Citizens who find themselves in a "debt hole" are often interested in how not to pay a loan legally and start living in peace. In fact, such an opportunity really exists, however, it will still not be possible to completely avoid paying the loan.
Instructions
Step 1
Many citizens prefer to simply not pay the loan and start living in peace, not paying attention to the steadily growing interest rates and fines for non-payment at the bank. Most often, banking institutions begin to pay attention to debtors who do not pay the due interest for more than 3-4 months. After that, specially trained bank employees (collectors) try to call the negligent client or his immediate family.
Step 2
Try not to be afraid of collectors and the bank at first. Clients, even with a large debt, are not brought to justice. First of all, the bank will offer the debtor to meet with the credit manager, who will study the person's financial situation and, if necessary, make a decision on restructuring the loan. This means that the loan repayment period will be increased, but the interest may remain the same. As a result, a two-year loan can turn, for example, into a five-year one, which will make it easier to pay off debts.
Step 3
There are people who prefer not to pay the loan legally and begin to live quietly, "laying low". The fact is that there is a law according to which credit institutions must collect a debt from a person within three years. A citizen recognized as missing is exempted from paying the loan, and the bank covers the losses with the help of an insurance company. Nevertheless, hiding from bank employees and not getting in touch with your loved ones for several years is far from the most convenient and legal option.
Step 4
For many years now, Western countries have been practicing avoiding the payment of loans through the bankruptcy law, which also exists in Russia. It is worth noting that the law is constantly being improved precisely in order to prevent people from hiding from their civic duty. It is planned that the debtors will finally be recognized as citizens, the amount of debts of which exceeds 500,00 rubles, and the period of non-payment is more than 3 months. For each of these cases, its own algorithm of interaction between the bank and the bankrupt person is provided. The outcome of such a situation can be different, starting with the restructuring of the loan and ending with the fact that a citizen can not pay the loan legally and start living in peace.
