The effects of credit cards on low-income populations

Graduation Date

2014

Document Type

Project

Program

Other

Program

Project (M.B.A.)--Humboldt State University, Business Administration, 2014

Committee Chair Name

Carol Telesky

Committee Chair Affiliation

HSU Faculty or Staff

Keywords

Impulse purchases, Debt and mental health, Credit card debt, Humboldt State University -- Projects -- Business, Credit card use, Low-income

Abstract

Access to credit cards serves as a protection in many cases, providing an available line of credit that may be used in emergencies. Particularly in the United States, credit cards are viewed as useful and beneficial tools for consumers of various income levels. Conversely, a credit card may also place its holder at risk of making unwise or excessive purchases that exceed the individual's ability to repay credit card debt in a timely manner, and this is especially true for low-income populations. Accordingly, the availability of credit cards to individuals with low income creates benefits as well as pitfalls. This project addresses the effects of credit card use by low-income populations and reveals the negative consequences extending well beyond the expected financial ramifications. Recent attempts to improve the credit regulations have failed to mitigate these issues for the low income population.

https://scholarworks.calstate.edu/concern/theses/sb397b32k

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