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Gambling Debts in Malta Create Concern

This is not surprising. Although gambling can be a harmless indulgence for some, it does have a corrosive influence, especially on the poorest and less educated section of the population. These are the ones that spend the most, both relatively and absolutely, on lottery tickets. Any basic service provider will tell you that business shrivels when the prize of the Super Five Lottery hits six figures as people forego even basic necessities.

It is a vicious circle. Those who least can afford it are the ones who get hooked most easily. Those who feel there's no way to improve their meager financial status, or escape their predicament through their own efforts, are the ones who are most inclined to resort to gambling.

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HSBC Bank Malta to Increase Credit Card Interest Rates

HSBC Bank Malta plc has announced that following the decision made by the Central Bank of Malta to increase the Central Intervention Rate by 0.25 per cent, the bank is increasing its interest rates charged on credit card lending. » Read More

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Credit cards are to be withdrawn from 161,000 Egg Customers. The internet bank is writing to 7% of its customers to give them 35 days notice of the withdrawal.
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Our friends at MasterCard are working on the purchase transporter using technology from Star Trek but until that is ready to release we'll just have to assimilate the new PayPass card.

Mortgage Industry Losing Jobs

In a twist that might feel like the ultimate irony, two friends in the mortgage business in the United States are now facing the loss of their homes by foreclosure due to missed mortgage payments. The same phenomenon s being experienced by people in England as home repossession rates increase.
There are a lot more terms and conditions that apply to applicants and users of this card and while I applaud the marketing department of the Post Office for their clever flyer that is handed out at the local Post Office, doesn't it seem a bit beyond reason to encourage people to apply for this financial liability product over the phone when there is almost no possible way for them to be fully informed about what they are applying for? Are we all to assume that every customer will faithfully read the enclosed terms and conditions when they arrive with the new shiny Post Office Platinum Card?
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