Rachel Moore was an optimistic, cheerful, friendly woman who had recently graduated with a bachelor's degree in business management. She had used scholarships and grants while working 30 hours a week to make up the difference in tuition, and had graduated debt free—becoming the first in her family to earn a college education.After moving to start a full-time job a marketing manager at a marketing company, Rachel had recently been told that the house was being sold, so she had to move quickly.Rachel found an apartment within 10 minutes of her office and was set to move in two weeks. But she soon realized there were many things she needed in order to furnish the new apartment, and she estimated their cost to be $3,000. Although she had some savings from her new job, she knew it would not be enough. Rachel had been dating Michael, an investment banker, and they had discussed that she had no debt from college and that she had no credit. Michael had encouraged her to get a credit card, but she had been dragging her feet. She had always been taught that debt and credit cards were bad things and that she should always try to pay cash if possible.Rachel felt comfortable asking Michael his thoughts on what her options were for getting a loan for the furniture she needed. They decided to meet at his apartment so he could explain the various loans available to her. Excerpt UVA-F-1867 May 20, 2019 A Quicksand of Loans: Loan Types Introduction Rachel Moore was an optimistic, cheerful, friendly woman who had recently graduated from the University of Virginia. Hailing from Chesapeake, Virginia, she was the youngest of four children in a very loving, supportive, Christian family. Rachel was the first person in her family to graduate from college and did not mind that it took her six years to complete a four-year degree. She had managed to earn her bachelor's degree in business management thanks to scholarships and grants while working an average of 30 hours a week at a telemarketing firm to pay the difference in her tuition. She was proud to have graduated with no debt. Rachel had just moved to Fairfax, Virginia, to start her first full-time job as a marketing manager at a marketing company. She rented a room on a month-to-month basis in the house of an older retired woman and had been working for two months when the property owner gave her notice that she was selling her home and moving to Florida to be near her children. . . .