In life, events often occur that change the usual way of life, and force many people to look differently at how and how much they spend money. The situation is aggravated if a loan is issued for a person. Especially for a large amount. However, banks meet their customers halfway and, in difficult times for them, offer to issue deferrals for loan repayment.
It is necessary
- statement;
- documents confirming your financial difficulties
Instructions
Step 1
Receiving a deferral to repay the debt to the bank received a rather lyrical name - "credit holidays". However, before you go on vacation, you need to thoroughly study the question: "how can this be done at all." There is a situation: a person had a prestigious and well-paid job, and at that moment he decided to take out a loan to buy a car or real estate. Issued, paid monthly. But the situation in the world changed, and he was fired. And the loan remained. In this case, he may try to ask the bank for a delay in repaying the loan. If, of course, this is provided for in the financial institution where he borrowed, or, even more so, is spelled out in his contract.
Step 2
In order for the bank to meet you halfway, it needs to be warned about your temporary financial difficulties. But you need to do this while you still do not have arrears in paying the debt. In order to apply for a temporary exemption from payments, you need to write an appropriate application. And it is necessary to attach to it documents confirming your plight. By the way, the reason for obtaining a delay may not only be the loss of a source of income. You can also contact the bank if you yourself or your family members are seriously ill, and money is needed for treatment, in the first place. In addition, the bank will meet you halfway if you are robbed or a natural disaster has occurred, which made it impossible for you to pay off your debt obligations on time.
Step 3
The period for which you may be granted exemption from the fulfillment of your financial obligations is individual in each case. And it can be from 1-2 months to a year. But it depends on how bad your business is. The bank will assess your financial condition and determine how long it can allow you to "take a break" from paying your debt. It is also necessary to take into account the option that, in general, banks give you "credit holidays" only to pay off the principal debt, and you still have to pay off the amount of monthly interest accruing. As a rule, if the loan was a mortgage or for the purchase of a car, it is interest that makes up most of the payment. True, in some cases, banks can still afford to completely freeze all payments for a certain period. But they will meet halfway only to those clients who have a good credit history, there were no delays in payments and problems with debt payments.
