Reports by Consumers

Consumers need more education about financial products like credit cards and car loans.

Someone I work with just recently found out she's pregnant. She's 18. She is neither emotionally or financially ready, and she just bought a $27,000 car. Meanwhile she seems to barely pay her rent. Situations like this baffle me. Even more shocking is when she said she would try to get as many credit cards as she could to build credit. It doesn't take a scholar or financial guru to realize she's going to land herself in a deep hole. Sadly, too many people are like this.

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