Greetings -- how common is personal debt in Pakistan?
What are the most common forms -- credit cards, personal loans, student loans, something else?
Cheers,
dcj
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Greetings -- how common is personal debt in Pakistan?
What are the most common forms -- credit cards, personal loans, student loans, something else?
Cheers,
dcj
Personal debt in Pakistan as elsewhere starts from credit card debt
Student loans are almost non existent
Access to finance is limited mostly to middle class, that too is charged exorbitant interest rates starting from 24%
My advice would be stay away from these products, build a emergency fund and start saving 20% of your income