{"id":470806,"date":"2026-05-06T06:35:16","date_gmt":"2026-05-06T06:35:16","guid":{"rendered":"https:\/\/www.europesays.com\/ie\/470806\/"},"modified":"2026-05-06T06:35:16","modified_gmt":"2026-05-06T06:35:16","slug":"will-hong-kongs-lending-clampdown-wean-helpers-off-debt-and-save-their-dreams","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ie\/470806\/","title":{"rendered":"Will Hong Kong\u2019s lending clampdown wean helpers off debt \u2013 and save their dreams?"},"content":{"rendered":"<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">Anna, a domestic helper from the Philippines, had managed her finances well until she took out two loans over the past few months for a friend she described as being \u201clike a mother to me\u201d.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">The 37-year-old, who asked to be identified only by her first name, now has to pay creditors about HK$9,000 (US$1,149) a month \u2013 almost twice her salary \u2013 leaving her extremely stressed about her debt.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">\u201cMy friend said she needed the money and asked if I could borrow from banks under my name, saying she would pay back the loans, but I was wrong to believe her,\u201d she said.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">\u201cI am really hurt about this \u2026 I told her, you really put me in trouble, you put my job at risk. But she just says \u2018I\u2019m so sorry, I didn\u2019t mean it\u2019.\u201d<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">Anna said the debt had taken a toll on her mental health, but she was prioritising her children\u2019s needs over repayments, even as banks continued to chase her.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">\u201cThe school told me my son has borderline depression because they kept asking him for payments, which I failed to give. That really breaks me,\u201d she said.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">\u201cMy situation really gives me depression. I just take it in a positive way and submit everything to God.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"Anna, a domestic helper from the Philippines, had managed her finances well until she took out two loans&hellip;\n","protected":false},"author":2,"featured_media":470807,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[174],"tags":[81369,79,206534,206533,6046,194222,179,18,206539,206538,4202,19,17,206536,8953,206537,206535],"class_list":{"0":"post-470806","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-anna","9":"tag-business","10":"tag-companies-registry","11":"tag-credit-data-smart","12":"tag-debt","13":"tag-domestic-workers","14":"tag-economy","15":"tag-eire","16":"tag-enrich","17":"tag-financial-services-and-treasury-bureau","18":"tag-hong-kong","19":"tag-ie","20":"tag-ireland","21":"tag-money-lenders","22":"tag-philippines","23":"tag-shadow-chow","24":"tag-suzanne-gendron"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@ie\/116526247254026162","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/470806","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=470806"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/470806\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/470807"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=470806"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=470806"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=470806"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}