Q: What is the impact of credit card usage and how has credit card debt affected?IntroductionL The use of credit cards is growing and has had far-reaching effects on the economies of cities like Hong Kong. The growing use of credit cards may be because the credit card is a useful and popular payment tool, also used in the 18th century and originating in Europe. The use of credit cards began between merchants, businesses and their customers, such as in the United States, where oil companies and hoteliers provided credit cards and authorized their use for customers. In the 19th century, confirmation of credit card use increased; therefore, businesses and merchants have allowed more foreign credit cards. Currently, the credit card risks becoming indispensable, due to the sudden development of the credit card system. Although there are benefits to using credit cards, such as installment payment and savings-friendly effects, it also poses risks to financial systems. An example of risk is that consumers' credit card limits may exceed budgets, which may lead to the inability to pay....