An analysis of the debt settlement client's first credit repair in the country approached the average profile of the Argentinean debtor. According to the study, 57% of debtors in the program are males, of which 54% are solitary.
87% of the aforementioned surveys, due to excessive debt, are the main reason for the delinquency situation, that is, financial commitments that have been paid. An excessive debt consolidation indicator is the allocation of over 30% of monthly income to pay off debt. Rodrigo NadaThe credit repair agency director said people do not have control over revenues and expenditures, they can be a much better consumer when they see them in the summary of their accounts, it causes them to be financially and excessively in situations of insecurity.
Importance of financial education:
1- The Argentine average debt is about $ 118,000, and 52% of the respondents say that the salary does not exceed $ 20,000. To cancel the debt, almost 5 salaries are required, regardless of interest.
2- "The key to managing economically from home is a good financial education. The most common financial defects are loans related to credit cards," said Rodrigo Nadal.
3- The expert explained that people who respond to 48% have two or three debts. In addition, most of these people are between 31 and 45 years old, between 19 and 30 years old.
4- "This shows the importance of financial education to prevent the accumulation of debts that exceed a person's payment option, especially in adolescents in a few years," said Nadal.
5- According to a report by the Central Bank, 33% of the people who requested loans from the financial system is a non-profit group. The Tucuman per capita is about 27,000 dollars, almost half the national average.
6- The level of crime reached the highest level in September 2016 (4.1%), 0.9 points more than in the same period of 2017. The highest level of crime was in the wage sector (5.1%) and trade (4.2%), the latest data from the central bank.
7- In 2018, the average delinquency (3.8%) is the highest average of the last 6 years in 2011 (3.9%). The Tucumango portfolio portfolio is above the national average (4.3% and 4.1%).