Debt Renegotiation: Expert Warns of Hidden Costs in Chile

Santiago, Chile – May 30, 2025 – A recent segment on the popular Chilean radio program, "Desayuno de Campeones," tackled the often-misunderstood topic of debt renegotiation. Legal expert Benjamín Jordán from expertosendeudas.cl provided valuable insights into the process. "Many people believe that if a bank lends you money, it's because you can afford it," Jordán explained. "However, the risk assessment by banks in Chile is different from individual calculations." Jordán highlighted the importance of understanding the legal implications and potential consequences of debt renegotiation. He used a hypothetical scenario to illustrate how renegotiation, while appearing beneficial initially, can lead to a higher overall debt burden. The interview concluded with advice for listeners to carefully consider the long-term implications before entering into such agreements. The "Desayuno de Campeones" broadcast aims to empower listeners with financial knowledge, promoting responsible financial decision-making.