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According to the Finance Ministry, 924 companies joined the program. Individuals with debts of less than R$ 5 thousand may, at the end of this month, take part in the final stage of the Desenrola Brasil program. The Finance Ministry expects substantial discounts, as in the inaugural stage, when financial institutions granted reductions of up to 96%
In total, 924 companies with credits receivable from consumers in arrears joined the program. They account for 86% of all outstanding debts of up to R$ 5 thousand owed by citizens, according to the Finance Ministry
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This stage of the program is known for being the most accessible and is the primary reason for establishing Desenrola. This is because it covers debts ranging from energy bills to credit card bills
The program has a very targeted focus: it serves individuals with a monthly income of up to two minimum wages as well as those registered in the Single Registry for Social Programs of the federal government
Read also: Desenrola Brasil begins second renegotiation phase: Find out who can benefit now
How to join?
Similar to the previous stage, there will be a website where debtors must register to join the debt restructuring program. This website is expected to be available by the end of next week.
In addition to the reduction in the amount owed, debtors will have the option of settling the remaining balance in a lump sum or in installments.
Those in default may use their own funds or obtain financing from an institution accredited by the program to pay off the debt.
Participants may divide their debts into up to 60 installments, without having to make an initial payment. In addition, the interest rate will be 1.99% per month. Monthly payments may be made by direct debit, Pix or bank slip.
How will the Desenrola negotiation take place?
The objective is to establish competition among creditors, similar to an auction, scheduled for the end of next week.
At this stage, the debts will be grouped into categories such as credit cards, retail, electricity and sanitation.
Proposals with the largest reductions will have priority in the renegotiation, with the program's guarantee. If the debtor fails to comply with the agreement, the fund will compensate the company.
The government will soon provide details about this auction.
How much has been set aside to guarantee these transactions?
R$ 8 billion from the Fundo Garantidor de Operações (FGO) was allocated to ensure and encourage competition among creditors.
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The volume of debt to be renegotiated at this stage exceeds the FGO ceiling, which will only guarantee financed debts, excluding cash payments.
In June, the Planalto released initial projections of R$ 50 billion, potentially reaching 43 million people. Fazenda will still define the final figures.
Summary of the initial stage of Desenrola
Read also: Desenrola Brasil: Debt Renegotiations Anticipated by Major Retailers
Desenrola will continue until the end of the year, according to the forecast of the provisional measure that established the program. The idea is for transactions to take place swiftly, as seen at the beginning of the program.
In the inaugural stage, which the government celebrated, the focus was on bank debts of consumers with incomes of up to R$ 20 thousand.
In the latest survey, Febraban recorded a total of R$ 11.7 billion negotiated in this format.
The total number of renegotiated contracts reached 1.6 million, benefiting approximately 1.25 million account holders, according to the Federation.
In parallel, during this phase, banks removed approximately ten million debts of less than R$ 100 from their records.
Febraban also reported that six million individuals had their names cleared after settling these small debts.
