They wrote off the loan of an elderly man with a low pension who lives on a desert island

65.84% loan write-off for low-income elderly pensioners after the intervention of the Consumer Workers Union of Greece. This particular borrower lives on a border island.

After the intervention of the Consumer Workers Union in Greece, a credit institution wrote off a 65.84% loan to an elderly borrower with low pensions, while the remaining amount was settled in 120 installments without indicating his primary residence.

As the Consumer Workers Union of Greece stated in its announcement, it continues to support over-indebted borrowers who cannot meet their banking obligations due to their reduced income and increased cost of living.

As an example, he cites the case of an elderly low-income consumer living on a border island who could not repay his loan due to punctuality in relation to his low income.

Specifically, his credit card debts amounted to 28,104.85 euros, while in order to settle them, the credit institution requires prior notification of the main residence.

With the support of EEKE, the credit institution wrote off the debt by 65.84%, and settled the remaining amount in 120 installments, without the prior visa on the consumer’s first residence.