Sunday, November 30, 2008

Loans Continue To Be Take Out by Hispanics

By Jaime Cervantes

Today all over America, Hispanics are using loans to make big purchases.

The reason for this behavior is simple, they do not have the money to pay for the full prices of merchandise that they want.

Some Hispanics however would never take out loans. They carry cash and pay with cash whenever they make purchases.

But when it comes to making big purchases for some reason Hispanics are paying by taking out loans.

The weekend is the time with Hispanics go out and make purchases. Some weekends Hispanics buy furniture on credit or else their vehicles.

For Hispanics big purchases is a huge event. Whole families will get into a vehicle and go to the store and make a purchase.

Hispanics will stay together and travel together often to make the purchases. Because of this they often co-sign for each other. In doing so they all buy into making payments on purchases.

Hispanics continue to go deeper into debt by taking out loans to make purchases. They just need to be educated on how to properly use money.

Until people educate Hispanics about not taking out loans they will continue to do so. - 16003

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