Surgimento e expansão do crédito consignado no Brasil e seus efeitos socioeconômicos

Abstract

The Brazilian economy in the 2000s has been the subject of constant analysis and debate, mainly due to economic growth and decline, requiring control policies. Based on this need, the payroll loan was established by Law No. 10,820, of December 17, 2003, with the prerogative of guaranteeing conditions for fulfilling obligations and making credit available to consumers under more accessible conditions. Therefore, this paper aims to discuss the effects on the expansion of payroll loans in Brazil, highlighting the positive points, possible risks and challenges. In order to achieve the objectives proposed for this study, a documentary analysis will be carried out, with an exploratory approach and qualitative analysis in the following databases: National Development Bank (BNDES), Central Bank of Brazil and Google Scholar. Adherence to payroll loans can be driven by several factors that are beneficial to consumers, since payroll loans generally offer lower interest rates compared to other types of loans. This makes payroll loans a more attractive financial option for consumers, providing them with access to additional resources at lower costs. It can be concluded that the expansion of payroll loans in Brazil has brought several effects to consumers and the economy in general. Some of these effects include: lower interest rates; access to credit for individuals with unfavorable credit histories; stimulus to consumption (and economic activity); reduction of defaults; flexibility and convenience for borrowers. Even with so many benefits, caution is needed due to the resulting debt.