When a user does not pay his credit card on time, the bank can collect from his salary account. Financial entities activate this mechanism if it has been established in the contract signed by both parties, explains the economist Enrique Diazalthough for some users this clause goes unnoticed.
For this reason, Congresswoman Norma Yarrow (Avanza País) has presented a bill (4939) to put a limit on these charges. It seeks to incorporate article 87-A to Law 29571 of the Consumer Protection and Defense Code, so that it indicates that compensation proceeds only when the user’s remuneration exceeds S / 2,475 (5 URP), but only up to a third . That is, if a person earns S/2,500, the bank can discount up to S/833.
Diaz points out that it is a viable measure, but it ends up being pernicious. “What the norm is doing is generating, for some cases, a perverse sense, because He is telling people ‘just borrow money, because in the long run they won’t be able to charge you more certain limits’”. Other effects that a regulation of this type could bring, according to the specialist, is that banks could limit their loans or charge higher interest rates.
If a person earns S/2,500, the bank can discount up to S/833. Photo: diffusion
Along these lines, the former head of the Superintendency of Banking and Insurance (SBS), Juan Jose Marthansexplained that loans by agreement have been in the market for more than a decade “and have constituted an alternative with which a vulnerable population segment has managed to compensate part of their budget restrictions through access to this mechanism,” he said.
He added that the controls are valid for certain cases in the short term, but that they usually generate inefficiencies, corruption, the development of black markets and other limitations. “Really, the one who is going to be affected the most is the one who has the least income and who before could access the formal financial market to alleviate part of their needs,” says Marthans.
Recommendation
On the other side, the president of the Association of Insurance Consumers and Users (Acuse), Gabriel Bustamantepoints out that it is a favorable measure, since workers usually sign contracts blindfolded.
It also recommends to workers who need a credit card apply for it at a different entity than the one they use to receive his salary.
Source: Larepublica
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