Squeezed consumers simply cannot pay their debt

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Of the 38.7% of credit-active consumers who were in arrears by December, 23.4% were three months in arrears. Picture: iStock
Of the 38.7% of credit-active consumers who were in arrears by December, 23.4% were three months in arrears. Picture: iStock

BUSINESS

Up to 40% missed payments on store cards and about 60% did not make their monthly repayment on personal loans.

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