Desenrola Adimplentes has extended deadline until October 26th to renegotiate debts of informal workers

Program aimed at informal workers with debts up to date or less than 90 days overdue, Desenrola Adimplentes was extended for another 30 days. Renegotiations can be carried out until October 26th, the date on which the provisional measure that created the initiative also ends.

The initial deadline was 90 days and would end last week. The extension was established by the provisional measure that established Desenrola 3.0, a new stage of the debt renegotiation program.

How it works

Desenrola Adimplentes allows you to renegotiate up to R$15,000 in unsecured debts contracted by informal workers in personal credit operations. The conditions provide for interest of up to 1.99% per month. According to data presented by the government, the average rate for these operations is currently around 7% per month.

To participate, the customer must have paid at least four installments of the financing. In addition, payments must be up to date or less than 90 days late.

Start of renegotiations

According to the government, the extension occurred because the implementation of the program suffered operational delays. The provisional measure that created Desenrola Adimplentes was published on June 29th, but renegotiations only effectively began on August 10th.

The start of operations occurred after changes to the participation rules for financial institutions, requested by Banco do Brasil and Caixa Econômica Federal, which act as operating agents for the program.

In the justification presented for the provisional measure, the Minister of Finance, Dario Durigan, stated that the program seeks to assist informal workers who face difficulties in proving their income and, therefore, have greater access to credit types with high interest rates.

According to Durigan, the initiative allows people without a formal employment relationship and without access to cheaper lines of credit to reorganize their debts under more favorable conditions.

Bank resistance

Since its creation at the end of June, Desenrola Adimplentes has encountered resistance in the private sector. Banks showed little interest in participating in an initiative aimed at renegotiating debts that were not yet due and that served a specific audience.

To increase participation, the government included the possibility of credit portability. The measure allows public banks to offer customers renegotiation conditions considered appropriate.