Chilean study confirms that no information of their finances
A study by the Universidad Bernardo O’Higgins, Chile and on “personal finances”, he concluded that the country has a very poor level of control over finances.
The document reveals that 81.5% of respondents say they do not know the monetary value of the advance fee from the credit card in the last five years the number of existing credit cards has increased by 38%.
In addition, 52.5% do not know the current interest rate credit card and, with this in the past five years the average rate at which people have borrowed rose by 33% approximately. In contrast, the cost of borrowing for corporations and high net worth individuals declined by 31%.
In the same period the number of current accounts has increased by 35% and maintenance costs differ between different banks up to 215%.
54% of those polled said ignore the amount of money they charge for maintenance of current account, whose range varies from $ 80,000 to $ 172,000 annually.
Posted in