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Not so fast for that fast credit

Oct 28, 2009
By Linas Jegelevicius

Lithuanian Minister of Justice Remigijus Simasius says proposed credit law is good for industry.
KLAIPEDA - Are you feeling the credit crunch? Is your bank turning up its nose at your good credit history? What many have done in this situation is to simply pick up the phone and send an SMS to apply for a quick consumer loan; alternatively, one can walk to the nearest post office and fill out a quick credit application. This easy money could soon end, however, as, nudged by the European Union worried by the seemingly lawless behavior of the credit industry, Lithuania's parliament may soon ...

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