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The Ministry of Finance (FM) claims a "cap" of Short-term loans of 215 euros, ie, "fast credit" up to 30 days to repay in one installment will not exceed half the minimum wage currently set at 430 euros.
Similarly, FM proposes a prohibition to extend the repayment term of the short-term loan more than twice. The Consumer Rights Protection Center (CRPC) also agrees with this solution which, in practice, sees the difficulty for people to repay the loan at the same time.
"Because you have to pay the full amount right away, if you can not do it at that time, you have only one opportunity: extend these loans," concludes Baiba Vitolina, leader of the CRPC She believes that people should be able to take as much credit as possible on time.
In order to reduce the mbadive debt of the population, politicians have again undertaken to reform the Consumer finance industry Banks and non-bank lenders, called Alternative Financial Services Association, have asked politicians to provide the opportunity to exchange information on good and bad loans. as well as to determine that the information on all loans should be taken into account when providing a new loan. "With all the problems that are not resolved in a timely manner, unfortunately, the situation is in the process of d & # To emerge that, at a given moment, the only solution is to find very cardinal solutions. We hope that it is always possible to arrange consumer loans in a reasonable way, "says Sanda Liepiņa, director of the Association of Latvian Commercial Banks
[19659006] The only thing to agree – who will be the data provider? or the credit bureau established by the banks. Didzis Brūklitis, head of the Competition and Consumer Affairs Division of the Ministry of Economy, said: "We find that the Credit Information Office has much more information about debts, but also about unpaid bills.
Politicians are calling for a significant reduction and a 25% reduction in the lending rate every year, which would mean a rapid credit crunch. Although the FM created by the working group does not support such a scenario, since it would then be possible to "flourish" illegally, while the debate on reducing rates will be. "We are in favor of a significant reduction in rates, which can be compared to rates applied in neighboring countries.We see that Estonia still has an average rate lower than that of Latvia," he said. Dana Reizniece-Ozola (ZZS), Minister of Finance at the LNT Morning News Service for 900 seconds. Meanwhile, the industry is critical because, after limiting past rates, small loans have disappeared from the market for a few days.
Available data from the Association of Commercial Banks show that the number of outstanding debtors exceeds 170,000 euros. ] Recommend this article to others!
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