Brazil: Desenrola 3.0 to Buy Up US$29 Billion in Family Debt at Up to 90% Discount
Lula's Desenrola 3.0 will buy defaulted family debts from creditors at up to 90% discount, targeting about US$29 billion; first relief reaches families from February 2027. The post Brazil: Desenrola 3.0 to Buy Up US$29 Billion in Family Debt at Up to 90% Discount appeared first on The Rio Times .
Brazil's President Lula announced Desenrola 3.0 on September 25, 2026, a federal program to purchase defaulted family debts at discounts of up to 90%. The initiative targets roughly R$150 billion (US$29 billion) of eligible debt, estimated to cost the government R$15 billion (US$2.9 billion). Eligible debts include credit-card revolving and installment balances, as well as personal loans without payroll deduction, up to R$10,000 (US$1,930) in original value, overdue between 720 and 1,645 days.
The government will buy these debts directly from creditors through auctions, with the passed-on discount going to the debtors. Creditors must settle the entire eligible credit, while debtors can choose to pay the remaining balance in cash at the same discount or in instalments with interest, as set by the National Monetary Council.
The program aims to address both bank and non-bank creditors, with auctions expected to start in November 2026 and discounts reaching families from February 2027.
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