Experts recommend going to financial institutions and agreeing on new payment mechanisms according to the liquidity and capacity of the clients.
The measure that slows the deterioration of the credit history of a person expires the next on December 31. This is the term established in the Resolution 663-2021-F, issued on May 14 of this year by the former Monetary and Financial Policy and Regulation Board. The document details that the debts will become past due only 61 days after non-payment.
Faced with the health crisis, the obligations passed to the expired status at 15, 30 and 60 days, depending on the credit segment and the type of debtor. With this standard, a client could be delayed up to two months in the cancellation of its obligations with financial institutions without damaging its risk rating.
How can I know if I have debts in the Risk Central?
In this way, the risk profile of customers was not degraded and, consequently, there were no impediments to access to new credits in a year in which the COVID-19 pandemic continues and the liquidity of families is still low.
Rocío Villón lost her job in June of this year and for lack of money in that month and in July he could not cancel the $ 200 installment of a loan that he kept in force in a bank. By October, when she found work again, the 36-year-old was able to equalize in the dropped monthly payments and enter the papers for a new loan in another bank. “I had no problems, they checked the credit bureau, no delays were recorded. I was able to access on a loan of $ 10,000 ″, he counted.
Likewise, it turned out to David Villafuerte, who after not being able to cancel his credit in a cooperative for two months, was able to equalize and opt for a microcredit to pay for the health expenses of his mother who suffers stomach cancer.
David castellanos, an economic analyst, explained that this year, in addition to giving some relief to people and companies so that they can recover and balance the payment of their debts until the 61st, there was also a positive effect for banking. The expert considers that this measure was a incentive so that the credit portfolio of financial institutions increases by two digits. This added to the fact that the delinquency indicator did not deteriorate.
According to data from the Association of Private Banks (Asobanca)As of November, it is revealed that the private banking loan portfolio reached a record figure of $ 33,083 million. A growth of 13.4% compared to November 2020. While delinquency was 2.36%.
Valeria Llerena, executive director of the Development Financial Institutions Network (RFD), said that the cooperatives have done everything possible to refinance debts, restructure or defer them to give customers options. However, in some cases, it indicated that the entities were affected because the portfolio as such is not being recovered.
Llerena said that, in the specific case of cooperatives, the benefit does not end on December 31, but extends until December 31, 2022. Therefore, he assures, the slack will continue to be granted so that they comply with their obligations until the 61st day without affecting their history.
The relationship and nature of payment
Experts recommend taking into account two factors to maintain a healthy financial relationship with banks, after the measure that protects the risk rating is completed.
In the first place, Castellanos points out, one should not missing payment commitments, nor put them in second or third order. “The institutions know who is paying beyond the days in which they should comply.”
The expert explained that customers should take care of their payment characterThis is an indicator that defines each person according to how they honor their debt. That is, who pays when he owes, when the time demands or when the bank exercises collection management.
“It is a matter of responsibility that must be handled with caution, since, if you have a bad character of payment, you can hinder the access to credit in the future by defining himself as a bad payer ”, explained Castellanos.
In this sense and as a second element to consider, Javier Velasco Pimentel, general manager of Aval Buró, said that the specific recommendation for clients who owe financial entities or, who are in arrears very often, is to raise some new terms that agree with your payment capacity. This can be, for example, smaller and longer installments.
Do you work just to pay off debts?
Velasco affirms that it is a matter of resume relations with banks or cooperatives, propose new conditions and reach new credit terms for the operation that remains in force. “This is an issue that the Government can not fix by resolution, but is left to the client,” he said.
The importance of credit history (Box)
The credit history It is the client’s record according to how it fulfills its obligations with the different financial entities. For example, when a person accesses a formal loan The information on how it handles the fulfillment of its payment commitments is authorized to be shared by the credit grantor to a bureau.
The bureau is the entity that goes registering compliance of those obligations and then build a score or ‘score’ of the person.
Scores go up to 999 and are grouped into letter categories. The best payer is AAA. (I)
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