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Managing cash flow and bill payments
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When money is tight, consumers often pay bills in a way that makes the problem worse, with late fees, penalties, and higher interest rates. Research shows that consumers have many reasons for their actions. To gain insight into why it’s so hard for consumers to organize and manage their financial lives, consider these factors.
Author: CFPB - Consumer Financial Protection Bureau
Topic: Financial literacy
Publisher: CFPB - Consumer Financial Protection Bureau
Location: United States
Format: Toolkit
Content Type: Tools
Publication Date: February 28, 2017