On the market today, a new word "return". The level of defaults on loans issued through the cards, with 70% of the total outstanding debt. A level itself defaults on consumer loans of up to one year has already reached 20%. The main reasons for this phenomenon – the lack of verification of the borrower's credit standing in the field of loan, the lack of effective procedures, poorly functioning channels of information-sharing among creditors. And the last factor – high training scam. According to the General Director for Russia and CIS VISA Lou Naumovski, the expansion of these phenomena, they warned two years ago.
In connection with this question, Will avoid the mistakes of South Korea, stnovitsya very important. Avoid them in the event that will be undertaken joint efforts of all stakeholders, experts say. And something in this direction is already being done. In State Duma considered a law on the compulsory use of bank cards in shops with a turnover of $ 20 thousand or more. Gradually begins to operate Institute credit bureaus.
However, these measures are insufficient, while the market is in the degree of maturity of the breast, the crisis may occur very quickly, quite a strong push. And we need to prepare for such negative possibilities. First and foremost we need to expand the volume exchange of information – not only negative but also positive. Competently built the credit market seriously helps economic growth. Real consumer spending Russians in 2005 increased by almost 11%. In 2004, people spend slightly less than 70% of all income on consumption. In 2005 – almost 71%. Increase by 2% per year in the world is high. And this is the contribution of credit cards. But simultaneously there is another process: the more we spend, than actively using credit cards, the more increasing, and the associated risks. Example of South Korea – a visual confirmation of this thesis.