Monday, 26 October 2020
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Costa Ricans Drowning In Consumer Debt

Ticos (Costa Ricans) have always had the habit of spending more than they earn. Interested more in showing off a new car, the latest watch or cellular phone, etc, drowning in credit card debt, placing aside austerity and spending limits. According to the MEIC, the...

Banks Repossess More Vehicles As Consumers Stop Paying

The sale of vehicles has slowed down and, as expected, also the credits for their purchase. At the same time, those who already have financing show delays in monthly payments or have stopped paying altogether. The foregoing has led financial institutions (banks mainly) to resort...

Ticos Up To Their Eyeballs In Consumer Debt: UCR Survey

The cost to have the latest smartphone or appliance, for example, are the leading causes of consumer indebtedness of Costa Ricans (Ticos), this according to the Actualidades 2017 survey conducted by the School of Statistics at the Universidad de Costa Rica (UCR). The numbers reveal...

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