Financial Habits to Keep You out of the Jungle

Habits2


We’ve talked a lot so far about the dangers of predatory lending. But there’s one thing we haven’t touched on yet, and it is yet another reason why predatory lenders target low-income populations: Generally speaking, low-income borrowers who need fast cash may lack a sophisticated understanding of personal finance; this can make them prime targets. That’s one of the reasons that we wrote this book: When it comes to responsible borrowing, knowledge really is power.

  • Only Borrow for Need
  • Know What’s Available
  • Understanding Your Contract
  • Affordability

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