Distressed borrowing

According to Transunion SA Consumer Credit Index Q1 2018, Distressed borrowing increased during Q1 2018. Distressed borrowing is indicated by revolving credit (credit cards and store cards) used as a percentage of one’s credit limit. Revolving credit limits increased by 7.7% year-on-year, while credit used increased by 3.8% quarter-on-quarter. The increase in credit use is possibly due to the sharp increase in credit limits granted in Q4 2017. (http://bit.ly/2RdTTqz)

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