They Warn for Loans with Rates of up to 29,000% per Year and Ask for State Intervention
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Economist Nicolás Litvinoff questioned the cost of some digital credits and noted that nearly 6 million people have arrears greater than 90 days.
The economist and director of the portal estudinero.org, Nicolás Litvinoff, warned about the social and economic impact of fast access credits granted by digital platforms and virtual wallets, whose Total Financial Costs (CFT) in some cases go up to 29.000% per year. Faced with this situation, the specialist questioned the position of the national government to consider the phenomenon as "a private matter" and called for state regulation to avoi…
The growth of family indebtedness once again put under the spotlight the conditions of access to credit and the rates applied by some financial institutions and applications.In this context, the economist and director of student.org, Nicolás Litvinoff, warned that there are loans whose rates can reach up to 29.000% per year and demanded a state intervention to change market conditions. Litvinoff questioned the argument that indebtedness is exclu…
Buenos Aires, 22 August (NA)-- The economist and director of estudinero.org, Nicolás Litvinoff, warned about the high rates that loans charge, which in some cases amount to 29.000% per year, and urged the state to make an intervention to "change the rules of the game" and help the most needy. Litvinoff rejected the sayings of the government economic team that the underlying problem "is a private issue" and explained why there should be a state i…
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