The number of credit cards in use in the Philippines rose to 6.5 million as of February this year, prompting Bangko Sentral to respond to growing complaints against abuses in the use of these cards.
“Credit card base is now 6.5 million. Out of the total, we received 2,400 complaints or just 0.01 percent of the total base,” Johnny Noe Ravalo, managing director of Bangko Sentral, told reporters in a news briefing Friday.
He said the number of credit cards had risen from just 4 million two years ago.
There were 4.5 million to 4.6 million credit card users in the country, with a number of them holding multiple cards, Ravalo said.
Data showed that as of September 2010, credit card receivables reached P133.9 billion, up 2.9 percent year-on-year. Credit card loans represented 4.8 percent of the total consumer loans.
Complaints against unfair credit card collection agencies topped the list received by the financial consumer affairs group of Bangko Sentral, which was created in 2006. –Roderick T. dela Cruz, Manila Standard Today
January – ZERO WASTE MONTH
“Stop wasting our money.
Stop corruption!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the 2021 ILO Commission of Inquiry recommendations
against serious violations of
Forced Labour and Freedom of Association protocols.
Accept National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands
#Report Corruption #SearchPosts #TakePicturesVideos
January
24 Jan – International Day of Education
26 Jan – International Day of Clean Energy
Monthly Observances:
National Microinsurance Month
Zero Waste Month
Weekly Observances:
Week 1: National Time Consciousness Week
Week 3: National Mental Health Week
Last Week: Children’s Week
Daily Observances:
January 6: Community Development Day
Third Sunday: Children’s Day
Day of Sanctity and Protection of Human Life
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