Clipping of news on Brazilian Culture, Law and Citizenship
05/31/2013
This article was translated by an automatic translation system, and was therefore not reviewed by people.
Credit: IbahiaCom the growing supply of credit by banks and with the facility to purchase products currently, there are many factors that lead to delinquency. However, unemployment remains a major cause. A survey to assess the profile of the defaulting made by Boa Vista Services, Administrator of the SCPC (Service Central Credit Protection), shows that this is why 31% of cases among consumers surveyed. The survey was conducted in the first quarter of 2013 and heard about 1,100 customers in the city of São Paulo.
Second is the lack of financial control, which fell from 26% to 24% in the previous survey (which happens quarterly). Unemployment is the predominant cause in family income of up to three minimum wages (39%). Among consumers who gain of three and ten minimum wages, the main reason is the lack of financial control (28%), the same cause between the ranges stated above ten minimum wages (17%). Thirdly, the study identifies the name of the loan to third parties (10%).
More than half of defaulters (55%) claim to have an account in arrears that caused the restriction, 30% claim to possess between two or three accounts and 15% have four or more accounts. The majority (34%) of the unpaid debt is under $ 500.00, but 15% have opened up debts of $ 5,000.00. Thirty-six percent between R $ 500.01 and R $ 2,000.00 and 16% from R $ 2,000.01 and R $ 5,000.00.
Causes of delinquency
Failure to pay the credit card bill and provision of booklets and billets was the main factor in delinquency. According to the survey, 28% of respondents claim to have any restrictions generated by a purchase made with a credit card. Then the restrictions were caused due to non-payment of membership card / slip (26%), bad checks (19%), personal loans (14%), store card (7%) and overdraft (6%).
Three items were equally important when the question refers to the product or service that caused the delinquency. For 15% of respondents of the unpaid debts originated from the acquisition of furniture, appliances and electronics. Likewise, 15% cite the purchase of products or services related to food as causing the debt, and 15% cite the purchase of clothing and footwear and 9% was the origin of the non-payment of bills utilities .
Indebtedness
The survey also shows that the number of people who said they had not defaulted to pay their debts rose from 4% to 8%. Regarding the share of income committed to debt (adding all debts, restricted or not) 19% say that more than half of the family income is committed to its payment. This number was 16% in December 2012. Forty-eight percent stated that up to 25% of income is committed to the payment of debts and 33% report having between 25% and half the family income compromised.
Current Situation and Expectations
Also decreased the proportion of defaulters who judges that their financial situation is better today than in the previous year. In September of 2012 were 56% in December that number increased to 64% and increased to 56% in March 2013. The proportion of those who believe that the situation is worse rose from 13% to 18%. Also decreased the percentage of defaulters who believes that the financial situation will be better next year (89%), compared to 90% in September 2012 and 92% in December, reflecting a drop in consumer optimism.
Source: UOL - Modern Consumer
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This article was translated by an automatic translation system, and was therefore not reviewed by people.