Collector told how to reduce debt by 50%

According to Jan Art, collectors can achieve more favorable terms of debt repayment
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Russians can write off about 50% of the loan debt if the bank sells the outstanding loan to a collection agency. This was stated by a member of the board of directors of the National Association of Professional Collection Agencies (NAPCA) Jan Art. According to him, if we establish a dialogue with debt collectors, we can achieve more favorable conditions.

“If a person’s debt is no longer in the bank, but in the collector, then, oddly enough, there are more opportunities to write off this debt. Collectors are more willing to negotiate with the debtor than the bank. The point is not that the bank is angrier, but that the bank is limited by the rules of the financial regulator. The collector is not limited by them, so he can offer debt write-offs, restructuring or credit vacations in excess of the general rules, ”Arta told Sputnik radio.

According to him, collectors do it out of pragmatism. “The debt discount can be 50%, and sometimes more. The fact is that collectors buy debt from the bank for pennies. That is why, if the debtor is ready to pay at least half at once for writing off the entire debt, the collector will go to such an agreement with great pleasure, “he concluded.

The State Duma has previously asked the government to create a separate preferential mortgage for secondary housing. Deputies also proposed to issue a preferential mortgage on new buildings at 5%, writes RT. Russian Deputy Prime Minister Marat Husnullin noted that, despite the general rise in interest rates, Russia has not reduced any preferential mortgage program, according to TV channel 360.

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Russians can write off about 50% of the loan debt if the bank sells the outstanding loan to a collection agency. This was stated by a member of the board of directors of the National Association of Professional Collection Agencies (NAPCA) Jan Art. According to him, if we establish a dialogue with debt collectors, we can achieve more favorable conditions. “If a person’s debt is no longer in the bank, but in the collector, then, oddly enough, there are more opportunities to write off this debt. Collectors are more willing to negotiate with the debtor than the bank. The point is not that the bank is angrier, but that the bank is limited by the rules of the financial regulator. The collector is not limited by them, so he can offer debt write-offs, restructuring or credit vacations in excess of the general rules, ”Arta told Sputnik radio. According to him, collectors do it out of pragmatism. “The debt discount can be 50%, and sometimes more. The fact is that collectors buy debt from the bank for pennies. That is why, if the debtor is ready to pay at least half at once for writing off the entire debt, the collector will go to such an agreement with great pleasure, “he concluded. The State Duma has previously asked the government to create a separate preferential mortgage for secondary housing. Deputies also proposed to issue a preferential mortgage on new buildings at 5%, writes RT. Russian Deputy Prime Minister Marat Husnullin noted that, despite the general rise in interest rates, Russia has not reduced any preferential mortgage program, according to TV channel 360.

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