FREE TO READ | Credit management faces many challenges
Rising inflation, tepid economic growth, record unemployment and higher interest rates will continue to constrain lending
24 February 2022 - 13:22
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While rising interest rates can be a positive indicator of a strengthening economy, it is ultimately consumers who bear the brunt of the rising costs of their debt.
TransUnion’s Q4 Consumer Pulse Study showed that among consumers who said their household income is affected at present, 85% remained “highly concerned” about their ability to pay their bills and loans.
Credit providers will likely feel the effect of rising interest rates despite rising revenue as this may be offset by a likely rise in defaults.
Browse through the pages below (zoom in or go full screen for ease of reading):
Support our award-winning journalism. The Premium package (digital only) is R30 for the first month and thereafter you pay R129 p/m now ad-free for all subscribers.
FREE TO READ | Credit management faces many challenges
Rising inflation, tepid economic growth, record unemployment and higher interest rates will continue to constrain lending
While rising interest rates can be a positive indicator of a strengthening economy, it is ultimately consumers who bear the brunt of the rising costs of their debt.
TransUnion’s Q4 Consumer Pulse Study showed that among consumers who said their household income is affected at present, 85% remained “highly concerned” about their ability to pay their bills and loans.
Credit providers will likely feel the effect of rising interest rates despite rising revenue as this may be offset by a likely rise in defaults.
Browse through the pages below (zoom in or go full screen for ease of reading):
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Published by Arena Holdings and distributed with the Financial Mail on the last Thursday of every month except December and January.