Posts Tagged ‘bad debt’
Homeowners’ Bad Debt on the Rise
11 October 2006
Arrears on mortgage repayments are likely to rise sharply over the next few months unless homeowners start curbing their borrowing and spending. This is the message from Standard Bank economist Elna Moolman who’s view echoes that of other market commentators who in recent weeks have warned that consumers could be heading for a credit crunch on the back of rising interest rates.
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