New regulation for credit card and consumer loans holders: A lifesaver for debts

The Banking Regulation and Supervision Agency ( BRSA ) has made a significant decision to restructure individual credit card and consumer loan debts . According to this decision, debt balances can be restructured for up to 48 months. The BRSA statement emphasized that this process will be faster and less costly. Individual customers must apply within three months to take advantage of this opportunity.

WHO CAN BENEFIT FROM THIS STRUCTURE?

In the BRSA statement, it was stated that the scope of the restructuring was expanded to include the following groups:

Customers who are unable to pay their credit card debt partially or completely. Customers who are late in making principal and/or interest payments on consumer loans.

Customers who previously had a restructured personal credit card or consumer loan.