Clipping of news on Brazilian Culture, Law and Citizenship
08.21.2015
This article was translated by an automatic translation system, and was therefore not reviewed by people.
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Survey of CNDL and SPC Brazil, was released on Wednesday.
Women are the majority, credit card is 'villain' and unemployment weighs.
Study by the Credit Protection Service (SPC Brazil) and the National Confederation of Shopkeepers (CNDL) in all the country's capital reveals that four out of ten delinquent Brazilians (45%) are unable to pay their arrears in a range of up to three months, informed the authorities on Wednesday (19).
The survey also shows that the prospect of continuing default is more frequent in classes C, D and E (46%) than in classes A and B (32%). In addition, 44% of debtors heard by SPC Brazil said that the current financial situation of them is worse compared to last year.
Resistance to cut costs and change the pattern of consumption, giving up small pleasures, are some of the most common mistakes for those who need to leave the red "
Marcela Kawauti, SPC
Difficulties
When asked about the main obstacles to carry out the payment of debts, most consumers (52%) stated that the debt incurred is far superior to their monthly earnings, but there are also those do not want to stop consuming products like (23%).
"Resistance in cutting costs and changing the pattern of consumption, giving up small pleasures, are some of the most common mistakes for those who need to get out of the red. The data show a reckless and risky behavior for finance," says the chief economist at SPC Brazil, Marcela Kawauti.
Average debt value
According to the authorities, the average value of overdue debts increased from approximately R$ 4000 in 2014 to R$ 5400 this year, which represents a real increase, as adjusted for inflation of 23%.
"When crossing the mean values of outstanding commitments and the average income of respondents, the survey found that the financial commitments is two and half times the monthly household income in the country. Considering, for example, families who have a remuneration one to two minimum wages (between R$ 789 and R$ 1,576.00), the debt amounts to almost four times the amount of income (R$ 4.4000), "added entities.
Credit card and stores
According to CNDL and SPC Brazil, the installments payable on the credit card, cited by 42% of defaulters, side of the shares in the shopping card (41%) are the accounts that more resulted in the inclusion of the name credit protection institutions.
"For those who know how to use wisely, credit cards can be a great ally because it brings convenience and safety. The big mistake is not repay the full amount of the invoice and fall on the rotary snowball effect," says the economist Marcela Kawauti.
The loans sought in banks and financial (25%), the phone bills (11%), the use of overdraft (10%) and the installments payable in the booklet, billet or post-dated check (10%), complete the ranking of delays that led to the default, reported the SPC Brazil and CNDL.
For women, the delay of store card bills is what stands out most when compared to men (46% versus 33%), while among the male portion of respondents, the highlight is the non-payment of loans in banks and financial (32% against 20% of women).
Unemployment
The survey shows that unemployment surpassed the lack of financial planning as the main reason for default. This year, 33% of consumers with overdue bills cited job loss as a cause of delays - last year was 24%.
The financial disarray and lack of planning in the budget come in second place among the most frequent reasons for bad debt: 21% in 2015, compared with 33% in 2014. The decrease in income (11%), the third party to name the loan ( 8%) and be with delayed salary (5%) are also cited as reasons which prevented payment of the debt that is open, added entities.
The study also suggests that financial difficulties may worsen even more debt. More than half the sample (56%) said it was experiencing financial problems when he made the debt that resulted in defaults. Anxiety (28%), low self-esteem with their appearance (11%), dissatisfaction with work (10%), the loss of a loved one (7%) and the termination of a relationship (6%) also They are seen as emotional aspects that motivated the backwardness of accounts.
Women are more defaulters
The study reveals that women make up 60% of delinquent respondents. Among those who have overdue bills, the track that stands out most is the people aged between 25 and 34 years (37%) and 79% have at most completed high school.
In addition, 47% are repeat offenders, or have ever been with the "bad name" at least twice in the last five years. In relation to social class, the 2015 survey showed a significant difference with last year. In 2014, people of class C accounted for 86% of defaulters, today it is 90% of all debtors.
Debt renegotiation
Among consumers who are eligible for the payment of overdue debt (52%), the most common strategy is the agreement with creditors (37%), according to the survey found.
Then there are the budget cuts (11%) and the extra activities for income generation (9%). Among the respondents who intend to save to leave the default, 60% say they will cut leisure spending, but are also mentioned the cuts in spending on clothing and footwear (45%), food away from home (34%) and beauty products (23%).
Marcela Kawauti by proposing an agreement with the lender, you can reduce the size of benefits, get lower interest rates and more extended terms for debt discharge.
"If you intend to pay the debt in cash, you can even ask for a discount on the total amount. The borrower must demonstrate interest in settling the debt and offer a counterproposal within their means. In addition, it is necessary that consumers keep discipline by making unnecessary spending cuts of the budget and does not carry out new purchases while paying the benefits, "said economist.
Source: Extra
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This article was translated by an automatic translation system, and was therefore not reviewed by people.