Credit card

Number of people default on loan, card payments falls in 2023

The number of people with unpaid consumer loans and credit card payments declined by 11.6 percent last year from 2022 to 1.32 million, according to data Encazip compiled.

In 2022, nearly 1.5 million people failed to make consumer loans and credit card payments, according to the numbers of the Turkish Banks Association's (TBB) Risk Center.

Credit card fraud swelling

About 7.2 million euros was charged in the first half of 2023 to debit and credit card holders due to the 31% increase in fraud incidents which raised the amount "embezzled" from cards to €12.5 million (an increase of 29% compared to the second half of 2022).

Bulgaria is in the Top 25 Countries with the Biggest Debt Slaves

With inflation driving up costs, global debts are nearing record highs at $305 trillion - around $45 trillion higher than pre-pandemic levels. Moreover, a worldwide recession has been warned for 2023 at the World Economic Forum earlier this year in the face of rising debt vulnerabilities.

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