EXPERIENCE IS THE TEACHER OF ALL THINGS
-Julius Ceaser

Sunday, June 29, 2008

More Turning To Credit Card

Berita Harian report that more people are turning to credit card to buy fuel. So what the heck. You have your credit card, might as well use it. To me it is not the matter of owning one or two credit card but the trend of going into debt. We have already been told that number of bankruptcy among Malaysians has been in thousands with millions in debt. Now does this trend of turning to credit card to make ends meet not give a clue to the government? People needs ready cash for more things that is on their priority list where credit cards are "not valid".

Penggunaan kad kredit untuk urusan pembelian minyak di stesen minyak seluruh negara meningkat antara 15 hingga 20 peratus sejak kerajaan melakukan penstrukturan semula subsidi minyak awal bulan ini.- Berita Harian.

The latest statistics by PDAM shows that buying of diesel using credit card has increased to 95%, compared to 80% before while petrol increased to 75% drom 55%. Doesn't this give a warning sign to the government that the debt rate among Malaysian is increasing? That statistics alone is just for fuel. There other sectors too where people will now tend to use credit card. Slowly the number of blacklisted Malaysians in CTOS, CCRIS will escalate. What is more alarming is that orang kampung is now starting to use credit card for fuel purchase. .......penduduk kawasan luar bandar yang sebelum ini jarang menggunakan kad kredit mencatat peningkatan hingga 30 peratus.- Berita Harian.

So, we have voted BN in for kesejahteraan rakyat Malaysia.

1 comment:

styleinfluence.NET said...

Credit card debt is on its all time high with today's economy. Hopefully people can obtain the help they need to get out of debt. Thanks for the article!

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