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An increase of 210,925 delinquent people from March 2019 to the same date in 2020, is recorded in the XXVIII Report on Debt in Default, prepared by the San Sebastián University with data from Equifax and Mapcity. According to the study, delinquent debtors reached 4,815,695, which represents 4.6% more than in the same quarter last year.
The survey reveals the effects of the social crisis, incorporating the comparison with the number of defaulters in the last two quarters of last year. From December 2019 to March this year, the number increased by 1.7%.
“The figures reveal a growth higher than the trend observed in recent years, with a rate close to 5%. In the coming months, the negative effects on employment could exacerbate the difficulties to pay that people are experiencing, and their ability to meet debt commitments, ”explains Gonzalo Edwards, dean of the Faculty of Economics and Business of the U . Saint Sebastian.
On the other hand, the average default in March of this year reached $ 1,887,930, 4% more than in December 2019. In addition to this, 59% of delinquent debt is in banks, while 20 % in retail. It is worth mentioning that 42% of delinquent debtors are concentrated in retail, followed by 28% in banking.
In Greater Santiago the communes with the highest average default are Vitacura, with $ 6,039,687; Providencia, with $ 5,060,408 and Las Condes, with $ 5,049,550. Meanwhile, Puente Alto, Maipú and Santiago have the largest number of delinquent people in the Metropolitan Region.
The incidence of community delinquencies is concentrated in the south-western sector of the capital, in communes such as San Ramón and Lo Espejo. “This situation could be exacerbated considering the importance of informal work in these sectors,” added the dean.
The regions with the highest average arrears are Antofagasta, with $ 2,594,487; Metropolitana, with $ 2,172,623 and Tarapacá, with $ 2,043,756.
Regarding gender, the number of women who have any delinquent debt is 2,460,916, while men reach 2,354,779. The average delinquency of women is $ 1,304,106, while that of men is $ 2,498,068.
Regarding age, although most of the defaulters are in the segment between 30 and 59 years of age, the most important increase from March 2019 to March 2020 occurred in the 60-69 years sections, and that of 70 and over, with 11.1% and 8.9% respectively.
On this occasion, as a way of measuring the repercussion of the pandemic due to the covid-19 on delinquency figures, the report includes a look at the situation in April.
The data concludes that last month the delinquent people reached 4,935,226, which means an increase of 2.5% compared to the previous month. However, a decrease in the average amount of default is observed, which decreases by 4.5%, since it goes from $ 1,887,930 in the month of March to $ 1,802,346 in the month of April.
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