{"id":966196,"date":"2025-10-06T08:20:25","date_gmt":"2025-10-06T02:50:25","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=966196"},"modified":"2025-10-06T08:31:03","modified_gmt":"2025-10-06T03:01:03","slug":"smartphone-loan-defaults-surge-amid-push-for-premium-upgrades","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2025\/10\/06\/smartphone-loan-defaults-surge-amid-push-for-premium-upgrades\/","title":{"rendered":"Smartphone loan defaults surge amid push for premium upgrades"},"content":{"rendered":"<p>New Delhi: As brands and retailers increasingly push high-end premium smartphone sales through consumer durables financing, delinquency rates are on the rise. According to industry executives, the default rates on mobile phone financing is ranging between 2.7% and 2.9%, where a rate of 2% is generally expected. <\/p>\n<p>In some areas where delinquency rates are even higher, financing companies are reducing the store&#8217;s rating and restricting lending to customers there, focusing only on those with good credit scores. Regulatory changes such as the one in Karnataka preventing recovery agents from collecting dues after 6 pm has led to further tightening, including blocking entire PIN codes that are deemed high-risks, executives said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New Delhi: As brands and retailers increasingly push high-end premium smartphone sales through consumer durables financing, delinquency rates are on the rise. According to industry executives, the default rates on mobile phone financing is ranging between 2.7% and 2.9%, where a rate of 2% is generally expected. In some areas where delinquency rates are even higher, financing companies are reducing the store&#8217;s rating and restricting lending to customers there, focusing only on those with good credit scores. Regulatory changes such as the one in Karnataka preventing recovery agents from collecting dues after 6 pm has led to further tightening, including [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4,60,10],"tags":[],"class_list":["post-966196","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-telecom-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/966196","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=966196"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/966196\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=966196"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=966196"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=966196"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}