Consumers use costly credit to make ends meet – FirstRand
Group says it is adjusting affordability checks, with higher interest rates for longer in mind.
Source: moneyweb.co.za
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Group says it is adjusting affordability checks, with higher interest rates for longer in mind.
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FNB and Wesbank have been moving away from medium- and high-risk customers since early 2020. FirstRand says the past two years were not a good time to open credit taps.