Credit Cards: The Sneaky Debt Trap in the Philippines 🇵🇭
Автор: Eland Verastigue- Licence Financial Advisor
Загружено: 2025-05-03
Просмотров: 107
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Did you know the first credit card was invented in 1950 for convenience? 💳
Fast forward to today, and for many Filipinos, they've become a major source of debt. This video reveals the uncomfortable truth: credit cards weren't designed to benefit you – they profit from your interest payments. Learn about the historical shift in the 1980s that led to skyrocketing APRs and the cycle of debt many face. Before you get lured in by "rewards" and "cash back," understand the real cost. Let's discuss the reality of credit card debt in the Philippines and explore real solutions to break free.
#CreditCardDebtPH #FinancialFreedomPH #DebtTrapPH #PinoyFinanceTips #BreakFreeFromDebtPH
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