The time bomb of household debt is about to explode. According to private estimates, loan arrears reached an alarming 12.7% in May, the highest level in years. Faced with this situation, the government and major financial institutions were forced to sit down and negotiate a rescue plan for families who can no longer pay their debts.
Economy Minister Luis Caputo was the one to face the public. During the presentation of the 2026-2027 financial program, the official said banks are offering refinancing with longer terms and lower rates for customers with payment difficulties. «We have spoken with the banks to understand how they would approach this issue, and the response is quite optimistic,» Caputo said, revealing that some entities have already confirmed they are refinancing at an annual rate of 25% and with longer terms.
The minister tried to justify the credit crisis as an expected phenomenon following the strong credit expansion and high interest rates last year, in a context where banks returned to lending to the private sector instead of the Treasury and the Central Bank. However, for families who can no longer make ends meet, technical explanations are not enough.
From the Association of Argentine Banks (Adeba), its president, Javier Bolzico, stressed that entities have been approaching customers with payment difficulties to find solutions according to each case’s particular situation. But the reality is that Argentines are drowning in debt and need an urgent solution.
Banco Nación, the largest bank in the country, has already stepped up with a new debt consolidation line. It is aimed at customers who receive or transfer their income to the entity, and will allow them to unify obligations held with different financial institutions into a single loan, provided they are not in litigation. Financing will be up to 100 million pesos, with terms of up to 10 years under the UVA modality, and will be available from Wednesday, July 8.
In the City of Buenos Aires, the city government enacted on June 30 the family debt relief law, aimed at people with arrears between 60 and 180 days. It offers payment plans with a minimum term of 24 months and a maximum rate of 35% per year. Meanwhile, Banco Provincia launched the «Get up to date» program, which reduces rates and extends refinancing terms up to 72 months depending on the customer’s profile.
A report by consulting firm EcoGo reveals that in May, refinancing represented 24.84% of total loans in arrears, compared to 20.32% recorded in October 2025. In the personal segment, payment plans reached 26.07% of loans in irregular status, equivalent to 3.16% of total credit granted to families. In companies, refinancing represented 19.13% of loans in arrears.
Meanwhile, the government and banks try to show a united front to prevent the credit crisis from spiraling out of control. But the question everyone is asking is: will these measures be enough to calm the millions of Argentines on the brink of family default?
Para mí esto es un choreo de los zurdos! 12,7% de mora y ya lloran? Los bancos y Caputo regalando plata a los vagos q no saben administrarse. Tasas del 25%? Un robo a mano armada! Yo creo q se tienen q joder y laburar, viva la libertad carajo! Firmado: El Tano M.
Para mí esto huele a cuento del orto. Caputo y los bancos se hacen los santos con su 25% anual, pero es pura usura disfrazada de salvataje. El pueblo no necesita más deuda, necesita salarios dignos y controles de precios. ¡Viva la lucha obrera carajo!