Delinquency rates on Argentine consumer loans and credit cards shooting up

[jbeas176]

wages were up. as the immigrants are being molested i guess there is competition for employees

 

[Avocado]

its kinda crazy. the defaults are showing up on the street. usually you know somebody going through hard times. i haven’t seen any

You don't know anyone that is going through hard times in Argentina? 🤣🤣🤣

 

[Betsy Ross]

its kinda crazy. the defaults are showing up on the street. usually you know somebody going through hard times. i haven’t seen any

Sounds like many are taking on debt at record rates. And many are defaulting at record rates too. I'm not sure if your friends were defaulting Jim if they would be too proud to admit it.

Virtual wallet loans in Argentina: credit boom, sky-high rates and record delinquency - Buenos Aires Herald

Non-bank lending is growing more than traditional credit, but it comes at a cost

buenosairesherald.com

 

[Avocado]

Sounds like many are taking on debt at record rates. And many are defaulting at record rates too. I'm not sure if your friends were defaulting Jim if they would be too proud to admit it.

Virtual wallet loans in Argentina: credit boom, sky-high rates and record delinquency - Buenos Aires Herald

Non-bank lending is growing more than traditional credit, but it comes at a cost

buenosairesherald.com

People don't want to admit they are in debt. It is sad what is happening.

 

[import export]

its kinda crazy. the defaults are showing up on the street. usually you know somebody going through hard times. i haven’t seen any

You haven't seen any? The levels are at 15 year highs now. Look at the news and data. It's all out there.

56% of households are in debt; only 26% make it to the end of the month, and just another 16% make it to the end of the month and can save.

The remaining 56% make it, at most, to the 20th.What do they go into debt for? Nearly 30% responded for “everyday expenses.”Data from
@ZXConsultora.