(Excerpted from Chapter 13, "The Dark Secrets of Credit Cards and Debit Cards"; from the new book, LEGAL CONSUMER TIPS AND SECRETS, by Charles Jerome Ware, former Special Counsel to the Chairman of the U.S. Federal Trade Commission (FTC) [iUniverse Publishers, 2011].
Credit card companies are getting more and more people, between the ages of 18 and 25, hooked on "plastic". Increasingly these new victims are women. Collectively, they are called "Generation P", meaning generation plastic; because this group rarely if ever leave home without a credit or debit card. And they use them frequently.
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