When your mortgage is up for renewal, do you know what you are going to do? You will receive a slip in the mail from your bank saying that to renew all you have to do is sign the form and mail it back in. Pretty easy, right? Banks are hoping that you will be too busy and too lazy to look into all of your options before sending that little slip of paper back in to them.

Many young and older adults are not well educated in finance. When your credit score goes up for the first time or the tenth time, you may receive offers to borrow money from a plethora of lenders. Because advertising and gimmicks can be so persuasive, and people have very little education in personal finance, many people will take on debt from these offers that they don't necessarily need, and these debts may prevent them from getting a home.

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