CONSUMER OVER-INDEBTEDNESS: GUIDELINES FOR A REGULATORY PLAN IN LATIN AMERICA

The consumer over-indebtedness phenomenon presents a great complexity that justifies the intervention of the legislator. The regulation must be inspired in the idea of the central importance of human persons and the so called ethics of the vulnerable. Solutions for the prevention are imposed with priority, due to ethical, economic and legal reasons. Renegotiating debt is an indirect mechanism to repair, that must be promoted, facilitated, assisted and accompanied when it is an efficient solution. Discharging unsettled debt is a benefit which must be embraced by the regulation, as a necessary remedy for the consumer over-indebtedness.