Panamanians Owe Financing Companies $48 Million

©image: Cristian Santinon

This was stated by Alicia Sáenz de Guinard, president of the National Association of Financing Companies. She added that 20% of the debtors are individuals who paid via direct deduction from their salaries.

By the end of 2009, loans granted by financing companies summed $241.3 million, 1% less than in 2008, according to data from the Panamanian Credit Association.

Source: pa-digital.com.pa

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