ISAAH MHLANGA: More people wanting more credit could be a sign of strain
During the low-interest regime of the pandemic, many consumers took the opportunity to put their credit status in order. But rising interest rates could be straining budgets now
As usual at the approach of the festive season, discussion is turning to how households should spend their end-of-year bonus pay cheques so that when January comes, they do not have to run to loan sharks for help.
This year the discussion is particularly animated due to soaring unemployment, high inflation and rising interest rates. ..
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