The sharp drop suffered in 2020 in the world economy due to the Covid-19 pandemic and its subsequent recovery has led to global credit demand reaching 102% at the end of September 2021, thus increasing by almost 30 points compared to April of 2020.
This is indicated in the “Credit Trends Report” for the ninth month of the year and which has been drawn up by the National Association of Credit Financial Establishments (ASNEF) and Equifax.
The risk profile of the demand for credit (Hit-Rate) it accentuates its downward trend and stands, with 85%, clearly below pre-COVID levels. Thus, the risk profile of the demand, which measures the percentage of debtors found in the ASNEF file on the total number of credit inquiries, reaches its lowest data in the last three years, after the deterioration suffered from March of 2020 due to confinement and the COVID-19 pandemic.
Source: Equifax
In addition, the study indicates that, after the increase registered since September 2019, the stock of doubtful balances continues with the decreasing trend that began in the last part of 2020, a trend that has been consolidated in the observed months of the year 2021.
Source: Equifax
Finally, another of the conclusions reached by the investigation is that the recovery, with 95%, has had a rebound during the year 2021, reaching the maximum registered in the last three years during the month of May. Thus, this indicator, which measures the flow of recovery of the overdue balance under management, has already reached the levels prior to the pandemic.
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