Payment Facilities
Debtor Support Programme (Programa de Acompañamiento a deudores)
Date announced
7/1/2020
Start date
8/1/2020
End date
6/30/2021
Date of last update
4/20/2022
Description
Those who have a credit and whose payment capacity or their income has been affected by the pandemic, can renegotiate their payment conditions, and this will not generate interests of affect their credit history. This measure is complementary to the extensions and grace periods that have already been granted.
Official Sources
Superintendencia Financiera de Colombia (06-30-20). 'Circular Externa No 022 del 30 de junio de 2020'. [https://www.superfinanciera.gov.co/publicacion/10102740]
Superintendencia Financiera de Colombia (01-25-21). 'ABC sobre Programa de Acompañamiento a Deudores – PAD'. [https://www.superfinanciera.gov.co/inicio/consumidor-financiero/informacion-general/informacion-al-consumidor-financiero/programa-de-acompanamiento-a-deudores-pad-10104439].
Presidencia de la República (07-01-20). 'En agosto arranca nuevo programa de Acompañamiento a Deudores: Superintendente Financiero'. [https://id.presidencia.gov.co/Paginas/prensa/2020/En-agosto-arranca-nuevo-programa-de-Acompanamiento-a-Deudores-Superintendente-Financiero-200701.aspx].
Characteristics of the measure
Type of measure
Payment facilities (6)
Sphere
Containment of user spending (7)
Target population
Population with financial obligations (3)
Delivery method
Cash or in-kind
Place of delivery
Home delivery
Legal Framework
External Communication 022, June 30, 2020
Responsible Institution
Financial Superintendence of Colombia (Superintendencia Financiera )