The federal government launched this Monday (4) the new stage of Desenrola Brasil with a focus on reducing family debt and imposing new obligations on participating financial institutions. Banks’ adherence to the program is subject to a set of considerations that go beyond debt renegotiation.
Among the requirements is the obligation to remove the names of defaulters from negative records for debts of up to R$100 and also after the renegotiation of debts included in the program. The measure seeks to accelerate consumers’ credit recovery and facilitate their return to the financial system.
Institutions must also allocate 1% of the amount guaranteed by the Operations Guarantee Fund (FGO) for financial education actions. The proposal is to reduce the risk of re-indebtedness and expand the responsible use of credit.
Another relevant point is the restriction on the use of credit for online betting. Banks that join the program are prohibited from allowing transfers to betting houses via credit card, installment credit, Pix credit or Pix installments. The rule complements the requirement that beneficiaries of the program be prevented from accessing betting platforms for one year.
Desenrola 2.0 maintains its focus on renegotiating more expensive debts, such as credit cards, special checks, personal credit and Fies contracts. The conditions include interest limited to 1.99% per month and discounts that can reach 90% on the total amount due.
In addition, participants will be able to use up to 20% of their FGTS balance to pay off part of their debts, upon authorization. The government’s expectation is that the combination of high rebates and new sources of payment will increase adherence to the program.
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The launch takes place in a scenario of pressure on family finances. Data from the Central Bank indicate that debt reached 49.9% of annual income in February, the highest level in the historical series that began in 2005.
The initiative also has a political impact, as it tries to respond to the perception that the improvement in macroeconomic indicators has not been reflected in family budgets. At the same time, the government seeks to reduce defaults and stimulate consumption, with effects on economic activity.
