People are trying really hard to pay off their credit cards and stay away from them.
According to Frank Research Group, in December alone Russians cut their credit card debts by 35 billion rubles [just under 6 billion dollars. RV]; for the grand total of over a trillion rubles [170 billion dollars. RV] in 2016.
Borrowers are bashful these days. Or are they financially savvy? Continue reading “New Trend in Russia: People Get Rid of Credit Cards”