What can be a consequence of ignoring established credit spending rules?

Ignoring established credit spending rules can lead to increased debt because individuals may overextend their borrowing and spending beyond their means. When credit spending rules, such as maintaining a low credit utilization ratio or making timely payments, are overlooked, it often results in accumulating high-interest debt. This can happen when individuals rely excessively on credit for purchases without considering their ability to repay, which leads to a slippery slope of borrowing more to cover existing debts and interest. Consequently, the balance owed can grow larger, making it increasingly difficult to manage finances effectively. Recognizing and adhering to credit spending rules is crucial for maintaining financial health and avoiding the pitfalls of debt accumulation.