Borrow Now, Repent Later

Borrow Now, Repent Later

Debtors: For whom the gong tolls.In the three days leading up to Brazil's June Valentine's Day, consumer sales spiked 15.4% compared with the same period of 2005. Marry in haste, repent at leisure, the saying goes. As Latin American consumers farther down the income ladder take on credit card and other personal debt, those who fall behind on their bills will find that repentance comes fast and hard. For creditors, whether defaulting debtors are merely rueful or head over heels in debt, collections makes the difference between profit and labors lost. Borrowers new to personal debt don't always know what they're getting into. At Casas Bahia, a Brazilian housewares and appliance pow

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