A Man aged 57 set himself ablaze after having accumulated more than £150,000.
While using a Credit Card you do not actually have the feel of the money slipping from your hand and this has a psychological effect of not being acutely aware of spending.
Judicious use of Credit card requires a skill and a strong will.
I have seen my daughter and Daughter in Law doing it without paying interest whatsoever at the same time earning points to buy some thing free!
Do away with Credit Cards.
Mr Omar was suffering from depression and had told his GP that he had trouble sleeping due to his anxiety over money – but Mr Omar’s family were unaware of the extent of his illness.
‘He was a much-loved father and grandfather and will be sadly missed’
Ibrahim Omar’s son, Imran
His son, Imran Omar, said: ‘It has been a massive shock to the family and the community. He was a very popular, happy and enthusiastic man. He was a much-loved father and grandfather and will be sadly missed.’
Deputy coroner Alan Walsh recorded a verdict that Mr Omar took his own life while suffering from depression. He said his debts were made for the family’s benefit but had escalated out of control.