Credit card debt
More than half of Turkey's teachers are fighting a debt burden, with one quarter doing extra work to make ends meet, according to a survey conducted by the teachers' union Eğitim-İş.
Some 25 percent of the teachers are doing extra work and 60 percent of them are not hopeful for the future, the survey revealed.
The Turkish government plans to ease consumer loan conditions to revive the declining domestic demand just ahead of the upcoming elections, according to a report in daily Hürriyet.
n this vein, banking watchdog BDDK has been asked to prepare a revision to extend payment terms in consumer loans from 36 months to 48 months, sources said.
There isnât a huge Halloween tradition in Turkey, and so I celebrated âwitchesâ holiday,â as we Turks call it, by watching M. Night Shyamalanâs âThe Sixth Sense.â
Spending on loans and credits has become less alluring for Turkish consumers as figures reveal an annual decline in loan and credit card debt volumes Turkish society was introduced to features such as using consumer credit from banks and loans through credit cards mostly after 2003, with the phenomena quickly becoming a fixture in our lives.