In debt as in silks: the Central Bank will undertake indebted Russians

© Fotolia / ptnphotofКредитная debtIn debt as in silks: the Central Bank will undertake indebted Russians© Fotolia / ptnphotof

MOSCOW, may 29 — RIA Novosti, Natalia Dembinski. The Russians soon will not be able to gain an infinite amount of credits, not being able to pay them, and banks, with his hand to issue new loans to those who have already managed to acquire a debt in other credit institutions. The Central Bank proposes to create a unified database, which will reflect the total debt of each Russian borrowers. Thus, the full credit history of the borrower will be available to banks and microfinance institutions (MFIs). A proposal on amendments to the law «On credit histories» the regulator intends to submit to the state Duma.

I collect the crumbs

As explained in the CBA, the issue has matured after numerous complaints of Russian banks and MFIs for the worst debtors. Now they collect data on borrowers from disparate sources and often do not have full information.

According to first Deputy Chairman of the Central Bank Ksenia yudayeva, the debt burden on the borrower is now going to 16 credit bureaus that exist in our country.»

In the industry admit that companies that provide banks such services are many, the main players in this field — the National Bureau of credit histories (NBCH) and «United credit Bureau». To get a full picture of the Bank need to cooperate with several Bureau, for many lenders it is expensive.

Elena Dokuchaeva, President of the collection Agency «Sequoia Credit consolidation», notes: such a combination is a normal international practice, eliminating the market players of the need to consult various resources for information.

Protection illiterate

A unified database of credit histories – benefit to borrowers – primarily for those who take the credit for a loan, increasing the debt snowball. The idea is that the new assessment system should put a barrier between the financial institutions and unreliable customers.

According to the estimates of nbki, the first half of 2017, the debt load of the Russian borrowers increased by 2.5 percentage points, the highest growth rate was observed in the segment of borrowers with the lowest incomes — up to 20 000 rubles.

The highest rate of growth of debt burden show the representatives of the poorest sectors of the population who are increasingly difficult to service their credit obligations, stated the General Director nbki Alexander Vikulin.

Fight fire with fire

However, there is another side to borrowers caught in a difficult situation with the existing loans will be much harder to refinance. Perekreditovka in another Bank — a popular way for many to deal with old loans.

According to estimates of the Bureau, in 2016 more than half of all borrowers take new loans for partial or full repayment of existing debt obligations.

While 27% of them were sent to the repayment of old debt, more than half of the amount of the new loan.

Market players warn that refinancing is not an absolute good. And it has sense only if the new loan is taken at lower interest rates and for a longer period — in this case, the debt load is reduced.

The Bank often does not know what the loan is taken for repayment of old loan, and accordingly does not take into account the situation of a borrower and can give him the same debt burden per month, which he has failed.© Fotolia / JackFРабота collection AgencyIn debt as in silks: the Central Bank will undertake indebted Russians© Fotolia / JackFРабота collection Agency

The nuances of perekreditovki

«Perekreditovka exempt from increased interest rates that is paid to the maintenance-free the loan, but it must be done so delicately that subsequently the borrower was able to service a new loan with a new interest», — the expert explains «the Sequoia». Otherwise, one problem begets another – perekreditatsii, the borrower only worsens the situation.In debt as in silks: the Central Bank will undertake indebted Russians© RIA Novosti, Infografiken regions on the share of overdue loans of the population

It happens so that borrowers are applying for the perekreditovka to several banks, and then happily take all the money «from several banks,» appearing in a result in debt.

A wave of bankruptcies?

Some experts do not exclude that the lack of perekreditovki, which would seriously impede the uniform base of credit stories, could trigger a wave of bankruptcies of the debtors. Others point out that completely remove risks to the financial system in any case will not be able to obtain second and third loans the Russians the old-fashioned way will be to involve their relatives.© Fotolia / sakkmesterkeБизнесвумен builds a tower of coinsIn debt as in silks: the Central Bank will undertake indebted Russians© Fotolia / sakkmesterkeБизнесвумен builds a tower of coins

Financial authorities, however, consider other options by which borrowers will be able to make as transparent as possible. One of these tools — the value of the PTI (payment-to-income) based on the ratio of monthly debt burden, debt of the borrower and its revenues.

For example, if the monthly income of the borrower — 40 000 rubles, and the mortgage payment on 20 000, his PTI will be equal to 50%.

To apply this criterion to assess the solvency of the issuance of new loans, the Central Bank recommended to the national Council FINANSOVOGO market. In NSFR believe that the use of PTI there is a sense in issuing loans in the amount of 100 thousand rubles for a term of years. It is proposed to set a limit on the value of the measure PTI for the borrower — not more than 70% of the monthly income for the past six months.