4.1 million citizens were blacklisted in 5 years

CHP Adana MP Burhanettin Bulut said that while the banking sector has added profits to its profits in the past year due to the economic crisis, millions of citizens have been ‘blacklisted’ due to their debts from credit cards and personal loans that they have become unable to pay.

Bulut indicated that in the period January-September 2022, a total of 819 thousand 547 citizens were taken to the execution process by banks for not being able to pay their personal loan debts to banks, and 706 thousand 457 citizens could not pay. your credit card debt on time.

ARE BORROWED CONTINUOUSLY AGAINST INFLATION

Noting that the number of indebted citizens is increasing every year, Bulut pointed out that citizens whose income is declining due to inflation are constantly borrowing to meet their basic needs.

Stating that the citizen’s salary was not enough to cover his expenses in the face of exorbitant increases, Bulut continued as follows:

“Citizens are trapped in debt. Compared to the same period last year, there was an increase of 125,672 in the number of those who were unable to pay their personal credit card debt, and an increase of 396,414 in the number of those who were unable to pay their credit card debt. credit card.

When counted as a single person who is tracked for both credit card debt and consumer loan debt, a total of 1,219,397 people were blacklisted by the Credit Risk Center. the Turkish Banking Association. The number of those who have been followed by banks in the last five years, whose debts still continue, was 4 million 165 thousand 902 at the end of September.

WINNING BANKS, LOST CITIZENS

Stating that the interest received by banks from citizens in the 9-month period of this year due to their personal loan and credit card debts reached 129.3 billion lira, Bulut continued as follows:

“In the new economic model implemented by the government, the winners were the banks and the losers were the citizens. In the same period last year, banks received 84.8 billion liras of interest on personal loans and credit cards, and 118.5 billion liras for the whole year.

In the first nine months of this year, banks received 44.4 billion lira more in interest from citizens compared to the same period last year.

The total debt of citizens to banks, finance companies, asset management companies and TOKİ is around 1 trillion 455 billion lira. There has been an increase of 369 billion lira in debt and 371 billion lira in total debt since the beginning of the year.”