Personal loans for bad credit
One of the biggest achievements in the sphere of banking sector reforms was transparency of the system. The National Bank began to publish more data on the state of banks and the financial system as a whole.
Bad credit loans guaranteed approval
So, recently the regulator published detailed information on banks’ loan portfolios. In the report, the bank showed the quality of banks’ loan portfolios and the number of bad loans in each financial institution. Figures startle: the level of problematic loans reaches 60%.
At the same time, the solution of the problem of problem loans and credit recovery is rightfully called one of the most priority areas for the development of the banking system.
Now bad loans are almost completely reserved, that is, the risks of their non-return are covered by capitalization primarily at the expense of bank shareholders, so investors should not worry at their own expense. However, if now the government does not take the right steps, the situation may recur again.
Loans for poor credit
The EP explains which banks have the highest level of loan problems, what is the problem with protecting the rights of creditors in USA, and how does it affect everyone.
Even before the last banking crisis, bankers admitted that the real level of problematic portfolios of banks can reach 40%. Despite the fact that the official data of the bank showed no more than 10% of loans, they stopped being serviced.
Small loans for bad credit
Problem loans in the banking system accumulated for decades. Because of the emergence of additional tax liabilities, writing off bad loans by banks for a long time was not regulated, therefore the phrase “debts are returned only by cowards” acquired great popularity among bankers.
Against the backdrop of the recent crisis, the level of problems reached 60% of the total loan portfolio. Such disappointing statistics was released by the bank . He published data on loan portfolios of banks in the context of the debtor’s credit class.
Unsecured bad credit loans
The problem of bad loans is not just a problem of banks. Because of the risks of non-repayment of loans, the interest rate for bona fide borrowers is higher, as the risk of non-return of bankers is pawned in the price for other borrowers. Moreover, often normal borrowers can not take a loan at all.
The greatest concentration and volumes of problem loans are in state-owned banks, the strategy for which the government still can not develop.
Quick loans bad credit
The problem of bad loans in state-owned banks is even more acute, as the state is responsible for capitalization. In recent years, she has allocated hundreds of billions of hryvnias of taxpayers for this, which could be spent more efficiently. At the same time for the withdrawal of funds from state banks, none of the bankers or borrowers did not answer.
How to get a loan with bad credit?
Different departments see the solution of the problem in different ways. The Ministry of Finance talks about creating a special AMC that will deal with problem assets, and the bank offers its own bill that would create conditions for non-residents to enter the market of problematic assets of USA.
However, without systemic changes in a country with problem loans it is unlikely to change. Even if banks lose current troubled assets, the quality of portfolios may deteriorate again later.
In his opinion, abuse of the law, the purchased decisions and the controversial nature of the judicial practice of the higher courts leave the debtor a wide field for evading fulfillment of obligations.
The lawyer notes that the country also lacks the responsibility of officials of debtor companies, which allows them to safely use questionable or openly illegal methods of counteracting the claims of creditors.
“A step forward is the recently adopted judicial reform, which should limit the possibility of abuse in trials, but time will tell how the new legislation will be applied. Moreover, the norms of the law are poorly written out, they can add additional collisions and contradictions to the current practice, ” predodent said.
The similar opinion was expressed by the managing partner of the law firm Suprema Lex Victor Moroz. In his view, the state must first of all ensure the effective work of law enforcement agencies and the judiciary.
“It can hardly be called an effective protection of creditor’s rights, if from the moment of applying to the court until the decision to recover the debt can be passed from several months to several years,” he said.
At the same time, the debtor, using the shortcomings of the legislative base, can withdraw assets from his property during the trial, “the lawyer explains.
Moreover, according to the lawyer, obtaining a court decision in favor of the creditor is only a third of the way, and the percentage of execution of judgments is extremely low.
“The criminal legal protection of the interests of creditors is still in a worse state. The investigators are overloaded with work, there is a personnel shortage, the level of training and the quality of the investigation and the prosecutor’s office are low, which leads to significant periods of pre-trial investigation and its low effectiveness, “the lawyer said.
Every person believes that the proposed reform of the procedural legislation contains effective tools to combat procedural diversions and abuses and can contribute to the protection of creditors’ rights. However, there is one “but”.
“The most critical is the possibility of closing criminal proceedings on the basis of completion of the terms of pre-trial investigation. This rule will allow debtors to avoid criminal liability, “- warns the lawyer.