Sunday, September 9, 2012

Chapter 8 Question 3



What I chose from this week’s reading is the Critical Thinking in Action on page 245. This article talks about how credit card companies are trying to sign up college students for all sorts of new credit cards. People between ages 18-29 are signing up for these credit cards thinking that they’re gift cards. They forget to pay back what they borrowed at the end of the month and end up with a very poor credit as well as a large debt.
The article challenges students to think about the repercussions of all their actions. Thinking ahead and knowing the consequences can really help students avoid digging themselves into a hole of debt that they can’t get out of. This article is informative and helps the reader to be more aware of their decisions. A student loan would most likely be better for a student trying to pay off their college tuition.

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