not buy things you can not afford!
difficult it seems, but the rate we're going to the level of indebtedness, whether it is worth reflecting a bit about it.
Much of the world's population at the expense of more debt, regardless of the cost of credit, term, the ability to pay or the relevance of the property being purchased. Whatever. Favourable credit conditions allow it.
The lower cost of money, substitute products that compete aggressively and ease of access to credit with less demanding standards to get are ones that make us realize the dream of a higher purchasing power. Thus, the household debt has not stopped growing.
During this year in Chile , there was an increase of over 15% of bank consumer loans (Sept. 2006). And that's without considering that from 1999 to date there has been a sharp decline in the participation of banks in the market for consumer credit. In the traditional supply of bank consumer loans, has joined a growing volume of loans granted by commercial houses, supermarkets, insurance, compensation funds and credit unions, among others. Today, non-bank credit providers meet 34% of demand, in contrast to 27% in 1999.
Similarly, the escalation in the use of credit cards by different institutions, both banking and non-banking as a means to channel consumer loans, are the other leaders that thousands of families (thousands of thousands, perhaps) suffer from excessive debt. While both types of suppliers of credit have increased significantly the number of cards issued, non-bank issuers show a greater increase and greater participation, close to 73%.
Finally, to give more back if the outlook for 2007 looks the same. And if you're drowning in debt as the great majority of Chileans, I leave a fun video. And remember:
Buy, buy that the world is going to end ..... but in cash. How?. Watch the video and then talked.
Much of the world's population at the expense of more debt, regardless of the cost of credit, term, the ability to pay or the relevance of the property being purchased. Whatever. Favourable credit conditions allow it.
The lower cost of money, substitute products that compete aggressively and ease of access to credit with less demanding standards to get are ones that make us realize the dream of a higher purchasing power. Thus, the household debt has not stopped growing.
During this year in Chile , there was an increase of over 15% of bank consumer loans (Sept. 2006). And that's without considering that from 1999 to date there has been a sharp decline in the participation of banks in the market for consumer credit. In the traditional supply of bank consumer loans, has joined a growing volume of loans granted by commercial houses, supermarkets, insurance, compensation funds and credit unions, among others. Today, non-bank credit providers meet 34% of demand, in contrast to 27% in 1999.
Similarly, the escalation in the use of credit cards by different institutions, both banking and non-banking as a means to channel consumer loans, are the other leaders that thousands of families (thousands of thousands, perhaps) suffer from excessive debt. While both types of suppliers of credit have increased significantly the number of cards issued, non-bank issuers show a greater increase and greater participation, close to 73%.
Finally, to give more back if the outlook for 2007 looks the same. And if you're drowning in debt as the great majority of Chileans, I leave a fun video. And remember:
Buy, buy that the world is going to end ..... but in cash. How?. Watch the video and then talked.
0 comments:
Post a Comment