30/05/2014
This article was translated by an automatic translation system, and was therefore not reviewed by people.
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Care due to increased cost of credit
AGENCY BRAZIL
Rio - Brazilians are more cautious when hiring or renewing loans and financing , due to the high cost of credit . Still, the number of indebted households rose in May to 62.7 % of Brazilians, according to the Survey of Consumer Debt and Default ( PEIC ) . The percentage refers to households that reported having debts with post dated check, credit card, overdraft , store membership card , personal loan and car insurance provision .
The poll was released Thursday by the National Confederation of Trade in Goods, Services and Tourism ( CNC ) and notes that , although the level of debt was higher in May than in April, the result is lower than the 64.3 % recorded in May 2013 .
According to economist Marianne Hanson , the greatest caution is due to the cost of credit . "Higher Interest and gains more modest incomes lead to less favorable conditions for the debt ," he said .
The CNC found that delinquency levels also fell in May , with the percentage of households with arrears with a slight drop in the monthly ( -0.1 %) and annual ( -0.7 % ) .
There were also reductions in the number of families who will be unable to pay its debts and that, therefore , remain delinquent . According to the research of CNC , this index reached 6.8 % in May 2014 compared to 6.9 % in April 2014 to 7.5 % in May 2013 .
On the perception of households about their level of debt , the CNC found that only the proportion of households that reported very indebted increased between the months of April and May 2014 , from 11.8% to 12.2 % of total . In annual terms, however , there was a reduction in the indicator.
The PEIC is calculated monthly by the CNC since 2010 . Data are collected in all state capitals and the Federal District with about 18 thousand consumers .
The most important aspect of the research , evaluation of the CNC , is that in addition to establishing a profile of the debt , it allows the monitoring of the level of commitment the consumer with debt and their perception of ability to pay .
Source : The Day - Online
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This article was translated by an automatic translation system, and was therefore not reviewed by people.