Infonavit: how do I know if they will freeze my credit

The Mexican Government announced that they have decided freeze balances and monthly payments of two million credits from the National Housing Fund for Workers (Infonavit), granted before 2013 under the lowest Times scheme through the​​​​ scheme (VSM). This step is announced by the president Claudia Sheinbaum Pardo is trying to correct the annual increases in the payment of these credits, considered unfair.

The initiative will benefit four million people, starting with loans before 2013 and soon expanding to credits granted between 2014 and 2020 under the old pesos model.

Director of Infonavit, Octavio Romero Oropezahe explained that the institution manages a portfolio of 6.2 million loans, of which 4 million registered an annual increase in their debt and monthly payments. Of the beliefs that are now frozen, Frostbite at 500 miles y automatic discountsand the other million and a half have to consult additional details online.

“Of those 2 million beneficiaries who today freeze their balance, 500 thousand will see additional frozen and automatic discounts; and the million and a half are going to see that their account is already frozen and they are going to find out in this consultation what additional benefits they will have,” said the director.

In the coming weeks, support will be announced for those whose credits have been awarded in the period from 2014 to 2020.

Beneficiaries of the program can now check condition of your accounts through the official website of the Telephone details. There, users will find out if their accounts are completely frozen, meaning there will be no increase in their debt, and they will be able to learn about specific benefits relevant to their financial situation .

According to the Infonavit website, the following are the people who can apply for a credit freeze.

• Credits awarded before 2013 under the Times Minimum Wage (VSM) scheme.
• Beneficiaries with debts that increase every year.
• Beneficiaries who were unable to settle their credit.

In addition to these new measures to support the beneficiaries, Infonavit will add additional incentives to liquidate their homes, such as.

• 500 miles will stop the increase in your payment automatically and, in addition, there will be a significant reduction in the rate and the monthly payment itself.
• 1 million 500 thousand must go to the Information Services Centers so that the situation of each of them can be checked and they can access the advantages of the institution.