Belgium struggles as many people cannot manage growing personal loan debts. Experts worry about increasing delays and unpaid debts, urging careful financial habits.
Over the past year, more individuals missed installments, worsening the overall situation.
Total unpaid debts nearly reach one point six billion euros, banks report concerns. People turn to debt consolidation, but legal actions and payment warnings increasingly follow.
Some citizens explore car leasing or rental as alternative finance when credit denied. Upcoming regulations will require e-commerce platforms to assess consumer repayment capacity thoroughly.