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Debts

More than half of Brazilians are indebted

26/03/2014

This article was translated by an automatic translation system, and was therefore not reviewed by people.





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More than half of Brazilians are indebted

SAO PAULO - The percentage of families who reported having debts between postdated check , credit card , overdraft , store membership card , personal loan , provision of car and insurance fell between the months of February and March 2014. Nevertheless , the number remains high , from 62.7 % to 61 % of the total.

According to Search Consumer Debt and Default ( PEIC ), published by the National Confederation of Trade in Goods, Services and Tourism ( CNC ) , also there was a slight fall in the period compared to 61.2 % in March 2013.

Already in the monthly comparison , the percentage of families with debt or overdue bills increased from 19.7% to 20.8% .

There was also the high percentage of delinquent families compared to March 2013 , when this indicator reached 19.5 % of the total. The percentage of families who reported not afford to pay their bills or arrears and therefore remain delinquent , also showed an increase in the monthly and annual comparisons , reaching 7.1% in March 2014 , compared to 5.9 % in February 2014 and 6.3 % in March 2013 .

Cost of credit

Marianne Hanson , an economist at the Confederation , the numbers in the period reflect the high cost of credit , which induces a more cautious approach when engaging families and renew loans and financing .

Higher interest rates and more modest gains in income lead to less favorable conditions for the debt . " The less favorable credit terms , in addition to increasing the commitment of income, also influence the perception of households regarding ability to pay .
After reaching the lowest level in the time series in the previous month , increased the percentage of families who reported not afford to pay your overdue bills , "says the economist .


Source : msn

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This article was translated by an automatic translation system, and was therefore not reviewed by people.

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