Quote Originally Posted by itsme_iye View Post
Yeah... before if you want to apply for a CC it takes long before it will be approved and loads of requirements from the applicant aside from the fiancial status. As if you're begging from them just to have a CC but now applications are everywhere. When you go to your bank they will ask you if you already have a CC because if you don't have they will give you the appl form and brochures. Even if you're just walking in the Malls the applications are being distributed by agents and stalls are built in the promenade for them to promote their CC, you're being approach by them and they encourage you to sign up. Right there you can apply for a CC. It's just that easy.... Then it is now the people who will say " no thanks , i don't need that"...Times has changed....
That is very very scary and I hope (but hold little chance of it happening) the goverment clamp down fast.

As people saw many people made a fortune in the west and elsewhere and then got very little comeback from the mess they created.

I know for a fact the Wife and her friends, plus her young peer group relatives who are the highly educated people phill needs to push on. Have very little knowledge and experience of credit (seen interviews of young professional indians as well on the same issue) who have no older people who really understand what its all about to guide them.

One thing I dont want to see in phill is the same mess some people in the west found themselves in