Brazil Plans to Buy Up Old Household Debts at Up to 95% Off Before Vote
With household loan defaults at a record 5.8% and a presidential vote on 4 October, Lula is set to unveil a plan for the Treasury to buy up old consumer debts at discounts of up to 95%. Who qualifies, the cost and the start date are not yet official. The post Brazil Plans to Buy Up Old Household Debts at Up to 95% Off Before Vote appeared first on The Rio Times .
We haven't written up this one. The Rio Times has the full story — the link below goes straight to it.