buy on credit

Demand for exports from the region has slowed as the Federal Reserve and other central banks have targeted inflation by hiking interest rates, making it more costly to buy on credit or get mortgages.

"Until last year I would have been able to buy on credit and pay in small instalments, but now I work only to pay the rent and the grocery shop, there is nothing left," she says.

But the biggest concerns are that many of these financial technology companies are not doing a sufficient job assessing people’s ability to repay and are using shoppers’ data to suggest more products to buy — on credit.

Many of Dhaw’s customers buy on credit, leaving him with more IOUs than dinars.

The flawed list came to light in 2011 when Sergio Ramirez went to a Nissan dealership in Dublin, Calif., and was told he could not buy on credit because his name was on the government’s “terrorist list.”