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Wednesday, Jul 23, 2003

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Credit cards: boon or bane

American fad

LAST YEAR a young man was kidnapped and murdered just for a credit card. It is one of the ruinous fads haunting the young generation and a pseudo status symbol of high lifestyle. A credit card always tempts the bearer to buy things, necessary or unnecessary. This American concept is fraught with materialism which our young blindly follow, much to their detriment, the high interest rates and the late payments not withstanding.

S. Elangovan
Kancheepuram

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