PillsThroughout the global recession, businesses across the world have been impacted by late payments or worse payment defaults to varying degrees. Despite the well publicised impact in countries like Ireland, Spain, The UK, the United States and most recently Greece these are not the only countries and in some ways, not the countries where the broadest swath of the economy has been impacted. For these markets, the heart of the problem has centred around overextension of credit in the housing markets by the financial services sector and has spread from there to autos and consumer durables. Basically products that frequently involve financing when purchased.