The problem with loans in the bank and its solution

In a difficult economic situation in a country characterized by low purchasing power and low wages, people are forced to buy goods and services on credit. Still, is it possible today to buy long-awaited housing without borrowing money from the bank? The answer to this question is obvious.

Credit: to take or not to take?

At the same time, analysts note that most of the potential borrowers initially intend to properly fulfill their credit obligations: return the principal amount of debt and accrued interest to the banking institution. However, after signing the contract, a person often faces the most unforeseen life situations: he loses his ability to work, he is dismissed from work, he is deprived of sources of income ... Naturally, in such circumstances the debtor can not return money to the financial structure, and he has a problem with credits.

The most terrible thing is that it can grow like a snowball. The amount of penalties and fines is growing every day, and eventually the borrower can remain, as they say, "without pants." And the reaction of the bank in this case is foreseen easily. He is not interested in the problem with loans that the debtor had, he wants to get his money back, so he attracts as a helper a collection agency, which sometimes does not disdain any means: both legal and illegal, in order to "knock out" the debt from the borrower. Yes, his situation is not the most enviable. Are there any solutions when there is a problem with loans on the horizon? Let's consider this issue in more detail.

What to do

So, what should you do if you are in a debt hole? The main thing is not to panic and keep the mind sober. Try to contact the employees of the credit institution as tightly as possible and explain to them the essence of your financial difficulties.

It is not excluded that they will be able to meet you, if you tell in as much detail as possible why you have problems with paying the loan. Really assess your own solvency and voice the bank's employees approximate terms of its repayment, if the issue of debt restructuring is resolved positively. Remember that if you prove that you do not intend to shy away from your obligations and want to return money to the bank, then the chances of reviewing the terms of the loan agreement will be quite high.

Specialist help

If your independent steps to resolve the problem with the payment of a loan have not been successful, then you should seek professional advice. In this case, you need an experienced lawyer. He will not only develop the right tactics for you with the employees of the banking institution, but also protect you against illegal actions on the part of the collectors.

Note that the problem with loans should be solved by a specialized specialist who previously successfully dealt with similar cases. Do not be lazy and ask him to confirm this fact.

As practice shows, there are several ways in which problems with repayment of loans are solved . Let's consider each of them.

Making a new loan

At present a huge number of intermediaries in the banking market have appeared. Brokers to the left and to the right offer their solution to problems with loans. Which one? You draw up a new loan from them to pay off the old one. This measure is also called refinancing a loan. Well, we can not say that this option is optimal for all borrowers and yet it does not need to be discounted. The thing is that, using this method, you can "kill two birds with one stone" at the same time, if you borrow money in the same banking institution.

First, if you make out a new loan, the next payment will be deferred for 30 days. Secondly, if the new loan is of a long-term nature, then the monthly "tranche" is reduced. However, you can borrow money from another credit institution. The main thing is different: if you belong to the category of hard-core non-payers, and you have delays in repaying the debt, then it is hardly possible to calculate the new loan. Information on the quality of each credit history is contained in a special client register, and the bank can be acquainted with them at any time. But if employees do not like something in it, then you can use the services of an intermediary with an impeccable reputation, who for a fee will agree to issue a new loan for you.

Debt restructuring

Do not know how to solve problems with loans? There is another common way. Anyone who uses it will receive certain privileges from the bank: adjustment of the monthly fee, periods of payment of debts, partial writing-off of the loan amount. In order to be able to obtain the above concessions, it is necessary to visit the banking institution, inform the employees about financial difficulties and write a statement to the management of the credit organization.

As practice shows, banking structures in a number of cases positively solve the issue of writing off penalties, forfeits and even partially "forgive" the principal amount of debt.

Insurance

Modern realities are such that almost all credit organizations prefer to insure themselves against financial risks. However, not all borrowers carefully read the text of the agreement on loan insurance. And in this document are written very important points, namely - in what cases the insurer will pay the loan instead of the debtor. As a rule, these are force majeure circumstances: disability, dismissal from work, death. But even in these cases, the bank will make claims not to the insurance company, but to the borrower. If the specified case has occurred, the latter himself must apply to the insurer, provide him with a certain package of documents, and only after that he will perform the duties of the debtor. And you need to have written proof that the insured event has come. It should also be remembered that in some situations insurance companies deliberately evade their obligations. Again, there are problems with the loan. What to do? First you need to defend your rights in the insurance company.

That is why it is possible that the borrower will be forced to spend time on litigation with the insurer, and here one should apply for qualified help.

What you need to remember more

So, you have problems with paying out a loan. What to do in this situation? The main thing is not to take a wait-and-see attitude, hoping that the matter will be resolved by itself. We must act very actively. All appeals to the credit organization must be made in writing. Keep in mind, the faster you start to "move", the more you can reduce the amount of penalties and fines. Do not forget that the lion's share of credit contracts for consumer needs provides for simply "enslaving" sanctions, despite the fact that by law their value should not exceed reasonable limits and not be many times larger than the amount of the principal debt.

If at some stage of "communication" with the bank you have difficulties, then you should immediately seek help from a specialist. And here it is necessary to take into account the fact that some lawyers for their services will require an advance payment, while others will ask for money after the result of the work is seen.

Loan for the purchase of housing

Today, many are forced to borrow money from the bank to buy housing. Well, the goal is good, but before you choose this or that mortgage lending program, carefully weigh all the pros and cons. Soberly assess your financial potential, since monthly fees will need to be paid for many years. Otherwise, there is a high probability that you will have a problem with a mortgage loan.

What to do

Remember that with delays under the loan agreement for the purchase of housing, the bank's position is very rigid and principled.

Here, he rarely makes concessions to the borrower, since it is a question of "big" money. If the debtor makes a late payment late in the course of 2-3 months, the bank, as a rule, uses the "trump card" - the right to sell the apartment that is in the mortgage. Of course, he strongly disciplines the borrower. But is there a way out for him?

Paradoxically, yes. If he has an impeccable credit history, then the management of a financial institution can make a positive decision on the issue of granting a deferral on the principal debt up to 180 days. During this period, the debtor only repays interest, and then either compensates for missed payments, or restructures the debt by extending the term of contributions. However, the question of whether or not to grant the right to restructure is decided individually.

If the bank threatens the court, but nothing to pay?

However, it also happens that the bank refuses to meet its debtor, notifying that it will start a lawsuit. On some, such a measure is sobering, and they are gradually beginning to pay off their debts. However, such a tactic of conduct does not make sense, since the amount of late fees increases daily, and by the time the case is reviewed by the court, the amounts are sometimes enormous. Therefore, experts do not advise to extinguish the debt in parts: the credit history is still far from ideal, and money will be thrown out, as next day the amount of debt will again acquire the former value. Do not be particularly afraid of litigation. On the contrary, it should definitely put an end to your relationship with the bank. In the court decision, the total amount of the debt will be established, for which fines and penalties will no longer accrue. And their size during the trial, on the contrary, can be reduced. To execute the will of the court will already be bailiffs, who are much more loyal than employees of collection agencies. And it is from this moment that you can take steps to at least partially pay off the debt. And if you take a passive position, the bailiffs can impose an arrest on your property. Thus, it is better to execute the court decision, gradually making payments. And if you have the opportunity to fully pay with the bank, it is better not to ignore this option.