Its rising rate extrajudicial mechanism continued, leading to the new record of 1,952 arrangements for the month of July, a number corresponding to debts of 518 million euros.

According to an announcement by the Ministry of National Economy and Finance, a total of 21,176 successful arrangements for initial debts amounting to 7.2 billion euros have been recorded through the out-of-court mechanism until the end of July.

Specifically, in the monthly progress report of the extrajudicial proceedings of the General Secretariat of the Financial Sector and Private Debt Management, the approval rates of financial institutions (banks and management companies) for applications with debts of up to 250,000 euros are presented in detail, with Intrum, QQuant and Veraltis scoring the highest percentages for the month of July as well.

In addition, data are provided on the bilateral arrangements made during the month of June, amounting to €357 million for 6,218 debtors and corresponding to the largest loan management companies, four of which (DoValue, Cepal, Intrum, QQuant) made a total of direct arrangements for 5,200 debtors at 337 million euros.

It is noted that for all four companies, most of the arrangements concern housing loans.

For the most effective use of the available debt settlement tools, it is recalled that the General Secretariat of the Financial Sector and Private Debt Management provides a service which is carried out nationwide by video call or by telephone by appointment through platform or by phone at 213.212.5730.