StudentShare solutions
Triangle menu

Independent research - Essay Example

Nobody downloaded yet

Extract of sample
Independent research

The credit cards involve much risk such as theft, fraud, misuse of personal information, etc. however these risks can be managed by paying just a little attention to once financial position and the purchasing power. The card holder must communicate his rights and obligations to the issuing authority which strengthens their relationship and reduces risks (Anderson & Schroder, 2010). Credit cards offered by the Banks Credit cards are offered by the Banks to their customers, through whom they can make payments for online products, in shops, products available with the telemarketers, for paying bills of hotels and resorts, for paying fare, etc. As indicated by name they are based upon the credit system, the user of the card would have to pay interest to the bank whenever he makes payments through the credit card. The issuer of the card is the Bank itself which allows the consumers a continuous balance of debt with the interest payments. The idea of a credit card was emerged somewhere in 1887. The concept of the modern credit card was based on the idea of merchant credit schemes which were used among the companies to make payments. Later the horizon of the card become wide and it became available to the local public. Initially these cards were made of celluloid plastic but these days mostly polyvinyl chloride (PVC) is used. The credit card holder does not require having an account in the bank. Since the whole process revolves around the concept of credit therefore it is better to say that the card owner borrows some amount from the bank to make purchases which are later paid with an additional amount of interest. People often make purchases without considering their payback power that either they would be able to pay the credited amount to bank or not. Just in case if they are unable to pay their credits then they face the consequences of credit card debt. Whenever a purchase is made the card holder enters the personal identification number (PIN) on the basis of which he will pay the Bank in future (Crouhy, Galai & Mark, 2010). Credit cards are often attached with lots of free goods and services that the consumers enjoy on their side whenever they make payments. These services are provided by the banks and different companies. For instance, if you use a credit card of the certain bank, then it will give you several transactional benefits and also easy payment methods. While on the other hand the companies give discounts or additional services to purchase their product. But to enjoy the extra services customers need to make purchases up to the required limit (Carrol, 2010). Now there are electronic devices available to check the balance and the purchasing power of the card holder instantly. The purchasing power of the card holder can also be analyzed by the security code printed on the card. This is usually done in online purchases or the one that are made over the telephone where the sales person verifies that either the customer is able to make the payment or not. Every month the card holder receives a bill indicating all of his purchases and the final amount that he has to pay to the Bank. If the card holder is also having an account in the same bank then the unpaid balance is deducted from their otherwise he can choose to make the payment later with a late fee or additional interest amounts. Regulatory aspect of credit cards: In 2009, President Barrack Obama signed the credit card ...Show more

Summary

“Financial Product” [University] [Instructor Name] Abstract: The credit card is issued by a Bank to its customers whether they have the saving account in the same bank not. These cards help the consumers to make payments on credit which are later paid in addition to some other charges…
Author : ryannwilkinson
Independent research essay example
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the essay on your topic
"Independent research"
with a personal 20% discount.
Grab the best paper

Check these samples - they also fit your topic

INDEPENDENT STUDY RESEARCH ON THE PURPOSE AND IMPORTANCE OF BUDGETTING TO AN ORGANISATION
The data that used in the study is secondary data from other resources. The following are the main topics in the study: 1.0. Title page 2.0. Problem statement 2.1. Importance of the study 2.2. Study objectives 3.0. Literature review 4.0. Study methodology 5.0.
20 pages (5000 words) Essay
Independent Research
One man saw the value of using the base of the Rayamana to the Rhamakayian as a means to keep the customs of the people of Thailand or at the time the people of Siam in order to solidify the history, art, music, literature and dance. The epic was put to art in all its forms.
14 pages (3500 words) Essay
Conduct some independent research on a controversial public policy (at any level of government) addressing some aspect of techno
Examples of exemptions include: information pertaining to national security, law enforcement, and private information (United States Department of Justice 2011). However, a lot of debate is still going on regarding issues pertaining to what and how much information could be made available to the public.
1 pages (250 words) Essay
Independent research project
The pupils come from a wide range of ethnic backgrounds and many are from asylum seeking and refugee families whose socio-economic circumstances are very low. Over half of the pupils are entitled to free school meals, which is much higher than average. Very few pupils start school with a good command of English and many students are from ethnic minority groups, most of whom have English as an additional language; these figures are very high compared with other schools.
11 pages (2750 words) Essay
Independent research into retailing of (lace wigs) Lacehairwigs.co.uk
The other parts of the wigs are made from a less fragile material, less susceptible to tearing or ripping then the lace. Among the various categories of wigs, lace wigs are the most expensive ranking after wigs with Spanish, RL modal hair or
6 pages (1500 words) Essay
Language Learning Autobiography and critical post-analysis based on course reading in connection with additional independent research
However . Later I found that ESL was very important for me as it helped me in my learning process. Though I had studied English in
5 pages (1250 words) Essay
Critically discuss your current understanding of the role and importance of interaction in teaching and learning gained from your independent reading and research
However, this is just a drop in the interactive process of learning. This is because, when a student is a child, he is a persistent questioner. He or she asks a lot of questions, and
5 pages (1250 words) Essay
INDEPENDENT RESEARCH PAPER PROPOSAL
Faced with this situation, the domestic companies in China are facing the immediate need of expanding their businesses in other countries so as to increase their profitability and market share as well as negate the losses caused in the cosmetic market due to the tough
5 pages (1250 words) Essay
Research Essay 1.What is independent filmUsing one or two contemporary films of your choice critically examine the problem of how to define independent cinema
Thus, while in the previous ages people had limited access to tools with the help of which there were able to express their creative potential, in the contemporary society talented people can
12 pages (3000 words) Essay
Independent research into a particular mental disorder, historical period, forensic mental health service/setting/professional group, mental health scandal and/or another appropriate case study topic and to critically engage with the way in which this exa
Worst still, many offenders involved in serious crimes have claimed that they are not responsible for the crimes because of their mental disorders they suffer from. One of the common mental disorders is the personality disorder. People with a
9 pages (2250 words) Essay
Hire a pro to write
a paper under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email
YOUR PRIZE:
Apply my DISCOUNT
Comments (0)
Click to create a comment