Finance

In the world of personal finance, few things can haunt individuals as persistently as a default on their credit record. This black mark, often the result of missed payments or financial hardship, can linger for years, affecting one's ability to secure loans, mortgages, and even employment. However, the severity of this penalty, particularly the six-year duration commonly applied, is increasingly being called into question. Is it truly fair to penalise individuals for such an extended period, especially when their financial...