On the neck of the population began to drag the debt loop

Coronaries allows you to quickly visually highlight those weaknesses that have accumulated by the spring of 2020 the Russian economy. One of them – abnormal debt load of the population with which the country entered the era of coronavirus. According to various estimates, with loans on hand – either from banks or from micro-credit organizations – the pandemic was seen from 30 to 50 millions of Russians: in fact, every third if not every second family.

Then – a regime of isolation, which for many or already turned, or will result in a marked reduction (or even zeroing) the salaries and income. And the payments on the loans, meanwhile, has not been canceled. But the debt burden that families somehow pulled in “peace” time, in a pandemic, many were not able to do. And showed recent data of the National Bureau of credit histories. According to them, in March in comparison with February, the share of arrears of 30 days or more increased from 19.9% to 22.5%, 90 days or more – from 19.5% to 21.6%. Credit cards and car loans during the same period, the share of overdue loans also increased a little more than 1 percentage point (PP).

If the dynamics of deterioration for March 1-3 PP you are not too impressed, then you are wrong. Recall that the regime of isolation and other related constraints were included only in the last week of March. That is, in fact, the whole month delay occurred in the last 7-8 days of the month. And before that people don’t just quietly went to banks for loans, and showed just the same high demand for borrowed money. In March the issuance of cash loans have jumped by 25% in comparison with February, analysts estimated that banks approved the application for 491 billion rubles, issuing 1.45 million of new loans to individuals.

Apparently, having a lot of bitter experience of previous crises, the Russians were in a hurry to get at least the borrowed money to have some funds on life in the coming months. One problem: on loans taken in March, in April it is necessary to make payments – if you don’t want to permanently ruin their credit history can run into penalties from the Bank. And, apparently, by the end of April we will see the growth of delay is not at 1-3 p. p., and much more.

for Example, the growth of overdue debt to 10 percent expect the President of the National Association of professional collection agencies Elman Mehdiyev. Twice the dynamics of delay (20%) predicts the Chairman of the International Confederation of societies of consumers Dmitry Yanin. “Overall, nearly 60% of borrowers vulnerable. Most of them, and tens of millions of citizens, will hardly fulfil their obligations to banks,” – he said “MK”.

how, then, vacation credit? – ask a knowledgeable reader. After all, the government just passed a law to facilitate life crisis-affected borrowers, giving them a six-month break on payments. The problem is that this law was for the elect, too many conditions must coincide to the Bank went towards the man and gave those same holidays. For example, officially, its revenue must fall by 30%. But if, say, they fell “only” 25%, if you pay the debt in full. Plus loan amount for which you can ask for a deferment, limited to “top”. On consumer credits, for example, is 250 thousand rubles. But if you received a loan of 260 thousand – sorry, no exceptions you are not supposed to…

In General, according to the Central Bank on April 15, for the restructuring of the banks appealed 585 thousand individuals, the number of successful applications for the previous week rose from 14% to 44%. But even a couple hundred thousand set for the holidays loans in a country where at least a third of the population already heavily burdened with debt is just a drop in the bucket.

meanwhile, there is a simple, elegant and popular solution of the debt problem. The authorities could provide vacation credit entitlements for all, without exception, borrowers – not even for 6 months, and for the time that lasts the compulsory isolation – maybe it will be just two months. With banks during this time nothing is going to happen: authorities have taken care to inject them trillions of cash. Millions of citizens, most of whom are responsible borrowers and tidy payers – such a solution will, at least, to exhale. Instead of frantically collect melting rubles for a regular payment to the Bank, they will have a legitimate chance to use them on immediate family needs: food, medicines…

People are now, and so easy. Crime in the midst of a pandemic coronavirus tighten the neck and another noose of debt.

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