The Malaysian Insider, 26 Feb 2009
SINGAPORE, Feb 26 — Credit card debt in Singapore hit an estimated S$3.4 billion (RM8.2 billion) last December, the highest for that month in 20 years. More people have also sought help in settling their outstanding bills.
Going by figures from the Monetary Authority of Singapore, the number of credit cards rose 11 per cent in the last year, but rollover balances jumped more than 13 per cent.
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