OREANDA-NEWS  There are more than 12 million debtors in Russia, said Dmitry Aristov, Director of the Federal Bailiff Service (FSSP) during the St. Petersburg International Legal Forum. 

According to the chief bailiff of the country, the situation with the collection of credit debt has become a "super urgent problem." Only on the execution of the FSSP are documents in respect of individuals who have not paid credit debts to banks, microfinance organizations (MFOs) and collectors in time for a total amount of almost two trillion rubles. At the same time, the real number of debtors may be even greater, Aristov added.

According to the Bank of Russia, the loan portfolio of microfinance organizations in 2022 reached 364 billion rubles. This is a record amount, and 35 percent of this debt is loans overdue for more than 90 days.

More than half (52 percent) of Russians have debts to financial organizations, according to the results of a survey of the <url> financial marketplace. Of these, 44 percent of respondents are paying off more than one loan, and 27 percent are experiencing difficulties with debt repayment. At the same time, if a person accumulates several loans, he may have difficulties repaying them, especially if the client takes out a loan to close the previous one.

Earlier, the Bank of Russia proposed to simplify the complex restructuring of loans in different banks. In order to solve the problems of debtors who have fallen into a difficult life situation, borrowers are offered permission to apply to one of the financial organizations where he has a loan issued for a comprehensive debt settlement.