A big increase in number of people who cannot pay their loan debt

According to TBB Risk Center data, while the number of those who experience financial problems due to falling behind on credit card or loan payments (or not paying at all) was 603 thousand people in the first 6 months of last year, this number increased to 856 thousand people in the first 6 months of this year. As of the end of June, a total of 4.1 million citizens are under legal follow-up.

The data announced by the Banks Association of Turkey (TBB) Risk Center for June 2022 revealed that the number of people who are facing legal proceedings due to personal loan or individual credit card debt has increased.

Accordingly, while the number of people who have submitted to legal proceedings due to personal credit card debt was 222 thousand people, in 2021 January June period, it increased to 471 thousand people in 2022 January-June period.

As of the end of June 2022, the number of people who are involved in the legal follow-up process with banks due to personal loans and credit card debt was 4 million 126 thousand people.

SOURCE: sozcu.com.tr/2022/ekonomi/kredi-borcunu-odeyemeyenlerde-buyuk-artis-7310545/