retail credit

With the federal 30% tax credit plus exemption from state sales tax plus the net metering program that gives me full retail credit for every kilowatt that my system produces, I calculate it will provide about a 5% return on my investment by zeroing out my Puget Sound Energy bill.

But non-bank lending has been growing, reaching more than A$600 billion in assets last year, including lenders focused on retail credit.

More than half of all federal student loan borrowers took out a new bank-issued credit card during the pandemic,while 36% got an auto loan and 31% signed up for a retail credit card, according to a July TransUnion study.

"It will not change much," said Eduardo Martins, partner at consumer credit restructuring firm MGC Crediativos, which estimates Brazil's total volume of non-performing loans around 1 trillion reais, including bank debt, retail credit, telecom bills and utilities.

Lin also expects the quality of retail credit assets to fluctuate in the second half with the risk on credit card debt fairly high.