The Central Bank of the Russian Federation will advise banks, microfinance institutions and collectors on: lien sync debts of individuals owed to several creditors, the writer red blood cell on Saturday, April 22.
“The Bank of Russia is interested in market participants entering into brokered inter-creditor agreements that provide a unified approach to the recovery or restructuring of debts of a common client,” said Alexei Chirkov, head of the Central Bank’s consumer protection regulatory department. financial services accessibility service.
According to the Bureau of Credit Histories, 35% of Russian borrowers fall under the category of those who have two or more loans at different banks at the same time.
As experts note, creditors in such situations begin to compete – someone rushes to collect the debt through the courts, and someone is ready to negotiate and provide restructuring.
As stated by the Central Bank, with a temporary decrease in income, the consumer loan may be delayed while the borrower tries to pay off the mortgage until the end.
“And we’ve even had situations where a consumer lender sues, then tries to file for bankruptcy, and the second lender never knew about it because he took the money for the mortgage and thought everything was fine.” Chirkov gave an example.
“The Ugly Legacy of the 1990s”
Remember, in the State Duma of April 20 made a bill on the right of a citizen to establish a ban on granting loans. The authors of the document explained that the aim is to “prevent fraudulent credit taking by third parties” through the illegal use of personal data and social engineering methods.
If the law is passed, a citizen can apply to the credit bureau with a request to establish a ban on issuing loans.
In early February 2023, the newspaper’s head of LDPR, Leonid Slutsky, proposed banning collection activities in Russia, describing debt collectors as “an ugly legacy of the 1990s”. vedomosti.
In turn, the head of the Russian Banks Association, Garegin Tosunyan, warned of the ban on working in Russia for collectors. will lead cause an increase in credit costs.
According to him, banks risk non-repayment by borrowers will involve higher interest rates on loans.
Tosunyan stated that if collection activities are not carried out or are prohibited, this will negatively affect all other market participants.
“This is the most important element of the business of market participants when collection activities are conducted in a civilized manner. It is a sum of obligations. This should be done professionally for clients who do not fulfill their obligations.”
How much “free money” do Russians have?
Against this background, Russians had less “free money” in early spring, according to a study by the holding. “Romir”.
According to him, in March 2023, the amount of “free money” among Russians decreased to 20% (the share of funds remaining in the household after purchasing food, consumer goods, paying for housing and communal services, transport and other services) .
“At the same time, last week the average expenditure of Russians increased by 6 percent to 6,678 rubles. In annual dynamics, the index grew by 24%.
The average check index (total of a purchase made in a store) increased by 3% and reached 706 rubles. Compared to the same period last year, this indicator turned out to be 6% higher.