Read “Debt Slaves: 7 Out Of 10 Americans Believe That Debt ‘Is A Necessity In Their Lives’” and write an opening statement on the pros of why debt is a necessity in life.

Note: MLA Format and state only facts not personal opinions

Read “Debt Slaves: 7 Out Of 10 Americans Believe That Debt ‘Is A Necessity In Their Lives’” ( http://endoftheamericandream.com/archives/debt-slaves-7-out-of-10-americans-believe-that-debt-is-a-necessity-in-their-lives ) and write an opening statement on the pros of why debt is a necessity in life. Follow this outline:

1. Introduction

· Summarize the Debt Slave Article (in one to 2 sentences)

· Define Debt and list examples

· Thesis statement on why debt is a necessity

2. Credit Cards

· How it works

· Advantages

3. Loans

· How it works

· Advantages

4. Credit Score

· Credit scoring/ how it works

· Benefits of a good credit score

5. Conclusion

· Restate thesis

· Sum up key points

· Closing statement

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