Desenrola Brasil: Renegotiation of Tier 2 debts starts on Monday

A ordinance was published in the Official Gazette of the Union.

Level 2 of the program serves the population with a monthly income of two minimum wages (R$2,640) to R$20,000. President Luiz Inácio Lula da Silva commented on social networks about the start of the program, which, according to the government, will benefit 70 million Brazilians who have debts.

“Nobody likes to have a dirty name. We are going to help the people to regain their dignity.”

Debts can be settled through the channels indicated by the financial agents and can be paid in at least 12 installments. It is also necessary to have been included in the defaulter register by December 31, 2022.

At this stage of the program, bank debts of up to R$100 will also be forgiven. In this case, the name of the person will be automatically removed from the debtors’ registers by the financial institutions. According to the Ministry of Finance, with this measure, around 1.5 million people will no longer have restrictions and will be able to access credit again.

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Track 1

The ordinance also brings the rules for qualifying financial agents for Level 1 of Desenrola Brasil. In this case, the financial agents will have to request qualification in the Guarantor Fund platform of Desenrola Brasil Operations and must comply with the business and technological criteria set forth in the Manual of Operational Procedures of FGO Desenrola Brasil.

It is necessary to inform the active records of defaulters in the Tier 1 profile, and provide data such as the contract number, the date of denial and entry in the default register, in addition to the initial three digits of the debtor’s CPF number.

People with debts of up to R$ 5,000, and who have an income of up to two minimum wages, or are enrolled in the Single Registry for Social Programs of the Federal Government (CadÚnico), will be able to participate in Desenrola Brasil in Track 1, which will start in September .

According to the Minister of Finance, Fernando Haddad, the next stage of Desenrola Brasil will be to carry out discount auctions, with information from financial agents on negative credits:

“The greater the discount given by the creditor, the debtor will subsequently be able to make his installment schedule, with a guarantee from the National Treasury.”