Number of blacklisted retail loans falls by 5 pc

Budapest, September 1 (MTI) – The number of retail loan contracts in a database of delinquent borrowers in Hungary reached 1,796,000 in June, down more than 5 percent from the end of last year, business daily Vilaggazdasag said on Tuesday, citing data from BISZ, which compiles the blacklist.

The paper said compensation awarded clients under borrowers relief legislation could explain the decline.

Retail borrowers who fall more than the monthly minimum wage behind on loan payments for more than 90 days are inscribed on the list. The list also includes people who try to borrow money using false identities as well as those charged with bank card fraud.

Source: http://mtva.hu/hu/hungary-matters