Please find below the link to an article prepare by André de Almeida, together with Caio Iadocico de Faria Lima from Almeida Advogados and Jay Rodgers, partner of Womble, Carlyle, Sandridge and Rice, PLLC, about the New “Positive Credit Registry” in Brazil, published in the portal Credit Today.
According to the authors, “the average Brazilian has one credit card. The average American has four. Interest rates for all types of credit extended to Brazilian consumers averaged 44% in late February, 2011. The typical commercial business loan in Brazil recently carried an interest rate of 29%. Even if a business can get credit at this high rate, repayment periods are often short.”
Enjoy the reading.
See the complete study clicking here.
We wish you a good reading!
Almeida Advogados´ Team