Ep – 45
12 Aug 2025
Credit can transform your life if used wisely, but misuse can trap you in a cycle that’s hard to escape. In this episode of Simple Hai!, Manish Shara, Co-Founder & CEO, ZET, joins our Co-founder & Editor-in-Chief, Vivek Law, to discuss the realities of India’s credit system and why it doesn’t work for everyone.
He highlights that India’s credit card penetration is just 5%, even lower than in many other developing countries. The current banking system primarily serves high-income individuals, leaving low-income earners with almost no access to loans or credit. Manish also reveals how many people unknowingly become guarantors for others’ loans, dragging themselves into a never-ending debt cycle.
This conversation uncovers the true importance of credit scores, the dangers of irresponsible credit usage, the social “show-off” culture, and the urgent need for better financial education and awareness.
If you want to understand how credit works, the risks involved, and the ways to stay out of debt traps, this episode is for you.
Watch this eye-opening discussion with our Co-Founder & Editor-in-Chief, Vivek Law, only on the Simple Hai! YouTube channel.
Leave a Reply