It’s worse than that. Credit nowadays is literally debt slavery. Since there is no gold and silver backed currency anymore we are left with fiat currency, fake money, more precisely- Monopoly money printed by a privately owned bank. Hell, now when you go for a loan at a bank all they do is create a ledger with your name on it with a bunch of zeros after it then charge you interest for using something that they just created out of thin air! And since there is no real money only promissory notes, meaning promise to pay, makes you a debt slave because you can never pay a loan off, you can never really own anything!