The “Desenrola Brasil” program, established by the Federal Government, aims to renegotiate debts of Brazilian citizens. Thus, the first phase of the program has already begun this week, with the goal of helping around 30 million Brazilians to settle their financial debts.
Regarding the operation of “Desenrola Brasil”, the Ministry of Finance explains that it will be carried out through a reverse auction among creditors, categorized by type of credit. Thus, the one that offers the greatest discount will have access to the program, exposing the debt for renegotiation and having the guarantee of payment.
This indicates that several financial institutions can join the “Desenrola Brasil” program, such as Nubank, one of the largest global digital banks and widely used by Brazilians.
However, according to Finance Minister Fernando Haddad, Nubank is still considering its participation in “Desenrola Brasil”. This hesitation stems from the fact that Nubank is entitled to little presumed credit.
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If Nubank chooses to join “Desenrola Brasil”, approximately 2.5 million of the bank’s Brazilian customers will be able to benefit from debt renegotiation, enabling the cleaning of their records.
Tracks of the Desenrola Brasil program
“Desenrola Brasil” has two bands. The first includes individuals who earn up to two minimum wages or are registered in the Single Registry, and were negative until December 31, 2022.
In this sense, Brazilians in this range will be able to renegotiate debts up to R$1,000. Payment will be made in one go or in up to 60 installments, with a discount and reduced interest.
The money to pay off these debts can come from loans with a financial institution, guaranteed by the federal government's Operations Guarantee Fund (FGO).
The second track of “Desenrola Brasil”, according to the Ministry of Finance, is only for bank debtors. Here, renegotiation is direct between customers and banks, without FGO guarantee.
More details about debt renegotiation
According to the federal government, “Desenrola Brasil” will occur in three stages. The first two have been in effect since Monday (17), and can eliminate bank debts up to R$1,400. During the auction, banks can use resources to ensure the negotiation of debts.
However, “Desenrola Brasil” will not negotiate certain types of debts. Check below which debts are not part of the renegotiation program:
- Rural credit debts;
- Obligations guaranteed by the Union and debts of public entities
- Debts with expected contribution of public resources;
- Debts without the credit risk fully assumed by financial agents;
- Debts with interest rate equalization by the Union.
Finally, participating in the “Desenrola Brasil” program is quite simple. All the user has to do is register on the website and select the option “Entrar com o gov.br”.
