RE: Be careful with loans / Hay que tener cuidado con los prestamos [Spanish / English] .
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Yes, the need for financial education is important when it comes to money matter. Going through such education would help one understand how loan works, the interest rates, how to make informed decisions in order not to be trapped.
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In these current times I believe that almost all of us evaluate our finances, equally all of us have fallen at one time or another in insolvency before a bank or a person. As a piece of advice and as a former bank employee, let's not get into debt more than 30% of our income after covering our fixed expenses.
You are right and I agree with you. We need to be careful with our finance especially going into debt because of bad loans.