Debtors in Russia began to more often turn to collectors for help with a request to buy back their loans in order to pay only one company. Writes about this RBK with reference to the data of the National Association of Professional Collection Agencies (NAPKA).
If earlier the share of such clients was 0.5 percent, then by October it grew six times (up to three percent). About 85 percent of those who want to pool their debts have debts to microfinance organizations (MFIs), 5 percent – only to banks, another 10 percent owe both. About 62 percent owe creditors up to 100 thousand rubles, almost a third – up to 500 thousand rubles.
About 90 percent of clients who asked collectors to pool their debts had previously tried to refinance them, but were refused due to delays. Amid the pandemic, it is increasingly difficult for borrowers to service their obligations. Consolidation of debts is beneficial because it allows you to make a single payment on several loans at once, it is easier for clients to plan their budget, and it also saves them from calling multiple lenders.
However, the collectors themselves consider individual buyout unprofitable, so the market is discussing the format of exchanging small portfolios of debt between collection agencies.
As of early September, the Russians gained 19.6 trillion credits rubles. This is 2.2 trillion more than in the same period last year.