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- Oct 26, 2008
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Most people in the $20k-$30k range are the cheap FAKE TALENTS.
Already, there have been numerous incidents of these FTs holding garage sales just hours before they board the plane. They even sell the owner's appliances like fridge, aircons, cookers, washing machines.
Their modus operandi is to owe u rent first to offset their deposit.
So be careful when renting to these jokers.
Now with credit facilities easily gained, this is the group that is being targetted. They will spend and spend until too late. Wait and see if I am right.
Gov Lowers CreditCard Min Income To $20k
Coffeeshop Chit Chat - Gov Lowers CreditCard Min Income To $20k Subscribe
From: SGNEWSALTE 3:30 am
To: ALL (1 of 2)
7950.1
Instead of promoting fiscal prudence for the lower income group, the govt is now encouraging them to go into debt spending. MAS had announced today that wef 1 Mar, the minimum annual income for credit card will be lowered from $30k to only $20k. This policy change by the PAP govt cannot come at a worst time than now. This is not the time to encourage the people, especially those from the lower income bracket, to get into any sort of credit card debt. Is the PAP govt doing this to boost domestic spending and save the financial institutions and credit card companies at the expense of making more people backrupts? Isn't the PAP govt concern about rising delinquency in credit card debt as reported just yesterday? As for boosting domestic spending, didn't MM Lee stated clearly that it will not help when responding to the suggestion of giving handouts for citizens to spend. The PAP govt is against giving such handouts, but instead is in favour of citizens go into debt to boost domestic spending. This is simply fucking outrageous!
http://www.businesstimes.com.sg/sub/latest/story/0,4574,320821,00.html?
Minimum income for unsecured credit facilities cut to S$20K/yr: MAS
By SIOW LI SEN
Financial institutions (FI) from March 1 can offer unsecured credit facilities to individuals with a lower annual minimum income of $20,000 from the current $30,000, the Monetary Authority of Singapore (MAS) said on Wednesday.
Already, there have been numerous incidents of these FTs holding garage sales just hours before they board the plane. They even sell the owner's appliances like fridge, aircons, cookers, washing machines.
Their modus operandi is to owe u rent first to offset their deposit.
So be careful when renting to these jokers.
Now with credit facilities easily gained, this is the group that is being targetted. They will spend and spend until too late. Wait and see if I am right.
Gov Lowers CreditCard Min Income To $20k
Coffeeshop Chit Chat - Gov Lowers CreditCard Min Income To $20k Subscribe
From: SGNEWSALTE 3:30 am
To: ALL (1 of 2)
7950.1
Instead of promoting fiscal prudence for the lower income group, the govt is now encouraging them to go into debt spending. MAS had announced today that wef 1 Mar, the minimum annual income for credit card will be lowered from $30k to only $20k. This policy change by the PAP govt cannot come at a worst time than now. This is not the time to encourage the people, especially those from the lower income bracket, to get into any sort of credit card debt. Is the PAP govt doing this to boost domestic spending and save the financial institutions and credit card companies at the expense of making more people backrupts? Isn't the PAP govt concern about rising delinquency in credit card debt as reported just yesterday? As for boosting domestic spending, didn't MM Lee stated clearly that it will not help when responding to the suggestion of giving handouts for citizens to spend. The PAP govt is against giving such handouts, but instead is in favour of citizens go into debt to boost domestic spending. This is simply fucking outrageous!
http://www.businesstimes.com.sg/sub/latest/story/0,4574,320821,00.html?
Minimum income for unsecured credit facilities cut to S$20K/yr: MAS
By SIOW LI SEN
Financial institutions (FI) from March 1 can offer unsecured credit facilities to individuals with a lower annual minimum income of $20,000 from the current $30,000, the Monetary Authority of Singapore (MAS) said on Wednesday.
