Krasnoyarsk residents will be able to restructure all their debts through one bank

Russians who are in arrears will be able to agree on an individual debt restructuring plan with all creditors at once. The bill relating to the sphere of consumer lending has already passed the first reading in the State Duma, writes Rossiyskaya Gazeta.

The comprehensive debt settlement procedure will become mandatory for individuals with overdue consumer loans from various banks and microfinance organizations. If the amount of debt exceeds 25 thousand rubles, the lender is obliged to notify the borrower of the right to use such a mechanism.

After this, the bank will send information about the launch of the procedure to the credit history bureau, and BKI will notify other creditors. Until the settlement is completed, it will be prohibited to transfer the debt to debt collectors and file a lawsuit to collect it.

“Currently, borrowers can restructure a loan only in the bank where they received it. So, if a person has several loans from different financial institutions, then he must contact each of them to review the terms of debt repayment. Another possible option is to refinance loans, that is, take out a new loan on more favorable terms to pay off the debt on the old ones. After all, one loan is easier to manage than several with different repayment dates. If the bill on comprehensive debt settlement is adopted, the restructuring procedure will be significantly simplified for borrowers. It will be enough to contact only one of the creditors to start the procedure,” explained the regional director of PSB in Krasnoyarsk.

At the same time, he noted that restructuring helps people who find themselves in a difficult life situation to reduce the burden on their personal budget, avoid late fees and maintain a good credit history.

We would like to add that in order to launch a comprehensive debt settlement procedure, the consent of all creditors will be required. The mechanism will not be applied if a bankruptcy case has already been initiated against the borrower, an out-of-court procedure has been initiated, there is a court decision on debt collection that has entered into force, or a comprehensive settlement for the same obligations has already been carried out earlier during the year.

If finally adopted, the law will come into force 270 days after its official publication.

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