Attention credit card users! Prof. Dr. Hayri Kozanoğlu warned: ‘Debts will explode’ – Last Minute Economy News

Attention credit card users!  Prof.  Dr.  Hayri Kozanoğlu warned: ‘Debts will explode’ – Last Minute Economy News

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The country is going to elections under a major economic crisis. In the last few months, citizens have become increasingly poor as a result of the Central Bank’s increase in policy interest, credit card regulation, the ongoing rise in the exchange rate, deepening income inequality, unemployment, and increasing inflation with consecutive increases.

With all this happening, it is a matter of curiosity how the economy will be after the election.

Economist Prof. Dr. Hayri Kozanoğlu shared his predictions for the post-election period on his social media account. Stating that various regulations will be made on credit cards after the local elections to be held on Sunday, March 31, Kozanoğlu said:

“After the elections, steps such as increasing the interest rates of credit cards, narrowing their limits, and increasing minimum payment rates will be taken. Acute debt payment problems will arise.

“The ‘debtors movement’ has very serious potential as a dynamic form of social resistance!”



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