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Argentina debt crunch deepens amid record delinquency

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2026-07-28 22:26 UTC → 2026-07-28 22:26 UTC · added removed

Argentina debt crisis deepens, new refinancing plan crunch deepens amid record delinquency

By late July 2026 the Argentine household‑debt crunch has crisis intensified further. A CEPA report confirmed that data released on 26 July showed private‑sector loan delinquency hit reaching a historic 7.6 % in May, marking the 19th consecutive month with 5.8 million of increase. Bank delinquency rose from 2.5 % in October 2024 to 12.3 % in May 2026, while fintech and e‑wallet defaults remained near 30 %. Of the 20.9 million registered debtors, 5.8 million are debtors in arrears; nearly four‑in‑ten arrears. Young adults aged 18‑34 are delinquent, with a were hardest hit – delinquency hit 40.9 % rate among those under 24. The Cuyo, Northwest (NOA) Cuyo and La Rioja Northwest regions lead the rankings, and the crisis is attributed chiefly continued to an 18‑19 % fall in real wages. In response, state bank lead, with La Rioja, San Luis and Catamarca posting delinquency above 20 %. On 28 July Banco Nación launched announced a 10‑year refinancing scheme that lets over‑indebted households consolidate credit‑card and personal‑loan balances for households, allowing consolidation of overdue credit into a single loan payment of up to ARS 100 million pesos payable over ten years, aiming to avoid judicial enforcement million, offered at fixed or UVA‑linked rates and improve credit scores. Simultaneously, provincial automatically cancelling existing credit‑card and personal‑loan obligations. In Santa Fe, deputy Gisel Mahmud (PS‑Unidos) is pushing legislation for pushed a bill to create an Extrajudicial Debt Sanitation Service in Santa Fe, coupling debt negotiation with mandatory financial‑education measures to bundle all family debts and tighter lending rules. These measures complement the earlier “Programa de Desendeudamiento” under discussion in Congress. strengthen consumer‑education.

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  1. 2026-07-28 22:26 UTC Argentina debt crunch deepens amid record delinquency
  2. 2026-07-28 22:26 UTC Argentina debt crisis deepens, new refinancing plan
  3. 2026-07-26 13:07 UTC Argentina debt crunch deepens amid record delinquency

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