Faking salary certificates to receive credits is no longer needed

The days of the certificates of legal salary, which the banks used to require from potential borrowers, are going. The largest banks now receive the information on the real amounts of the legal salaries of each citizen directly from the State Pension Fund of Russia. The number of such queries is growing steadily: the banks have sent 3.4 million queries to the PFR in seven months.

Olga Zaytseva, Associate of the Law Firm "YUST", told Nezavisimaya Gazeta how the situation will develop if a commercial bank, having received the information on the borrower from the PFR, transfers the powers to exact the debt to collectors, that is – cedes the rights to claim under an agreement of a consumer’s credit to a third party: "A collector must keep the banking secret as well as other legal secrets and the debtors’ personal information, and is liable for any disclosure thereof". Olga Zaytseva reminds that the debtor must be informed in writing of the appearance of other creditor than the bank. Otherwise the citizen is not obliged to react to the collectors’ actions in any way.

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