A Recovery, a company of the Itaú Group and a national reference in the purchase and management of delinquent credits,currently manages a total of R$ 134 billion in delinquent credits. This amount includes debts from individuals (CPF) and legal entities (CNPJ). In the case of individuals, half of the outstanding debts are linked to the use of credit cards. Among companies, this type of debt represents only 9% of the total.
“Today, there is easier access to credit thanks to the large number of banks and fintechs in the market—which boosts the economy but can also lead many Brazilians to financial mismanagement. The sooner debts are resolved, the better, as the individual or company can negotiate better payment conditions and even reduce the total debt amount. This is especially important in the case of credit cards, which have high interest rates,” says Camila Poltronieri Flaquer, Head of Digital Collections at Recovery.
According to the survey, the average credit card debt of Brazilians is R$ 4,309.00. The regional distribution reveals that 46% of indebted individuals in this category are in the Southeast, 30% in the Northeast, 11% in the South, 6% in the North, and 7% in the Midwest, showing a significant concentration in the country’s most populous regions.
The second main category of debts in Recovery’s portfolio includes banking products such as loans, payroll loans, and personal credit, representing 29% of individuals’ outstanding debts and 34% of companies’. The remainder involves debts related to retail, education, and telecommunications. “This data reflects debts sold to the market and currently under Recovery’s management,” explains Camila.
The second type of financial delinquency in Recovery’s database, accounting for 29% of individuals’ debts and 34% of companies’, includes other banking products such as loans, payroll loans, personal credit, among others. The remainder corresponds to banking products linked to retail and sectors such as education and telecommunications services. “All this data refers to debts that were sold to the market and are now under Recovery’s management,” concludes Camila.
To facilitate debt renegotiation, including credit card debts, the tip is for consumers to take advantage of the Mega Feirão do Nome Limpo Recovery. The campaign, running until December 20, offers discounts of up to 99% and installment plans of up to 48 times, with a minimum installment value of R$ 50.00.
Those interested in renegotiation should check their CPF number on the website https://renegocie.gruporecovery.com, via WhatsApp (11) 4765-8402, or through a free call at 0800 772 3331. The company’s customer service team will also proactively contact clients via phone service.
