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July 6, 2021
Non-mortgage lending rose 38 percent in June. Photo: 123RF Data from credit bureau Centrix shows non-mortgage lending, which includes credit cards, personal loans and buy now pay later schemes, rose to more than $600 million in June, a 38 percent increase on May. The managing director of Centrix Keith McLaughlin said most of the spending had been on high-priced luxury items, such as top of the line vehicles. "When people are buying luxury items such as motor vehicles, it tends to reflect the c...