When you apply for a loan from the bank—whether it be a vehicle, mortgage, or consumer loan—the financial institution suggests that you take out credit life insurance in case you die. In this way, your heirs will not have to be responsible for paying the debt, as explained by the Superintendence of Banking, Insurance and […]
Tag: debts
If my parents die and they had debts, do I inherit them?
Facing the death of a family member is a painful process; concerns increase if that loved one had debts with the bank. You wonder if it is possible that now you have to be responsible for the payment to the banking entities. According to the Superintendency of Banking, Insurance and AFP (SBS), the answer to […]
Repro AFP III: they make official the law for entities to pay debts to the AFPs
He Congress of the republic made official the law that establishes the regime for rescheduling the payment of pension contributions to the pension funds of the private system of administration of pension funds owed by public entities (REPRO AFP III), accrued until December 31, 2022, which were not canceled at the time. The Law No. […]
Debts, trade wars and low productivity: the aftermath of the pandemic
Record levels of public debt, geopolitical tensions that threaten to split the global trading system, and the likely persistence of low productivity growth may saddle the world with a slow-growth future that holds back development in some countries. This vision of a post-pandemic world economy follows from a study organized by the Kansas City Federal […]
Indecopi: what to do if the service I contract is canceled or postponed due to the demonstrations?
Due to social demonstrations that are being developed in various areas of the country, some of the services could be affected. Therefore, it is important that consumers know how to act in the face of these inconveniences and receive attention to their claims. Along these lines, Indecopi provides the following guidelines through the ‘Guide for […]
What happens if I don’t pay my credit card on time in Peru?
The credit card is well known and used by Peruvian citizens and people around the world for being an easy source of financing to use when wanting to invest in their happiness and/or needs, but, although it is a plastic object that provides a range of advantages to its customers, there are still many doubts […]
Yape: why doesn’t the option to access a loan appear and what requirements must I meet?
BCP users have the option of accessing loans through the Yape application. The microcredits offered by the application range from S/150 to S/500 in a maximum payment period of 35 days and subject to a credit evaluation. Those interested who opt for this functionality must pay an Annual Effective Cost Rate (TCEA) of 80.97%. For […]
Chile begins to collect the debts of parents who owe alimony to their children
A new law of Alimony entered into force this Saturday in Chili to, through State bodies, collect resources from parents who owe the monthly payment to their children and thus force them to comply with their obligations. “Is today! Our law on Parental Responsibility and Effective Payment of Child Support Pensions enters into force. A […]
Banks could not collect debts from salary accounts
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 […]
They seek to put limits on the collection of debts through workers’ salary accounts
the congresswoman Norma Yarrow, from the Avanza País bank, proposes establishing limits for banking entities regarding the collection of direct debts from the accounts of the workers in which they receive their remuneration in order to protect their basic needs. Currently, if a user has a credit card and a salary account at the same […]