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Sunday 30 November 2008, San José, Costa Rica 

New Law Controls Spam Emails, Text Messaging and Telephone Cold Calling
New Internal Affairs Unit Will Investigate Corrupt Traffic Officials
Sun Shines On Limón
Volunteers Clean Up Downtown San José
Costa Ricans Full of Credit Card Debt
Congo and White Faced Monkeys Repopulate Santa Rosa National Park
San Ramon - La Fortuna Road Closed
Costa Ricans Full of Credit Card Debt
Costa Rican consumers have greatly overused their credit cards, especially in the last year.

According to the data provided by the Superintendencia General de Entidades Financieras de Costa Rica  (SUGEF)- Financial Entities Superintendent General’s Office - Ticos are in debt up to ˘400 billion colones.

The financial superintendent says that 719.000 Costa Ricans are in possession of credit cards, which represents about 1/3 of the workforce.

Also, they estimate that the number is larger than that because the data does not include the amount indebted on cards not issued by intermediaries, but by those financial institutions that only give loans.

The amount of debt has increased 29% from 2006 to 2008.

Of the ˘400,000 million around ˘47,000 are overdue debts, due to the high interest rates that have made debtors unable to face the amount they owe.




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