Bank indebtedness is one of the factors responsible for the moments of financial instability strongly aggravated by the catastrophic pandemic arising from Covid-19.
The crisis has led to a higher demand of bank loans by a large majority of companies and individuals.
There are institutions that grant credits at exorbitant interest rates even in renegotiation operations, in addition to all the charges for the contracting period, also those of the period of arrears and which significantly overburden the borrowers.
Considering that there was renegotiation, the credit has a new level of remunerative interest for the loan in installments, and the interest on the previous arrangements shall not be charged.
It is often possible to migrate a debt with high interest rates to another with lower rates, longer term and smaller installments that fit the budget, as well as to pay off the debt in cash with a significant reduction in the amount in question.
The success achieved through an agreement is tied to a number of factors, one of which is the abusive action of the banks, that misuse the revolving credit of the company or individual to pay off installments that are in direct debit. In this way, the client’s debt to the institution grows exponentially. This type of collection has been recognized as illegal by the judiciary.
Our orientation is to seek exits and exhaust all resources before entering into court, mainly because if the majority of credit borrowers decide to go to the judiciary, the judicial provision will be even slower and will therefore not be able to satisfactorily meet the demands of companies, individuals and the market.
Banks are now more likely to accept renegotiations, which has greatly favored our clients, with very satisfactory results.
We have a specialized area with qualified professionals and expertise in renegotiations of various modalities, including bank agreements such as loans, credit card, current account with credit limit, guaranteed account, financing and debt confession.
Tais Helena Bacellar, Administrative and Finance Director at PNST Advogados.