Statute of limitations on a loan

Probably, each of us at one time faced a loan. Whether the equipment had to be bought, or the furniture changed, and we are resting more often not for our money, but for those that the bank gave us at a high interest rate. But we never think about whether we are capable of doing it. We received money, and in some cases we can not pay: someone lost work, and with it a certain income, someone simply can not pay such a large sum, and someone does not want to pay at all. That's when the time comes when it's necessary to pay debts, or go to court and answer to the bank. In most cases, the case usually wins the bank, which means that interest increases to the sky and it is impossible to pay such a loan. What is to be done in this case? You need to use a completely legitimate reason for not paying the loan - using the limitation period for the loan.

But how not to be mistaken in this case and not get into even greater bondage? We just need to know our rights thoroughly, using the statute of limitations for a loan, which is prescribed in the Civil Code of the Russian Federation. At the moment, debt defaults on loans in Russia amounted to more than 12%. All this suggests that this law can be used by a huge number of people. This figure says that every fourth citizen of the country is in a debt hole, while every second of these four has certain difficulties with the payment of money. Therefore, it would be appropriate to say about the great interest in such a procedure of many non-payers.

Also I want to explain, what is this - the limitation period for the loan? This is a procedure in which the limitation period for the payment of a loan is three years. It turns out that those who took out a loan can after this period, simply refuse to pay all debts. But in fact, the whole operation is not as simple as it seems.

This is due to the fact that the limitation period for the loan provides for certain mandatory nuances. So, for example, during these three years there should be absolutely no relationship between the borrower and the creditor: no received notices, no calls from the bank. In this case, the bank also goes to all the tricks in order to use the procedure for the statute of limitations on the loan, the defaulter could not use. It transfers all rights to collect debt to collectors, which at least once a year remind of unpaid money. Proof of your communication can serve not only records of telephone conversations, but also the signature delivered upon receipt of a registered letter.

So how do you really calculate what the statute of limitations on the loan you have at the moment. It is calculated only from the moment when you completely stop communicating with the bank and its representatives, it will be on the phone or live - it does not matter at all. Absolutely no communication! And only if, suddenly, after three years you again receive a summons to the court, you can file a counterclaim, this time appealing the law, which mentions the limitation period for the loan.

Nevertheless, you should not flatter yourself at the expense of banks. They are not going to forgive you debts, so they will not wait three years to again demand from you a debt repayment. They will do this much earlier. Or, in order not to have unnecessary problems, they can generally sell your debt to another company.

That's why it's worth a thousand times to think before you use the advantageous option for you. Maybe, it is gradual payments that will help you to improve the situation and will be much more profitable than your hide-and-seek games with the bank for three years. Well, in order to avoid problems with the repayment of loans, you should not borrow money at all. It is easier to collect than to think about where to take money for another debt extinguishment.