If you have a loan from a bank and you are facing financial difficulties, most likely this will lead to an increase in debt to the lender. In this case, you should not panic and hide from obligations. The best solution to the problem would be to find a compromise method of repayment together with the bank.
Instructions
Step 1
Assess your financial situation. If the debt in the bank has grown due to the loss of a job, then start looking for permanent earnings. If part of the family finances went to urgent unforeseen expenses, then mark this fact. Plan your family's budget to determine when you can repay the debt to the bank.
Step 2
Write a letter addressed to the bank manager in which you applied for the loan. Indicate in your appeal that you are not able to repay the loan debt for some time. Please note the reasons for this situation and let us know what measures you are taking to solve the problem.
Step 3
It is best to send a letter to the bank not in person, but send it by registered mail with the receipt preserved, even if the branch is located on the next street. In this case, you will have proof that the bank received your application if the situation comes to court.
Step 4
Ask the bank to restructure the debt. At the same time, you can arrange a full deferral of payments or minimize monthly payments. The second option is preferable both for you and for the bank. This is due to the fact that at least partially, you will still repay the debt to the extent of your financial capabilities. In the first case, the debt will be increased by a fairly large amount.
Step 5
Start looking for sources of basic or additional income. Don't expect a unique job offer. Remember that the employer is not looking for you, but you must find one. It is worth noting that if the bank went to meet you and allowed you to restructure the debt, and you, in turn, did not take any steps to improve your financial situation, then the credit institution can terminate the agreements and sue you.
Step 6
Solve the issue of returning the debt to the bank in court. You need to wait for the bank to file a claim against you, or do it yourself if you were refused restructuring. Then you can postpone the repayment of debt by a court decision.
