More than 700 creditors, including banks and retailers, will be able to renegotiate debts; The second phase of the program is aimed at negative people with an income of up to two minimum wages and debts of up to R$ 5,000
BRASÍLIA – From Monday the government will use the B3 platform, the São Paulo Stock Exchange, to organize auctions different from the usual ones. Instead of highways, airports or electricity, around 700 companies will compete for the right to participate Unroll, a debt renegotiation program that enjoys R$8 billion in guarantees from the National Treasury. In other words, public money.
The logic is simple: the demand for renegotiation under special conditions is greater than the government’s budget availability. A dispute between the companies will be opened shortly. Whoever offers the greatest discounts on negative consumer debt wins.
According to the Ministry of Finance, 32.5 million people Those who earn up to two minimum wages or are registered in the Single Registry will be able to benefit from this second phase of the program. Debts up to R$5,000, which represent the majority in this income bracket, will be prioritized. In the case of Treasury money, after the first renegotiations, the government will expand the scope of debts up to R$20,000.
“Default is directly related to income. Those who don’t have it don’t pay,” says Marcos Pinto, secretary of economic reforms, who has been leading the program since January.
Reducing this contingent of negative people, therefore, will be a social and, at the same time, economic action, since it will rehabilitate the consumption potential of millions of Brazilians. And this on Christmas Eve, a major retail sales date.
The challenge will be to avoid the return of these millions of Brazilians to the lists of dirty names, which will depend on factors such as economic growth, job and income creation, inflation and interest trajectories and financial education.
Discounts must exceed 50%
Desenrola’s auctions will be divided into sectors, which will include everything from resellers to financial institutions and water and electricity companies. And there will also be a breakdown for the dates when debts were negative: 2019, 2020, 2021 and 2022. The program only provides negative debts until December last year.
The expectation is that older debts linked to, for example, revolving credit cards, will have the biggest discounts, as they are difficult to recover. Newer ones, from companies that provide essential services, such as water and electricity, should have the lowest discounts. Each lot, however, will have a minimum discount. According to the Treasury Department, the the average of these minimum discounts is 58%.
Once the auctions have concluded, the accounts meeting phase begins, scheduled for the first week of October – but we are still waiting for the approval of the relevant bill in the Senate. From then on, negative consumers will be able to do so access the platform gov.br and check if your debts have been covered and what discount has been obtained. If they accept the lender’s offer, they will be able to pay the amount in cash or in installments of up to 60 installments, with a maximum interest of 1.99% per month.
In case of failure to pay in installments, the government will cover the losses of the bank responsible for the financing: this is precisely what the 8 billion reais of the guarantee fund are for, for which it will compete in the auctions.
Those who do not have debts covered by the competition, but are eligible for the program, will also have advantages. These consumers will be able to take advantage of the discounts offered to other debtors, but, in this case, they will have to pay in cash.
Source: Terra
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