The Myths and Realities of Online Lending
In 2021, Ipsos Mori conducted a survey that revealed a shocking reality: about 90% of people in England felt they had learnt very little about money and finances in school. The findings of this survey go to show poor understanding of money and money matters is a grim reality of the world we live in. Given the ongoing uncertain economic environment, the importance of financial education and becoming financially literate in today’s world cannot be overstated. Not learning or fully grasping financial concepts in early years can negatively impact financial decisions as an adult. People who don’t understand how money works can run into debt and put their financial health at risk. At the same time, not being financially literate promotes the spread of financial misinformation like common myths and misconceptions. After savings and credit cards, digital lending or online lending is a hot topic among working professionals. However, the way digital lending works is not completely understood, and there are multiple misconceptions surrounding it, preventing individuals from taking advantage of its benefits. Are you confused about online lending? If you want to dispel the common myths and discover the realities of digital lending, then this…