Wednesday, January 14, 2009
You don’t say!?
Did you know that HSBC in teh UAE don't have a debit card facility? Yep, that means everyone buys everything on credit. Oh, and cars are pretty much all on credit too (and some banks are kind enough to offer "rent loans" so you can afford your overpriced one bed). I would say that the amount of money borrowed against cars, on credit cards and as mortgages on property is mind-blowing.