by Tricia
Usually I hear all about debt in the United States and not many other countries. Doug sent me a link that I found very interesting:
No income? Students can still get a credit line for clubs
In Singapore, some of the major nightclubs are starting to offer students (age 21 and up) easy credit. These in-house credit cards have a limit of $2,000 and are meant to draw in the crowds.
Unfortunately, you have to get the print paper to read the whole story. But there’s enough there to realize that it’s not only U.S. young adults getting lured into the credit life (like with how in most colleges you can find some group handing out items like a candy bar in return for a completed credit card application).
If there are any international readers out there that know of articles about debt in their country, I would love to hear about them and share them on here. Feel free to link to them in the comments or you can send me an email.
