your
score. Mint Bills. Since you can connect to all of your accounts, you can add any and all bills you
have, such as credit cards and loans. The great part is that, it will alert you when upcoming bills are
due. You can bill your bills with your bank account or credit card right on the site. Weather your on
your phone or computer, you can pay your bills remotely. Dislikes: Ad's and Marketing: Nothing in
life is ever totally free. Mint has to make their money somewhere, and they do that by recommend
products and services. Most of these services is to help save money or reduce debt. Mint might
make recommendations for services from their partners such as Fidelity and Chase. Robinhood
Robinghood is a free–trading app that allows investors to buy stocks and ETFs without paying
commissions or few. Robinhood offers real–time market data but little in the way of research or
tools. This app is only available for phones, no desktop or web version. If you ever thought of
investing and wanting to try, why not try something that is free and will not cost you a dime to get
started. I will go into more depth about investing in future post. Why I like Robinhood No
commissions You know I love free! Robinhood is the only app I know of that allows this kind of

Financial Literacy
For a majority of young adults, college is the beginning of financial independence. It leads to a
greater responsibility for students to make sound financial decisions. Young adults are faced with
many new financial challenges that require a high level of responsibility (Lyons et. al, 2006). Once
at college, many students are confronted with financial challenges such as: paying rent, writing
checks, and taking out loans for the first time.
If used responsibly, credit cards can work in favor of students. They can establish a credit history
and practice good financial habits. A study completed by Cliff Robb in 2011 examined the
relationship between financial knowledge and credit card behavior of college students.
Approximately 80% of college ... Show more content on Helpwriting.net ...
Lyons et al. (2006) determined that the majority of college students (76.7%) indicated that they had
gone to their parents for financial information. A study completed in 2010 by Bryce Jorgensen and
Jyoti Slava tested the perceived parental influence on the education of the financial literacy of
college students. This study found that parental income had a significant influence on the perceived
parental influence of financial knowledge on students (Jorgensen and Savla, 2010). Parents earning
higher incomes had their children perceive a greater amount of influence that they had on their
financial literacy, and the more positive that their children's financial attitudes and behaviors tended
to be (Jorgensen and Savla, 2010).The study also indicated that students who reported learning
about finance explicitly from their parents had better financial attitudes and behaviors, yet lower
financial knowledge than students who reported learning only implicitly about finances from their
parents (Jorgensen and Savla, 2010). These findings were attributed to the fact that parents with
higher incomes have a greater number of opportunities to interact with their children in a diverse
financial transactions than parents with lower incomes, such as buying a car or renting a college
apartment. (Jorgensen and Savla, 2010). A separate study showed that high school and college
students who observed their parents in financial experiences, such as observing the saving habits of
their parents, had a greater amount of financial investment knowledge and savings (Peng et al.

Personal Narrative: How I Started Repairing My Credit
How I Started Repairing My Credit
By Monique Blair
I grew up in a household where personal finances and building good credit was not the main topic of
discussion at the dinner table. I was well over 21 years of age when I really started learning anything
about credit and how to use my credit score to my advantage. To be honest, my first real encounter
with being taught about personal finances and credit came from attending a network marketing
meeting. Even though I was invited because of a business opportunity, I learned so much listening to
this guy talk about regaining your wealth through your own personal finances. Needless to say as
most in their early twenties, I thought I had it all figured out and I wasn't about to join a multi–level
... Show more content on Helpwriting.net ...
You may be thinking what does your income tax has to do with rebuilding your credit. Well income
tax has a lot to do with it for individuals who cannot find the extra income to pay off debt. I was
giving too much money away in taxes and I needed to have that money in my pocket for paying off
debts. Before I adjusted my withholdings, I was paying over $375 in taxes per month. At the end of
the year, that's around $4500 dollars annually I was given away. I bet many people don't even know
that the Internal Revenue Service informs us on the W–4 Certificate to fill the form out correctly to
insure that we are allowing the correct amount of taxes to be taken out of our paycheck (Perez,
William). Actually the IRS states this right at the top of the W–4 form and they instruct you to
considering completing a new form each year and when your financial situation changes.
When I correctly filled out my tax papers I immediately saw a $375 dollar increase in my pay. Now
this money wasn't for me to blow and mismanage. I had to start applying that money towards loans
and other debts I accumulated. Instead of letting the IRS hold my $4500 until the end of the year, I
needed that money in my pocket now to help rebuild my credit. As I started applying the extra
money to start eliminating debt and student loans, I saw a huge jump in my credit

Auto Loan With Bad Credit
Refinance Auto Loan with Bad Credit
Description: This piece of article is going to reveal a number of very important facts on refinancing
automobile loan with awful credit
In case you must refinance auto loan with bad credit as a result of economic hardship and are
troubled that you will have difficulty finding a lender who would be ready to work with you do not
need to be concerned. This is because there are ample people whose situation is similar to yours.
The fact is that the number of end users handling bad / no credit in any way has increased noticeably
over the course of the past small number of years as a result of meager economic conditions. There
are also more lenders who are ready to work with those having credit issues.
Refinancing – is Right for You?
Ahead of commencing your hunt for a lender who is eager on working with somebody having bad
credit, you must first decide whether refinancing is sensible or not. It does not seem sensible if you
can acquire a lesser interest rate on the new loan of yours. It is also sensible if your eventual goal is
to merely get a lesser monthly imbursement.
Refinance auto loan with bad credit is not sensible if it so happens that the new loan leads to greater
interest costs. All being said and done it basically boils down on what you as a borrower are happy
with. If you're okay with paying additional interest over the longer run to be able to get a lesser
monthly payment that you're happier with, refinance option does make sense.

Identity Theft: All Types Of Crime
Identity Theft Technology has really changed the ways of paying, we can easily buy something
online by clicking one bottom of our smartphone, or purchasing a car by swiping our credit card. In
another word, modern day financial and identical information are just bunch numbers and letters
stored in the digital world. Unlike our unique appearances or finger prints, the numerical
information such as our password, credit card numbers and social security numbers can be used for
financial gain by some criminals, the identity theft. The United States Department of Justice defines
Identity theft as "all types of crime in which someone wrongfully obtains and uses another person's
personal data in some way that involves fraud or deception, ... Show more content on
Helpwriting.net ...
According to HowStuffWorks.com, one of the easiest ways for identity theft to obtain our credit
card information is to get a copy of our credit card receipt. Because many of these receipts have our
credit card number, and if we've signed them, our signature and credit card number are right there
for someone to copy. Similarly, our personal information can be found in many places, such as our
account statements, hospital records, online account, in addition, our mailing address, date of birth
can be easily looked up online. If we don't properly keep and destroy those papers, our personal
information can be leaked to identity thefts' hands. Those criminals can use all the information to
make purchases online. Furthermore, if somehow they find out our social security number, they can
open new bank accounts, lease cars or get loans by using our

Bad Credit History
Well, people think that if they have a bad credit history, then they are doomed for life. It might not
always be the case. Statistics say that almost 25% percent of American adults have bad credit and
yet they still get auto loans, although the interest rates might be higher than those who have great
credit scores. The question remains how? Well, if they can, so can you. All you'll have to do is look
around and find an auto loan provider. You can use any auto loan finder and you'll surely get a
number of auto loan providers that will be happy to provide you a loan.
Borrowers with good credit get around 4% – 5% interest rate so you might be able to get an average
of 10% – 13% but that will entirely depend on your credit scores.The lenders have ... Show more
content on Helpwriting.net ...
If someone says your credit is bad, don't give up on acquiring a loan from the bank. Calculate your
own scores or better yet, just contact the bank and get help from the professionals. The scores might
not have been good to get you that mortgage, but the circumstances were different in that situation.
Here, the investor can easily confiscate your car in case of default. That's why your bad credit
history might not even matter that much.
You can look at options other than the bank
Opt for Credit Unions or car–finance lenders. These small ventures might be able to help you more
than a bank and the additional perk is that the interest rate will be lower.
Pay attention to the loan terms
And consider what role they might play in your life. Of course, you'll have to change your lifestyle
if you want to come up with the payments on time. Reflect if you are ready to do that or not. Look
for a loan that must be paid in the shortest possible time, since longer credit life would also mean
higher interest rates. So if your only way of repaying the debt is to take a long–term loan; then this,
most probably, is not the right time to buy a car.
See to it that the contract only contains essential services
You are more likely to encounter loans with added charges that will only add more to your pocket.
So be wary of such things and don't allow any loan to attach any

Key Purpose Behind The Dobb- Frank Act
Very often than not there are regulations implemented as a means to dissolve an issue that needs to
be resolved as soon as possible and is implemented immediately. However these needed resolutions
end up affecting the little man such as community banks.
The main purpose behind the Dobb– Frank act was to lend a hand to consumers and make the
market more financially stable. The majority of commercial banks are in fact community banks and
tend to serve in suburban, and rural communities. A huge difference between the larger banks in a
metropolitan area and a community bank is the way they make decisions on the customer that come
in to obtain a loan. Community banks use a means of relationship banking, which is when the
representative of the bank attempt to meet the needs of the customer by attempting to find a means
to meet these needs. Finding the best means through financial services with the customer and
working with them builds a relationship that might even be for a long term. Larger banks in a
metropolitan area are more likely to impose a less relationship minded means of dealing with their
customers. More than likely they'll turn to transactional banking. Transactional banks has no input
from customers and relies on the facts about the customer's history information, such as credit
scores. This type of banking is very affective when dealing with customer's on a wider scale,
because this serves as a cheaper option for a wider scale customer base. While this is great

Advocating For Simpler Money Management : Alliteration Of...
Advocating for simpler money management: Alliteration of Economic Trends that Everyone has
Been Told and Many have Forgot The candles were on the birthday cake for Joe Brown, and his
family stood all around. With slow and steady diligence, Mr. Brown blows out the candles shaped in
the number 47. At this point in his life Mr. Brown had fathered two children and worked the mail
route for the past 15 years. However, his wish that year was for financial stability, not to receive a
fancy car nor an extravagant getaway. In the coming month he would retire, and worried how he
would support himself. Mr. Brown is not alone in his fear, but what can he do to feel more secure
about his future? The two aspects of saving money which are the most ... Show more content on
Helpwriting.net ...
Not only for those seeking to retire, the business motivated economy has transfigured how one must
live in order to live comfortably. Building credit through credit cards is often perceived to be the
only way in order for a buyer to appear credible. Yet in the quest for the optimal credit score people
enter into debt. Considering and evaluating the risks and benefits to credit cards may contribute to
opinions towards those flimsy pieces of plastic. In regard to saving money, I have found that one of
the simplest deals by taking back control over the credit card companies. Faster than expected,
credit card debt accumulates quickly. Each purchase on a credit card is not limited to the price on
the sales tag, when the entire purchase price is unpaid on the subsequent bill. Be realistic with your
purchases. When living on a cash budget, discuss how much " money is 'available' " for spending as
well as how often that amount is withdrawn (Do You Know Where Your Money Is). Avoid signing
up for another credit cards when contemplating how to handle expenses. While it may appear that
paying off one credit card with another would make it more manageable, it is only compounding the
problem. In order to determine spending allowance to pay off debt, I recommend to construct an
excel document of the expenses for each month. In the same way college students struggle with the
same problems as those in their 40s. On college campuses,

Affordable Auto Insurance Case Study
Affordable Auto Insurance With a Decent FICO score
A great many people know they have a buyer FICO assessment, however few acknowledge there is
a comparative positioning utilized via auto and property insurance organizations to rate a client's
potential risk and it is critical to getting affordable auto insurance.
Approaches to get affordable auto insurance
Fittingly, this is called an insurance score, yet it considers more than exactly how immediately you
pay your bills. It additionally consolidates information, for example, what number of cases you've
made on past approaches, how every now and again and that they've been so excessive to past safety
net providers.
This score dramatically affects the expense of your auto and property insurance premiums. As
indicated, president and organizer of the Insurance Data ... Show more content on Helpwriting.net ...
"That gathering . . . can bring about more claims or all the more immoderate cases, or both." this is
unique in relation to a FICO assessment in light of the way in which data is utilized. "Insurance
organizations needn't bother with all the data that is in a FICO assessment. The backup plan just
brings data that connects with what it needs to decide. They're hoping to augment the connections
between's credit data and misfortune data. In the event that [people] have a tendency to be fiscally
capable, they have a tendency to not be neglectful behind a wheel, they have a tendency to keep up
their homes, things like that."
Maybe the most fascinating thing about affordable auto insurance scores (and the most vexing) is
that you can't transform them–in any event, not in the transient in light of the fact that your
positioning elements in total data over a time of years. Additionally, you can't discover what your
score is on the grounds that every organization considers the technique by which it positioned you to
be

Personal Interview : An Interview To Interview With My...
When I got this assignment I figured it would be quite easy and it would take no time to complete.
As I began to think about which family member I was going to choose for this interview, I ran into a
problem. I realized that most of my immediate family members have terrible money management
skills and their advice might not be the best. My parents never went to college and have terrible
credit scores because of their lack of education in personal finance. Neither my mother's parents, nor
my father's parents attended college and lack money management skills as well. Being that this
assignment is based around financial advice for the future, I wanted to interview someone with a
good understanding of personal finance. I decided that interviewing my godfather would be the right
way to go. His name is Matt Jongebloed and he is from Long Island, New York. He has been friends
with my parents for many years and was always around when I was a kid. He was a student at
Hofstra University and studied political science. His parents are both college educated and own a
law firm together up north. Although Matt is not directly related to me, I value his advice and
consider him part of my family. Matt has a very appealing personality, and he is easy to talk to once
you get past his New York accent. He jokes about everything and can find humor in situations that
most people cannot. When I asked him if I could interview him for this paper he seemed excited and
eager to offer his

Dual Credit American History Research Paper
Looking back at Dual–Credit American history, it was the research papers that saved my grade.
Learning from my mistakes I discovered that self–sufficiency was not the only attribute that I would
require for Dual–Credit American History. I had made it through every class before putting in the
work by myself or in small groups. Rarely ever taking advantage of additional help form the teacher.
My work that I did on my own was sufficient, why would I need additional help? It was with the
first test on the second day of testing that I realized this would have to change.
In class we had already did our study guides for the multiple choice and reviewed what to write for
the essay topics. I was about equally prepared for them both. The second test day was essay test day
we had 45 minutes to fully answer the questions. Mrs. Baylous announced that the chosen essay was
"Number 2," which was, "Is Christopher Columbus a hero or a villain?" along with several other
sub–questions. Many in the room exclaimed their joy at this, or stated their disappointment with
sighs or groans. I franticly wrote down a meager plan of what to write about, then I just went into ...
Show more content on Helpwriting.net ...
These extensive papers was what helped focus my writing ability to form a better end result. The
practice proved necessary in composing a quick but impactful on demand essay. The grade I desired
first semester was not accomplished, but that inspired me to strive to do even better the second
semester. What I did to make my second research paper great, would have to be replicated even
more, with some refinement. Maybe my grade was better because I knew the material more
thoroughly. It could've been a possibility that I took better notes. Maybe it was just more consistent
good grades. It might have even been I a better writer under the pressure of a time

Credit History Essay
Credit history is a record of a borrower 's responsible repayment of debts. When an American
customer fills
out an application for credit from a bank, credit card company, or a store, there information is
forwarded to a credit bureau. These organizations match the name, address, and other identifying
information on the credit applicant with
information found in the files of the credit bureaus. The gathered records are then used by lenders to
determine an individual 's credit worthiness–that is–determining an individual 's ability and track
record of repaying a debt. Lenders will extend credit to individuals who have paid consumer debt
obligations regularly and on time, while those
who missed payments are more likely to be declined.
How are credit scores, also known as FICO scores, calculated?
Payment history makes up 35% of the credit score/FICO score. A record of negative information can
lower a
consumer 's credit rating or score–negative events such as charge offs, collections, late payments,
repossessions, foreclosures, settlements, bankruptcies and judgments can affect the FICO score
greatly. Newer offenses have a greater affect than older offenses, and many is worse than a few.
Debt and debt history makes up 30% of the FICO score.
Three types of debt, revolving debt, installment debt, and open debt all contribute to an individual 's
credit score. Revolving debt is credit card debt, and while home equity lines of credit have revolving
terms, the bulk of debt

Product And Price Of Business Essay
Product and Price
Elibah Bey
Kaplan University
Eli's beauty services is a business that will provide beauty and relaxation services to customers. The
services provided in my business will be in the form of hairstyles, massages, manicures, and
pedicures. In this paper, I will describe what the products and/or services of my business will be and
the pricing strategy involved. I will also describe the value proportion for each service provided in
comparison to the competition's price of provided products/services. In addition, I will explain my
business buying options and use of credit. Moreover, I will outline the credit terms I will use for
purchasing from supplier, my expectations, and reasoning for using this chose method.
Value Proposition and Offered Services
The value proposition for my business is that it "will bring a unique mode of relaxation",
beautifying, rejuvenating, and fulfillment to clients (Health Spa, 2015). My business will also help
the "community become a better place to live and work" (Health Spa, 2015). People will be able to
come to my business to relax and receive beauty services and hair treatment products and services in
the form of hairstyling, massage, manicures, and pedicures. My employed staff will make customers
comfortable, and happy, so that "they have the ability to work harder, concentrate better, feel
physically, emotionally, and mentally balanced, and give that happiness back into their homes,
workplaces, and community"

Extra Credit: The History Of Water Distribution In NYC
Jenna Said
25 October 2016
Pr. Zinszner
DNY
Extra Credit
The History of Water Distribution in NYC and its
Reference to Public Health In this day and age, it is very common for things to be handed over
without a struggle. With this, many necessities are taken for granted. New York is notorious for its
cheap and amazing water quality. The NYC drinking water supply system is currently the largest
high–quality unfiltered water supply in the United States. Although most people around the world,
but more specifically in NYC have clean and unlimited access to water, this was not always the
case. It took many years and extremely hard work for New York to have the clean running water it
has today. Water supply and sanitation have been a crucial issue since the birth of civilization. Over
the years and throughout civilization, many large cities have been plagued with the requirement of
water. The absence of clean water and proper sanitation ultimately leads to the downfall of society.
It causes people to get diseases, suffer from dehydration, live in filthy environments, and can even
lead to death. Water was very scarce for a long time in NYC, and the harsh impacts of this can be
seen throughout history. During the 17th century, it was not safe for people to drink water because it
was too filthy and contaminated. Fermented drinks, like alcohol or beer were common.
In the early years, Manhattan settlers would get water from shallow wells. The first public well,
Bowling Green was

Financial Literacy : Taking Responsibility For Our Future
Financial Literacy: Taking Responsibility for Our Future
Wouldn't it be nice if all Americans were more financially literate? We'd make better financial
decisions, have less debt, save more and be better prepared for retirement. We may even have
avoided much of our current economic plight by not getting as far into debt or by getting into
mortgages that we couldn't afford.
Sadly, the problem is that parents, the expected and trusted source of that learning often don't have
the skills to pass it on to their children. That's because they didn't learn from their parents. In fact, a
survey by the Networks Financial Institute found that less than 30 percent of American adults view
their financial knowledge as very good
(http://www.networksfinancialinstitute.org/thoughtleadership/publications/Pages/default.aspx). It
gets worse. Another study by Dartmouth Prof. Annamaria Lusardi
(http://www.dartmouth.edu/~alusardi/policy.html) found that only 18 percent of 1,700 adults in their
early 50s could correctly answer a question about compound interest. And another survey for found
that parents would rather talk to their kids about the birds and the bees rather than money
management (http://www.businesswire.com/portal/site/schwab/index.jsp?
ndmViewId=news_view&ndmConfigId=1010973&newsId=20080326005384&newsLang=en).
Money management has a lot to do with our personal value systems and sense of responsibility. And
teaching some of these concepts is more complicated than

The Secret History of the Credit Card Essay
The Secret History of the Credit Card
1. What is the main purpose of a usury law? Be specific.
The purpose of usury laws was to regulate the maximum interest rates of loans. This law was
created to protect borrowers from excessively high interest rates. It insured that lenders could not
put the borrower in a situation where they were not able to fully pay off their debt. However, as said
on investopedia.com, "In the United States, individual states are responsible for setting their own
usury laws." 2. Why did South Dakota decide to eliminate its cap on interest rates?
South Dakota use to have very strict laws on the amount a lender could charge a borrower. Interest
rate charges were highly regulated and because of this banks ... Show more content on
Helpwriting.net ...
Citibank brought in hundreds of white collar jobs. Citibank is now the largest employer in the entire
state. Citibank turned the credit card business, which before was losing money, into an immensely
profitable business. As stated in the frontline article, "the unlikely state of South Dakota became the
place where America's credit card industry first began to really take off".
5. In the Citibank example, how did Citi use existing laws to alter its business mode?
The usury laws in New York were putting Citibank under. The bank lost over one million dollars on
its audacious foray from credit cards because the inflation rate went beyond the amount of interest
they were allowed to charge customers. It did not look good for Citibank so they needed to make
quick changes. Since the usury laws in New York were what was holding them back they went to
South Dakota, where there were no usury laws, hoping for a new start. The change in location was
everything they needed to get back on track and make profit off the credit card business. 6. What
was the underlying basis of the Marquette Bank decision?
The Marquette Bank decision was a U.S. Supreme Court decision ruling that a bank could export its
interest rate to another state. This meant that a bank could move its headquarters to a state with no
usury laws and offer loans with high interest rates to other states. This is what really sparked
Cikitibank's

Exploration of Struggles with Credit Cards in Maxed Out by...
Credit cards have become increasingly popular world–wide, making it easier to buy now and pay
later but are they actually helping or hindering someone's credit? "Maxed Out" by James D.
Scurlock demonstrates how credit cards can hurt someone's credit, while "Why Won't Anyone give
Me a Credit Card" by Kevin O'Donnell demonstrates how someone may have financial stability to
pay off a credit card, but still be consistently denied one by the credit card companies. Owning
credit cards is not the problem; the problem is being irresponsible with it.
James D Scurlock's "Maxed Out" focused on the revolving use of credit cards to charge now and
pay later and the fact that once the credit card was maxed out another one was sent from the credit
card companies and the whole process begins all over again. Scurlock's essay made the reader aware
of the downfalls and hardships that can occur when credit cards are constantly used for purchases
compared to Kevin O'Donnell's "Why Won't Anyone give Me a Credit Card".
O'Donnell's essay explored the opposite of Scurlock's, his essay was geared more towards the fact of
not owning a credit card prior to entering the professional world. He explored his point through an
educated professional man, who was constantly denied an unsecured credit card in spite of having a
full time employment, no monthly house payments, no finances owed to other lenders and no
dependents that need to be taken care of.
When looking at the effectiveness of both essays, one

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