Study to investigate the credit use Of American students (AS),Japanese students (JS)and Japanese bankruptcies (JB), and then to develop a credit use education program
Results:
1. Higher possesion rate of credit cards in AS than JS.(AS:882%,JS:37.5%,JB:73.7%)
2. The major disadvantage of credit card use for AS is having to pay high interst rates.(25.0%)Only 3.7% of JS pay attention to interest rates.92.9% of JB frequently used their card to pay their debts, despite a very high lending interest rate of around 30%. To promote awarenss of interst is necessary for Japanese.
3. The major reason AS obtain credit cards is to establish good credit rating.Only 2.3%of JS answered that obtaining it would establish good credit rating.We have to emphasize to JS the building of a good credit history.
4. AS read the contract more carfully than Js, but When they have obtained the credit card they are more likely to buy goods without planning, or buy mOre expensively. JB have same tendency as AS. Generally JS pay no attention to the contract, but they use credit cards more carefully than AS We have to teach AS how to use credit cards carefully and teach JS the importance of the contract
5. The sum of occurrences of low salary, sickness, or an unexpected accident in the causes of bankruptcy was 52.60/。 .To decrease bankruptcy, it is essential to overcome poverty problems in society
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