The crisis of purchasing power and the chronic increase in the cost of living in Argentina began to impact harshly on the sheets of banks and alternative financing entities. According to data from the Mendoza Sectional Banking Association, the index of late payment in the traditional financial system is already 14 per cent, driven by a change in consumption patterns where families use credit not for luxury goods, but to afford food, medicines an…
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The crisis of purchasing power and the chronic increase in the cost of living in Argentina began to impact harshly on the sheets of banks and alternative financing entities. According to data from the Mendoza Sectional Banking Association, the index of late payment in the traditional financial system is already 14 per cent, driven by a change in consumption patterns where families use credit not for luxury goods, but to afford food, medicines an…