One’s Credit Card Interest Rate Should not be Affected by one’s Consumer Credit Score

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Essay #: 062750
Total text length is 7,602 characters (approximately 5.2 pages).

Excerpts from the Paper

The beginning:
One’s Credit Card Interest Rate Should not be Affected by one’s Consumer Credit Score
In an ideal world, everyone would have enough cash to purchase all of their necessities as well as some luxuries, to make their lives comfortable and enjoyable. Unfortunately, however, we don’t live in an ideal world. Instead, we live in a world where all skill sets are not valued equally, where not everyone is paid the same wage, where some people are un- or underemployed for long periods of time, and where there is a harsh and growing gap between the rich and the poor. This is especially true in the current state of the United States and global economy, as we continue to find ourselves in a recession that is only very slowly coming to an end. When...
The end:
..... to try to somehow bridge the wage gap between the richest and poorest individuals in the country. In the meantime, deemphasizing the role of and need for consumer credit cards except in the most dire or circumstances might be one way to help the people suffering most from the financial crisis.
Bibliography
The New York Times. “Credit Score.” Retrieved 27 September 2010, <http://www.nytimes.com/info/credit-score/?scp=1-spot&sq=credit%20scores&st=Search>
Woolsey, Ben and Matt Schulz. “Credit Card Statistics, Industry Facts, and Debt Statistics,” CreditCards.com, August 24, 2010. Retrieved 27 September 2010, <http://www.creditcards.com/credit-card-news/credit-card-industry-facts-personal-debt-statistics-1276.php#footnote1>