Loans have now become a simple matter. The more developed the country is, the more people are in debt because the percentage of credit card use is high in developed countries and credit card is a type of debt. yes I agree that all smart people use credit cards and using credit cards means borrowing. There are some countries where a person can purchase and enjoy luxury items based on credit card points score. If someone has a low credit card points score they will not be eligible to purchase them. In those countries, the government is pushing people into debt. So the smarter you are, the higher your loan amount will be
In fact as people become more modern they feel comfortable using other people's money even if they do not have money in their own pockets. And the banking system wants to use this opportunity to save their own interests. The snake does not die and the stick does not break. And that is the smartness that can exploit all opportunities. But is it really so?
It is not unusual anymore that there is a situation where is all -round technology. The use of credit cards is very advanced and massively used. They are right, as you say it's better to use other parties' money than your own. But if they are wise, then they will pay in full all the loans that have been made so as not to be exposed to interest, but those who are not wise to use them will actually be increasingly wrapped in the debt that continues to grow.
If smart and intelligent, he will use the facility for purposes that are indeed useful and not actually destroy his life.