Experts share tips for young Canadians finding themselves in debt for the first time
While enrolled in university, Eloho Orogun was approached on campus to apply for a $500 student credit card, advertised as a means to improve his credit score.
Met with a self-described shopping problem, it was not long before Orogun opened a second student card with a larger limit.
"The more money I had, the more debt I would get myself into," he said.
Poor spending habits and a lack of understanding of how credit cards work led him down a debt spiral that took him seven years to break.