Not if the contract is entered voluntarily.
You can’t voluntarily put yourself in slavery? I think not.
If you owe something you are a slave until the debt is paid be that credit or anything else.
Proverbs 13:12 says “Hope deferred makes the heart sick, but when the desire comes it is a tree of life.” In other words, when you can see something at the end of the tunnel that’s not an oncoming train – something that’s real light and real hope – you get excited. Think about it. There’s not one place in scripture where God uses debt to bless his people. In fact, the Bible calls debt a curse.