18.01.2021

Security forces began to fight microloans: people do not understand that they are being robbed

The Ministry of the Interior has joined the regulation of microfinance organizations (MFIs), one of the most marginal financial sectors. The Office has made to the State Duma amendments to a number of bills. First of all, the security forces intend to join the fight against illegal creditors. It is also intended to protect the rights of debtors to collectors, and most importantly – to cancel the possibility of obtaining loans through the Internet.

The President was instructed the security department to pay more attention to the MFI segment. The head of state should have reported back to the head of state about the measures “to curb illegal actions by microfinance organizations and collectors” by May 1.

The microloan sector remains one of the most toxic in the financial sphere. The ease of obtaining a loan – the “offices” of MFIs are open almost at every corner and to get a loan, you just need to present a passport – played a cruel joke on millions of citizens. Many people were not able to calculate their ability to repay a very expensive debt (up to 1.5% per day). At the end of last year, it turned out that about 40% of borrowers are unable to repay their microloans.

And in recent years, in order to get into debt, it has become unnecessary to even go out of the house and get to the notorious “every corner”: this can be done and without rising from the couch, via the Internet. Accurate statistics, what is the share of online issuance in the total volume of loans, does not exist. But it is enough to type the corresponding request in a search engine and you will get hundreds of offers to get an “easy” loan with the approval of the application within five minutes.

To get a “sofa loan,” you just need to enter your passport data: no photocopy or scan of the identity document is required. So, theoretically, anyone can get a loan for someone else’s name who has taken possession of someone’s passport number. And leaks of personal data (not to mention the loss and theft of documents) regularly occur with us. And the debtors, which, as they say, neither sleep nor spirit, already abound. It is to this “sofa practice” that the security forces will be sent in order to slow down even completely reckless borrowers and stop possible frauds.

Debtors of microloans, recall, millions, and this army is only growing. In this regard, a separate story – about the methods of collectors, collecting debts. This is usually a threat, and it happens, and physical impact.

“The most common complaints in my practice are about ways of“ knocking out ”debts. The gangsters are engaged in the so-called collection, the threats are horrendous, and not even always to the debtors themselves – but to their children, – indicates financial ombudsman Pavel Medvedev. “Law enforcement agencies in such cases are inactive, criminal cases are not initiated, or they are immediately closed”. It remains to hope that after the adoption of legislative amendments made by the Ministry of Internal Affairs, the picture will change.

A few weeks earlier, in April, a bill was passed on first reading prohibiting the issuance of microloans against housing.

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