Credits: reasons why Colombians are not paying their debts – Personal Finance – Economy
The slowdown in the economy is revealing more and more major cracks in household finances. Not only is consumption in sharp decline (according to Raddar, household spending in March showed a contraction of 3 percent per year) but also, Colombian families are finding it more difficult to pay their financial obligations and to catch up on delinquent loans.(Also read: Consumer loans slow down, growth in March is the lowest in 5 years) This is clear from a recent report by the financial information center TransUnion, which warns that delinquency in credits is accelerating and today there are more credits with…
