Chile Consumer Debt Registry Almost Doubles, Mercurio Reports

Chile’s consumer debt registry almost doubled in the past year as 975,000 people fell behind on loan and credit repayments, the newspaper El Mercurio reported today, citing data provided by banking association Sinacofi.

The registry of consumers who are late on debt repayments now totals 2.1 million people in a nation of 17 million, the Santiago-based paper reported. Regulators in February 2012 deleted 2.9 million people from the registry, the paper said.

To contact the reporter on this story: Randall Woods in Santiago at rwoods13@bloomberg.net.

To contact the editor responsible for this story: Andre Soliani at asoliani@bloomberg.net.

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