Обзор арабского журнала бизнеса и менеджмента

A Study on Consumer Debt Stress Caused by Credit Cards

Abstract

Antony Jaishu

In recent years, there has been a dramatic growth in credit card usage among the people. This increase in the number of people holding credit cards and incurring credit card debt has generated concern that these people are overextended and unaware of the long-term consequences associated with severe indebtedness. Credit card unhealthy practices become been a world-wide challenge in the global business environment. The effect of default hits not only the victim, but also the banks, credit card companies, merchants and even the economies.