The State recorded the second highest percentage of debt regularization in the Southeast region of the country
At a national level, Minas is the 15th state on the companies’ credit recovery list | Credit: Adobe Stock
Many mining companies decided to regularize or renegotiate overdue accounts. According to data collected by Datatech Serasa Experian in 2023, debt settlements in Minas Gerais grew 58.3% compared to the previous year.
The State recorded the second highest percentage of regularizations in the Southeast region of Brazil. See below how neighboring states fared:
- Holy Spirit it was the Southeastern state that obtained the highest volume of regularizations and renegotiations, with a total of 64.8%;
- Rio de Janeiro It is São Paulo appear behind Minas Gerais with highs of 55.7% It is 46.4%respectively.
At a national level, Minas is the 15th state on the companies’ credit recovery list. At the top of ranking they are Piauí, with growth of 75.6% when compared to the year 2022. Meanwhile, Roraima is the Brazilian state with the lowest transaction rateequivalent to 42.7% recovery.
The discharge result was the highest in the historical series
Across the country, Brazilian companies ended 2023 by regularizing or renegotiating 55.2% of accounts overdue within 60 days. Also according to Serasa Experian, this was the highest percentage of regularizations since the beginning of the historical monitoring series in 2018.
Debts with amounts above R$ 10 thousand were the most paid (81.1%)followed by those between R$ 2 thousand It is R$ 10 thousand (48.6%).
“From the second half of 2023, we experienced the beginning of a reduction in interest rates and inflation, which contributed to consumers paying off or renegotiating part of their negative debts. These payments are directed to companies, which experience an increase in available capital and gain momentum to pay off their own commitments”, says Serasa Experian economist, Luiz Rabi.
Older debts were prioritized
The survey also informs the average age of debts paid off. Debts with longer than 1 year were the most prioritized in the period (64.9%). Then the accounts were 1 year (58.9%), 30 days (54.6%), 180 days (52.3%), 60 days (51.9%) It is 90 days (48.4%).
Methodology
To arrive at the research results, Serasa Experian calculated the number of debts included in the default system in each month of last year. According to Datatechthe measure of up to 60 days to settle the financial commitments of this indicator was selected by reflect the common rule used by billing solutionsbut this time may vary according to each creditor.
Furthermore, the historical series of the index is still short, with retroactive data since 2017. Therefore, it is not possible to affirm periods of seasonality, since it would be necessary to have at least 5 years of observation for this analysis.
