Clipping of news on Brazilian Culture, Law and Citizenship
22/12/2014
This article was translated by an automatic translation system, and was therefore not reviewed by people.
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Possibility of renegotiating debt attracted interested servers to pay smaller share in the contract
ALESSANDRA HORTO
Rio - The volume of payroll loans to federal employees in October shows that the expansion of the 60-term financing for 96 months had instant reflexes in the segment. According to the latest data from the Central Bank, the lending Discount sheet grew 45.6% between September and October for individuals in general. Between EU servers, the increase was 46.8%.
According to the Bank of Brazil, the accumulated value in October and November 2014 was 233% higher than in the same period of 2013. In November, the volume contracted payroll loans by the servers of the Federal Executive has grown substantially in the CEF. According to the bank, was hired more than three times the average of the previous months.
In October 2014, the concessions for public sector workers totaled R $ 10.3 billion. For the head of the Economic Department of the Central Bank, Tulio Maciel, the growth is due to extension of the deadline for payment of payroll contracts.
"There was a volume of renegotiations, with recovery of old contracts and opening new business with higher value. No doubt the renovations were influenced by expanding terms for servers, "said Maciel.
According to him, the default rate is low in this mode of operation and, in recent years, the sport has consolidated. "There was a learning process on the part of borrowers and from whom the loan, in terms of security and personal financial management. In terms of financial education, we had a major breakthrough, "mused the head of the Economic Department of the Central Bank.
Professor of Finance at Ibmec-RJ and Fundação Dom Cabral, Gilberto Braga points out that the renegotiation of debt is a tricky way to deal with the loan. Since the server until you can pay a lower value on the parcel, but will increase the total value traded.
"Unfortunately, people tend to worry about the time and the weight of the payment of the installments in the budget. The ideal is not touching the contract balance and other expenses. But people fall into temptation and renegotiate their contracts, "said Braga. According to him, a characteristic of functionalism is to make eye debts in future receipts, as compensation and late.
Source: The Day Online
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This article was translated by an automatic translation system, and was therefore not reviewed by people.