by Newsbreak Executive Producer, Salma Patel - The increase in the petrol price has a domino effect on the cost of living including food, transport, and daily living expenses. For young South Africans in their 20's this often includes paying off student loans and studying towards a qualification. This often leads to youngsters looking for a quick fix by applying for credit and then not having a plan to pay it off leading to a debt trap. Credit Card Product Head at FNB, Thabiso Tshabalala, says easy access, cost of living and lifestyle pressure is driving credit growth.......

<p>by Newsbreak Executive Producer, Salma Patel - The increase in the petrol price has a domino effect on the cost of living including food, transport, and daily living expenses. For young South Africans in their 20's this often includes paying off student loans and studying towards a qualification. This often leads to youngsters looking for a quick fix by applying for credit and then not having a plan to pay it off leading to a debt trap. Credit Card Product Head at FNB, Thabiso Tshabalala, says easy access, cost of living and lifestyle pressure is driving credit growth.......</p>

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<p>Award-winning Current Affairs programme and News talk show. Brought to you by SABC News.</p>