The non-performing loan portfolio grows up to 10% in a decade

by times news cr

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Over the past 10 years, the overdue portfolio grew up to 10%, Despite rising consumption, a study by the Bravo financial.

The firm recorded that up to 58% of Mexicans are totaleros, that is, they pay their entire debt month by month according to their bank statement, while 41.7% only pay the minimum, a factor that significantly increases the interest costs.

To promote financial stability, Diego PaillesBravo’s director, called on users of credits to avoid minimum payments and set clear goals.

He commented that “it is alarming that 85% of people do not have a serious budget exercise, which reflects the lack of planning and understanding of their situation patrimonial”.

He stressed that the lack of financial education to manage a budget is one of the main factors that debtors have. In this regard, Bravo proposes three basic axes to achieve better personal finances such as having a better financial educationalways start with a budget and use financial products such as savings and investments.

SEEK TO IMPROVE YOUR FINANCES

The firm created a financial academy that launches with the brand, in an effort to teach clients how to manage financial products so that once the debt is overcome, clients can be rehabilitated in their financial history.

Presenting the study “Debts of Mexicans: Reasons, solutions and challenges,” Bravo emphasized that in a survey, 72% of Mexicans say they understand the interest on their cards, the reality is that only 55% understand how the interest is calculated.

2024-09-10 05:21:36

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