CREDIT WORRIES
Car buyers feel financial pinch as rate hikes hurt
Repossessions are expected to rise as more vehicle buyers seek credit extensions and debt counselling
21 November 2022 - 05:09
Growing numbers of car buyers are begging for credit extensions and debt counselling as inflation, rising interest rates and sky-high fuel prices undermine their ability to pay for their vehicles, say banks.
Though vehicle repossessions appear to be fairly stable, there are fears that they could increase in coming months...
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