Sometimes in life there are unforeseen circumstances when it becomes impossible to repay a loan to banks. No one is immune from permanent income loss or illness, so these recommendations will help you avoid problems with banks in case you suddenly find yourself temporarily insolvent.
Instructions
Step 1
The main rule: do not panic in any way and do not start hiding from the bank. If you stop answering calls and change your phone number, the situation will not change. Problems will still overtake you not now, but in a few months.
Step 2
Notify the bank that you intend to repay the debt in the future, but at the present time you are not able to do so due to a number of circumstances. For example, say you get sick or quit your job.
Step 3
Send a letter to the bank asking for a loan restructuring. Restructuring is a change in the existing loan agreement in favor of the borrower.
Step 4
Do not be afraid of the courts. Let the bank sue you. The law is on the side of the borrower. The main thing is to never refuse payments. You are going to pay off the debt in any case, the court must be sure of this.
Step 5
Banks and collection firms like to intimidate defaulters with articles from the Criminal Code, but you do not refuse to pay a debt, and you cannot be accused of fraud and malicious evasion of credit, as well as damage through deception and abuse of trust.
Step 6
The Supreme Arbitration Court of the Russian Federation in 2010 made a decision according to which the accrual of penalties and fines on overdue loans is prohibited by law. The amount of fines should not be higher than the amount owed. Internal provisions of banks, according to which a fine of 1% per day is imposed for late payments, are not legal.
Step 7
You can contact a special anti-collection firm that will represent your interests: it will help you restructure a loan, achieve a delay in payments, reduce fines and penalties by 80-100%.
