[ad_1]
In April, the banks announced overdraft changes, but the new rules are valid only from July, the rate for those who pay at least the minimum amount of the current bill of the card . According to the Brazilian Federation of Banks (Febraban), customers who use more than 15% of the check limit for 30 consecutive days will receive the payment offer, with a lower interest rate than the special check. , to be defined by the institution According to Febraban's move, banks will warn customers that they are using the uncovered "align =" none "/>
.Despite the reduction in card fees revolving credit and overdraft, the credit terms are as follows: more expensive on the market
In the case of the card, the rate charged to consumers who have not paid or delayed the minimum payment of the bill (non-regular business figure) decreases by 39.1 percentage points, reaching 346.1% per annum.As a result, the average rate of credit term is set at 303.6% per annum , a reduction of 25 percentage points from April. if is the credit taken by the consumer when he pays less than the total amount of the bill of the card. The revolving credit lasts 30 days.
Last April, the National Monetary Council (NMC) defined that customers who are in default on the credit card will pay the same rate of interest as regular consumers.
Costly Arrangements
Despite the reduction in the rate of the card and overdraft, these credit terms are the most expensive among those available in banks. The personal credit rate, for example, is lower: it reached 114.7% per year in May, with a reduction of 10.2 percentage points. The payday lending rate fell by 25.4 percent a year, down 0.3 percentage points from April
The average household interest rate fell by 2, 8 points percent at 53.8% per year in May. The average activity rate fell by 0.2 percentage points, now standing at 20.6% per year. According to the head of the Central Bank's Statistics Department, Fernando Rocha, credit rates have been gradually declining and the reduction of interest on the card and the overdraft may already be an effect of changes in the regulation of the terms. "It's a possibility," he said.
Default
The number of companies that have difficulty paying their bills continues to grow in the country. The delinquency indicator data calculated by the Credit Protection Service (SPC Brazil) and the National Confederation of Traders (CNDL) show that in May, compared with the same period of time. last year, the volume increased by 9.37% of companies that had the CNPJ refused due to non-payment of bills. This is the highest growth seen in the historical series since September 2016, when the increase recorded was 9.61%. Compared with the previous month, with no seasonal adjustment, that is to say between April and May this year, the increase in corporate default was 0.73%.
Source link
