How to get a loan reprieve
According to statistics, every person at least once in his life took a loan from a Bank. And the situations are different and it is not always possible to make timely payments. Many people unknowingly begin in such cases, to avoid contact with the Bank. This is strongly discouraged. Mirsovetov figured out how to get a reprieve on the loan.
Banks overdue loans are not profitable
This is what almost all representatives of banking institutions say when it comes to loans. The situation is such that if the loan payments have stopped, the Bank expects serious expenses. Are due and payment for services of debt collection agencies, and litigation, itself a costly and prolonged implementation mechanism collected security Deposit. In addition, the heads of credit departments constantly “get a scolding” for overdue loans. Therefore, all Bank employees are interested in a peaceful solution to any problem situation.
If you, God forbid, there is no possibility to pay a monthly payment, you understand that you are late with payment, or your business is experiencing unplanned financial difficulties, do not be afraid of Bank sanctions, do not delay the time, and voluntarily come and find together with Bank employees a way out of this situation. If you follow the path of least resistance and just start to hide, you will not be too bright future. For overdue payments you will be charged fines, penalties, and the loan amount will grow exponentially. In addition, your nervous system will constantly test the strength of Bank employees, collectors and, eventually, bailiffs. Therefore, it is necessary to initially do everything not to get into the debt pit, from which it will be literally impossible to get out. And for those who got into a difficult financial situation, the exit from which is not even visible, there is no sense in hoping for the favor of the Bank. In this case, the Bank will demand radical action from the borrower — the sale of collateral and full repayment of the entire loan amount.
My roommate’s been mired in credit for a long time. Her son played in an online casino, and to cover his debts, she had to take out loans in three banks. Several years she tried to repay these sums, even sold inherited from parents house, but sums were simply unaffordable. The neighbor went to work abroad (illegally), is not going to return, while it is wanted at home and banks and collectors. A terrible story, in which everyone can find themselves. Mirsovetov recommends seven times to think and really to estimate solvency before making out the loan in Bank. And think in advance where you can take the money in case of force majeure (dismissal, illness, etc.).)
Credit agreement — our everything
Unfortunately, our people are not accustomed to read the documents carefully before signing. The loan agreement is no exception. Its points must be studied thoroughly, especially the conditions of “credit holidays”. It is there that the options of the Bank’s actions should be indicated in case of financial difficulties for the client. If about such moments in the contract there is no word — run away from such creditor!
How to ask for a delay
I hope that readers have already realized the need for amicable resolution of the problems. Before going to the Bank carefully read the loan agreement, calm down and act without emotion. Be sure to bring all possible documents confirming the fact of your financial problems. For example, a child’s birth certificate, sick leave or a certificate from the employment center. If to all this you also have a positive credit history (the loan was paid on time, there are no debts), then you can fully count on a certain loyalty of the Bank. Let’s look at possible solutions.
If you can not make another payment and delay it for 3-5 days. Warn the Bank, clearly specify the date of payment and be sure to pay on time. In this case, as a rule, no penalties will not threaten you. Many banks have so-called “promised payment”forms on their websites. Fill, send – and the Bank is aware that you are a little late.
Deferred payment (loan body and interest) up to 30 days. This option is available in many banks. Fraught with a fine, but subject to documentary evidence of a valid reason, the Bank may make the fine insignificant. Such “missteps” can be allowed no more than three times during the loan repayment period.
Deferred payment of the loan for up to a year. Not all banks have it, however, as an option, we will consider it. This means that the interest on the loan you pay regularly and in full, and the body of the loan does not repay the whole year. You are threatened with an increase in the amount paid by increasing the term of payment of the loan.
You may be asked to reduce the amount of the monthly payment by increasing the maturity of the loan. Overpayment, as you know, will be solid. But it’s better than nothing.
You also have the right to ask the Bank to revise the payment schedule. For example, instead of monthly contributions, agree quarterly. You will have more time to raise funds.
Not often, but still banks hold shares in which they offer to restructure the loan and even “forgive” some of it. The Bank is going to meet its payers, we advise only to carefully read the signed papers again.
You need to ask for a delay only as a last resort, as it significantly spoils your credit history. In addition, in all variants, except, perhaps, the first, any solution is beneficial not to you, but to the Bank. Overpayment appears not small and hurts the pocket. But this is better than hiding from the lender and at one point lose all the acquired property (if it comes to court).
If, despite your efforts, the Bank refused to delay you, demand a written refusal (or record the conversation on the recorder). With this document, go to court and demand the renewal of the loan agreement. If you have a valid reason, it is likely that the court will make a positive decision. The contract can be renegotiated in case of an excessive loan in foreign currency under conditions of a sharp increase in its rate. However, it is necessary to fork out for notary services.