I Kissed Credit Cards Goodbye!

Back over two years ago, I attended a seminar provided by a speaker who is a managing director of one of the leading banks in the Philippines.  I could no longer vividly remember what his topic was all about, but I do remember that he mentioned about the next “booming” industry for Philippine banks:  which is consumer loans.  House amortization and car mortgages would go less as compared to previous years, BUT there will be an increasing demand for customer loans.  How?  Through the issuance of credit cards!