Edition 1450
18 November 2017
Edition: 1450

Read this week's issue online exactly as it appears in print.

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More families seeking help with excessive debt - consumer group

by TPN/ Lusa, in Business · 02-11-2017 14:32:00 · 0 Comments

Deco, Portugal’s leading consumer association, has received requests for help in dealing with debt problems from 26,080 families so far this year, 50 more than in the same period of 2016, the group said.

Of the total approaches made to it in the period 1 January to 25 October, however, Deco has been able to help in just 2,001 cases in part because some families came to it too late, in some cases for legal reasons, the group explained to Lusa News Agency.
The 2,001 figure is up 16 on the equivalent at this time last year.
The most common cause for families to seek help from Deco this year is once more unemployment, which was cited in 30 percent of cases.
Worsening job conditions accounted for just over 23 requests, followed by debt collection/seizure of assets or income, divorce/separation and illness/disability, at 10 percent each.
Portugal’s unemployment rate in September fell to 8.6 percent - its lowest level in almost nine years, as the economy continued to grow strongly.
However, both private and public indebtedness remain a major problem for the country.

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Edition 1450
18 November 2017
Edition: 1450

Read this week's issue online exactly as it appears in print.

Twitter