According to expert’s estimations bankers have left collectors without work, so what does it supposed to mean?
Banks don’t hasten to transfer problem debts to the collector companies. From the beginning of year credit establishments have given portfolios for a total sum about 1.5 billion dollars, having retained defaulting debt at least several times more.
According to given bankers estimations in the most public collector companies to the data, for ten months of this year the volume of the accounts payable transferred to professional collectors, has constituted approximately 1.5 billion dollars.
About half of all affairs 20 % – with credit cards are connected with consumer loans. The rest is necessary on loans for an average and small-scale business and more specific products, including car crediting, a mortgage and other, – general director of one of the collector company speaks.
Conventional banks reluctantly leave collateral loans. But in informal conversations market makers notice that problems even with these loans become more aggravated now. Collectors carry consumer loans and credit cards to the most hopeless. “A lot of people people don’t want them to pay, even if they have money. The borrower should realize that payment to credit bank this month at it in the same priority, as payment of utilities or the Internet. But when speech comes about borrowers with delay more than 700 days, efficiency of return becomes very low though we let to people know that about them haven’t forgotten also the credit isn’t forgiven and won’t disappear itself”, – the director of one of the collector company declares.
Collectors are afraid that without intervention of the government return of problem credits will be tightened for some years. So the situation with problem credits is really bad now, however the bankers predict that this is only the post crisis effect and it will be solved in next few years so they think that they won’t have such problems with borrowers in the future. Borrowers have to understand for themselves that these credits won’t simply disappear and transfer in nothing, but it can really transform for them in much bigger problems as the debts will only grow ad also it can really badly spoil their credit history, and bankers don’t really understand why borrowers won’t realize and remember about this a very serious fact.
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