Number of Brazilian insolvents up in April

The percentage of Brazilian in some sort of debt (overdue or otherwise) stood at 58.9% in April this year, up 57.9% from March this year, but down 59.6% against April last year.

Of all Brazilians found to be insolvent in April, 24.1% belonged to families with debts or overdue bills—a rate higher than the 23.7% reported last March and the 23.2% observed in April, 2016. April's is the highest percentage posted since September last year (24.6%), registered in a monthly survey conducted by the National Confederation of Trade in Goods, Services, and Tourism (CNC).

The percentage of families unable to pay their monthly bills or debts totaled 9.7% in April. The rate is lower than the 9.9% seen in March, but higher than the 8.2% registered in April, 2016, figures show.

According to CNC, 76.6% of debts are credit card debts. Other sources of indebtedness are payment booklets (15.3%), car loans (10.6%), personal credit (9.9%), and mortgage (8.1%).

Debts are settled at an average time of 7.1 months and average 30.2% of insolvents' salaries.

Translated by Fabrício Ferreira