As purchasing power has eroded, borrowing has become a means of making ends meet. Since the start of the year, consumer loans and personal credit card debts have risen by 20.3 per cent. Personal credit card debts subject to debt collection due to non-payment have soared by 55.3 per cent.
Melisa Ay In a country where wages are being eroded by inflation, debt has become a means of survival for those living on their labour and those on low incomes. According to BDDK figures, the rate of increase in debts referred to collection due to non-payment has reached 55.3 per cent since the start of the year.
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