Singapore consumer debt woes rise in Q4

Reuters, 24 Feb 2009, Saeed Azhar

SINGAPORE, Feb 24 (Reuters) - The number of consumers in Singapore struggling to pay their credit card bills and personal loans rose in the fourth quarter, data showed on Tuesday, as recession deepened in the city-state.

The proportion of consumers who had delinquent personal loans -- due for 30 or more days -- rose to 5.34 percent in December from 3.73 percent a year earlier, according to private forecaster Credit Bureau Singapore. The rate rose from 4.24 percent in September 2008.

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