¿Por qué los bancos continúan prestándole a alguien que claramente no puede pagar?

The banks approved three credit cards for him even though he earns approximately RD$22,000 a month, and today he owes RD$150,000. In this episode of the elDinero Podcast, we analyze this real case and explain how to get out of debt without worsening your financial situation. The young man is 23 years old, works in a free trade zone, studies engineering, and lives in a household with various financial responsibilities. However, in addition to his low income, he ended up accumulating debt far exceeding his ability to pay. How can someone with that salary receive multiple credit cards? Do banks actually verify how much a client owes before offering new products? To what extent are bank employees' sales targets causing loans and credit cards to be approved for people who don't qualify? In this episode, we discuss: • The dangers of accepting multiple credit cards when getting your first job. • How banks calculate a person's ability to pay. • The role of sales targets in credit card and loan approvals. • Why paying only the minimum can worsen debt. • How to consolidate credit card debt with a bank loan. • Why credit cards should be paid off and canceled completely. • Alternatives to increase income and reduce debt. • The importance of controlling spending and resisting peer pressure. • When is it a good idea to sell an asset to pay off debts? • Why financial discipline is essential to regaining stability. The main recommendation is clear: find a way to consolidate the RD$150,000, cancel the three credit cards, go a while without using credit, and focus on generating more income. Simply clearing the balances on the cards to start using them again won't solve the problem; a complete change in financial habits is necessary. We also discussed family responsibilities, the need for independence, and the sacrifices a young person must make when their debts far exceed their income. You shouldn't be ashamed to say you can't spend. What's truly dangerous is continuing to pretend you have financial stability when you don't, and continuing to go into debt to maintain a lifestyle your income can't support. Watch the full episode, share your opinion in the comments, and subscribe to the elDinero Podcast for more conversations about personal finance, credit cards, saving, debt, banks, and financial education in the Dominican Republic. #GetOutOfDebt #CreditCards #PersonalFinance