Payments for the children of the family decided to spend on the Essentials – pay loans. In one of the most popular payment services I noticed that on the date of transfer of benefits have peaks of repayment of microloans. In the period of strict restrictions in April and may with repayment of debt was to pay debts was not what. Hunger creditors quenched their children’s payments. In autumn the Russians are waiting for new money issues: end the moratorium on bankruptcy of companies and income could lose thousands of people.
the Fact that social assistance from the state take lenders – not news. In June, Bank customers have complained that aid from the state has disappeared from the account in repayment of debt. In General it is prohibited by law, neither the bailiffs nor the credit institution cannot encroach on social benefits, pensions and child support. However, there were many complaints. “Payment of child support deducted over a minute after receipt,” wrote one client in social networks. “They took my kids money for food”, – was indignant the other. Banks then called with a cancellation misunderstanding and mistake.
However, the Russians understand that the debts need to pay. Lenders, they carried their child benefits. This was revealed when analysts payment service CloudPayments analyzed the momentum 133 microfinance institutions who work with clients remotely. It turned out that during isolation the amount of repayments online loans sharply decreased, and in the second week of June has risen sharply. It was then that the family began to receive the first presidential payments. The second wave of baby tranches came at the beginning of July – then again recorded improvement in the collection of debts. Lenders went as 10 thousandths benefits for children from 3 to 16 years, as well as the payment of 5 thousand rubles for children up to three years.
“In the period of isolation, many citizens turned to MFIs because of lost revenue and want to eat. In conventional banks to get a loan has become more difficult: to impoverished people there are not so loyal as in microfiance organizations. First, the army of unemployed reached for the microloans, and getting help from the state, rushed to repay their debts,” explains financial Advisor Alexey Rodin.
People often pay the debt to the pay day, pensions, and now after receiving state allowances, the Chairman of the Council of NP SRO “Mikrofinansirovaniya and development” Elman Mehdiyev. “Getting a loan has become more difficult than before coronaries as tightened requirements for the issuance of loans. But dramatically changing models of disbursements and tightening credit scoring (the rating of the borrower) during the period of the pandemic, microfinance improved payment discipline from new borrowers, but the old have deliberately to work,” he said.
However, those who do not ��opal in the credit bondage, also in no hurry to spend the Putin benefits by appointment. “Helicopter” money was supposed to support not only families but also the economy – by increasing demand. But neither that, nor another has not occurred. According to the Central Bank, in July, a third of Russians said about the deteriorating financial situation, and the revival of economic activity is observed only in the retail trade. It turns out that people refuse to spend their savings.
“That’s right, – says Alexey Rodin – In the whole country very low level of financial literacy. People do not plan in advance the budget are not used to think about the risks, create reserve funds. The pandemic has taught them to do it. Financial cushion will come in handy in the fall when we are waiting for the second wave of the economic crisis. The moratorium on bankruptcy of legal entities will end and, in my estimation, will go bankrupt a third of companies. Their staff is divided into two parts: someone will deliver savings, and someone will again go for microcredit”.
