Voice of America: South African Consumer Debts Mount as Economy Grows

Voice of America Voice of America is an international news and broadcast organization serving Central and Eastern Europe, the Caucasus, Central Asia, Russia, the Middle East and Balkan countries

South African Consumer Debts Mount as Economy Grows Nov 25th 2012, 13:19 As South Africa's economy has grown, so has consumer debt. Forty-seven percent of South Africans with credit have impaired records. A substantial amount of that bad credit is tied up in high-interest, unsecured loans. Imagine you want to get a quick infusion of cash, but your income isn't enough and you don't have the savings. Enter the unsecured loan. Without money down, you can get an unsecured loan, meaning you're taking out money without collateral. For the average ... Media files: 56805988-D5E3-4F2D-AA2B-F2344C75F132_cx0_cy7_cw0_w800_r1.jpg?nocache=1 (image/jpeg, 0 MB)

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