Jul 08

Debt cancellation: the dilemma of the Argentines

Ixpandit Fintech Factory, a company dedicated to providing digital loans through its service Adelantos.com with more than 10 years of experience in the market, conducted a new survey among its users to know what the reasons for the request were.

2020 was undoubtedly the year where the population suffered a severe economic blow. The loss of jobs or reduced fees led to many people getting into debt.

“While in May 2020, the application for loans to cancel debts reached a total of 41.5%; a little over a year after the start of the pandemic, the average remains pretty close at 39%. In this way, it is verified that a large part of the destination of the funds of our loans are still oriented to cancel other liabilities and in this way unify expenses, in these hard months”, said Florencia Valdes, Marketing Manager of Ixpandit Fintech Factory.

Interviewer here