Georgia Tightens Credit Rules by Raising Income Threshold for 25% Payment-to-Income Rule

Georgia will tighten credit rules by gradually raising the income threshold under its 25% payment-to-income (PTI) rules — which set the maximum share of a borrower’s income that can be used for loan payments — to GEL 2,500, citing growth in average nominal earnings over the years while also seeking to address “over-indebtedness risks.” Under …Источник: