Monday, June 21, 2010

Credit Card Menace

Got a friend who recently had a problem with his credit card. Due to the slow down in the Semicon Industry, he was one of those thousands who were laid-off. Problem was, eventhough he lost his job, their family still needs to eat and so, his only alternative ---- plastic money.

To cut a long story short, due to non-payment for sometime, the bank sued him and filed a lawsuit against him. Do you know how much he owned the bank? ---- P150,000.

Lesson he learned: banks really mean business. So if you have a credit card, be responsible. If you can't pay, don't use it.

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