Recovery survey shows that half of the debts correspond to credit card 

A Recovery, Itau Group company and national reference in the purchase and management of delinquent credits, in currently manages a total of R$ 134 billion defaulted credits. This amount includes debts of individuals (CPF) and legal entities (CNPJ). In the case of individuals, half of the outstanding amounts 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 thanks to the large volume of banks and fintechs in the market (which moves the economy, but can also lead many Brazilians to financial uncontrolled. The sooner debts are resolved, the better, so the person or company can negotiate better payment terms and even reduce the total value of debt. This is especially important in the case of the credit card, which has high interest”, he says Camila Poltronieri Flaquer, head of Digital Recovery Collection.

According to the survey, the average debt of Brazilians on credit cards is R$ 4,309.00. The regional distribution reveals that 46% of those indebted 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 most populous regions of the country.

The second main category of debt on the basis of Recovery includes banking products such as loans, payroll loans and personal credit, representing 29% of the outstanding debts of individuals and 34% of those of companies. The rest involves debts related to retail, education and telecommunications. “This data reflects debts sold to the market and currently under the management of Recovery”, explains Camila.

The second type of financial backlog between the data of the Recovery database, which corresponds to 29% of the debts of individuals and 34% of companies, encompasses other types of banking products such as loans, payroll loans, personal credit, among others. The rest corresponds to banking products linked to retail and sectors such as education and telecommunications services. “All these data are from debts that were sold to the market and are now under the management of Recovery”, concludes Camila.

To facilitate people can perform debt renegotiation, including credit card, the tip is the consumer take advantage of the Mega Feirao do Nome Clean Recovery. 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 renegotiation should consult the CPF number on the website https://renegocie.gruporecovery.com, by WhatsApp (11) 4765-8402 or by free call by phone 0800 772 3331. The company's customer service team will also actively contact customers through telephone service.