One in four credit-card users in Turkey fails to pay off card debt quickly and a 30 percent increase in consumer loans shows people borrow again later to pay it, Vatan newspaper said.
The newspaper cited a report by Istanbul’s Chamber of Accountants and Financial Advisers which says consumer loans jumped 154 percent over the past five years, to 172 billion liras ($97 billion). Click here for web link
To contact the reporters on this story: Selcuk Gokoluk in Istanbul at firstname.lastname@example.org
To contact the editor responsible for this story: Gavin Serkin at email@example.com