You are here

MANAGING DEBT

Spotlight thrown on highly leveraged borrowers

c rediitcrsd2910.jpg
It has prompted CCS to offer a centralised repayment system to borrowers with debts owed to several banks from next year, which is supported by leading retail banks in Singapore.

Singapore

A BORROWER mired in debt here would have taken up nearly S$80,000 in loans - or some 28 months of his salary - from seven creditors. He would probably stand hunched among the 3 per cent of unsecured-credit borrowers that the Monetary Authority of Singapore (MAS) estimates to

sentifi.com

Market voices on:

grab

Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at btsub.sg/promo

Powered by GET.comGetCom