Payback time for dream holidays and cars!

If you are in the business of financial services, 2009-11 were unprecedented ‘bounty’ years for retail lending. Based on such liberal lending, many categories such as auto, travel, entertainment, fashion, etc. recorded phenomenal increases.

Now it’s payback time, so financial institutions will need sharpen their collection skills and soften their lending spree. Meanwhile, consumers are finding that their wallets have shrunk!