The Slovak government made a big show of helping out its citizens by forcing banks to accept a nine-month deferral of mortgage payments, but it’s not clear if everyone understood the implications of taking advantage of this possibility. Because while in the short run, borrowers will improve their cash flow situation, they will also be put automatically on to the list of registered debtors. That will significantly hurt their chances in the future of receiving loans from banks or from consumer lenders. The director of Finanční kompas Maroš Ovčarik puts it bluntly. “If someone in one bank asks for a payment deferral and then asks for another bank for a new loan you probably won’t get it. Because on the basis of information in the long registry vacancy whose income was threatened during a pandemic.” He told the daily Pravda that it’s tough for such people to get loans. Banks claim that a record in the loan registry shouldn’t hurt their client’s chances for receiving loans in the future. Pravda contacted the Ministry of finance which has the same opinion.”In the law it’s expressly written that the deferral of payments is not a symptom of failure and does not worsen the credit worthiness of the debtor,” it wrote.
