Debt Traps and Serious Consequences
Module 2: Rules of the GameLesson 5 of 8
Payday loans, high-interest credit card cycles and other products built to keep you paying, what happens when debt goes to collections or wages are garnished, and how to get out.
Video.Watch on Google Vids (opens in Google Vids, in English)
Worksheet.Open on Google Drive (print it or fill it in on screen)
Captions.Captions: to be added
What it covers
- Payday loans and predatory lending
- Credit card interest traps
- Collections and charge-offs
- Wage garnishment
- Bankruptcy basics
- How to get out of a debt trap
Not sure what a word means? Look it up in the glossary.