[ad_1]
Around BGN 2220 is the average amount of non-productive liabilities of households in Bulgaria during the crisis. The data comes from one of the largest debt collection companies in Bulgaria.
Most of the debts accumulate in the big cities and in the Northwest region. Very often, consumers owe banks, microcredit, telecommunications, leasing, and insurance companies. The average amount of non-performing loans hardly changes in the year of the crisis, but a strong jump in defaulters is still expected, predicts Lilia Dimitrova of the Association of Collection Agencies, cited by BNR.
People who say they can’t pay have doubled. Some of the mortgages, which are currently being paid off relatively regularly, may also suffer next year. Unlike housing deals, real estate investment and office stresses are already being felt, experts say, advising consumers in the current situation to get their finances right.
“It is important, when we have a loan, to have a vision of how I will pay it back at least in the next six months. If we know that we cannot pay it, contact our lender to find a favorable option for both parties. And these are the expenses that we do not. they are of extreme urgency should be really limited ”, advises Lilia Dimitrova.
For the first time on the map of the cities with the most indebted households is Pleven. The country’s big cities remain, says Lilia Dimitrova.
“Sofia has the largest share. Also northwestern Bulgaria and big cities. The figures on average debt have not changed, because they are generally unsecured consumer loans,” he added.
According to BNB data, loans to households in November amounted to BGN 25,474 million (22.9% of GDP), increasing 6.9% compared to November 2019 after an increase of 7.1% in October 2020. In November, home loans amounted to BGN 11,897 million and increased annually by 11.8% (with an annual increase of 11.9% in October), while consumer loans amounted to BGN 11,926 million to late November and were 5.4% above November 2019 levels after their 5.9% increase a month earlier.
