Use and abuse of credit.

Use and Abuse of Credit The use of credit cards is much more dangerous than use of checks or cash. Paying with cash is very easy; for knowing how much money is available and how much can be spent makes it very hard to get into debt. When paying with a check the process is a bit trickier; the exact balance has to be kept on the account at all time. Knowing what this balance …

…units. 2. Among families having a balance. Source: Board of Governors of the Federal Reserve System, unpublished data. From Statistical Abstract of the U.S., 2001. Works Cited "Credit Card Use, 1989-1998." 5 May 2003 <http://infoplease.com/ipa/A0193935.html>. Cambridge Consumer Credit Index. " Cards with Rewards." 5 May 2003 <http://www.debtsmart.com/cgi-pl/debt_stats_02.cgi>. Mae, Nellie. " Credit Card Debit for students." 5 May 2003 <http://www.debtsmart.com/cgi-pl/debt_stats_02.cgi>.