Poles with PLN 54 bln debt

Overdue debt of Poles at end-2016 amounted to PLN 53.69 billion. As many as 2.3 million Poles do not repay their debts on time, according to the report compiled by BIG InfoMonitor. Between 2015-2016, the number of debtors increased by 11 percent, while the amount grew by 26 percent, the average debt increased to PLN 23,119 ( a 11 percent growth). “Debt growing faster than the number of borrowers may mean that some people who already had financial problems in 2015 are falling into ever greater trouble, or that new debtors are suddenly unable to deal with large obligations,” said Sławomir Grzelczak, CEO of BIG InfoMonitor. Overdue debts from unpaid bills and alimony are growing fastest, making up nearly half of all overdue debts, according to the report. Poland's biggest debtor owes more than PLN 102 million, the report said.