Clipping of news on Brazilian Culture, Law and Citizenship
01.22.2016
This article was translated by an automatic translation system, and was therefore not reviewed by people.
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Number of borrowers rose 9.1% this month
THE DAY
Rio - The year began with defaults on high in the country. At least another five million consumers stopped paying any bills for 60 days, increasing the number of debtors. According to data from Serasa Experian disclosed on Thursday, this month 59 million people are in arrears. The high delinquency, according to the survey, representing an increase of 9.1% over the same period 2015.
The survey also shows that the debts reach R $ 255 billion. They include debts with financial, credit cards, and shopping benefits in trade and utility fees as electricity, water and telephone. It is the highest level since the series started in 2012
According to research by Serasa Experian, 26% of just over eight thousand respondents cited unemployment as the main cause of delays of these accounts. The number comes at a time when other factors such as inflation and high interest rates pushed down consumer confidence in Brazil. To prevent further expansion of defaults, banks have preferred to grant credit in operations considered less risky, such as payroll.
Source: The Day
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This article was translated by an automatic translation system, and was therefore not reviewed by people.