Combating the Debt Load of the Population in Russia

Journal of Infrastructure, Policy and Development. 2024. Vol. 8. No. 1. Article 2909.

Molodyko K.

I summarize the current regulatory decisions aimed at combating the debt load of the population in Russia. Further, I show that the level of delinquency of the population on loans is growing despite the regulatory measures taken. In my opinion, the basis of regulatory policy should move from de facto pushing personal bankruptcies to preventing them. I put forward a hypothesis and statistically prove the expediency of quantitative restrictions on one borrower. It is necessary to introduce reports to the credit bureaus of some types of overdue debts, which are not actually reported now. It is also necessary to change the order of debt repayment established by law, allowing the principal and current interest to be paid first, which will prevent the expansion of the debt.

Keywords: Россия, Russia, debt load, restriction for new contracts, credit reporting, order of repayment, закредитованность, ограничение заключения новых договоров, кредитный отчет, очередность платежей по кредиту