Nowadays, it is quite common to find a situation when the borrower is unable to pay off his loan obligations. Some were fired from their jobs, while others did not calculate their financial capabilities. In any case, debt obligations appear that must be addressed in any case.
Instructions
Step 1
Try to get a loan at another bank at a lower interest rate if you feel that soon you will not have the money to pay the loan. This will minimize your monthly expenses and prevent you from getting bad credit history. For example, if you know that soon you will be fired from your job, then ask the employer to postpone this moment until the loan is issued. Otherwise, it will be difficult for an unemployed person to borrow money.
Step 2
Borrow the required amount from relatives or friends until the situation is resolved. In this case, it is advisable to draw up an interest-free loan agreement. Discuss maturity dates. In this case, you will be able to repay the loan on time and not spoil your relationship with the bank. Keep in mind that in the future you have to pay back two debts, so start looking for a new source of income.
Step 3
Agree with the bank on debt restructuring. Explain the current situation and ask to defer loan payments. Currently, many banks practice this method, while monthly payments are minimized or completely canceled for a period of one year.
Step 4
Refer to the legal framework if the bank refuses to make concessions to you. It should be noted that, for example, the Civil Code prescribes the situation of mortgage arrears, which in the event of a difficult financial situation can be postponed for several years.
Step 5
File a statement of claim in court, in which you require the bank to take into account your situation. If the court recognizes that losing your job is not your fault, then there is a chance that you will be exempted from paying penalties and fines and allowed to defer payments.
Step 6
Get a tax credit for your mortgage interest. To do this, you must apply to the tax office at your place of residence with an appropriate application. Find out about the conditions for receiving cash benefits and fill out all the required forms. As a result, you may receive some amount as a refund of previously paid mortgage interest.
