The number of people who could not pay their loan debts in Russia exceeded 21 million people in January-February 2023; This figure is 22% more than the same period last year. The newspaper reported this “News” Referring to the Federal Enforcement Service (FSSP).
During this period, 21.1 million enforcement proceedings were carried out regarding the collection of debts from citizens in favor of banks. At the same time, as of the end of September, the total amount of debt of individuals reached 2.9 trillion rubles.
As representatives of the FSSP note, experts say it is quite difficult to ensure that Russians repay loan debts. Mandatory debt collection is complicated by several factors at once – people’s low solvency, debt burden and the need to pay for utilities.
According to information received from the Central Bank of the Russian Federation, 47 million citizens had loans in the first half of this year. Since 2022, this figure has increased by 2 million.
“If we talk about the stages of enforcement proceedings, here we can see a growth trend in volumes comparable to the FSSP data,” emphasized Denis Kuznetsov, director of Sberbank’s Retail Collection and Settlement department.
On the other hand, Alexander Saraev, Deputy Director of Rating Activities of the Expert RA Agency, cited the increase in prices of goods and services as one of the reasons for the increase in the number of debtors. According to him, food prices are increasing faster than the increase in residents’ wages.
The expert also highlighted the consequences of increasing the key rate in the country to 15 percent. Saraev explained that in this context, there is a general increase in credit costs.
Russians before warned About the risk of accumulating debt even on an unused credit card.