Tag Archives: Filipinos caught in credit card trap

Be Investment Literate or Go To Jail – Tales of Modern-Day Debt Slavery

After the rather drab tutorials of the last two posts, it is time we take up again more controversial issues; they seem never to run out nowadays.

About two weeks ago, my attention was caught up by stories of our countrymen, fellow OFWs, as well as expatriate workers from other third world countries, being caught in debt trap in one of the oil-rich kingdoms of the Middle East.

Continue reading

Posted in Debt Crisis, Savings Discipline | Tagged , , , , , , , | 10 Comments