Fgts release: understand how debtors can use it to pay off debts

[muskanislam25]

The Minister of Economy, Paulo Guedes, announced the release of FGTS funds to pay debts. This is because with the increase in inflation, which has reached a high of 10.38%, the release of the fund tends to provide relief to workers.

Before Carnival, the Minister of Economy Paulo Guedes announced the release of FGTS for the payment of debts, the accumulated amount could result in more than 100 billion reais invested to boost the country's economy.

It is understood that the release of the FGTS will be an extremely beneficial measure for the employee, as he will be able to withdraw approximately R$1,000.00 (one thousand reais) – the amount not yet informed exactly – to pay outstanding debts, without affecting his salary and causing harm to the maintenance of his home.

The measure divides opinions among experts in the field, as some believe that releasing the FGTS could harm the construction sector, since the fund is used to finance real estate Israel telegram data many employees use it for the same purpose, to pay the down payment on their own homes. Others believe that this could help reduce the high rates of default caused by unemployment and the high cost of living for Brazilians.

Understand how the release of FGTS will work in its new withdrawal mode
In order to obtain payment of debts, the Minister of Economy plans to release around 30 billion reais held in Caixa Econômica Federal accounts as the Severance Pay Guarantee Fund. In other words, the release of the FGTS is intended to help workers get out of the red and pay off their debts.

Taking into account the estimates that the maximum approximate amount will be R$1,000.00 (one thousand reais), the Government intends to help more than 40 million workers. The Minister believes that it is better for Brazilians to increase their debts by withdrawing money from overdrafts or loans, than to use the release of FGTS funds to withdraw what the Minister considers to be “a trapped, unused amount that has no fixed destination” to pay those outstanding debts.

Analyzing the situation and the planning carried out by the Federal Government, there is nothing to discuss, the company that understands the debtor's profile, has knowledge of whether he fits into the fund's beneficiaries and knows the right time to collect, will make good use of the FGTS release , reducing default rates within the debtors' framework. In addition, it is a great time to understand when and what arguments to use to convince the client to pay off the debt, considering that the amount released was not expected, such as the salary.

Learn how to use the FGTS release to your advantage
When it comes to measures to prevent the increase in debt of the Brazilian population, the Federal Government has already released the FGTS in other forms, such as anniversary withdrawal, emergency withdrawal, among others.

But what's the point of the government creating tools that can be used to reduce default in the country and authorize the release of FGTS , if the company is "late" when it comes to collecting?! Therefore, it is extremely important that the creditor knows the debtor's profile and the right time to collect.

With innovative solutions, Think Data , an information bureau and market reference, makes it possible to identify whether the debtor has a record in their employment record with a simple and quick online search in publicly available sources that enable the identification of whether a defaulting customer has an active employment relationship. It is even possible to verify whether and when the employee left the company so that it is possible to identify whether the release of the FGTS will contribute to the settlement or reduction of the amounts owed.

FGTS Release: Ways to Know the Right Time to Collect
Whether you are providing a service, selling something or lending money, it is always extremely important to know the profile of the client you are working with, because both when providing and when collecting, this will help you know the best ways and times to make the negotiation more assertive. With the release of FGTS , this proves useful and guarantees you a lead over other collectors.