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Defaults up almost 9% with crisis and unemployment, says PricewaterhouseCoopers

This article was translated by an automatic translation system, and was therefore not reviewed by people.




the Folha Online

The default of consumers increased 8.6% in the first two months of this year over the same period last year, according to research from Experian Serasa released this Thursday. In February, there was a decline of 8.9% over the previous month and higher, 5% in same month of 2008 before the insolvency of individuals.

In the assessment of technical Serasa Experian, the increase in defaults in the first two this year and in February this year against the same period in 2008 reflects the greater difficulty of people to honor their commitments, particularly those of longer terms.

"The effects of international financial crisis, with regard to unemployment, have been crucial to the default of the consumer," he said.

Already the reduction of bad debt for February to January, according to the technicians, is the lowest number of working days in the second month of the year.

The debts with banks leading the ranking representative of the default in the first two months of this year, with participation of 43.4% - in the same period in 2008, the share was 42.8%.

The debts with credit cards and financial appear in sequence, with the participation of 37% (against 31.1% in first two months of 2008), followed by checks returned, with 17.7% of consumer default, below the 23.8 % cleared in the first two months of last year.

The titles contain protested the ranking, with a stake in the indicator of 1.9% in the first two months of 2009, also below the 2.3% last year.

The average value of debt with credit cards and financial fell 5.5% in the first two months of this year, to $ 357.07 as well as the debts with banks, which declined 3% to R $ 1,371.13 in the first two months of this year before same period of 2008.

Securities protests, in turn, rose 14.5% in January and February combined this year to an average of $ 1,050.90, and the returned checks, 29.9%, to $ 823.15.

According to Experian Serasa, the lack of financial discipline for some consumers, especially in the use of special checks, also favors the increase in default, to put pressure on the household budget and facilitate the accumulation of commitments.



Source: Reuters

This article was translated by an automatic translation system, and was therefore not reviewed by people.

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