Zurich, September 18, 2020
Slight decline in the rate of defaulting debtors in Switzerland
CRIF AG has, once again, calculated the CRIF rate of defaulting debtors in Switzerland. Despite the coronavirus crisis, the rate of defaulting debtors has fallen slightly (from 6.54% to 6.48%) compared to last year. On the other hand, the actual number of defaulting debtors has risen to 561,461.
CRIF rate of defaulting debtors
The CRIF rate of defaulting debtors is calculated on the basis of all those private individuals who are involved in debt enforcement proceedings following requests for continuation of enforcement demands, bankruptcies and loss certificates. In addition, CRIF also consolidates and includes the payment records of over 10,000 businesses across the whole of Switzerland. This survey was carried out on 31st August 2020.
Slight decline in the rate of defaulting debtors
The current CRIF rate of defaulting debtors amounts to 6.48% of all private individuals in Switzerland, which is slightly lower than the 6.54% recorded in August 2019. The actual number of defaulting debtors in Switzerland has risen again, from 560,857 in 2019 to its current value of 561,461. This is due to the growth in Switzerland’s population.
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