BIG Infomonitor: Poles’ debt grew by PLN 10.8 billion in 2017

Poles’ overdue debt amounted to PLN 64.5 billion last year, an increase by PLN 10.8 billion compared with the end-2016, according to an InfoDług report published by BIG Infomonitor. The number of unreliable debtors increased by 193k to over 2.5 million people. The average unpaid debt is worth PLN 25,643. “It can be assumed that the increase in the share of high arrears and the drop in low ones may be influenced by the improvement of the financial situation of households, which on one hand increases consumer aspirations and increases creditworthiness, translating into higher amounts of borrowed loans, and on the other hand allows to pay off their liabilities. For 30 percent of the surveyed households, the financial injection in the form of the Family 500+ program was an opportunity to pay off unregulated liabilities partially or totally, for 5 percent it allowed to take up a loan, while for another 5 percent it was a chance to increase the amount borrowed,” said BIG InfoMonitor President Sławomir Grzelczak. The report presents data on unpaid installments of loans, loans, phone invoices, media and alimony payments, court fines, penalties for driving without a ticket, and debts vindicated. Delinquency concerns sums amounting to min. PLN 200 for one creditor, delayed by at least 60 days, although from November 13, 2017, creditors may enter debtors to the register after 30 days.