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American Payday Loan Industry In Numbers
#11
Maybe the problem is lack of knowledge on the importance of money management . People who do not know how to manage their money is most likely the ones who have debt problems. People should learn how to save money and to restrain oneself from over spending.
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#12
(01-22-2018, 06:46 AM)kaisantos2229 Wrote: Maybe the problem is lack of knowledge on the importance of money management . People who do not know how to manage their money is most likely the ones who have debt problems. People should learn how to save money and to restrain oneself from over spending.


I don't think this is the only problem. A reasonable, intelligent person should know how to allocate their financial resources well enough. After all, people who are eligible to take loans are adults and they have a job. They know how much they need in order to meet the demands of everyday life. It's when something unexpected happens (emergency or sickness), when most people use payday loans. The increasing prices add more burden to the whole situation, of course.
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