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Word Count: 610
The silent epidemic sweeping the nation today is credit card abuse As prices of goods increase faster than average wages American families slide deeper into debt In the meantime the banks are flourishing from their desire to buy now and pay later It is amazing how a small piece of plastic can be so dangerous Society today almost requires people to carry credit cards In my opinion credit cards are one of Americas familys most underrated problems One could assume the banks encourage spending on impulse in order to secure their future The access to credit cards make it possible to make large purchases instantly The banks set low minimum payments however by doing so all you pay on the account is interest In turn a consumer is opted to make a purchase on impulse only thinking of how much the monthly minimum payment will increase The stores thrive on this type of spending and even target credit customers with such offers in their advertisements Next in todays society more service providers are requiring that you use credit cards to pay for and receive their services One example is Internet service providers It is almost impossible to acquire Internet service without using a credit card The regular payment by check is not acceptable to many providers Most of the time a person needs a credit card in order to make reservations at a motel or restaurant Also if someone wants to purchase tickets to a popular concert coming to the area the preferred way to reserve a seat quickly is by using a credit card Another card sweeping the country now is the ATM card Presently most companies require or encourage direct deposit for their employees The banks really have an advantage in this process A person will have to receive an ATM card for accessing their money but the bank will also include a VISA symbol on the card In some cases the bank
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