n Personal Finance Newsletter - Buying on credit? Not so fast! : your money
|Article Title||Buying on credit? Not so fast! : your money|
|© Publisher:||Moneyweb (Pty) Ltd|
|Journal||Personal Finance Newsletter|
|Publication Date||Sep 2013|
|Pages||5 - 6|
A quick glance at South Africa's credit statistics is enough to see that the country's consumers are struggling - of South Africa's 20 million-odd credit active consumers, almost half, or just over 9.5 million, have impaired credit records. What's more, many of those records include multiple impaired accounts, that is, people who are struggling to pay back more than one lender.
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