Clipping of news on Brazilian Culture, Law and Citizenship
30/03/2016
This article was translated by an automatic translation system, and was therefore not reviewed by people.
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defaulter man
Empty pocket: between those who have knowledge of the debt, the average value of debts is 3,422 reais
São Paulo - A survey conducted by the Credit Protection Service (SPC Brazil) and the National Confederation of Shopkeepers (CNDL) indicates that almost six in ten consumers (58.9%) do not know how much they should and 36% do not know how many companies are. Consumers also are unaware of the number of debt installments which remains payable.
The financial educator SPC Brazil and Portal My Pocket Happy José Vignoli, sees this figure as something disturbing, it is more difficult to deal with a financial problem when unaware of the condition of finances. Out of debt requires discipline and planning, and you can not plan when coinsumidor not sure or how should, or for whom.
The first step, therefore, is to map the debt, because only then you can set goals, set priorities and get results.
The survey polled 1,088 consumers in all regions of Brazil, with 18 years or older, of both sexes and all social classes, in default now or 12 months at most. The margin of error is 3 percentage points for a 95% confidence.
average debt value reaches actual 3422
Among those who have knowledge of their debts, the average value of the debt is real 3422.29. On average, Brazilians have or had accounts in arrears with 2.1 companies, a percentage that grows between the C, D and E classes
In the case of financing a car or motorcycle purchase is divided into 47.6 shares, of which 9.6 were paid, on average. Since the loans are usually divided into 26 times and consumers do not pay on average 9.6 plots.
Debt on the card is the gateway to dirty name
According to the survey of the SPC, the credit card is the biggest villain of the debts that led Brazilians to get a bad name: 43.4% of respondents were delinquent because of debts not paid on credit card , followed by loans (23.5%) and debts in retail stores cards (19.3%).
The main reasons for the lack of payment of bills were unemployment (29.2%) and the reduction in income (14.6%).
According to the chief economist of the SPC Brazil, Marcela Kawauti, the current economic situation is causing a rise in the number of unemployed and undermining the Brazilian purchasing power due to high inflation and high interest rates. These two factors together further undermine the Brazilian budget.
For Marcela, the ideal is that the consumer plan for contingencies, saving every month some amount, however small, for a financial reserve. Furthermore, it is important to reflect long and hard before opting for installment, especially the long-term, because there are no signs that the economy will heat up in the coming months.
Default is resolved only after 16 months
According to the data, the strategy most adopted by 57.1% of respondents to repay their debts was the attempt of an agreement with the lender.
However, when investigated the major difficulties faced to clear the name, according to the lender it is also in first place (36.3%) which shows the difficulty faced by borrowers in the negotiation process for the payment of debt. This causes the default is resolved, on average, only after 16 months.
According to economist of the SPC, the proposals made by creditor businesses are sometimes incompatible with the respondents payment possibilities. Although the negotiated discounts are considerable, may be insufficient and consumers can end up in a vicious cycle of contraction of new debt and loans to settle them, according to Marcela.
The economist recommends that as a way to prevent, Brazilians consider the high rates of market interest, reflecting on each credit contracted values and its ability to meet payments before shopping.
Eight out of ten are counter to the creditor
Research shows that almost eight out of ten Brazilians (78.8%) defaulted or former delinquent made a counterproposal to the lender and 41.4% were prepared to discuss the conditions for debt settlement.
Among those who have not made a counterproposal, the most common justification is that the proposal made by the creditor company was considered interesting. In addition to trading, companies still offered an average discount of 24% for payment of sight to the debt, which is the main form of payment (56.4%) followed by installments carnet or installment sales (21.7%).
The main reason for accepting the offer of negotiation was the affordable amount of the benefit, regardless of the final amount of the debt, considering the interest. To make the payment of the renegotiation, the respondents intend to save or cut spending. Changing habits is also the main attitude taken by the respondents (30.9%) when they discovered they were a bad name.
Among the arrears, those with the highest interest rate are prioritized by 37.2% of respondents, followed by the debt that enable the maintenance of consumption to be used for the installment of new purchases, such as credit card, the cards store and installment sales (22.9%).
The financial educator José Vignoli said that, in fact, is the best way to be followed by those with a bad name. You must first pay the debts with higher interest rates and, if necessary, even to the portability of the debt to another bank or mode that has lower rates.
Source: Survey
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This article was translated by an automatic translation system, and was therefore not reviewed by people.