Calis Beach and Fethiye Turkey Discussion Forum
Information and Services in Turkey Section => Banks, Interest, Money Transfers, Insurance => Topic started by: marytheresa on December 14, 2011, 11:53:11 AM
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Turkey has now introduced a new rule governing credit cards and loans, a limit will now be set on your income rather than just handing out money willy nilly a european lesson I think:D
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That's a good move; since I have lived here I have seen the promotion and the availability of credit and credit cards soar.
Turkey has a much better grip on the economy too as they regulated their financial services sector while the likes of the UK, States and Europe were giving free reign to theirs.
A regulated financial sector was a major contributing factor that although not left totally unscathed enabled Turkey to ride the storm of the credit crunch far better than the so called more advanced nations.