Part 1 of Essay
is much more dangerous than use of checks or cash. Paying with cash is very easy; for knowing how much money is available and how much can be spent makes it very hard to get into debt. When paying with a check the process is a bit trickier; the exact balance has to be kept on the account at all time. Knowing what this ba ....

Part 2 of Essay
.... charged $15 per month for late fee to people who paid their bills just one day after the due date. Visa, on the other hand, was charging the penalty fees for as little as a dollar over the limit, plus an interest of up to 24.9 percent per year. In the second quarter of 1995, overdue payments as a percentage of outstanding balance hit 3.267 percent. That is the highest mark since recession of 1991. "The picture is, some consumers are very, very deeply in debt," says Charles McMillion, chief economis ....