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PRs, new citizens chalking up huge card debts

Thread starter iamtalkinglah
Start date Jan 31, 2010

iamtalkinglah

Alfrescian

Loyal

Jan 31, 2010

NEW citizens and permanent residents (PRs) are an emerging group struggling with credit card debt, forming at least 10 per cent of the 1,285 clients handled by Credit Counselling Singapore (CCS).
CCS, an organisation which provides counselling and helps debtors work out repayment plans, said these debtors - many of whom have racked up large credit card debts - come from various countries, including Malaysia, the Philippines and India.

Their numbers have been growing over the last two to three years, said CCS assistant director Tan Huey Min. Of these, individuals from the Philippines form one of the largest groups.

Not sure whether you have seen this posted last Thurs. FYI.

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