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Tag Archives: china

Oh China, You So Funny. This is Going to Hurt.


According to Shanghai Daily, consumer debt is rolling out to middle and low-income earners in China and in my opinion this will just leave innocent people slaughtered by easy credit. Imagine living in a country where easy credit has never been available and then having your first taste of it. It will be like doing meth for the first time ... Read More »

    Hey China, Whose Laughing Now That You’re Our Credit Card Bitch

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    We hear so much in the press about how the U.S. is so indebted to China. But the U.S. is a world leader in the creation of one economic tool, debt. Typically what seems to happen is credit card marketing and products are created first in the U.S. and spread all around. From what I see, the UK was a ... Read More »

      I’m British With UAE Debt But Living in China. – Aaron

      Ready to Collapse

      “Dear Steve, I am a UK national and recently left the UAE after working for 18 months, due to Emitarisation, which made my position incredibly unstable and other personal matters, leaving me with the prospect of imprisonment for none payment of debt. I left the country with debt in the Region of AED 600k, to various banks. The “crackdown” on ... Read More »

        FTC Gives APEC Cross-Border Privacy Rules Thumbs Up For Consumer Information Protection

        Yesterday, President Obama and representatives from other Asia-Pacific Economic Cooperation (APEC) economies met to discuss consumer cross-border data privacy protection at a meeting in Honolulu, Hawaii. The meeting focused on the APEC Cross-Border Privacy Rules, a new initiative to harmonize safe data sharing across country borders and enhance the protection of consumer data that moves between the United States and ... Read More »

          In China, Credit Card Debt Enslaves. Anyone Surprised?

          It isn’t a big shock to find out that the credit craze and panic is exploding around the world. The credit craze and panic works like this: Stage One: Craze – apply and get approved for credit and go crazy racking up the balance. Stage Two: Panic – after you’ve expended your credit resources you panic as you try to ... Read More »

            Boy in China Kills Self to Avoid Debt Collector and Getting Legs Sawn Off

            Ready to Collapse

            Wow. It looks like being in debt in the U.S. is a lot better than in China. Nobody is getting their legs sawn off here. Here is a story from China. The parents of an 18-year-old boy who committed suicide are suing for 760,000 yuan ($111,340) the man they say drove him to it. Father Liao Liubin and mother Dan ... Read More »

              I’m Living in China and Having Problems With Capital One. What Should I Do? – Christina

              Ready to Collapse

              “Dear Steve, I opened a Capital One card in September 2005 in order to have an emergency card while I was on a trip to China. The card never arrived in time and from December 2005 onward (before I even used any charges on the card!) I repeatedly asked to close the account. After much a struggle to try to ... Read More »

                In China, Pay Your Credit Card Bills or Get Hustled Off to The Bank

                Ready to Collapse

                In China, it's pay up ... or else Seattle Times, United States - 41 minutes ago Since then, he has pared his overall credit card debt to $2900. "I am so ashamed," Deng said. "I have no face to meet my father. When I look back, ... Read More »

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