May/090
Slightly decreases the consumer credit in Italy
According to a recent study by Confcommercio-Censis on “climate of trust and expectations of Italian families”:
“The economic downturn – it says – has shed light on the problem of the rapid growth of Italian households and dissemination of insolvencies, although the rate of debt in Italy remains among the lowest in the industrialized Weights”
Consumer credit seems to backtrack and start to decline.
This year 15.5% of households made use of consumer credit, while in January 2009 was 17.8%. The percentages are not high, but collection periods are quite close together.
Also about 50% of households claim to use consumer credit only by necessity and not as a customary purchase.
For Memory remaining 50%. That the consumer credit purchases allow quick, low monthly figures, but the interest rates drive up the purchase price at the expense of the buyer.
When possible I always recommend waiting in buying the product and put away each month the amount necessary to pay interest to the finance company.