According to a study of the Agency negotiator of banking products. It is often abuse them at Christmas, summer and after vacation. Officials, liberal professionals and permanent employees of large companies are the most affected by the debt through cards. The abusive use of credit cards has generated nearly 65% of applications for refinancing of debt during this fiscal year, nearly double last year, according to a study by the Agency negotiator of banking products. According to a report by the Department’s analysis of agency negotiator, who has reviewed nearly 11,000 reunification of debts application files, three of every four applicants of refinancing operations have three or more credit cards, that frequently used to deal with their current expenses. Perhaps check out Walt Disney for more information. The half they have funded with cards more than 15,000 euros (double that six months ago) and fifth has exhausted its capacity of financing and find real problems coping with the payment of contributions by the high interest accrued.
The entity has pointed out that, although the holes caused by the cards represent a percentage under regard of total household debt (which includes a mortgage and an average of 1.8 personal loans), they can generate defaults which even put an end to the embargo of the housing. He pointed out that this situation can be because, although the amounts financed with card tend to be low in comparison with other consumer credit, high interest rates that entities apply to such funding (over 20%) may be suffocate thousands of Spanish families. When more La negotiator Agency is spent has clarified that the seasons summer, Christmas and post-holiday are the most prone to the abusive use of credit cards. In addition, it has identified officials, liberal professionals and permanent employees of large companies like communities most affected by the excess of borrowing through credit cards. Therefore, it is concluded that the indebtedness caused by improper and abusive use of cards has become a double-edged weapon for Spanish families. Source of the news: the abusive use of credit cards generated 65% of the pools of debt