What to do if there is no money to return a loan
What to do if there is no money to return a loan
Gradually, and Russians are accustomed to live on credit,as do residents of developed countries. The loan may be required for the purchase of housing, a new car or for another large purchase. The loan can be taken in any bank, but if your solvency drops sharply, there will be a serious problem - the inability to make payments on the loan.
Instructions
1
If there is no money to repay the loan, it is not worth itpanic and make attempts to escape from the bank-creditor, now it is impossible, you will find in any case. There is no point in leading an "ostrich policy" - this will not reduce your debt. Re-read the contract with the bank anew, evaluate all those troubles that may follow when you break your borrower's obligations. Consult with a lawyer specializing in such matters - he will tell you how to minimize the risk of being on the street (if the loan was taken on bail of a single real estate).
2
Contact the bank for restructuringexisting credit. Preliminary, make an appointment with the manager and explain the situation to him. If the amount you take on credit is large enough, and before that you regularly contributed all the due payments, there is a high probability that the bank will meet you. In case of restructuring, you will increase the credit period and recalculate the schedule of payments in order to reduce the amount of the monthly payment.
3
If in the next few months you do not expectfull recovery of its solvency, it makes sense to ask the bank for "credit leave", during which you will only need to pay current interest for the loan. In any case, the bank, just like you, is interested in having the money taken back, albeit a bit later than previously stipulated.
4
In the most extreme case, if the receipt of money is notit is foreseeable in the foreseeable future, you will have to sell the property - an apartment or a car. If the property is pledged to the bank, do not wait for its sale at the auction by a court decision, contact the manager with a request to lift the ban on the sale of this property and try to sell it yourself at the highest possible price. The bank, by the way, can quite help you with this - providing legal registration services.
