Associate Professor of the Department of Global Financial Markets and Fintech at the Russian University of Economics said that refinancing a loan in Russia has become more difficult due to new requirements of banks. GV Plekhanova Tatyana Belyanchikova. His words lead the way “Hit the primer”.
The financier explained that the fact is that many credit institutions have begun to take into account the possibility of bankruptcy when assessing the honesty of borrowers. He stated that this started after the country simplified the procedure for citizens to declare bankruptcy out of court in November 2023.
“The loan refinancing market must now tighten. Citizens will be afraid of ruining their credit history due to the high probability of rejection by new lenders,” Belyanchikova is sure.
Before that Russians said, how to get out of loans and get out of the debt hole. The first step is to stop taking out new loans to avoid sinking further into the debt hole.
Previously recognizedHow to benefit from the loan.