Next Monday, September 25, the Central Bank of Brazil (BC) will do a live broadcast to talk about over-indebtedness. The objective is to explain to the population what the problem is and give instructions so that citizens do not get into this situation.
The online event will be led by the head of the BC Financial Citizenship Promotion Department, Luis Gustavo Mansur, also covering tips on how to avoid over-indebtedness and recognize its signs.
In accordance with legislation, the over-indebted are those who are “unable to pay their due and falling consumer debts without compromising their existential minimum”. In other words, people who have contracted debts beyond their ability to pay due to loans, use of credit cards and financing, so that they are unable to pay off the debts or cover other expenses considered basic, such as housing and food, for example.
The Over-Indebtedness Law (Law No. 14,181) was sanctioned in 2021, with the purpose of supporting consumers and ensuring an equitable and transparent relationship between debtors and creditors.
The broadcast will be at 2 pm, on the BC YouTube channel .