| Papers [1-14] of 100 :: [Page 1 of 8] | | Go to page : 1 2 3 4 5 6 7 8 —> | Search results on "HIGH PRICE CREDIT CARD DEBT": |
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The High Price of Credit Card Debt, 2002.
A look at the position that society has been placed in due to credit card debt.
2,280 words (approx. 9.1 pages), 7 sources, MLA, £ 49.95
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Abstract
While credit cards give the consumer many advantages, this paper takes a look at how credit cards have pushed the margin on high interest rates, at hidden fees and negative marketing strategies which have put society into debt.
Table of Contents
I. Introduction
A. Americans in credit card debt.
II. Origin of credit cards
A. Dates
B. Statistics
C. Relevant background
III. High Interest rates
A. Interest rates in recent years
B. Usury Laws
C. Who sets these laws?
IV. High Hidden Fees
A. The inflating Interest Rate Game
B. The Grace Period
C. Extra Fees
V. Negative Marketing Strategies
A. What to do first, if you have a complaint
B. Government agencies to contact
C. Can the company get penalties?
VI. Laws and Legislation regarding high interest rates, hidden fees and negative marketing strategies.
A. Truth in Lending Act
B.Governing finance charges
C.EFT Act
VII. CONCLUSION
From the Paper
"Credit cards have become a symbol of the American way of life. Until recently Americans were enjoying a period of wealth and freedom never before experienced in history. They were in a mood to buy, and buy they did. Many turned to credit cards to make the purchases that they desired. Some commodities, such as rental cars cannot be obtained with out plunking down a credit card. While credit cards give the consumer many advantages, credit cards have pushed the margin on high interest rates, hidden fees and negative marketing strategies, putting society in to debt."
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College Credit Card Debt, 2002.
Study of the tremendous debt college students incur because of easy access to credit cards.
1,400 words (approx. 5.6 pages), 3 sources, £ 37.95
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Abstract
Six page paper exploring the recent and out of control trend of college students getting themselves deep into debt by getting easy credit cards at school.
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The Credit Card Industry, 2005.
This paper is a research project, which studies the credit card industry especial VISA and the effects of the First Data-Concord EFS merger.
12,255 words (approx. 49.0 pages), 36 sources, APA, £ 167.95
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Abstract
This paper uses secondary data to analyze the credit card industry along five constructs: (1) Competitive analysis: Porter's Five Forces and PEST analysis, (2) monopoly vs. perfect competition, (3) standardization vs. localization, (4) competition vs. collaboration and (5) revolutionary vs. evolutionary change. The author points out that the existing credit card industry is a mature market, but it still has room to grow as more people become familiar with the allied financial services their credit and debit cards can provide. The paper relates that VISA enjoys the most powerful credit/debit card position in consumer cards especially in business credit cards, with it has extensive and integrated work in payments processing; however, the founders of First Data/Concord EFS were particularly aggressive business people. Many tables and charts.
Table of Contents
Introduction
In Brief
Background
Flies in the First Data Ointment
Objective
Methodology
Structure of the Dissertation
Literature Review
Competitive analysis
Porter's Five Forces
Porter's Five Forces Example
PEST Analysis
Economic Factors
Socio-Cultural Factors
Technological Factors
Literature Review
Monopoly vs. Perfect Competition
Standardization vs. Localization
National Initiatives
Competition vs. Collaboration
Revolutionary vs. Evolutionary Change
Opportunities
Overview of Credit and Debit Card Industries
Top Ten Card Issuers Compared
Bank Card Profitability
Differences between Credit and Debit Cards
U.S. Payment Cards-in-Force (in millions)
Off-Line Debit History
Top 10 U.S. Issuers by Card Loans
Developed vs. Less Developed Nations' Credit Card Use
VISA Volume
2003 Top 10 Countries
Global Financial Cards in Circulation - 2003
Corporate /Commercial vs. Consumer Use
Analysis of VISA's Strategy
VISA's Strengths
VISA's Weaknesses
VISA's Opportunities
VISA's Threats
STP Strategy (Segmentation, Targeting and Positioning)
Conclusion
Conclusions and Recommendations
From the Paper
"From the merchant's point of view, the merger was seen as one that would give them an alternative to VISA and MasterCard. Shortly after the merger, major STAR network contracts with high-profile banks such as Wells Fargo, Wachovia and BankOne were set to expire; this opened the field to some turmoil, in all likelihood, because VISA was already making a play to sign the same institutions for its processing and acceptance capabilities. FirstData/Concord was assumed to have the upper hand, however because analysts thought those two institutions, despite their disparate original sizes, understood contracts of that sort and banks themselves better then VISA. As it turns out, STAR did lose some of its bank contracts, reducing the value of the merger somewhat from the First Data standpoint."
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Credit Cards and the U.S. Middle Class, 2006.
Examines credit card debt in middle-income families in the United States.
4,775 words (approx. 19.1 pages), 26 sources, MLA, £ 86.95
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Abstract
Over the past several decades, the American middle class has expanded by hundreds of thousands of households. Record numbers of families, headed by minorities, as well as female-headed households and single individuals have joined the middle class. The paper shows that with this growth and diversity throughout the class, the economy has witnessed record years in spending, especially through the use of credit. This increase in commitments of spending future income has resulted in a class-wide precarious financial position that has heightened their vulnerability to financial ruin. The paper examines the history of credit cards in the United States and shows how this form of payment is affecting the middle class in contemporary American society.
From the Paper
"Now, many credit card companies actually avoid frugal types who use a credit card as a convenience and pay off balances every month. Instead, they statistically look for spenders who have an appetite for debt, are willing to make minimum monthly payments and tolerate high percentage rates and fees. They know that fees for late payments and fees for exceeding a credit limit increase profits. Sometimes an extra like credit protection, coupled with a late charge, is enough to put a customer over his credit limit, thereby giving companies another excuse to levy a charge (Gorham, On-line). The actual sub-prime market, which includes high loan-to-value ratios, includes mortgages, car loans and credit card debt, is "estimated at $200 billion dollars and growing by an estimated 50 percent a year" (Skelly 8)."
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Students and Credit Cards, 2007.
This paper presents a market research survey of students' attitudes towards credit cards.
4,078 words (approx. 16.3 pages), 4 sources, MLA, £ 77.95
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Abstract
The paper ascertains the attitudes of students relative to credit cards, examining their attitudes towards their perceived convenience, risk and the extra cost of potential transactions. The analysis includes both the students' and their families' income, the frequency of parents' fights over money and credit cards, specifically, and the number of credit cards carried. The paper discusses the conclusions from this research, that shows the marketing of credit cards for college students, both to their parents and to the students themselves, is extremely effective. The paper explains that credit card companies are successfully imparting the messages of control, ego gratification and the rationalization of emergencies.
Outline:
Executive Summary
Research Issue
Methodology
Analysis of Results
Conclusions/Recommendations
Limitations
Appendices
From the Paper
"Fifty students were given the printed questionnaire and assured complete anonymity and privacy, and also were left alone in classrooms after sessions were over to complete the survey. A $3 Starbucks Card was offered to the first ten students to complete the survey, so that motivation to quickly finish the research instrument would be assured. Graduate-level students were asked to complete the survey during an evening course break. "The sampling focused primarily on business students, with an even mix of women and men in the samples to rule out gender bias in the analysis of the results, a research design advocated by Hair, J.F., Anderson, R.E., Tatham, R.L., & Black, W.C. (1995) in their book."
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The Dangers of the Credit Card, 2007.
This paper explores the use and acceptance of the credit card as a primary method of payment in the United States and abroad.
2,808 words (approx. 11.2 pages), 8 sources, MLA, £ 58.95
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Abstract
The paper relates that the credit card is responsible for the deterioration of the family's ability to manage their finances in an acceptable manner. The author validates the hypothesis that as consumers continue to incorporate credit card spending into their cultural practices, the economic impact will be the dissolution of one's economic buying power and stability. The paper researches whether additional financial education and training at the secondary level will help curb spending and the current acceptance of debt payment and debt equity as a norm of society.
Outline:
Abstract
Introduction
Literature Review
Method
Analysis
Conclusion
From the Paper
"There is mounting evidence that the United States has become what many refer to as a "credit card nation" (Manning, 2000, p. 3), one dependent on debtor financing as an accepted and oft used form of payment among the wealthy and poor alike. The use of credit as a form of payment serves may purposes, including increasing the social status of independent users and providing users the opportunity to access services and commodities they may not otherwise have the opportunity to enjoy (Klein, 1999). Along with this opportunity however, also comes a financial obligation, one many consumers fail to recognize when they accept credit card financing as a primary vehicle for achievement and success (Klein, 1999)."
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Credit Cards Authorization On the Internet, 1999.
Examines concepts and practices relevant to the feasibility of marketing credit card software to Internet businesses including brand name, loyalty, technology, promotion, attention, price and more.
3,150 words (approx. 12.6 pages), 3 sources, £ 78.95
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Abstract
Examines concepts and practices relevant to the feasibility of marketing credit card software to Internet businesses.
From the Paper
"EXECUTIVE SUMMARY
This paper is an analysis of the feasibility of selling a line of credit-card enabling software for companies wishing to do business on the Internet. As a part of this paper, 25 typical marketing definitions are restated to have more power and importance as part of a unified organization.
The concept of unification as opposed to pluralistic is also discussed, along with its benefits of adoption. The paper concludes with an analysis and description of market power and force analysis, using the concept of DADDIE.
The research in this paper reflects the first step of an ADDIE process -- that of analysis. The next step after this analysis would be to design and develop a plan that could be implemented and then evaluated."
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Credit Card Fraud, 2001.
This paper examines the recent increased incidence of credit card.
986 words (approx. 3.9 pages), 2 sources, £ 24.95
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Abstract
The paper shows that for Visa Credit Cards, there was $487 million in fraudulent charges reported last year. The fraud rates on the Internet are .09%, compared to rates of .07% in the real world. The paper provides a background to the issue of credit card fraud, its relation to Internet technology and possible solutions to overcome the problem.
From the Paper
"Hoodwinks have gone high tech, using the Internet to deceive consumers in a variety of clever ways. One such way is through credit card fraud. As the use and availability of credit cards on-line increases, so does the occurrence of credit card fraud. The amount and frequency of fraud is increasing at a high rate, and many consumers fall victim to it. Credit card fraud has the ability to harm consumers and credit card companies. However, the ones suffering the most are not individuals in such a situation. Although individuals that never notice the extra charges end up paying for products they never bought, they are only responsible to pay for the first $50 if they notice the fraudulent charges and report them. Merchants tend to suffer the most, as they lose huge amounts of money in goods that were sold, yet never paid for. This has contributed to the closing of many companies, especially those on-line. Credit card companies report huge losses due to this type of fraud."
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Credit Cards, 2007.
This paper looks at the lingering effects of the easy availability of credit cards.
1,057 words (approx. 4.2 pages), 5 sources, MLA, £ 26.95
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Abstract
In the first part of this paper, the writer discusses the rise in credit card use and looks at the reasons behind this increase. The writer then examines how the availability of easy credit caused a fundamental shift in American tastes. The writer also evaluates how these trends could affect a consumer's purchasing power, the credit industry, and even the national economy. The writer concludes that a combination of consumerism, economic need and the easy availability of credit have contributed to the revolving debt figures in the US. Further, the writer argues that as more people become knowledgeable about credit and are turning to debit cards and cash, creditors will have to devise new ways to encourage credit spending.
Outline:
Credit History
Credit Aftermath
Economic Effects
Works Cited
From the Paper
"Previous research has suggested that only a small amount of credit-card holding households were responsible for the vast majority of credit card debt. Others have shown that as credit cards became more common forms of payment, average balances increased across the board. The fact that credit cards became more readily available in the early 1990s partly accounts for this phenomenon, and tends to support the latter conclusions. It is far more likely that all people are using credit cards more, rather than merely a fraction of American households."
"Bernthal et al attributes this increase in revolving debt to intense competition among lenders. There was therefore a strong incentive for lenders to extend loans to riskier households. In the 1980s, credit cards were seen as a status symbol, only acquired by those who had disposable income. By 1995, however, the average credit card holder had lower income and was more likely to be single. The average credit card holder was also more likely to rent rather than own their home, worked in a blue collar profession and often carried higher credit card balances."
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Credit Card Interest Rates, 1995.
Discusses the reasons for different and changing rates, types of cards, competition, incentives and impact on consumers.
1,350 words (approx. 5.4 pages), 6 sources, £ 33.95
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From the Paper
"Credit cards, the modern means by which consumers effectively issue themselves preapproved loans, have become an everyday fact of life for most adult Americans and for American business. Credit cards enable consumers to purchase items they would not be able to buy on a cash basis, increasing the convenience of purchasing large ticket items, and credit cards are used to guarantee even cash transactions ranging from purchasing groceries with a check to renting videos at the corner store. They are one of the most lucrative activities in which commercial banks engage, and deregulation of the banking industry has opened up the credit card market to strong competition. However, this increased convenience comes at a price. Unlike charge cards, such as American Express, which must be paid in full at the end of each billing period, consumers can carry ..."
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British Credit Card System, 1992.
Examines how the system compares to the U.S., discussing structure, types, profits, regulations, consumer issues and competition.
2,250 words (approx. 9.0 pages), 15 sources, £ 56.95
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From the Paper
"BRITISH CREDIT CARD SYSTEM
Industry Development
The British credit card system developed largely in the wake of the American credit card system. Credit cards began in the United States with the issuance of department store and gasoline cards. What is known as the credit card industry, however, really began to develop with the introduction of travel and entertainment cards-Diners Club, American Express, and Carte Blanche-in the late-1940s and early-1950s. American travel and entertainment cards were introduced into Britain in the 1950s.
General purpose credit cards, the backbone of the credit card industry, were introduced in the United States in the early-1960s. General purpose credit cards are those which, as their name implies, may be used to pay for a wide variety of goods and services ..."
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Interest Rates, Commodity Prices and Debt Crises in Latin America, 2002.
A comparison of the economic performances of Argentina, Brazil and Mexico over the 1990s.
3,275 words (approx. 13.1 pages), 8 sources, £ 84.95
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Abstract
This paper will explore how Argentina, Brazil, and Mexico have fared in this turbulent environment. Over the 1990s, each of these country's experienced major shifts in their economic structures. All experienced debt crises, high inflation, high interest rates, and high dependence on commodity exports. However, we do see some differences between their economic performance. Through an empirical analysis that looks at the role of interest rates, commodity prices, and each country's real experiences with debt crises, this paper will provide ideas on how these economic phenomenon are linked in Latin America. An appendix of raw data is included.
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Public Debt vs. Federal Debt, 2002.
A comparison of what public debt is vs. what federal debt is, and how it affects the economy.
2,100 words (approx. 8.4 pages), 15 sources, MLA, £ 46.95
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Abstract
This paper discusses how the government is just as effected at the economic crisis at the public and how both sections of the economy have been thrown into debt. The paper examines the differences between these two types of debts and discusses ways that the government can change policies and introduce reforms in order to end this cycle.
From the Paper
"The gross Federal debt is divided into two categories: debt held by the public, and debt the government owes itself. The first category, public debt, is the total of all federal deficits, minus surpluses, over the years. This is the money that the Federal Government has borrowed from the public, such as notes and bonds of varying sizes and time periods. This debt is held by individuals, corporations, state or local governments, foreign governments, and other entities outside of the US government. This does not include Federal Financing Bank securities. (A side note here: the Federal Financing Bank was established to ?consolidate and reduce the governments cost of financing a variety of federal agencies and other borrowers whose obligations are guaranteed by the Federal Government?.) (Public Debt Online) "
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College Students and Personal Finance Education, 2004.
A discussion on whether college students' personal finance (credit cards) or student loans should be limited.
1,345 words (approx. 5.4 pages), 9 sources, MLA, £ 32.95
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Abstract
This paper looks at how commerce on the Internet is conducted almost entirely with credit cards or with Internet accounts established with credit cards and how, for many, particularly young people for whom cash has never been a necessity, it is easy to give in to the urge for instant gratification, even when there are no funds available to support this gratification. It shows how, in particular, college students may fall victim to this trap, since they may not see a credit card purchase as spending with ?real money, they have little or no experience with credit cards or loans, and they are new to living independently from parents who have advised them not to buy things in the past. It examines the how, increasingly, student debt upon graduation is a crippling burden upon the student. It explores how the potential solution is to educate college students how to use their credit cards wisely and how to structure student loans and career plans with an eye toward the future, both of which can be accomplished by attending personal finance classes and by beginning with smaller credit card lines.
From the Paper
"The problem of student debt is twofold, and therefore, managing student debt should employ a double-barreled approach. Credit card/consumer debt is only one facet of the student debt issue, but students need to be able to distinguish between their necessary federally-funded student loan debt and their self-imposed credit card debt. In recent years, it has become common practice for credit card vendors to set up shop on college and university campuses, usually near the school bookstore (Fisher). Once established on campus, credit card companies attempt to lure students into signing up for credit cards by offering free incentives such as tee shirts or water bottles (Fisher). It is all too easy for students to succumb to the temptation for and the ease of obtaining credit cards when these credit lines are pushed so forcefully toward the often na?ve college student cohort."
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