Fri, Feb 24, 2006 - Page 2 News List

Government aims to help `card abusers' with debts

By Jimmy Chuang  /  STAFF REPORTER

The Financial Supervisory Commission (FSC) and Council of Labor Affairs yesterday introduced more solutions to help people suffering from heavy card debt.

"Our study and statistics showed that more than 60 percent of these credit abusers are aged between 30 and 49. Most of them owed huge amounts of money because they are unemployed or lost a lot of money through investments gone wrong," FSC Chairman Kong Jaw-sheng (龔照勝) said.

The FSC, the council and the Ministry of the Interior yesterday organized a joint press conference at the Government Information Office to introduce solutions to help those heavily in debt as well as those threatened by loan sharks.

Kong said that help lines at the FSC would help credit abusers solve their problems and organize a plan to help them pay back their debts month by month.

"Most of these people are willing to pay the money back but they can't because they are unemployed," Kong said. "Helping these people is our priority."

In addition to people in debt, threats from loan sharks are another problem that concerns the government.

"Many loan sharks try to get their money by using violent behavior." Minister of the Interior Lee Yi-yang (李逸洋) said.

"We have also set up a special line that victims of violence can use to call for help." Lee added.

The FSC line for help with credit-card debt is 0800-869-899.

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