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Argentina faces rising household and business debt crisis
Argentina is facing a severe debt crisis as household and business delinquency rates rise. According to reports from the Central Bank of Argentina (BCRA) and the Center for Political Economy of Argentina (CEPA), over 92% of Argentine households are currently carrying debt.
Family credit delinquency reached 12.8% in June 2026, more than doubling from 5.2% in June 2025. A particularly sharp increase was observed in the use of virtual wallets, where delinquency jumped from 7.3% in November 2024 to 30.1% in June 2026, surpassing pandemic-era highs.
The nature of the debt is shifting; rather than financing durable goods, approximately 62.5% of credit card usage is now dedicated to essential goods like food and medicine. This structural indebtedness is compounded by high interest rates, with some digital lending platforms reportedly offering annual rates as high as 29,000%.
In the corporate sector, the irregularity coefficient stood at 3.5%. While banks have seen a reduction in the number of debtors, there is a notable migration toward non-traditional financial providers and digital wallets, which are seeing higher rates of default.
Entities
Argentina · Banco Central de la República Argentina · Centro de Economía Política Argentina · Instituto de Estadísticas y Tendencias Sociales y Económicas
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 2 SOURCES] Delinquency among families using virtual wallets rose from 7.3% in November 2024 to 30.1% in June 2026. ciudadmcy.info.ve · paralelo54online.com.ar
- [● 2 SOURCES] 92.3% of Argentine households carry some form of debt. ituzaingonoticias.com.ar · centroinformativoq.com.ar
- [DISPUTED] The delinquency rate for family credits remained at 12.8% in June. lapioneradeclorinda.com · diariorepublica.com.ar
- [○ 1 SOURCE] 88.9% of surveyed debts are unpaid or in default. ituzaingonoticias.com.ar
- [● 2 SOURCES] The irregularity coefficient for companies was 3.5%. lapioneradeclorinda.com · diariorepublica.com.ar
- [○ 1 SOURCE] Debt is becoming precarious as lenders charge extremely high interest rates. ciudadmcy.info.ve
- [● 2 SOURCES] Delinquency reached 16.4% for personal loans. lapioneradeclorinda.com · diariorepublica.com.ar
- [DISPUTED] Household delinquency more than doubled year-on-year, rising from 5.2% in June 2025 to 12.8% in June 2026. lapioneradeclorinda.com · diariorepublica.com.ar
- [● 2 SOURCES] 62.5% of credit card use is for food and medicine. ituzaingonoticias.com.ar · centroinformativoq.com.ar