New Delhi, Oct. 15 -- For several credit card users, rising living expenses and easy availability of these credit instruments have increased dependence on debt to meet day-to-day expenses. Still, the persistent rolling over of balances, along with high interest rates, can rapidly spiral out of control.

Unmanageable debt complicates repayments and has a psychological impact on the credit card user. That is why, even before availing of a new credit card, experts suggest that aspiring borrowers plan their repayments, structure their spending plans, and introduce discipline in both their lives and spending.

Manish Shara, Co-founder and CEO, ZET, advises "Start by understanding your outstanding balances, prioritise payments that are attracti...