the Debt load of Russians on April 1, reached a historic high at 10.9% of revenues reported in the financial stability review, Bank of Russia, published on 28 may. While 23% of Russians have loans, pay on their repayments for more than 80% of income. This vacation credit subject to the debts of the Russians in the 7 trillion rubles.
what does this say these numbers and how to behave to those who have taken out a loan or just going to do it, “MK” asked the financial expert.
– the Economy will not recover quickly, – says Dr. Igor Nikolaev. – The economic situation is directly dependent on epidemiology, and it is in the higher uncertainty. Even if there is a notorious second wave, everything will recover very slowly.
Accordingly, with income and credit load situation will also remain difficult. The measures of support, which went to power, frugal enough of them can be identified unless a one-time child benefits. Large-scale support of the population, the government did not matter.
the Debt burden will remain high, and may still grow. Not very much considering the removal of restrictions. But, nevertheless, improve the situation, to wait before.
I Can advise in this period, not shy away from any opportunity to earn. If the pandemic no one would bother for a thousand or two, but now everything has changed. Remember, if the situation is even worse, and such opportunities will not.
If you have debtors, try to get them with the debts without delay. If you are responsible and have the opportunity to give, it is better to give now. Since then it can be even more difficult.
– the Numbers are alarming for banks and their customers – believes the expert of the Russian Institute for strategic studies (RISS), doctor of economic Sciences Mikhail Belyaev. – These figures imply a huge burden and problem for the banking system. The Central Bank, as regulator, we must now think how he will get out of this situation. Bank should have a plan of action for the future, when the labour market will recover. And recovery activities need to start now.
Concerned not so much with 10.9% of revenues (this figure is based on a community of Russians who have taken loans, and some of them are wealthy, with enough money to live and to fulfil their obligations, including credit). Really worried about 23%, giving for repayment of loans more than 80% of their income. That is, these people are poor, and so their income is not high, and, giving 80% on the loan, do not understand what they live.
I guess, as the loans are in the hands of those who barely make ends meet. Many people go to the falsification of their own ��Ahadov, just to obtain loan and solve your immediate financial issue.
the Amount of 7 trillion rubles under a vacation credit is debts the very category of borrowers who takes out a loan thoughtlessly. They are so little, and now their employment is in jeopardy due to the reduction of the economy. Many of them delayed a reckoning with the Bank and instead plan your meager income, he started perekreditovyvatsya, each time to increasingly poor conditions. It ultimately drove them to credit a dead end. Now to save them can only state interventions welfare or the decision of banks to assume part of the losses.
on the Basis of the financial literacy lesson, which gave us the pandemic, before taking a loan, you need to soberly assess their capabilities on its service. To take out a loan only when you know what your income is stable enough and will remain so for the entire period of the loan agreement.
Those who have already taken out a loan, you should think about planning their income. It makes sense to push not mandatory spending on the second plan, to meet its credit obligations towards the Bank.
Extreme legal way out of the credit loop personal bankruptcy. This is a fairly complicated legal procedure, but now it is simplified. Although still quite expensive, and these, 23% did not one extra ruble is not. However, especially fear it not: for the average person, its results for any particular disqualification does not occur. In the case of personal bankruptcy by court decision, the debtor’s property to be sold at auction to repay debt and the remainder written off. There is a list of so-called “bankruptcy estate” – the property subject to implementation. Only housing is not withdrawn, unless the mortgage, as the mortgage – the property of the Bank. Having credit history personal bankruptcy, you can’t take out a loan without notifying the Bank and hold senior positions in the financial sector. But the average borrower such things generally do not bother much.
