Others   

Spend on credit for a start S$500/- only

correction:

bad spending habit starts from few dollars to few hundreds.. now Citibank is out to ruin the new generation over a few dollars of profits?..

 

bad spending habit starts from few dollars to few hundreds.. now Citibank is out to ruin the new generation over a few dollars of profits.. 

 

What has been preaching in US Amerian for a long, long times...eszi credit, housing woes, Sub prime woes , buying expensive items..and don know how pay back, or don know how to solve their own problems, now they are bring here to preach to the young, starting with S$500/- only.  Just sharing my tot.

 

Sunday Times July 29, 2007 (INVEST...page 25 big news

Have Credit Card, No Income, Know Your Risks.......

What is happening every where and here, got to happen. woes, more woes..one and only way is to Guide kid on how to save, manage and invest and spend ($$$) money the proper way at the earliest day.

Condition apply. One must spend a minimum of say $200 every months over next two (2) to three (3) months with big advertised word like ZERO Interest apply for the next Six (6) months.

End of the day. Just wondering who is going to own up and pay off those depth spend by kids and teens. Under 21years old need the consent of their parents, while parents have problem paying up their Principal amount plus interest, plus their teen or kids spending money (w/o earn income).

Citi Bank at a whopping charges of 28% annual rate

Recent example is one local U.Student inducement, got hook up after the initial win of a few ten of thousand of dollars, believe-ing his son is genius, punting on stocks alone has caused his parent to fork out about $300,000 of his life saving hard earn money to save his son skin....and believe me his parent is not a very man. 

More Bank-rupt order is coming.....not only for adults but also for teens and even kids.    

 

Hi Gho485, Hope U don mind to share it here..thk Ya !

gho485	Posted: 28-Jul-2007 05:53
* Alert Admin	Credit woes...at the end of the day, where are the bank going to get the $ from their clients?  This issue is big...its not going to go away in a day or two. It require time to fix up this borrower's issue. Lot of ppl's will be declare a bankrupt, i reckon.

 

This is what happening in... right now in Singapore..

The SG is trying to stablizling it so as not to be too overly to allow price to shoot over the roof. For more info refer to those related news.

Government releases more quarterly data on rental rates
By Daryl Loo, Channel NewsAsia | Posted: 27 July 2007 2352 hrs

	Photos 1 of 1
	<> Related News ? Singapore property prices up sharply in Q2 ? Government plans to release more market data on rents for HDB flats ? Prime office rents up 23% in Q2: report Related Videos Government releases more quarterly data on rental rates

 

SINGAPORE: More information on the property market has been released to give members of the public a clearer idea of where prices may be heading.

There are now figures on rental and vacancy rates for shops and offices, as well as rentals commanded by both private homes and HDB flats.

The additional figures came as final numbers from the Urban Redevelopment Authority (URA) showed private residential prices climbed by 8.3 percent in the second quarter, higher than earlier estimates.

According to new rental data out on Friday, overall office rates went up 11 percent in the second quarter.

 

The once-endless stream of cheap credit is starting to dry up; buyouts, corporate deals take a hit.

 

This above to spend w/o any earning income...plus one have to pay interest on those S$500/- spend, say 15% to 0% per annually is happening here in S'pore..

Another headline news happening in US.... Woes, more woes and they are bring it here to Singapore......

11:35am:  The once-endless stream of cheap credit is ending - and that's making investors around the world very nervous. (more)