Dear Present,

I’m just going to jump right in,

It is funny how the majority of the black community are against borrowing money, credit cards, financing cars or other items. It seems like the black community, in general, look down on people that lease or finance cars and look at credit cards as some type of VIP one-way ticket to hell. Not understanding, that financially (for people with a stable income), these things are more beneficial in our short and long term lives.

Personally, I think the problem is thelack of financial education or with the understanding of how the banking system works or how it makes its money.