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The Desenrola Brasil program, launched by the federal government, has stood out in recent times for its effectiveness in helping people in debt to restructure their finances. From July 17 to September 15, Brazilian banks renegotiated an impressive total of R$13.2 billion in debt through this program, a milestone that deserves to be explored in more detail.

The Desenrola Brasil Program in Brief

Desenrola Brasil was launched with the aim of providing relief for people in debt, especially those with debts of up to R$5,000 and a family income of up to R$2,000. The program aims to assist up to 70 million people in debt across the country, helping to clear their names from default records, such as Serasa or SPC.

The Impressive Numbers

From July 17 to September 15, banks counted around 1.9 million renegotiated debt contracts. This means that almost 2 million people found financial relief through this program in just two months. In addition, these renegotiations covered debts of 1.46 million customers, which means that many individuals were able to give their finances a fresh start.

A notable statistic is that banks have cleared the names of about 6 million customers from their records who had bank debts of up to R$100,000. This is a significant change in the lives of these people, as having a clean name on credit records is crucial to accessing future loans and financial opportunities.

Banks’ Adhesion to Desenrola Brasil

The adhesion of the main banks to the Desenrola Brasil program is an important milestone. Federal Savings Bank, Bank of Brazil, Itau, Bradesco It is Santander, along with other banks such as Inter, Pan and C6, have confirmed their participation in the program. This means that a wide range of banking options are available to those who wish to renegotiate their debts.

Furthermore, the opening of other institutions to register for the program opens up even more opportunities for people in debt to find solutions to their financial problems. This initiative shows the importance of Desenrola Brasil in the context of personal finances and the country's economic recovery.

The Fundamental Role of Febraban

Febraban (Brazilian Federation of Banks) played a key role in the design and development of the Desenrola Program. In a conversation, Febraban director Isaac stated that banks are fully involved in the “creation and development of the Desenrola Brazil Program.” He argued that the program plays an “essential” role at this delicate time for Brazilian families’ finances.

This collaboration between the government, banks and Febraban demonstrates how society can come together to address significant financial challenges. Cooperation between these parties is key to the success of the program and to ensuring that more people can benefit from it.

The Benefit Ranges in Desenrola Brasil

The Desenrola Brasil program offers two benefit bands with different renegotiation conditions, aiming to meet the different financial needs of those in debt.

Track I

This range is aimed at people who earn up to two minimum wages or who are registered with CadÚnico (Single Registry for Federal Government Social Programs). It is estimated that this line will benefit around 40 million people across the country.

In this range, it is possible to negotiate financial debts (with financial institutions) and non-financial debts (service providers, for example), as long as the negative amounts do not exceed the amount of R$$ 5,000 and that they have been registered by December 31, 2022.

The operations contracted under Desenrola Brasil (Range I and Range II) will be exempt from IOF and may be paid in cash or through bank financing, with a monthly interest rate of 1.99%, flexible terms ranging from two to up to 60 months, with no down payment required, and minimum installments of R$ 50.

Track II

Band II is intended for people with a monthly income equal to or less than R$20,000, who have bank debts. In this case, the bank can offer its customers the possibility of renegotiating directly, with a minimum term of 12 months for payment of the operations.

The government intends to offer financial institutions, in exchange for discounts on debts, a regulatory incentive to increase the supply of credit. As in Band I, the program will cover debts registered up until December 31, 2022.

The Renegotiation Process

After banks and creditors have signed up, auctions with discounts offered by creditors on debts will be held on a digital platform developed by the government. The auction will take place by credit category, and the winner will be the creditor who offers the highest discount for the debt to be renegotiated.

The rules for participating in the auction and its notice will still be published by the Ministry of Finance, with the auction expected to take place in August. After the auction, the process of including debtors in the program will begin in September.

The next step will be to renegotiate the debt between the debtor and the bank chosen by the defaulting party. The debtor will pay the bank, which will then forward the amount to the creditor. In the case of debts with financial institutions, they will also offer their own channels for renegotiation, which can also be used by defaulting parties.

Conclusion

The Desenrola Brasil program is playing a key role in the financial recovery of millions of Brazilians facing challenges due to debt. With the support of major banks and the support of Febraban, the initiative offers a way for people to remove their names from default records and restructure their finances.

In the current economic scenario, Desenrola Brasil is a hope for many who are seeking solutions to their debts. Cooperation between the government, banks and society is essential to face financial challenges and help Brazilians rebuild their financial lives. This program is a clear example of how solidarity and collaboration can make a difference in people's lives.

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