• Sat
  • Nov 29, 2014
  • Updated: 3:17pm

Credit Bureau

School's over. Now pay back the loan

If you're late on your mortgage payment, you risk losing your flat. Default on your bank loan and scary collectors pay you a visit. But if you're a university graduate and bail on your student loan, you get letters in the mailbox.

Wednesday, 16 November, 2011, 12:00am

Law aimed at equality for bank borrowers

The central government proposes a ban on credit bureaus and agencies collecting information on a person's ethnicity, family background, religion or political affiliation.

14 Oct 2009 - 12:00am

Red-letter day looms when consumers can turn screw on ham-fisted lenders

The remaining fig leaf that covers bankers from charges of running a lending cartel should be stripped away on June 6 - the day when credit officers may begin trawling through an industry-wide pool of loan data to check how much money their customers owe rival lenders, and whether their repayments are up to date.

21 Apr 2005 - 12:00am

Accountants oppose positive data sharing

Most Hong Kong accountants oppose a plan by banks to share positive loan data on the grounds that customer privacy would be invaded and the data could be misused.

The Association of Chartered Certified Accounts (ACCA) said yesterday it polled its members in order to make a submission to the Office of the Privacy Commissioner on proposals to set up a positive credit agency.

26 Nov 2002 - 12:00am

Credit where it's due

THERE IS A rich irony to the anxiety that besets Hong Kong bankers and threatens to derail, or at least divert, their long campaign to put a 'positive credit bureau' into place.

14 Aug 2002 - 12:00am

Banking on change

Hong Kong's monthly bankruptcy figures again make grim reading. High unemployment, punishing deflation and dwindling confidence are forcing record numbers of people to throw in the towel and seek court protection from creditors. The figures suggest household finances are deteriorating fast.

4 May 2002 - 12:00am

Consumer debt pushing more to choose bankruptcy option

Nine out of 10 people who choose to declare themselves bankrupt are driven into the red by consumer credit, the Official Receiver's Office revealed.

In the past eight months alone, 93 per cent of the 352 petitions filed by individuals for bankruptcy have involved consumer credit.

9 Dec 1998 - 12:00am

Open line on a matter of personal privacy

SUCH are the rights of life in the information age that I have devised a routine for sorting through the daily mail.

I divide it into five piles. Grade ''A'' junk mail goes straight into the garbage, unopened. Especially those oversized, overstuffed envelopes tempting me to probe their contents.

20 May 1993 - 12:00am