The social conflicts that arose in Peru in 2022 and that have intensified in these first two months of the year have been deteriorating the income of families and increasing their level of indebtedness, along with low economic growth and a inflation higher and higher, product of political instability.
According to a report by Equifax, the number of Peruvians with arrears in their debts with banks and services grew by 800,000 until August 2022. Likewise, it pointed out that the delinquent debt of these 8 and a half million people reached S/ 30,900 millions.
Another factor that influences this indebtedness is the low level of financial education, causing people to borrow more than they really need. One of the solutions to this is to consolidate all the debts into one with an affordable monthly payment fee and over a longer period of time (between 3 and 10 years). Until January 2023, debt consolidation requests have risen by 20% on the platform Rebajatuscuentas.com.
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“Definitely owing more than one financial institution generates several inconveniences, reduces payment capacity and ends up paying much more in interest, especially on credit cards. To do this, the ideal is to consolidate all debts into one, paying a lower monthly fee, less interest and ordering finances. That is why the demand for debt consolidation from our clients has increased to 20% of the total requests from January 2022 to January 2023″, assured Nicolás Mendoza del Solar, co-founder of Rebajatuscuentas.com.
Another important point, in addition to borrowing capacity, is the level of delinquency that has been recorded to date with respect to mortgage-backed loans that have already been granted.
Thus, Nicolás Mendoza del Solar, said that in the period January 2022 – January 2023, 300% more loans were placed for debt consolidation and the level of delinquency so far is less than 6%.
“For this 2023 we expect that the requests for the reunification of debts will increase. We are very grateful to our clients, who during 2022 trusted us to help them order their finances, through our secure mortgage loans and with a very competitive interest rate.”, concluded Mendoza del Solar.
