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    Bad debt plagues government's energy credit card scheme

    18.05.12

    The government's energy credit card programme has hit a speed bump, as up to 1 million baht has already been reported as bad debt under the scheme.

    Toemchai Bunnag, an executive vice-president of PTT Plc, said the scheme has 8.9 million baht in outstanding debt so far, with 1 million that became bad debt as several cardholders missed payments on the due date.


    Source: Bangkok Post

    Got Bad Credit? Card Issuers Want You Again

    18.05.12 NEW YORK (CNNMoney) -- Credit card issuers are ramping up lending to consumers with poor credit. But borrowers beware: The terms aren't always going to be good.

    Lending to subprime consumers -- typically those with a FICO credit score of below 660 -- climbed 41% last year, with banks issuing
    Source: KGTV San Diego