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Bangladesh has the largest numbers of borrowers of any country.
But vast numbers of borrowers who took out these loans ultimately defaulted.
The current regulatory regime for consumer credit has not adequately protected large numbers of borrowers.
Critics warn that taxpayers could get stuck with a huge bill if large numbers of borrowers defaulted yet again.
But during the summer of 2008, as increasing numbers of borrowers became unable to pay their mortgages, default rates rose.
If his forecast is accurate, the numbers of borrowers who owe more than their homes are worth will rise significantly.
Similar(32)
And they note that states with tough consumer lending laws have not experienced large numbers of borrower lawsuits.
And it said the number of borrowers had risen partly because the borrowing plan only recently became available.
But over all, the number of borrowers falling behind is growing.
The number of borrowers who had fallen into arrears also fell during the quarter.
The number of borrowers coming off low payments will peak in 1999 and 2000.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com