The Dangers of Credit Cards: A Young Man’s Journey into Debt

2023-07-08 03:17:14

Debt » «I was offered this card with a significant discount on my purchases if I took the loyalty card. The problem is that when you buy, you have to repay followingwards.” Barely into his twenties, Olivier* does not realize what is at stake when he subscribes to a credit card offer at Manor. Enough to give presents to his loved ones at Christmas, when he is already dragged down by the spiral of indebtedness.

“It was very simple”, continues this young Vaudois. “All you had to do was fill out a form to make the purchases the same day. And we receive the card at home a few days later. As he accumulates debts, he continues to take out loans using these cards. “I didn’t need it

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