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Credit card abuse The ease of acquiring credit and consumers' need for immediate satisfaction have led to historic levels of credit card abuse that are the root of the credit card problems in the country. Consumer credit is a useful element in any economy. The ability of the consumer to borrow money with ease increases efficiency of a well-managed economy, which in turn stimulates the growth of the economy. In the era of credit boom, a lot of scholars have argued that the increased availability of consumer credit to low and middle income people has given them an opportunity to access many profits due to increased financial freedom that has been offered by these credit cards (Langley 189).