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Popularity: 16% [?]
Let me play the devil’s advocate and say that even though this seems to hurt the consumers in the short run, in the longer run this is a better approach.
- Credit Cards Malaysia Budget 2010
Consumption fueled by credit is neither healthy nor growth oriented. Look what it did to the US. Yes credit cards are convenient but you don’t really need more than 2 (a Visa and Mastercard possibly an Amex if you are frequent business traveler which can be charged to business).
This is not targeted to consumers like you but to lower income groups who end up getting snared in the debt and these are usually the people least able to afford the high interest and fees. Read the rest of this entry »
Popularity: 11% [?]
