Argumento

The steps of getting out of debt are few and simple. One is to stop spending money you don't have or limit the usage of your credit card. The debt will never get cleared up if charges keep appearingon the bill. Another way is to limit the amount of credit cards you own. Stores will try and get you to sign up for their cards and they do this by offering deals. The more cards you own the more youare able to spend, which will lead you right back into debt. Also, a good idea is to pay as much off as you can each month. You don't have to pay it in full, but try to at least pay more than theminimum. Debt is all over the world, it's not just teenagers, but teens seem to lack the understanding. Debt is possible and teenagers need to realize how to manage their money before they get older.Credit Card companies are running a business. They make money off of the consumer, who doesn't pay their bills. Credit cards are nice to rely on but in reality they are a scam. Companies wantthe consumer to max out their card, so then the companies can add on the interest rate, which they make money off of. Therefore it's up to the consumer to know their limits.



Instead of creditcards, Debit cards have become very popular. These work well because the consumer can charge an item but it comes right out of their checking account. Therefore they know how much money their eligibleto spend. This is the same as writing a check, but a lot easier. Debit cards are popular mostly due to the fact that consumers are spending money they know they have. It's the same as cash, exceptthey don't have to take it out of the bank. It's convenient and easy.



America encourages teens to get involved with credit. Once they turn eighteen the mail seems to be filled withapplications and companies sending letters asking them to join. Television over and over again shows commercials for credit cards, so much that the slogans are imbedded in our minds. For example-MasterCard-...