At some point in my life, I will need to buy a car, house, or other asset. There is also a great possibility that I will get a credit card in the near future. Knowing and learning more about this “debt trap” that other Americans are falling into can help prevent me from making the same mistakes. Furthermore, knowing this issue can help us as a society to be more understanding towards people who belong to the lower classes. People may be falling victim to some of these traps and without knowing how someone got to the social status they are, we can't make assumptions and place all the blame on them. The biggest thing that reading brought to my attention that I didn't know before, was how many hidden fees there are in the loan. Before reading this article, I always thought that when you take out a loan, you get X amount of money and then you just have to pay the money back as it increases by a set interest rate every year. With all the other “junk fees” talked about in the article, the loan seems much more difficult. It made me aware that I need to be much more careful when I start using a credit card and withdrawing others