The loan agreement can be concluded for a long term. It is impossible to foresee all the circumstances that may occur during this time, so sometimes you have to ask for a deferred payment. To do this, you will have to contact the bank.
Instructions
Step 1
Usually the bank itself gives a short delay for repayment. For example, you need to make a minimum payment on the 10th, if you do this within 2-5 days, nothing bad will happen. Of course, the bank will send a reminder or a call from employees, but you just need to explain that in 1-2 days you will pay off everything, this rarely affects your credit history. With such a debt period, you do not need to contact the bank, notify the organization about your problems.
Step 2
If you cannot repay the loan within a week or more, you need to contact the employees of the institution that gave the loan and talk about the reasons for this situation. Usually they require you to indicate the exact date when the next fee will be paid. Sometimes you need to submit a written statement that payment is not possible in the current month. In foreign banks there is a "promised payment" service, you can use it by specifying the payment date, this is a delay of up to 30 days. In Russian institutions, this is rare, so expect constant reminders of debt, frequent SMS and calls.
Step 3
Some agreements with banks provide for "credit holidays". This is an opportunity to take a break in payments for a period from 1 month to several years. Such a service is prescribed in the contract, its availability is reported at its conclusion. To take this break, you need to write a statement at the bank, while, again, clarify for what period, as well as get approval from the heads of the department.
Step 4
If there are problems with work, a decrease in income, and it is difficult to solve it, you can apply for restructuring. At the same time, the loan term increases, but the monthly payment becomes smaller. This is not very convenient, since sometimes it leads to an increase in the interest rate, but at the same time it is easier to pay. Not all banks agree to this option, you need to contact the employees, find out what is necessary for the procedure.
Step 5
Re-crediting makes it possible to solve problems for a while. In this case, you need to contact another bank and take a loan there, which will cover the payment of this month or make it possible to fully repay the loan. This is beneficial when you close the obligations in one place, and the new bank provides better conditions, for example, a lower interest rate, a small commission and a convenient payment schedule. Borrowing the same amount to pay off one or two payments will lead to the fact that you overpay extra interest and you will have not one loan, but two.
Step 6
If you contacted the bank, described your problem, but did not receive the opportunity to transfer the payment, do not worry. Usually, the bank submits documents to the court about non-payment of the debt 6-12 months after the last payment. Of course, at this time there will be calls, threats, messages, but because of this, you do not need to get into heavy loans, which will ruin your life in the future. The delay will ruin your credit history, but it is important that it does not affect your quality of life. Just try to start paying back the amounts as quickly as possible to pay off your debts.
