Although the financial surveys show that the practice of saving is growing in Chile, the number of unusual debtors can not reverse their tendency. In the third quarter of the year, in fact, there are already over 4 million and a half people coming to that group.
On Thursday, the 2018 Debt Report of the 2018, issued by the University of San Sebastian, and in conjunction with Equifax and Mapcity was presented.
The numbers, showing the evolution of unpaid personal loan debts in Chile, revealed that the total number of defaults, as well as the total debt, has increased in the country to September this year. Of course, the curve up was degrading in terms of the trend.
In total, the study calculates that there are 4,509,598 debtors in Chile, which represents a figure of 3% higher than in September 2017. In terms of the total value of the contravention, that percentage and more Chilean punishment: the average debt amounted to $ 1,682,218, which grew by 9% compared to one month compared to 2017.
In terms of gender, women are more than men with 2,309,660 against 2,199,938 people, respectively. And as the trend over the years, retail is the female presence, while men are focused on banking.
Sectors of the defaulters
Both banking and retail remain in the debt-paying sectors. Due to the total number of defaults, 40% fell in that group for retail, and 29% for debt with banks. However, when talking about total debt, most of the money (57%) falls on financial institutions, and then there is retail (18%) and real estate debts (8%).
What happens to foreigners in Chile? This sector represents only 2.25% of the total defaults in the territory. However, their pockets suffer more debt, as their average amount is $ 2,103,211, while China is $ 1,679,499.
Regions and communities
The value of the debt, as stated in the study, also depends on the geographical area, where northern Chile is higher than the national average. The site is led by Antofagasta ($ 2,293,437), Metropolitan ($ 1,910,992), Tarapacá ($ 1,897,686) and Atacama ($ 1,728,291). In Greater Santiago, in the meantime, Vitacura municipalities ($ 5,907,391), Las Condes ($ 4,713,587) to Providencia ($ 4,555,321) account for the maximum amount of arrears.