No one wants to think that his life can change for the worse. Today there is a job, a good salary and an opportunity to improve the comfort of your life. Banks to successful people are ready to give out loans to fulfill their desires. And at this moment, few people think about how to repay a loan if something happens. You can lose your job, your salary can become lower, you can get sick, and crises in our country are not so rare. All this will not give the opportunity to continue working. What can be done in such a situation so as not to lose the collateral and remain in partnership with the bank.
I lost my job and now have nothing to pay a loan. What to do?
Some borrowers, hitting a difficult situation, begin to hide from banks. This is the most wrong decision. The bank will not forget about the debt, nor about the interest, nor about the fine. The best option – this is true information about your financial situation. Despite the fact that the bank has clearly calculated the entire flow of material resources for many years to come, banks are trying to find a common solution with a responsible client. Namely, the fact that the borrower has come and told about the problems that have arisen makes him responsible in the eyes of the banks. It is much more profitable for banks to negotiate with a borrower than to take back collateral, as a credit institution needs money.
If you unexpectedly lost your job and now you have nothing to pay a loan, but you are sure that a new income will soon appear, then the most ideal option is to ask the bank for a loan vacation. During the period of credit holidays, banks give a delay on payments, either completely, or leave only interest to be paid. Most often, the duration of such a delay up to a year. Such a way out of this situation makes sense for those who are confident that their incomes will soon be restored.
Another option that can help in this situation is refinancing consumer loans. This method is better to use when there are several loans in various financial institutions. With this decision, the bank to which the client applied will pay all debts to other credit institutions. Thus, there will be only one creditor, to whom it will be necessary to fulfill the obligations to pay the debt. At the same time, the bank can make concessions and, in addition, to extend the loan repayment period, it can also reduce the interest rate and give a credit holiday. That also helps the client. This method will help maintain a positive credit history. Only apply to the bank with a request for refinancing should be as early as possible, until debts appeared.
As a rule, it comes to restructuring a bank loan in cases where the borrower has problems with paying credit debt, for example, a person was fired from his job and he has nothing to pay the loan. This may be a preliminary application of the borrower to the bank before the onset of the fact of delay, or the execution of the restructuring after payments are overdue, in this case more penalties and fines will be attributed to the principal debt. Read more about the restructuring of the loan in the bank Sherlock Holmes.ru/restrukturizaciya-kredita-v-banke.
1. Most often, today, people take a mortgage loan for a new home. And when incomes are lost, then there is the likelihood of losing housing. To avoid this, it is necessary to think in advance about all possible options. If there is a possibility that the financial situation will soon deteriorate, then it is necessary to apply measures. One of the options is the sale of mortgage housing to repay the debt to the bank. Of course, this will not be the best option, but it will help to avoid further loss of property through the courts. If you have the opportunity to live in another place, you can rent a mortgage apartment. And with the rent to extinguish the loan in the bank. But it should be remembered that while the apartment is pledged to the bank, all actions with it can be made only with the consent of the bank, which must be documented.
2. Another option that can help is to ask for help from the state. In this case, you need to contact the Agency for Housing Mortgage Lending (AHML). This government organization also helps with refinancing loans already received.
In conclusion, I would like to note that all issues can be solved if you don’t hide from the bank, don’t accumulate debts and don’t spoil your reputation with outstanding payments. Even if you lost your job, even if there is no way to pay a loan, as soon as you have problems with payments, you need to take the necessary measures right away, and not wait for banks to be forced to apply to collection agencies or the court.
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