Credit is one of the most demanded inventions of human thought today. Using funds borrowed at a reasonable interest rate, we have the opportunity to gain access to many benefits today. This includes a new apartment, a car, and even tuition fees at a university. But what if, for a certain reason, we lose a source of income that allowed us to regularly pay off the loan agreement? Is it possible in this case to postpone the loan for a while?
Instructions
Step 1
Analyze the current financial situation and outline the ways out of it. The loss of a stable job or a delay in the payment of wages cannot be a reason for declaring oneself completely bankrupt. If for some reason you are unable to comply with the schedule of payments under the agreement, contact the bank with a request to restructure the loan obligations.
Step 2
Be sure to contact the bank before even the first payment may be overdue. Otherwise, a single delay can ruin your credit history forever. If you stop paying or start paying a lower monthly amount without notifying the bank, your case may be referred to a collection agency specializing in debt collection.
Step 3
When contacting the bank, explain your situation by providing, if possible, documents confirming your inability to repay the loan debt due to the changed circumstances. If you lose your job, you will need a 2-NDFL certificate or a document confirming registration with the Employment Center. As a rule, in this case, the bank offers to restructure debts by reducing monthly payments while increasing the loan term. The interest rate and other terms of the agreement will remain the same.
Step 4
If we are talking about financial difficulties for a very specific period, for example, several months, agree with the bank to defer the payment of the principal or interest on the loan. Usually banks offer to pay only interest within a specified time.
Step 5
If you took out a mortgage, apply to a home mortgage restructuring agency. The main thing is that the agency has an agreement with the bank that provided the loan. In this case, the restructuring agency can provide a soft loan for the amount necessary to service the mortgage for a year. Then you will have to pay off both the main debt to the bank and the debt to the agency.
