The Economic Times

Man wanted to buy iPhone from neighbour's credit card, who refused. Bengaluru CA explains why the request raised a red flag

A Reddit user refused when his neighbour asked him to let his cousin buy an iPhone using his credit card on a 12-month EMI. Bengaluru CA Meenal Goel reacted to the incident, warning about the growing focus on monthly affordability. She pointed out that consumers often ask whether they can pay Rs 10,000 a month instead of whether they should spend Rs 1.2 lakh, highlighting the risks of EMI-driven spending.