ON THE LEGAL NATURE OF CREDIT RELATIONS
Background: the article is devoted to the analysis of the legal nature of credit relations. Objective: to carry out a detailed research of such legal concepts as credit and forms of credit obligations, taking into account the diversification of the institu tion of debt relations, in which new types of credit relations arise, in particular, in the framework of microfinance activities. Methodology: general scientific methods: system-structural, functional methods, as well as particular scientific methods: comparative legal and formal legal. Results: it is revealed that credit legal relations should be considered as one of the types of legal relations of obligations that are part of the loan relations, having the relevant actions of the subjects as their object. Con clusion: the volume of credit legal relations is expanding due to the debt obligations arising within the framework of microfinance activities, resulting in a new definition of such a concept as credit legal relations.