The Price of Consumer Debt

Credit is a difficult issue in Latin America. Credit card APR interest regularly runs at 30-50 percent, upwards of five times what it is in North America. Bank loans are not a lot cheaper. Yet more than ever ¬†Brazilian consumers are borrowing¬†and financial institutions are encouraging them to do so. When I recently opened up Read more about The Price of Consumer Debt[…]

#5 Credit: Brazilians Debtor despondency rises by 3.9% Over A Year Ago

The current trend toward rogue debtors in Brazil is a result of at least two phenomena: first, the conditions surrounding a boom in credit, including the way purchases are parceled out over time and a society with little credit experience; second, the phenomenon I wrote about last entry–the fantastical price of consumer durables here in Brazil.