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I believe they do hurt the country as a whole. It is not that the credit card itself hurts the country, but the fact that many individuals do not use them responsibly and over extend themselves. If there is one thing that causes major problems in a persons life, it is financial stress. It will tear marriages apart, ruin family and friend relationships etc. Still there are some other concerns we should have in terms of businesses and their (at times) lack of social responsibility. So the question is also, "do companies in part have a social responsibility in regards to what they sell and how they sell it?" In other words, take a good look on how companies advertise their products. Remember profit is the main goal. They - in many instances - portray their product as something you really need, when in fact you do not. In addition, they have a tendency to promote a product or service as something you need to be a real man, or real women, or to be better then your neighbor, to feel better, look better, etc. The sad part about this is that it really is promoting a puffed up pride, and self-centered focus on life. Now, I do understand that businesses need to make a profit. After all, no profit, no business, and we do need businesses out there to be successful. However, I believe there must be some accountability, and responsibility on the part of a company's social responsibility to the public who depend on them for their personal needs, wants, and desires.
Lastly, don't you find it amazing that businesses today make it so easy for you to buy things you really can't afford? Businesses today will actually allow you to buy merchandise with money you haven't even earned yet! That's right, just put it on the credit card. Yep, put it on the credit card and choke yourself!
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How much money does it cost to fix a whole country?
If Everyone in the country gave their whole one month salary to the country, it would be more than enough to bring the country back to live from any crisis. That's a lot of money and effort from people but much better than a whole country going broke.
What does deflation have to do with the economy?
Deflation is the decrease is the decrease in prices of goods and services. This can affect the economy of a whole region, country, and in some cases, the world. Some of the causes can be: -Reduction in the supply of money or credit. -Reduction in the demand of goods. -Military waste. -Increases in debt and credit card repayment means. -Terrorism. -Government growth, who takes money away from the market economy to fund inefficient programs. -Regulations.
Why even small changes in the rate of economic growth are significant?
because it effects whole economy of a country
What causes a command economy to stagnate or decline?
the leader making a mistake which then affects the whole country in a negative way.
What are the reasons free trade exists?
Free trade allows goods and services to flow freely from country to country without the restrictions of tariffs. Some believe that is beneficial to the world as a whole.
What information is available on credit cards for businesses?
The Credit Card Guide has a whole section dedicated to cards for businesses. You can access this helpful information at http://www.creditcardguide.com/business-credit-cards.html
What are credit cards?
A credit card is something that is like a loan. People use their credit cards at stores and the credit card company automatically pays the store back. Then you basically pay the money back that you borrowed from the credit card company over a few months. A credit card is a card that allows you to borrow money for paying your purchases, for a product or a service, with a set limit. The card may be used repeatedly, until the set limit is reached. At the end off every month, you have an option to repay the whole amount; or only a fraction of the whole amount you owe; even a minimum amount. Credit cards are issued by banks, savings and loans, retail stores, and other businesses.
Do Joint Credit Cards Help Build Good Credit?
Joint credit cards can work both ways. Since the credit card account is placed on both holders' credit accounts, the activity on the card as a whole affects both parties equally. So, if the card is maintained properly, it can help improve credit. However, if one of the card holders abuses the card and ranks up thousands of dollars in debt, it can adversely affect the other holder's credit rating.
Why are credit cards considered more popular than debit cards?
Some people just prefer credit cards because they give the person enough time to accumulate the money to pay the bill over the whole month. Debit cards, in truth, are actually probably just as popular, only less publicized, because you can't run up a massive bill for them due to the fact that the money is payed instantly.
What are crediters?
A credit card is something that is like a loan. People use their credit cards at stores and the credit card company automatically pays the store back. Then you basically pay the money back that you borrowed from the credit card company over a few months. A credit card is a card that allows you to borrow money for paying your purchases, for a product or a service, with a set limit. The card may be used repeatedly, until the set limit is reached. At the end off every month, you have an option to repay the whole amount; or only a fraction of the whole amount you owe; even a minimum amount. Credit cards are issued by banks, savings and loans, retail stores, and other businesses.
What payment method typically charges the highest interest rates A Credit cards B Cashier's checks C Prepaid cards D Payday loans?
Payday loans... the borrower is expected to repay the whole debt before their next pay-day.
Is an additional credit card holder liable for the whole debt on the credit card account?
ia an additional credit card holder liable for the whole debt of the credit card account
Are Pokemon trainer cards rare?
No they are not. I have been collecting Pokemon cards for almost my whole life and majority of the cards are trainer cards.
Why is your whole arm swolln and purple and hurting after tattoo?
sounds like its infected, go to doctor
How does one become a loan broker?
You need a working, solid knowledge of how loans and credit cards work to begin with after that learn the state laws around loans and credit cards, then create a business office (not around your dining room table) and do not forget most of the details you will be gaining will be credit card numbers etc, so make sure that these are secure in all ways possible then start by creating a website. Afterwards just learn how the whole operation works.
How many red cards has Richard dunne had?
In his whole career, he has had 293 red cards
Is Discover an interest free credit card?
In the whole run, no it is not. Most credit cards tend to lure customers in by boasting how they have an interest free credit card for you. That is true, unless you forget to pay for one month or only pay part. Then the interest rate will suddenly kick in and will very quickly increase until you have paid off for your purchases.
