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Radio show offers debt advice
6/24/2008 5:06:16 PM
Gemma Roskell

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A radio show in Mexico that aims to help citizens with their debt problems has gathered a "devoted following", according to USA Today.

The program is hosted by newspaper financial columnist David Paramo from a studio in Mexico City.

Every evening between 17:00 and 18:00 local time, he gets involved in people's financial problems, offering advice, comfort and sometimes a number of practical solutions.

Occasionally, the radio celebrity will get in touch with banks and lenders to find some answers from experts live on air.

Perhaps getting to the crux of the issue, Mr Paramo told the newspaper: "The Mexican financial system has grown exponentially in the last few years.

"The access that Mexicans have to more and more [credit] is incredible, but most people don't know how to use credit."

Meanwhile, Americans in debt await this week's interest rate decision from the Federal Reserve. Many commentators believe that the rate will stay at two percent, but there are calls for it to be pushed up to help curb inflation.
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