Deputy Gavrilov told about fraud under the guise of refinancing loans
The head of the State Duma Committee on Property Sergei Gavrilov (CPRF) spoke on November 26 about fraud under the guise of refinancing loans.
"The risk of encountering fraudsters deserves special attention. There are many unscrupulous intermediary companies working in the market, which promise to help in the consolidation of loans, but in reality either disappear with the prepayment received, or offer unfavorable conditions, masking them with complex settlement schemes," he said in an interview with RIA Novosti.
The deputy informed that when refinancing loans there is a significant risk that their consolidation may turn out to be financially unfavorable.
In addition, according to him, a serious danger is the situation with collateralized property, when combining different types of loans into one collateralized loan, the possibility of flexible payment management is lost.
Gavrilov reminded about the probability of the bank's refusal to merge loans, because if at least one of the current loans has delinquencies or if there are only a few months left until the end of the loan term, the risk is especially high.
He also noted that the loan pooling process takes time to negotiate with current lenders, including the need to obtain debt balance certificates, which often have a limited validity period.
"It is therefore crucial to carefully calculate all options, consider all possible additional costs and assess the real benefit of refinancing before deciding to combine loans. It may often turn out that it is more reasonable to continue paying off existing loans separately," he concluded.
Earlier, on November 25, the Central Bank warned about the risks of loans for investment. The regulator noted that investment on borrowed money is the most difficult and risky way for unqualified investors.
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