A Credit Score Should Not Be the Judge of a Consumer’s Credit Card Interest.

A credit score should non be the pronounce of a consumers credit tantalise interest. COM 156 / Why argon the hot the great unwashed being charged too practically interest based on their credit score? We should non be penalized for making our holdments in good faith to backup an turn out credit, when it is the credit card companies who grant credit to mountain who beart afford it. With our current economy, it is gravid for the lower chemise to mid- direct income people to survive now a daylights and those Americans receive penalties for at least making the fight and not letting it go in default. That is not how we should be judged. non by a score but should be by average days paid. A credit score should not be the judge of a consumers interest prise for a credit card debt. Hard working Americans ar doing their best to survive this down economy and should not be penalized with higher interest rates because they ar e a whatsoever days late on a payment. That person do the effort to pay you. Most Americans now are on a 45 day cycle instead of the 30 day cycle that credit card companies expect payment.

By allowing the card holders to have an extended 15 days to school out their payments, it would allow those that are surviving month-to-month, or worse, day-to-day, an probability to pay a majority or even their integral card balances every month. Consumers turn pessimistic about the coming(prenominal) in this recession, so they spend less. Most companies are egg laying arrive at employees due to the lack of the d emand in this country, so adjusting the paym! ent terms from 30 days to 45 days would dish out those of us who are struggling, as well as cooperate recover our own economy. The hard working Americans in the low-to-mid level income bracket have everyday bills as everyone else; rent, utilities, etc. Allowing them free time to pay on their credit cards go away allow people to manage their survival to improve themselves, as well as our economy. With the declining economy in the United States, opinion Card companies...If you privation to get a full essay, bless it on our website: BestEssayCheap.com

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