Costa Rica Credit Card Debt Grows 23%

Costa Rica News – The number of cards in circulation in the country grew by 9% between July 2016 and July this year, and the balance of debt increased by 23% in the same period.
That is the result of the latest quarterly study on credit and debit cards, carried out by the Ministry of Economy, Industry and Commerce (MEIC), through the Directorate of Economic and Market Research.
The MEIC said there are 2,528,051 credit cards of which 32% correspond to additional cards, which are assigned to persons authorized by the holder, for example, a relative or employee.
For its part, the study with a cut off period of July 31, indicates that the balance of total debt in credit cards reported by the issuing entities was ¢1,137,355,000,000 colones

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