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Advancing the Consumer… | 2 |
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Peer reviewed
Detweiler, Gerri – Advancing the Consumer Interest, 1993
The role of credit cards in personal finance has increased dramatically over the past two decades. Complex interest computation methods and additional fees often boost the price of credit card loans and help make credit cards the most profitable type of consumer loan for many lenders. (Author/JOW)
Descriptors: Consumer Protection, Credit (Finance), Credit Cards, Interest (Finance)
Peer reviewed
Toussaint-Comeaut, Maude; Rhine, Sherrie L. W. – Advancing the Consumer Interest, 2002
A survey of 194 black households in a Chicago neighborhood found that one in five did not use banks, 49% had credit cards, over 75% used alternative financial services (AFS), and many used informal financial networks. Nonbank and AFS users tended to be lower income, less educated, younger, and unmarried people. Consumer education and public policy…
Descriptors: Adults, Banking, Blacks, Consumer Education