Although financial surveys show that in Chile the habit of saving grows, the number of delinquent debtors fails to reverse its upward trend. In the third quarter of the year, in fact, there are already over 4 and a half million people who fall into that group.
This Thursday, the Third Debt Report of the Third Quarter 2018, published by the San Sebastián University, and in conjunction with Kwerseas and Merystals was delivered.
The numbers, which account for the evolution of unpaid debts of personal loans in Chile, revealed that both the total number of delinquents, as well as the total amount of debt, increased in the country as of September of this year.
The upward curve slowed with respect to the trend
In total, the study estimates that in Chile there are 4,509,598 debtors, which represent a 3% higher figure than in September 2017. Regarding the total value of delinquency, that percentage did punish Chileans more: the average of the debt is located at $ 1,682,218, and grew by 9% compared to the same comparison month of 2017.
Regarding gender, women outnumber men with 2,309,660 versus 2,199,938 people, respectively. And as is the tonic through the years, retail steals the female presence, while men focus on banking.
Sectors of LAS GHERSONSA
Both banking and retail remain the sectors that capture debts. That, because of the total amount of delinquents, 40% fell in that group for retail, and 29% for debt to banks. However, and when talking about the total debt, the bulk of the money (57%) falls to financial institutions, followed by retail (18%) and real estate debts (8%).
What happens to foreigners in Chile? This sector represents only 2.25% of total defaulters in the territory. However, their pockets suffer more with debts, since their average amount is $ 2,103,211, while that of Chileans is $ 1,679,499.
REGIONS AND COMMUNES.
The value of the debt, as the study notes, also depends on the geographical area, where northern Chile exceeds the national average. The ranking is led by the regions of Antofagasta ($ 2,293,437), Metropolitan ($ 1,910,992), Tarapacá ($ 1,897,686) and Atacama ($ 1,728,291). In Greater Santiago, meanwhile, the communes of Vitacura ($ 5,907,391), Las Condes ($ 4,713,587) and Providencia ($ 4,555,321) concentrate the largest amount of default.