A Recovery, a company of the Itaú Group and a national reference in buying and managing defaulted credits, currently manages a total of R$ 134 billion in defaulted credits. This amount includes debts of individuals (CPF) and legal entities (CNPJ). In the case of individuals, half of the arrears are linked to the use of credit cards. Among companies, this type of debt represents only 9% of the total.
“Nowadays, there is easier access to credit due to the large number of banks and fintechs in the market – which drives the economy but can also lead many Brazilians to financial distress. The sooner debts are resolved, the better, so individuals or companies can negotiate better payment terms 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 debt of Brazilians on credit cards is R$ 4,309.00. The regional distribution reveals that 46% of indebted people in this category are in the Southeast, 30% in the Northeast, 11% in the South, 6% in the North, and 7% in the Midwest, highlighting a significant concentration in the most populous regions of the country.
The second main category of debts in Recovery’s portfolio includes banking products like loans, payroll loans, and personal loans, representing 29% of individual arrears and 34% of corporate ones. The remainder involves debts related to retail, education, and telecommunications. “These data reflect debts sold to the market and currently under Recovery’s management,” explains Camila.
The second type of financial liabilities among the data from Recovery, which corresponds to 29% of individual debts and 34% of companies, encompasses other types of banking products such as loans, payroll loans, personal loans, among others. The remainder corresponds to banking products linked to retail and sectors such as education and telecommunications services. “All this data is debts that were sold to the market and are now managed by Recovery,” concludes Camila.
To facilitate people’s ability to renegotiate debts, including credit card debts, the tip is for consumers to take advantage of the Recovery Clean Name Mega Fair. The campaign, which runs until 20/12, offers discounts of up to 99% and installments of up to 48 times, with a minimum value of R$ 50.00 per installment.
Those interested in renegotiating should check their CPF number through the website https://renegocie.gruporecovery.com, through WhatsApp (11) 4765-8402 or through a toll-free call at 0800 772 3331. The company’s service team will also actively contact customers through phone calls.
