I was one of Randell Tiongson’s guests in his Money Talks radio show last night on Energy FM. In our discussion we talked about Filipinos getting buried in debt and eventually resorting to looking for opportunities overseas and leaving their loved ones behind.
I remember falling victim, a willing one at that, to a loan shark about 10 years ago. I couldn’t eat well. I could barely sleep for more than a couple of hours every night. I only worry about what could happen if they come to our house and do something terribly unlikeable. I could have even lost my job.
I recently read a news headline in Ireland that says “Soldier stole money from car park to pay back loan sharks“. AN OUT-of-work soldier came under pressure from loan sharks to repay a debt when he stole nearly €1,000 from a car park office safe, a court heard.
And then just recently (September 1, 2014), “Two teachers and a collector were killed, while four other teachers were injured, after a police officer went on a shooting rampage in the Pangasinan National High School campus in Lingayen town, Pangasinan Monday afternoon.”