38% of consumers INCOME is not sufficient to COVER expenses, POINTS SEARCH

SPC search Brazil (credit protection service) and the CNDL (Confederación Nacional de Dirigentes Lojistas) reveals that 38% of respondents are the accounts into the red. This means that their income is not enough to pay all the expenses. The survey was conducted in February in 12 Brazilian cities and heard 800 consumers aged 18 years or more, of both sexes and of all social classes. The margin of error is 3.5 percentage points. According to the survey, most consumers ears, 40%, reported to be in "zero-zero", i.e. no spare and not lack of money. Other 18% said they are with leftover funds to consume or make investments. The remaining 4% did not know or chose not to answer. According to the entities, almost half (49%) of consumers surveyed in February expressed the intention to reduce spending. Only 8% reported that plans to increase expenditure. To 40%, spending should remain stable. The SPC Brazil signed on Tuesday (6) with the Central Bank a cooperation agreement with the objective of promoting coordinated actions, lectures and courses in the areas of citizenship, financial protection to users of financial products and services and inclusion financial. Credit is ' difficult ' for the majority To 51% of respondents ears on research, hiring credit is difficult. Other 22% consider the access to "regular" credit and, to 14%, it is "easy". In 2017, the bank credit fell 0.6%, second year in a row of shrinkage. "Easy credit and without red tape might seem a positive thing in the eyes of the consumer, but in many cases the consideration that agility is the collection of very high interest rates. The credit can be an ally for the acquisition of consumer goods of higher value but, if not used, can be the gateway to the financial disarray, "said the Chief Economist of the SPC Brazil, Marcela Kawauti. According to the poll, six out of ten consumers (58%) are not used in any kind of credit in the last month as credit cards, overdraft or loan funding lines. Others 42% mentioned use of at least one form of credit in the period. Of these, almost half (48%) reported that late installment at some point. Credit cards (36%) and credit (12%) were the most commonly used modalities in January this year. The overdraft was quoted by 7% and 6% for financing. Loans denied the use of the established amount receivable by the SPC and the CNDL Brazil reveals that 22% of Brazilians had denied credit on the last January when trying to pay a purchase in stores or hire services in the long term. The main causes were: · Lack of proof of income or insufficient income (36%) · Restrictions on CPF because of default (31%) "With the Brazilian smaller income, the credit analysis has become more careful to avoid default and grants have declined over the period more severe recession. Only now the credit begins to recover, but it is prudent that there is control and criteria about the release of credit institutions and consumers remain cautious before debt ", Roque Junior Pellizzaro, President of SPC Brazil.