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September 3, 2015

Homework Help: English

Posted by Student 155 on Monday, June 27, 2011 at 3:02pm.

Can you review this rough draft of an outline for a persuasive essay and provide any feedback? Thanks in advance!

I. Introduction
Even though some feel as though a student having a credit card can teach financial responsibility, a credit card company should not be allowed to market to students on campus. Students are not mature enough to make such long term financial decisions and understand the link between long term financial hardships and early debt.

II. Students are not mature enough to make long term financial decisions.
1. The process of obtaining credit to too easy and most students will not
fully understand the terms.
A. Fees and associated costs are not easily understood and are often hidden in the fine print.
B. Belief that use now pay later is an easy way to obtain the things wanted vs. needed.
2. Effects of early established debt can lead to long term financial problems.
A. A negative credit file will follow a student for years to come.
B. A student will face the inability to obtain needed items such as transportation, supplies etc.
III. High debt load leads to devastating financial losses.
1. Bankruptcy filing on the rise among those of college students
A. effects of bankruptcy
B. Higher drop out rates
2. Inability to obtain insurance or loans
A. Relying on parents for basics
B. Unable to obtain leases
C. can affect personal relationships
IV. Alternatives available that can build strong credit history, provide financial resources.
1. Checking and savings accounts
A. Helps build history with banks.
B. reduces likelihood of negative credit
2. Smaller consumer loans available
A. Easy to understand terms
B. Short repayment terms
C. solid beginning to credit history

Conclusion
Eliminating the ability for credit card companies to market to college students on campus can only help ensure the financial security of students by removing the temptation to spend more than they can pay back and enabling the student to make smarter more financially sound decisions.

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