Delinquency rates among Argentine households rose for the 19th consecutive month in May, reaching nearly 13% of total household credit. At non-financial institutions like fintech companies and digital wallets, that figure exceeds 32% — a record high in both cases.
The data comes from a report based on official data by consulting firm 1816, which calculated that household delinquency rose from 12.1% in April to 12.7% in May. By way of comparison, only 2.5% of household loans were in default at the end of 2024.
“The figure increased more than fivefold in just 19 months, something unprecedented since the end of the convertibility regime,” the report said, referencing the period between 1991 and 2002 when there was a fixed exchange rate between the Argentine peso and the U.S. dollar.
The loan categories most affected from late 2024 to date are personal loans and credit cards, due to the worsening of credit conditions during the 2025 election period and stagnant wages, which remain below the levels seen before President Javier Milei took office.
The official figure for non-financial institutions was 32.2%, up from less than 10% a year and a half ago
