Before applying for a loan, you should objectively assess your financial capabilities and potential risks, according to Alexander Khaminsky, head of the Law Enforcement Center for Moscow and the region.
Author:
https://rb.ru/author/ntihonov/
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He noted that Russians believe the advertising tactics of banks and microfinance organizations (MFIs), take money without thinking, and when the payment deadline comes, they start looking for ways out of the situation: they invent excuses to postpone payment. This, in turn, threatens bankruptcy.
If the amount of overdue debt increases above 500 thousand rubles, the creditor can begin to “bankrupt” the debtor and then sell his property under the hammer. Sometimes it is possible to declare a citizen bankrupt even with a minor debt.
The lawyer added that if a citizen has a debt of more than 3.5 million rubles, the creditor can hold him criminally liable. The penalty under this article provides for a fine of 200,000 rubles or two years in prison.
“The punishment will be much more severe if law enforcement proves that the borrower initially had no intention of repaying the loan and simply decided to appropriate the borrowed money,” Khaminsky says, adding that it could also be a case of fraud in the credit industry.
Earlier, RB.RU wrote that 20% of Russian residents were able to justify their failure to repay loans to banks, but more than 70% of Russians believe that it is necessary to pay off debts.
Author:
Nikolai Tikhonov
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
