The procedure for writing off loan debts has changed in Russia.
First of all, interest will be written off, and then the principal debt.
“Only after this will the fines and penalties be written off,” Ilya Rusyaev, managing partner of the company “Rusyaev and Partners,” and lawyer, told RIA Novosti .
He explained that the interest would be written off first. Then the principal debt would be written off, and then fines and penalties.
According to the expert, this innovation will ease the situation for borrowers experiencing financial difficulties.
Recently, Russians have increasingly begun to use microloans to borrow money.
Muscovites are taking out large microloans of up to 11,970 rubles.
The leaders in terms of the share of those with loans at the end of last year were large families. The debt burden of this category of citizens is 67 percent.
