Changing cost of debt relief

Changing cost of debt relief

Eighty20 tracks the Debt Relief Segment which are people who earn less than R7,500 and are eligible under new legislation to have some or all of their debt extinguished. This segment has increased in size by 130,000 in the past quarter, however the number of loans and loan value decreased over the same period. In Q2 2020, roughly 200,000 more people in the segment defaulted on loans compared to last quarter.
Read more in The Eighty20/XDS 2020Q2 Credit Stress Report: https://www.eighty20.co.za/credit-stress-report/

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