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People who report more debt than they can handle are often more vulnerable to consumer fraud due to several factors. Individuals facing financial distress may be more desperate for quick solutions to their problems, making them more susceptible to scams that promise relief or favorable financial products. This group may also be less inclined to scrutinize offers critically due to their urgent need for assistance, which can lead to poor decision-making.

Moreover, those overwhelmed by debt may lack the resources or knowledge to recognize fraudulent schemes or may be targeted by fraudsters who exploit their situation. Such individuals might be easier targets because they may be more inclined to trust promises that appear to offer a way out of their financial troubles, making it crucial for them to be aware of potential scams.

Understanding the nuances of financial literacy and the psychological impacts of debt can help shed light on why this group is at increased risk, distinguishing their circumstances from those of individuals who manage their debt more effectively or those who avoid borrowing altogether.