Mexico’s Rising Debt Levels Spark Concern at CONDUSEF

The rapid expansion of credit in Mexico, fueled by digital platforms and new financing models, is increasing the risk of overindebtedness among consumers, according to Oscar Rosado Jiménez, President of the National Commission for the Protection and Defense of Users of Financial Services (CONDUSEF).^[1]

Growing Credit Access and Rising Debt

During the presentation of the study “Debts of Mexicans: Reasons, Solutions and Challenges,” conducted by Bravo, Rosado highlighted a significant increase in credit access in recent years, including the proliferation of “open” financing options.^[1] The study points to a shift in the lending landscape driven by the internet and smartphone usage, enabling institutions to assess credit risk even without established client relationships.

This model, commonly known as digital credit, is utilized by fintech companies, technology platforms, and some traditional financial institutions. Rosado emphasized that the core issue isn’t specific brands but the evolving nature of credit operations globally.^[1]

Increase in Credit Card Contracts and Overdue Loans

The number of credit card contracts in Mexico has doubled from 7 million in 2022 to 14.2 million in 2025, according to data presented during the event.^[1] While the banking system’s delinquency rate remains relatively stable, hovering around 3.6% to 3.7%, the total amount of overdue loans has risen.

Between September 2024 and September 2025, unpaid loans increased from 46 billion pesos to 51.9 billion pesos, representing a nearly 12% rise.^[1]

Consumer Financial Habits and Challenges

Bravo’s study revealed that 52% of respondents obtained their first credit through a card, but often treat it as an extension of their income rather than a temporary financing tool.^[1] 52% of individuals struggle to cover their debts and daily expenses with their current income, while an additional 25% frequently lack sufficient funds for these obligations.

Diego Paillés, Bravo’s country manager, noted that these findings suggest financial difficulties often predate credit card acquisition. He stressed the importance of understanding the motivations and behaviors of Mexican debtors to identify barriers and promote financial well-being, ultimately strengthening the national economy.^[1]

The Importance of Financial Education

Javier Salmerón, co-country manager at Bravo, underscored the need to bolster financial education and preparedness, enabling individuals to navigate unforeseen events and build a more secure economic foundation.^[1] He emphasized that while progress has been made in financial education, it must be guided, consistent, and effective, calling for collaboration between authorities, the financial sector, and civil society.

About CONDUSEF and Oscar Rosado Jiménez

CONDUSEF, led by Oscar Rosado Jiménez, is the National Commission for the Protection and Defense of Users of Financial Services in Mexico.^[1] Rosado Jiménez holds a degree in Administration from Universidad La Salle in Mexico City and has held various positions in the public and private sectors, including roles as a municipal treasurer, secretary of the municipal council, and director of administration and finance.^[1] He can be contacted at presidencia@condusef.gob.mx or by phone at 55 53 400 999.^[1]

Disclaimer: This article is based on information available as of March 13, 2026, and utilizes the provided source material and verified web search results.