A loan is convenient and troublesome at the same time. Especially when it comes to long-term loans - mortgages, car loans, etc. The worst situation for those who borrow money from the bank is dismissal. And not everyone knows what to do if you have a loan and at the same time you are left without work.
Instructions
Step 1
To begin with, accept the fact that you are now out of work, and you have to repay the debt. Notify the bank immediately that you have become temporarily insolvent. Write an appropriate application and go with it to the credit officers of your financial institution-creditor. Find out from them what sanctions you may face and how you can postpone the payment of debt for a short time. Experts recommend not to delay the trip to the bank, the minimum period is a week before the next repayment date.
Step 2
Be prepared for the fact that the bank will not immediately give you the go-ahead for a postponement. Specialists will accept your application and submit it for consideration. And in this case, your credit history will play a very important role. If you have a long-term loan and a couple of years have passed since you have been repaying it, and you do it regularly and on time, then your chances are significantly increased.
Step 3
While you are not yet clearly sure that the bank will allow you a grace period, try to find enough money somewhere to pay the monthly installment on the loan. Try to borrow from friends, contact relatives.
Step 4
If further events develop according to a negative scenario, then your debt will accumulate very quickly. Then penalties and fines will come into play. Everything will happen so quickly that you do not have time to look back when you receive a warning call from the bank. The lender's staff will inform you that collectors will soon begin to deal with your loan. True, here it is necessary to take into account the fact that state banks are much less likely to use the services of such dubious firms than commercial ones.
Step 5
Therefore, your task is to find a job as soon as possible and repay the loan as soon as possible.
Step 6
If the bank allows you a delay, you shouldn't relax anyway. After all, a temporary amnesty allows you not to pay the main debt. But no one exempts you from paying interest. This is the main problem, because it is known that interest is a fairly large part of the monthly payment. Therefore, it is in your best interest to find a job as soon as possible.
