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CCCU Financial Insight: Think Before Lending Your Credit Card

Posted at 12:40 PM, Apr 02, 2018
and last updated 2018-04-02 15:40:16-04

A recent study finds that 49% of Americans that have a credit card have loaned their card to others to use -- which includes friends, co-workers and family.

And of that group, 35% suffered some type of negative consequence.

Todd Lane, President & CEO of California Coast Credit Union explains why we shouldn’t lend our credit cards.