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CENTRAL BANK MAY FORGIVE DEBTS OF PEOPLE AFFECTED BY A FLOOD IN THE SOUTH OF RUSSIA

... loans, and even to forgive some. However, each case must be considered individually and an objective decision must be made in relation to each borrower. This information was confirmed by the RBC's own sources at once in several large Crimean banks and MFOs, such as MoneyMan, Borrower, Instant Money and Lemon.online. Financial institutions are encouraged to try to settle situations with loans and various types of borrowings, including mortgages. Debts will be completely forgiven in exceptional cases. What is more, the official letter of the Central Bank says that the financial institutions will not collect the pledged property. These measures will not affect the credit histories of borrowers. Therefore, there should be no difficulties for clients with new loans in the future. The Central ...

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