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American's Should Not Use Credit Cards

1106 words - 5 pages

According to the Nilson Report, February 2010, the average credit card debt per household with credit card debt is $15,788 and the number of credit cards held per family is 3.5.
This issue has destroyed many lives and keeps causing problems among many American’s today.”
It is my personal opinion that credit card usage ought to be reserved for people who have a high income and who reliably make a lot of money.
Personal credit card debt doubled in the past four years and personal bankruptcies are at the highest rates ever and still more Americans are spending money that they do not have.
There is a potential dark side to plastic with some unfortunate account holders getting out of their ...view middle of the document...

I have found through personal experience and observation, when most Americans start making late payments, it only gets worse.   Once the late fees and interest start to pile up, it is harder for people to keep up, which leads to poor credit, high interest, and more difficulty keeping up with credit card payments.
It takes up to thirty years to pay off credit cards when paying on a minimum. Young adults and college students do not understand this.
Having a good credit score is an important part of life. Without a good credit score, it will be hard to get a house, vehicle, or any other type of loan needed in the future of these individuals that get caught up in credit card debt.
Most young adults and college students already have a lot of debt from student loans themselves. When they get caught up in so much debt it puts a lot of stress on the individuals and can run into the line of drug use or suicide.

THESIS (part of paragraph 1): Using a credit card leads most Americans into debt. Be careful making statements about “most” Americans

I. Primary support point 1 (paragraph 2): Reasons to not use credit cards
Supporting details:
A. the expansion of credit that let America get into trillions of dollars in consumer debt has been made available by the easy use of credit cards
1. the economic collapse could have been prevented
2. why expand it more?
B. Credit cards increase your risk of identity theft
C. Credit cards add another monthly bill to worry about   general
D. Credit cards are a fast track to debt
1. this is financial slavery, not freedom
Talk about hidden fees and charges

II. Primary support point 2 (paragraph 3): There is no positive side to credit card use.
Supporting details:
A. If you use a credit card you will spend more.
1. Even when you pay bills on time you are not beating the system
2. Most families don’t pay on time be careful
with “most” statements
B. When you pay cash you can feel the money leaving you
1. This does not happen with credit cards
2. putting a credit card onto a counter registers nothing emotionally
C. Personal...

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