Auto loans to OFWs rising: Good News or Bad News?

More auto loans are being given to OFWs the past two years, the PSBank President says. Is that good or bad for the OFW Family? There are two sides to it. And it all boils down to what is called good debt and bad debt. Let me give you a glimpse of the news article from Inquirer.net then lets discuss when it’s a good idea and when it’s a bad idea to get an auto loan. Auto loans to OFWs rising Demand from overseas Filipino workers (OFWs) is driving up the growth of bank loans for vehicle purch