Spotlight thrown on highly leveraged borrowers

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 have racked up unsecured debts exceeding their annual income.

And he may not …