First phase of Desenrola can clear up to 2.5 million names, says Haddad

Finance Minister Fernando Haddad said this Monday (17th) that the total number of Brazilians with debts of up to R$100 who will have a clean name could reach 2.5 million if Nubank joins Desenrola. According to him, the financial institution is still deciding whether to join the program because it is entitled to little presumed credit, an incentive given by the government to banks.

“There is only one bank that is in doubt about joining or not, because it has little advantage in presumed credit and has 1 million people negative: Nubank. We are waiting. If they join, there will be 2.5 million CPFs [com o nome limpo]”, said Haddad. The Ministry of Finance will provide a balance of adhesions only in the next few days, informed Agência Brasil.

In the first phase of Desenrola, which came into force this Monday, financial institutions clear the names of people with debts of up to R$ 100 overdue by December 31 of last year. The debt is not forgiven. Only the debtor ceases to have a dirty name and can contract new loans and carry out operations such as closing rental contracts.

Without Nubank’s participation, the number of individuals who could have their names cleared by the end of the month would reach 1.5 million, according to the special advisor at the Secretariat for Economic Reforms, Alexandre Ferreira. He recalled that the withdrawal of debts of up to R$ 100 from the negative register is a mandatory condition for financial institutions that adhere to Desenrola.

“That debt [de até R$ 100] it cannot be denied again. The negative effect on the debtor’s life falls at that moment, such as restrictions on entering into a lease and buying with a payment book. the debt continues [crescendo] in accounting terms, but the negation has been definitively suspended at that time”, explained Ferreira.

In addition to clearing the name of those with debts of up to R$100, the first phase of Desenrola provides for the renegotiation of debts with banks by debtors with income of up to R$20,000. Desenrola only covers debts incurred up to December 31 of last year.

The incentive for financial institutions to participate in the first phase is through the anticipation of presumed credits. For every BRL 1 discount granted to debtors, the financial institution records BRL 1 of presumed credit on the balance sheet.

According to Haddad, the government is offering up to R$50 billion in anticipation of tax credits to banks. “We released BRL 50 billion [em crédito presumido] for the banking sector to renegotiate the balance sheet system. The incentive for the bank is to have the renegotiation value as presumed credit with the government. If the discount for the person is BRL 7,000, the credit to the bank will be BRL 7,000”, said the minister.