Credit cards like let people buy things now , and pay for them over month, months or even years. but But some people get deep into debt, and credit . And critics say some banks have turn terms and charges that can make it harder for people to pay off that debt.

In the United States, there are calls for stronger goverment supervison government supervision of the credit card industry. Credit card cards have been heavily marked marketed through the mall mail and the at stores, the . They offer econamy economic power and at a price. In 2004, americans Americans had about 8,000,000 dollors $ 800,000,000,000 in credit card debt. Now they own owe about 9,680,000,000, the avarage intrest read all most 968,000,000,000. The average interest rate on those cards is completely 35%currently 13. Credit 5%.

Critics say banks made it too easy to get credit cards, but bank maybe changed, the cresis . But that may be changing. The crisis in the housing and credit credits markets is beginning to a set affect the credit card industry. More payments are late, charges . Charges for late payments are a growing source of provite profit for banks, but . But late payments can also set no signal bad debts.

The central bank, the final reals Federal Reserve, says too two-thirds of american American banks have resently reports title recently reported tighter lending requestrequirements. Many people report having their credit limits reduced with out warnningwithout warning.