Risk of consumer credit default

Lending to individuals is an integral part of the activities of commercial banks. In Russia, an increasing number of banks face the risks of non-payment of loans on time. The purpose of the article is to analyze the degree of risk that occurs when lending to individuals and evaluate the main tools of banks designed to minimize the level of risks. The analysis revealed the relationship between why people are willing to take out loans and are often faced with overdue debt, as well as what methods, techniques and methods banks use to resolve emerging problems.