Credit card defaulters' numbers creeping up
More could get caught in debt trap if bankruptcy, jobless figures go up. -ST
Wed, Nov 26, 2008
The Straits Times
By Gabriel Chen
CREDIT card users in Singapore are not defaulting in significant numbers despite the challenging economic times.
However, the number of card users getting into trouble is creeping up.
And industry insiders warn that if unemployment continues to rise along with the number of bankruptcies, many more could get caught in the plastic debt trap.
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