Table 4 Consumer loan arrears (in %) for each debtor type (all waves) and shares of each loan motive as a fraction of the total consumer debt (in %): averages across borrowers (all waves)
From: Adverse selection, loan access and default behavior in the Chilean consumer debt market
Type of debtor | Arrears in past year | Arrears of the current loans | Shares of loan motives | |||
|---|---|---|---|---|---|---|
(1 month or more) | (1 month or more) | (3Â months or more) | Durables | Pay past debts | Health expenses | |
2007–2017 | 2010–2017 | 2010–2017 | ||||
Bank | 16.7 | 11.6 | 4.2 | 34.2 | 16.7 | 5.3 |
Bank + Retail | 27.4 | 21.2 | 7.7 | 24.8 | 19.0 | 5.7 |
Retail Store | 22.4 | 19.6 | 2.2 | 5.3 | 4.5 | 3.6 |
Union Debt | 21.0 | 16.1 | 6.1 | 28.1 | 20.4 | 13.4 |
Other Debts | 25.2 | 8.9 | 2.2 | 55.9 | 4.4 | 1.6 |
All debtors | 22.8 | 17.1 | 4.2 | 21.6 | 11.2 | 5.1 |