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Credit Cards Essay

873 words - 4 pages

Credit cards have become increasingly popular world-wide, making it easier to buy now and pay later but are they actually helping or hindering someone’s credit? “Maxed Out” by James D. Scurlock demonstrates how credit cards can hurt someone’s credit, while “Why Won’t Anyone give Me a Credit Card” by Kevin O’Donnell demonstrates how someone may have financial stability to pay off a credit card, but still be consistently denied one by the credit card companies. Owning credit cards is not the problem; the problem is being irresponsible with it.
James D Scurlock’s “Maxed Out” focused on the revolving use of credit cards to charge now and pay later and the fact that once the credit card was ...view middle of the document...

His essay came across more like a story of how an educated professional man that has full time employment, no finances owed to other lenders and has no one else to support but himself.
Although there were no apparent logic fallacies “Maxed Out was slightly more beneficial than “Why Won’t Anyone Give Me a Credit Card. When comparing the two essays “Maxed Out” may not have provided much background information but the readers were able to see the downfalls of buying now and paying later. These downfalls were evident by the constant revolving use of credit cards and the ability of credit card companies to offer lines of credit to college students, who are the most vulnerable and inexperience when it comes to handling and managing finances. The ability of the credit card companies to make money off these young college students who felt they were building credit by offering them more cards was also obvious.
Whereas O’Donnell’s essay did provide background history on how financial institutions are cutting back on approving credit applications and in what ways the lenders make their decision on approving applications. His essay focused more on how not owning a credit card to help establish credit can hinder an individual when they finally apply for one. His point was made apparent through an educated working professional who could not get a credit card, even though he had financial independence, no loans or other kind of payments.
Even though both essays are...

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