If the burden of a bank loan is hanging on you - remember: the bank has every opportunity to collect from you the entire amount of the debt and interest on it. Therefore, do not delay solving the problem, especially when you cannot repay the loan for any reason.
It is necessary
Ability to persuade and negotiate tough
Instructions
Step 1
The options for the development of events may be different, depending on the current situation, you can pay the loan, you cannot pay the loan, or you do not want to pay the loan.
If you have the opportunity to fulfill your obligations to the bank, then this must be done in a timely manner and in full. That is, in accordance with the loan agreement, you deposit a certain amount in any available way: at the bank's office, through the payment terminal, by transferring funds from your account. By the end of the loan agreement, you will not only have to repay the loan amount, but also the interest on it. When this happens, you should obtain a written assurance from the bank that the loan has been fully repaid and there are no claims against you. Only then can you consider your "friendship" with the bank over and breathe freely.
Step 2
If you cannot pay the loan, it would be better if you were the first to inform the bank that for one reason or another you cannot fulfill your obligations. The reason must be good: loss of job, disability, etc.
To continue negotiations, you should go to the bank's office and talk to a loan officer. The main thing in this situation is to convince your interlocutor that you are a respectable borrower and are ready to continue repaying the loan, but in a different amount and in a different time interval. In this case, it is best to have with you any documents confirming your difficult situation. It can be a work book with a letter of dismissal, a certificate from the clinic about your illness, or something similar.
If you manage to convince the bank of your desire to fulfill its obligations, you may be offered several options. This can be a moratorium on payments (usually up to 3 months until you find a job or improve your health), or a decrease in the amount of payments with an increase in the term of the contract, or something else. These actions on the part of the bank are called restructuring, and all your agreements must be fixed in writing.
Remember, restructuring does not relieve you of the obligation to pay the loan.
Step 3
If you refuse to pay on a loan and do not pay attention to calls from the bank, be prepared for harsh consequences. First, you will repeatedly receive a notice from the bank about the debt and a list of measures to be taken. The most serious of them is the bank's appeal to the court, where, as a rule, the issue is resolved in favor of the bank, and foreclosure can be levied on your property, movable and immovable, to cover the debt and interest on it. You can lose your apartment, car, household appliances and even pets.
However, all banks are subject to legal action. Modern practice involves a bank contacting a collection agency, where specially trained debt recovery specialists work. Despite the fact that the activities of collection agencies are not regulated by law, the actions of employees of these agencies are often outside the scope of the law. It can be round-the-clock dialing on your phones with threats of force and other troubles, they can call your relatives, bringing them to a nervous breakdown, etc. The main measure of influence of collectors is psychological pressure on the debtor. As a rule, they manage to achieve their goals, especially if the person is not legally knowledgeable in this matter.
There can be two ways out of this situation: contacting an anti-collection agency, where they will try to help you, of course, at your expense, or going to court for illegal actions of a collection agency. In any case, the decision on the issue of repayment of the loan will be long and painful, so you should not bring the situation with the loan to a critical one.
