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$3.3B Rollover Credit Card Debt in Peesai & Growing FAST!
- Thread starter makapaaa
- Start date
i cringe at the thought of organs for sale. :(
They have been selling organs in Geylang for 40 years. The thing is, you cant bring home those organs, you just pay rental of between $50 to $200 for an hour's use. LOL.
bro,
that one is rental lah... different
but imagine those poor folks selling their kidneys and liver... or even parts of their lungs... i mean they are very compassionate to share their organs, but the idea of it all when you link it to money, it's really... :(
strategy of fear - practised for decades. whenever the rulers feel threatened, such news come out. funny. never hear anything in july or august that people have overspent by so much!!! suddenly, it becomes an issue here that people r spending more than they can make.
these group of people will be eternally grateful to whoever comes in now to help them to escape bankruptcy. no prizes guessing who will come in now to stop the FIs from pushing the debtors too hard.
it is a threat, but i fear it is a valid threat. i pity those people who put themselves into those situation. they might very well get help now, and then if they vote for any other party during the next elections, they will find themselves devoid of all previous help suddenly.
these group of people will be eternally grateful to whoever comes in now to help them to escape bankruptcy. no prizes guessing who will come in now to stop the FIs from pushing the debtors too hard.
it is a threat, but i fear it is a valid threat. i pity those people who put themselves into those situation. they might very well get help now, and then if they vote for any other party during the next elections, they will find themselves devoid of all previous help suddenly.
effective interest rate of credit cards is not 24%, it is 36.05% (2% compounded monthly).
they still make money if 1 out of 4 defaults.
singapore default rates never above 10%.
I really do not understand your immature stupid logic. Why is it every time something goes wrong, govt must do something or be responsible?????are we talking of adults or are we talking or moronic children here who cow beh cow bu. Crap logic. get real. the majority of people who bought the lehman bros trash got themselves to be blame that's ALL. they were educated people who hunger for the higher interests and were greedy and it's a good wake up call that not everything in life is rosy like what the shitty times/newspapers/TV always said about property and stocks market last year.
Bankers and fund managers are in my opinion the worst type of crooks. The recent recession is a wonderful thing and I really mean it as it would give a good slap in the face for all these idiots who were very arrogant last years talking about buying BMWs, LVs, rolexes, houses and when you read them in the papers they are only in their 20-30s and you wonder where they get all the money. alot of them do not do any real work and contribute very little value to society in relation to their high pay eg bankers.
Served these idiots right now as they are retrenched/saddled with huge debts. why should govt bail them out all these credit card defaulters. They are the scums similar than loan shark victims who borrow from them with no collaterral and later complain to police about harassment(which they deserved it). These are the worst type of scums. No wonder they called us a nanny state.
you're right, and SM Goh would be very worried if no one got retrenched in Singapore...
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