TASS tells how often lenders forgive debts to borrowers, how the collection of funds takes place, who is protected by the court and how the lives of people who refuse to answer for their obligations change
The total debts of Russians to banks in 2017 reached 12.2 trillion rubles, according to data from the United Credit Bureau. Debts to microfinance organizations (MFOs) amounted to 15 billion rubles.
At the same time, creditors transferred impressive amounts of overdue payments to collectors: MFOs sold a portfolio of 12 billion rubles to debt collection agencies, and banks – 360 billion rubles. As a rule, these are debts that the creditor was unable to collect for many months, or even years. Business Debt relief is a service that can help borrowers to deal with their due debts using legal assistance.
How Lenders Operate?
The scheme of debt collection from borrowers from MFOs and banks is about the same: first, the creditor tries to agree on payments with the debtor, then the collection service, then the dispute is brought to court, and the bailiffs help the creditor to get money from the debtor at the expense of his property or income.
To Whom Banks Will No Longer Give Consumer Loans
If a person has a debt to an MFO (as a rule, this is a small – up to 30 thousand rubles – a payday loan at a high interest rate, for example, at 1.5% per day), then the lender himself will try to negotiate with him first. “Due to the small size of the loan for MFOs, pre-trial collection is a priority,” said Danil Sherstobitov, executive director of the Robot Seimer online loan service, to TASS. usually helps to reach an agreement. ” Most debtors understand that the cost of settling a dispute in court will be serious.
If a person does not pay on a bank loan, then the bank starts working with him from the first day of the delay, the press service of Sberbank told TASS. First, the borrower is reminded of the payment and, within seven days, is notified of the debt, as required by the consumer credit law.
For the next six months, the bank will try to negotiate with the client through its own debt collection service, or will transfer this function to an external collection company. They will convince the borrower not to bring the case to court, Sergey Kapustin, Deputy Chairman of the Board of OTP Bank, explained to TASS the procedure for working with debtors. If a person has a temporary deterioration in financial situation, he may be offered a restructuring program, he added.
Transfer of delinquencies to collectors is a standard tool for the work of not only MFIs, but also banks. Basically, banks transfer debts to collectors 30 days after the start of the delay. In the next month, the bank must notify the client about the sale of his debt.
If it was not possible to agree on the repayment of the debt, then the creditor – a bank or an agency – goes to court. If you wish to read about shadow blade 5, please click this. This happens, as a rule, within 6-12 months after the start of the delay, Kapustin noted. “By a court decision, the amount of debt can be written off from salaries, and the property can be put up for auction,” he said.