Credit debts oblige 2 trillion lira
Citizens continue to borrow to meet costs. According to the data of the Banking Supervision and Regulation Agency (BDDK), the total debt of the citizen in consumer loans and personal credit cards is 2 trillion lira. Although inflation is declining, the purchasing power that has bottomed out with the continuous depreciation of the LT causes citizens to get more indebted every day. According to BRSA data for the week of April 7, citizens’ debt reached TL 1 trillion 857 billion 108 million with an increase of TL 7.86 billion in one week.
Citizen’s consumer loan debt reached TL 1.280 billion 80 million, and personal credit card debt was TL 577 billion 28 million. When we looked at the BRSA data retrospectively, it revealed that in 2023, citizens fell into debt rapidly compared to the previous year. In 2022, the 1-year loan amount was 543 billion 208 million TL. This year, citizens owed 327 billion 70 million TL in the first week of the fourth month, 60.21 percent of the total debt of the previous year. The loan amount, which was TL 51 billion 669 million in the first week of April 2022, doubled 6 times this year in the same period.
CARD DEBT INCREASES 2.5 TIMES
In the first week of April 2022, the total individual consumer loans and credit card debt was 1,038,499 million lira. In 1 year, the increase in debt reached 818 thousand 609 million liras. In the same period, the annual increase in debt in consumer loans was 472.988 million liras, while personal credit card debts increased 2.5 times in 1 year with 345.622 million liras.
A loan of TL 196.6 billion was used
While the increase in consumer loans reached TL 196 billion 645 million in the new year, personal credit card debts increased by TL 130 billion 426 million. Looking at the total debt data for the first week of April 2023, the citizen used consumer loans of TL 143 billion 78 million since the beginning of the year, while the citizen’s consumer loan debt increase in the same period of 2022 was 13 billion 611 million TL.