How to Avoid the Credit Trap: Staying Free From Debt in a Borrowing Culture
1. The Rise of Credit Culture Ten years ago, borrowing used to be an emergency move. Today, it’s just another Tuesday. By late 2024, personal loan debt across Europe hit an all-time high of €1.3 trillion, and it didn’t stop there. Buy Now, Pay Later (BNPL) programs—once niche—grew by a whopping 54% in Africa and …
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