How the state plans to pacify the collectors!

According to experts, there are already one and a half million borrowers in Kazakhstan who are overdue for more than 90 days. It is precisely such problem loans and microloans that are often transferred to collection companies, but their pre-trial settlement methods sometimes only aggravate the situation. Insults, threats, and blackmail of debtors by collectors are common, but a more common violation is reporting credit debts to third parties, i.e. relatives, friends, employers, etc. In accordance with the law "On Collection Activities," collectors were required to record audio conversations with debtors back in 2017. Obviously, the current restrictions are not enough. Over the past two years, 37 out of 200 such organizations have been closed due to violations of debtors' bank secrecy by collectors. In addition, the government wants to increase fines from 200 to 300 MCI, and it is proposed to introduce criminal liability altogether to protect the rights of borrowers. To date, the document on tightening the illegal actions of collectors has already been agreed with the government and society, and they may be adopted in the coming months. Meanwhile, experts remind that collectors do not have the right to call more than three times a day from 8.00 a.m. to 21.00 p.m., and they can meet offline in person a maximum of three times a week. 

Attention!   

       Law and Law Law Law draws your attention to the fact that this document is basic and does not always meet the requirements of a particular situation. Our lawyers are ready to assist you in legal advice, drawing up any legal document suitable for your situation.  

 For more information,  please contact a Lawyer / Attorney by phone: +7 (708) 971-78-58; +7 (700) 978 5755, +7 (700) 978 5085. 

Attorney at Law Almaty Lawyer Legal Services Legal Advice Civil Criminal Administrative Cases Disputes Protection Arbitration Law Firm Kazakhstan Law Office  Court Cases