Unveiling a study on how nine consumer groups in Singapore manage their money and credit, DP Credit Bureau said on Tuesday that between a quarter to a third of consumers across nine segments have a high DP-Delphi Score, meaning they pay their debts in full and on time.
“This high percentage across all nine groups indicates that Singaporeans generally are very responsible users of credit,” the Singapore credit bureau said.
However, showing a low score were many consumers from three groups – “Working Class Traditionalists”, “Kopitiam Lifestyles” and “Contemporary Homemakers”. Found to be under greater financial stress, these consumers face a moderate to higher credit risk, said DP Credit Bureau. Full story
