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SPC Brasil: Nearly 40% of Brazilian consumers now have delinquent payments

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SPC Brasil: Nearly 40% of Brazilian consumers now have delinquent payments

The number of Brazilian consumers with overdue payments roseby 700,000 in the month of March, bringing the total figure to 58.7 million, accordingto SPC Brasil.

The total figure represents 39.64% of Brazil's population betweenthe ages of 18 and 95 years, data from the credit protection service and Brazil'snational confederation of merchant leaders, CNDL, showed.

Honório Pinheiro, the head of the CNDL, predicted that delinquentpayments will continue to rise over the coming months as Brazil's economy worsensand unemployment levels further rise.