News & Press: Consumer Debt

Household debt not yet worrisome: Credit Bureau

Wednesday, November 6, 2013   (0 Comments)

The consumer loan default rate has remained normal, according to the National Credit Bureau's chief.

Chief executive officer Surapol Opasatien said Wednesday that only 3 per cent of consumer loans - covering mortgages, hire-purchase loans and credit card loans - are non-performing.

The situation is not worrisome compared to last year, he said, attributing this to financial institutions’ tightened rules to focus more on borrowers’ income and ability to pay.

Click here to read the full article on The Nation.