The number of Brazilian consumers listed in credit default reached 63,29 million in May, reflecting a 2.78% year-on-year increase. Data by the Serviço de Proteção ao Crédito-SPC Brasil (credit protection services) and Confederação Nacional de Dirigentes Lojistas-CNDL (a retailer association) says that the Southeast region was the one recording the sharpest increase in consumers listed as defaulters in Brazil – a status that creates restrictions for buying on credit -, reflecting a growth of 8.07% in May. In the other regions, growth has been lower, with 2.95% in Northeast, 2.27% in Center-West, 1.55% in North and 1.08% in South.

Northern region has the highest rate of defaulters – 48% of adult population living in this region, or 5,8 million defaulters. Northeast region follows, with 17,45 millions of credit defaulters or 43% of adult population; Center-West, recording a 4,94 million listed defaulters (42% of population), Southeast, having 26,94 million defaulters (41% of population) and South, 8,15 million defaulters (36%).

Of total national 63,29 million defaulters, 17,9 million are aged 30-39 years.

Original Story: Agência Brasil
Photograph: Depositphotos
Translation and Edition: Prime Yield