The lawyer noted the importance of assessing financial capabilities before opening a credit card.

Before using money from a credit card, it is important to adequately assess your financial capabilities, even if force majeure has occurred. Otherwise, spending borrowed funds can lead to serious problems. On August 15, an expert in the field of bankruptcy, lawyer Dmitry Kvasha, warned about this in an interview with Izvestia.

Speaking about the increase in credit card debt, he noted that consumers themselves are to blame for the current situation.

"This is primarily a matter of financial literacy. Someone who still has to assess their capabilities, abilities, financial situation and how they will continue to cover this loan, even in the event of some kind of force majeure," the lawyer noted.

Kvasha added that the inability to pay the debt will worsen the credit history, and may also lead to the need for bankruptcy. According to him, in the worst case, the bank seizes the property if available and puts it up for auction. He clarified that at the same time, the person remains in debt, since the property probably will not cover the bank loan.

"The only housing is not taken away if it is not the subject of collateral, if it is not a mortgage apartment," the expert added.

In the event that the borrowed money still had to be used, and the person was faced with the need to pay off several loans at once, Kvasha advised to direct efforts to repay the debt with the highest interest, and then "follow in descending order."

The lawyer stressed that the danger of the habit of living "on a grand scale" and paying for it later lies in the unpredictability of the future.

"It is impossible to say that this is "evil". You just need to approach this product consciously, and if you take [borrowed funds], then you need to understand how you will repay it," he concluded.

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