Debt delinquency has doubled in the Zoomer generation

The delinquency of the Zoomer generation in the portfolio of bad debts more than doubled from 3 to 7%, VTB said. This is an expected effect of the banks' policy. Last year, due to the Central Bank's restrictions on lending to borrowers with high debt load, they targeted the youngest citizens - 18-19 years old, who are just entering adulthood.

Debt encroachment: lenders have become more likely to sell delinquent loans

They are bought by individuals, among others, who can "beat" money out harder than debt collectors can

Shopping malls became the most favorite hunting ground for young borrowers. This is a kind of modern scoring (a system of borrower assessment): if a teenager spends time in shopping centers, there is money in the family.

Young people are happy to sort out credit cards, spend money from them in cafes, buy things. And when the time comes to make payments, they fall into a stupor, but do not admit to their parents, fearing conflict in the family. As a result - delinquency, which grows into fines.

Information about the consequences of giving credit cards to young people came from VTB Bank, which decided to analyze how the representatives of different generations pay their debts. And here is what he observes in the section "zoomers": their share in the portfolio of total delinquency of the bank is growing - last year it increased from 3 to 7%.

"This trend is due to the fact that young people are starting to take loans and use credit cards - they are increasingly taking two or more loans from different banks. In addition, zoomers take the longest time to close their overdue debts on unsecured loans - up to 20 days," the bank explained.

Read more in the exclusive material "Izvestia":

They can't borrow: how banks deprive young people of a credit future