Number of Borrowers with Payment Arrears Increases By 2.5%

In detail

In detail

At the end of 2010, the Central Office contained the data of 4 963 644 people and 8 253 320 loans, an increase of 1.3% and 1.2% respectively. 1 513 652 new credit agreements were registered during the year. This 2.4% increase is solely due to the success of the mortgage loan. In 2010, 20.7% more mortgage loans were granted to private individuals than in 2009 (350 398 contracts), while the number of new consumer loans decreased by 2.0% (1,163,254 contracts). Overall, the findings made in 2009 can be extended to 2010. Consumers are still fully experiencing the impact of the economic crisis and are increasingly confronted with payment difficulties, which is clear from the following key figures:

  • The number of borrowers with payment arrears increases by 2.5% to 365 374 people.
  • The number of credit agreements with outstanding payment arrears increases by 3.3% to 448 725 contracts.
  • The total arrears increase by 0.26 billion euros to 2.42 billion euros. The increase is more pronounced with mortgage loans than with consumer loans.
  • 123 704 new payment arrears were registered, about the same as in 2009.
  • The number of collective debt settlements increases by 11.5% to 87 125.
  • 17 864 new applications to obtain a collective debt settlement were included, or 1 960 more than in 2009.

Just like last year, the outstanding outstanding amount is growing much faster than the number of outstanding defaults. This means that not only more people are confronted with payment difficulties, but especially that existing payment difficulties are increasing and therefore also the risk of finding themselves in a state of real over-indebtedness. Consequently, it is not surprising that more and more people rely on the collective debt settlement procedure. The Central was consulted by lenders more than 12 million times in 2010. 181 062 applications were also processed from consumers who wished to know their personal data, an increase of 15.6% which is solely the result of the possibility that the Bank has offered since 2009 to consult the Central via the Internet using the electronic identity card.

 

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Important information

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