Credit Cards

Using credit cards
“Modern man drives a mortgaged car over a bond-financed highway on credit-card gas” (Wilson, 2010).   Today this quote, written by a professional baseball player Earl Wilson, accurately depicts what Americans are doing to obtain items that they believe they need to fit into their places in the world.   The world has begun to depend greatly on the use of credit cards to purchase items that they believe they need but can not normally afford on their regular earnings.   The state that Americans have gotten themselves into because of credit cards has brought upon the question of whether or not the use of credit cards helps or hurts people in their lives.   The question that the American population needs to consider is if the pros of possessing and using a credit card outweigh the cons that card can bring.   Even though credit cards are an easy way to raise credit score, most Americans should not use credit cards.
A disadvantage that most people overlook when they think of credit cards is the higher risk of identity theft.   A common misconception that a credit card provides no worry about the loss of cash or money when misplaced or lost, but a lost credit card is in ways worse than lost money or cash.   If someone loses cash he or she are only out the amount of money, but if he or she lose his or her card or even have his or her account or card number stolen he or she will have to worry about the damage it can do.   After he or she stops the card from being used, the identity theft can still hurt them in other ways such as their credit score.   There are other ways that a thief can obtain the account and card number than just by steeling the card. A thief can obtain the information through an Internet or phone transaction, through thrown out statements that contain viable information, and something as a simple bump or peek at a card while standing inline. Handing the card over to a teller for payment is even considered a theft risk especially when they...