Deferred payment is insurance against a difficult situation

In the credit market there was not an absolutely good situation: about 25% of borrowers have problems with paying out the loan. The problem lies not in the actions of fraudulent focus and not even in the inadequate evaluation by the bank's experts of the client's solvency. Everything is much simpler - the reason in ordinary life situations. No one is immune from health problems as well as from job loss. Depending on the nature of the situation, the borrower may lose income in part or in full, and also experience temporary difficulties with employment.

Approximately a quarter of clients lose their solvency for reasons beyond their control, which, alas, is impossible to envisage. Unfortunately, unforeseen situations can not be prevented, however, their consequences can be insured. This is not about the insurance program. Credit with a deferred payment - that's the most effective option of insurance against the will of the case.

How to get money now, and pay later

It is important to understand that postponement and installments are completely different things. Some borrowers consider these concepts identical, which can subsequently lead to certain problems. Deferred payment is the repayment of a debt that has been postponed to a different period, longer than the one specified in the loan agreement. Some credit programs initially provide for a deferred payment. The loan agreement specifies the initial payment, which is necessary to pay at a certain time, and the grace period.

Such credit programs are extremely beneficial for beginning entrepreneurs - not every business starts to generate revenue immediately. It takes time to make a business profitable. The delay allows the business to develop and significantly reduces the costs of the entrepreneur who has just opened his own business. In some cases, the delay may be granted on an individual basis, even if this item is not provided for in the loan agreement.

Bank loyalty is not a myth, but a reality

Almost all banks are loyal to borrowers - this is a fact. This circumstance is explained not by sensitivity, sympathy and understanding of the bank's employees, but by a logical desire to minimize losses. It is worth noting that banks do not show loyalty to borrowers who shy away from fulfilling their credit obligations. A client who finds himself in a difficult situation needs to contact the bank's employees, and it is advisable to do this before the loss of solvency. A borrower who has informed the bank's representatives about his problems and the current situation may be granted a deferred payment, even if it is not provided for by the loan agreement.

The grace period and other nuances are individual in each case. It should be noted that if the borrower obviously shied away from credit obligations, then there can be no talk of any postponement. Although, by a court decision, a deferred payment may be granted in addition to the desire of bank experts, however, these are special cases, depending on a variety of external factors.

In order to receive a deferred payment through the court, it is worthwhile to use the services of competent specialists involved in solving such plan issues. An inexperienced person is very difficult to convince a representative of Themis in the need for its provision. Many borrowers, having got into a difficult situation, prefer to refinance a loan - in some cases such a decision is more acceptable than a delay in payment, for example, provided that the client has not lost the solvency completely. Credit brokers offer a variety of options for refinancing, allowing you to pay off existing obligations through a new loan with a lower rate.