Beware of the costs of credit while spending: Inquirer
The paper says consumers should think twice before indulging in retail therapy, but it is important to set one's priorities right when it comes to spending.
Source: thestar.com.my
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Rising wave of over-indebtedness in South Africa likely...
South African consumers are heavily over-indebted and likely to become more so, given that we are at the bottom of a rising interest rate cycle and salaries don’t appear to be keeping pace with inflation.
Source: dailymaverick.co.za
Affordability, potential defaults in the spotlight as interest rates increase
Credit bureau companies are worried that the rising interest rate cycle could cause more consumers to default on their debt.
Source: news24.com
Car owners still struggle to pay off their vehicle loans
South African households are under financial stress due to Covid-19, with many struggling to make vehicle loan repayments 18 months into the pandemic
Source: mg.co.za