You should not hope for a clean credit history after bankruptcy – a record declaring the debtor bankrupt will be reflected in it for seven years, said Mikhail Sergeichik, head of the NIFI project of the Russian Ministry of Finance “Moifinance.rf”. his words potential customers Financial Post.
“It is important that after bankruptcy the former debtor makes efforts to improve his financial biography: he has a regular income, the formation of savings and other factors that will allow him to start all over again will be a plus,” Sergeichik emphasized.
The economist also urged Russians to be especially careful with assistants in bankruptcy procedures. Promises of guaranteed debt cancellation and quick results should immediately raise red flags, the expert warned.
According to third quarter results, Russians’ “credit awareness” fallen It fell to the lowest level since the pandemic. Borrowers began to default more frequently.
The Russians had decided before. to deprive Last chance for cheap loan.
What are you thinking?
Source: Gazeta
Ben Stock is a business analyst and writer for “Social Bites”. He offers insightful articles on the latest business news and developments, providing readers with a comprehensive understanding of the business world.