Credit Bureau To Hit 30% Of Borrowers

NEIL HARTNELL

Tribune Business Editor

nhartnell@tribunemedia.net

Up to 30 percent of Bahamian borrowers will struggle to obtain loans due to the imminent arrival of the nation's first-ever credit bureau, a top banker is warning.

Kenrick Brathwaite, the Clearing Banks Association's chairman, told Tribune Business that close to one-third could find their ability to access new credit is curtailed because past failures to disclose existing debts will come back to haunt them.  Read more >>