A Life- Long Consequence
A promising deal. Low interest rates! Even lower monthly payments! A free t-shirt.! Do you want $50? Here take it, it’s free! All humans are born with natural instincts. However when it comes to the word free, and all that “free” entails, few listen to the voice in the back of their head. The voice that is telling them that NOTHING is free and they sign their name away, registering for that little piece of plastic that later sucks them into a whirlwind of problems, a place where “free” is the last thing they feel. With the presence of debt on the rise, people, particularly students are pressured to find ways around it, yet with a lack of practical methods, doing so is highly unlikely.
Debt is unfortunately, and sadly an extremely common issue in society today. So common in fact that a surplus of shows, books, and even clips on the ever popular You Tube have been created just to address debt problems and to advise the people who have them. Although debt has been around for centuries and is certainly not a new dilemma, the occurrence of debt has exploded, showering down on millions of Americans, particularly ones who began using a credit card in college.
It is not a surprising thing to hear that credit card companies have taken into account how naïve and inexperienced college students are when it comes to managing money, and have acted accordingly. On almost every campus, vendors set up a station and begin the persuasive routine that results in the consent of thousands of students. The “free” item is enough to sell almost any student, many of which are strapped for cash, and shortly after is when the life-altering journey begins.
It wasn’t long ago when debt was noted as more of a seasonal issue. “Christmas credit-card bills are arriving in letterboxes. For some, they're a reminder of the excesses of the holiday period and self-indulgent purchases made during the sales.”(Labi 2003). Money was more or less budgeted...