the position of the Russian borrowers is becoming more desperate: vacation credit they do not save. In April alone, the proportion of debtors who, due to financial difficulties, refuse to pay the loans, increased by 10 percentage points to 60%. This harsh statistics results of the national Association of professional collection agencies (NAPCA). And the problem is not so much the tending to zero of solvency of the population. People either do not believe in the announced government measures to support or trying to take advantage of them, face significant obstacles.

Today, about 28 million people (40% of the economically active population) have one or more unsecured loans. They on the background of the events of the pandemic were in the risk group first, said the “MK” the President of NAPCA Elman Mehdiyev. However, if support from the government will give effect, then the number left on overdue debtors will not exceed 5.7 million vs. 5.2 million at the moment. But while the forecast looks over-optimistic.

a Year ago, borrowers, citing financial difficulties, explained their lower incomes (30% of cases), inability to cope with the credit load (20%), job loss (18%), lack of available funds due to rising prices (17%), family reasons (5%), unplanned purchases (10%). And now on the reduced income stated 40% of respondents, and the loss of work – 30%. According to Mehdiyev, while NAPCA has not recorded a surge in complaints about credit vacation. But if the regime of self-isolation will last for another 1.5-2 months, the number of such cases may be 20% of the total amount of debtors.

Because citizens are skeptical about the restrictions imposed by the authorities and don’t follow them, the devastating effects of the pandemic on the economy is increasingly stretched in time, said the Director of the SRO “Microfinance and Development” Elena Stratieva. In her estimation, the law on credit vacation slack in the air: we need mechanisms that allow citizens to exercise their rights in accordance with this document. Such an effective tool, for example, could be the appearance on the portal of public Services of the service – “Apply for vacation credit”. It would greatly speed up the process of consideration of appeals.

the Burden of vacation credit lies with the banks, which, of course, are not willing to cut their income, says financial analyst FxPro Alexander Kuptsikevich. As it turned out, to get relief is extremely difficult. If the delay exceeds 30 days, the loan (unlike the 90-day period) is not considered problematic, and the conversation was over. Now banks are trying to hold the money and more to issue new loans, and old – refinance at a lower rate. It is profitable simply to build up reserves for defaults on consumer loans, hoping that the paying customers will soon improve.

People are pushing the terms of the deferral, said the head of analytical Department AMarkets Artem Deev. So, the borrower must prove that they are infected with coronavirus, or that its revenues decreased by more than 30%. To collect the necessary documents are not just. It is obvious that the increase in the number

insolvent borrowers is associated with accelerated decline in real income. In the future, this situation may result in massive defaults, bankruptcies of natural persons, the problems with liquidity in the banking system. Because of the complexity of financial institutions has already begun, they turned to the Central Bank for subsidies to maintain liquidity.

vacation Credit is not a panacea, the Director of the office of sales “BCS” Vyacheslav Abramov. If a person lost a job, chances to find a new for two-three month short, especially in times of crisis. And how will he pay the Bank, even later? Besides, the government announced the program “holidays” has its own nuances and limitations. According to the expert, we should talk about the freezing of the credit agreements. It would be logical to provide borrowers a reprieve for at least six months on loan payments, and the accrued interest, fines and penalties. The procedure itself need to simplify, to do remote. To citizens didn’t have out of desperation to apply to microfinance organizations and put yourself into new debt.