PROBLEM ASPECTS OF CREDIT AGREEMENTS IN UKRAINE AND INTERNATIONALLY

Abstract

The article is devoted to the examination of problematic aspects of credit agreements in Ukraine and internationally, in particular, the features of the parties to the credit agreement are highlighted, the types of creditors who are parties to the credit agreement are analyzed, among them are mortgage brokers, direct creditors and so-called “secondary” creditors. It was established that the rapid development of IT also influenced the emergence of new types of lending. Peer-topeer or P2P lending has emerged, which connects borrowers with a network of investors. Unlike a conventional lender, investors are connected individuals – a group of people or a company – who make the decision whether or not to finance a particular loan. Although the same factors and requirements are used to evaluate the borrower’s application for a loan as for a conventional loan, which are not always strict. Simply put, peer-to-peer lending is a type of platform that allows participants to borrow sums of money without relying on a conventional financial institution to control transactions and “brings” investors – both individuals and companies – directly to the people who need to borrow money. Instead, traditional personal loans come from organizations like banks, credit unions, or online lenders. P2P lending, also known as crowdlending or social lending, connects borrowers and lenders directly, usually through a website or app. It has been analyzed that borrowers most often use a loan through their credit card, because it is a convenient, hasslefree way of meeting the borrower’s financial needs, which provides quick access to cash and does not require a large number of documents from the borrower regarding his financial condition. All this is possible if the borrower meets certain criteria, namely: he has an active and valid card in this bank, there is no debt on this credit card, the borrower is a regular customer of this bank, has a stable income and a positive credit history, and in most countries this as well as a high credit rating. It was concluded that in connection with the fairly rapid process of Ukraine’s accession to the European Union, it is necessary to speed up the process of introducing changes to improve the current legislation in the field of lending. To put into use newer and more convenient conditions for obtaining credit funds, using information technologies