Are Singaporeans Overleveraged? Hear Elliot’s story
Overleveraging happens when an individual has borrowed too much debt, be it on a home, car or credit card. We dig deeper to find out if Singaporeans are indeed living beyond their means. To do so, we need to first explain 3 key indicators: Non-Performing Loans (NPL), Credit-Card Charge-Off Rates and Pawnshop Loans. […]