Clipping of news on Brazilian Culture, Law and Citizenship
09/28/2016
This article was translated by an automatic translation system, and was therefore not reviewed by people.
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Source: Survey
Loans and store cards are the main villains of default, according to a survey - conducted in 27 capitals - with defaulting consumers by the Credit Protection Service (SPC Brazil).
According to the survey, released today (27), seven in ten (76.1%) respondents who contracted a loan is in default because they did not pay the installments on time.
Purchases made in store card appear soon after, leaving 73.1% of the users with the name in the register of debtors.
The percentage remained stable compared to last year (74.5% for loans and 74.6% for store cards), but showed high in comparison with 2014, when the economic crisis had not yet reached its peak, she said SPC Brazil.
Late payments on installment plans or carnet (62.5%), the outstanding installments on the credit card (62.1%) and overdrafts (46.9%) come next as the types of credit that led most respondents to default.
These last two methods showed significant fall forward to 2015, when the percentages were 73.6% for credit card and 67.8% for the overdraft.
The study also reveals that many are restricting credit because they have left to pay on time accounts with some kind of service. In this case, the primary account responsible for leaving consumers with bad name is the landline and mobile phone, cited by 14.7% of respondents who have this kind of commitment (in 2015, the percentage of arrears was 21.7 %).
Second, it appears the disputes with school fees, cited by 9.1% of respondents (in 2015 were 16%).
Delays with the pay TV operators (7.1%), health care (6.8%), water and electricity bills (6.1%), rents (2.2%) and monthly condominium (2 2%) complete the ranking of the villains of default, when treating non-bank debt.
Family budget
Although the default present high level in some types of debts, Brazilian consumers are avoiding taking on new financial commitments.
Research SPC Brazil showed a decrease in the percentage of defaulters who admitted having taken forward accounts 2015 were they on time or late, in virtually all surveyed commitments.
Among the bank debt, the largest decrease was observed in the credit card. In 2014, 69.9% of respondents had defaulted this type of account as a fixed commitment of its budget - they were late or not - that percentage fell to 57.5% in 2015 and has now dropped further to 40.4% in 2016.
Also there was a decrease of store card: 61.2% in 2014 to 55.2% in 2015 and finally to 47.5% in 2016. The only bank debt which has increased its incidence among defaulters in comparison from last year it was automobile financing, which increased from 10% in 2015 to 12.8%.
In the service sector a reduction in the amount of commitments was also observed. The percentage of delinquent consumers that allocate part of their income to pay water and electricity bills fell from 65.0% in 2015 to 57.6% in 2016.
The same happened to respondents who have fixed costs of telephone bills (50.7% to 41.9% in one year), rent (25.3% to 22.8%), health plan monthly ( from 18.2% to 12.1%) and school commitments, such as high school or college (15.7% to 9.1%).
The poll of 602 delinquent consumers above 18 years and of all social classes in 27 Brazilian capitals. The margin of error is 4 percentage points with a confidence margin of 95%.
Source: Idec
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This article was translated by an automatic translation system, and was therefore not reviewed by people.