Tag: auto loans

Credit Card Loans — More than One-Fourth of Total Consumer Loans in Philippines

Where do Filipinos use their bank loans? Based on reports from the Bangko Sentral ng Pilipinas as of the last quarter of 2010, Filipinos used loans to buy: 1. Homes 2. Cars 3. Appliances, cellphones, food, clothing, shoes and household needs (everything that credit card can buy). It’s sad that more than one-fourth of total […]