752 thousand people were subjected to execution procedures in 7 months

While interest rates on consumer loans, close to 5 percent monthly and 60 percent annually, reduce the use of personal loans, citizens whose income is not enough to spend due to high inflation continue to borrow with Credit cards.

In the first seven months of this year, 752,206 people were subject to coercive measures by banks because they could not pay their debts at the end of the arrears period, both for credit card debts and consumer loans. The number of files received by law enforcement offices increased by 60 percent.

In the economic report prepared by CHP, prepared from official data, the following determinations were made:

-The balance of individual loan and credit card debt of citizens with banks and financial institutions increased by 1.8 billion lira in the week of September 1 to 8, reaching 2 trillion 414 billion lira.

-While there was a decrease of almost one billion lira in consumer loans in the week in question, there was an increase of 2.7 billion lira in the balance of credit card debt.

– Since the beginning of the year, consumer loans increased by 32 percent to 1 trillion 478 billion lira, and the balance of credit card debt increased by 106 percent to 936 billion lira.

IT WAS RESISTANT FOR 40 BILLION LIRAS

– Credits receivable from citizens, which banks subjected to enforcement procedures because they could not collect them on time, increased by 9.6 billion lira since the beginning of the year, reaching 39.9 billion lira. There is doubtful consumer credit worth 36.6 billion lira under the control of asset management companies. Meanwhile, citizens have an installment housing debt of 46 billion lira with TOKİ.

-In the January-July period of this year, 486,347 people were subjected to execution procedures by banks for not being able to pay their personal loan debts and 461,496 people were unable to pay their credit card debts on time. credit. If those who were followed by debts from both credit cards and consumer loans are counted individually, in this period, a total of 752 thousand 206 people were put into coercive action by the banks because they could not pay their debts at the end the default. period.

-The number of people who were subjected to the execution process for their debts in previous years, but whose debts still continue, amounted to 3 million 834 thousand 908 people. A single person is considered to be followed by banks and asset management companies at the same time. According to data from the Risk Center, there are currently 2 million 386 thousand 880 people under monitoring by banks and 2 million 43 thousand 622 people under monitoring by asset management companies.

-The number of new files that arrived at the inspection offices between January 1 and September 15, 2023 increased by 59.7 percent compared to the same period last year, reaching 9 million 789 thousand. In the same period, 11 million 232 thousand files were concluded due to the abandonment of some credits in execution from subscriptions. In this way, the number of files opened through the UYAP and pending in the inspection offices reached 21 million 781 thousand.