What will happen if you do not pay a loan?
The credit system is now quite goodis developed and enjoys deserved popularity both among the population and among organizations. The financial loan scheme developed by bank experts covers almost all issues that arise in this market of services. Currently, a large number of various programs are offered: consumer, mortgage, education and many others.
But what will happen if you do not pay the loan and violateagreement with the bank? What actions will the bank take, and how soon will this happen? Will this lead to termination of the contract or loss of collateral? What real consequences can be if you do not pay monthly installments on time? We will try to consider options for the development of such situations.
But if you are having temporary financialdifficulties, that is, a real opportunity to receive a deferred payment. For example, you can make a written application to the bank's management with a request to change the repayment terms of the loan, indicating the reasons why it can not be paid on time. The decision will depend on the bank's policy towards non-payers.
If you really do not have the opportunitypay a loan even in the distant future, then we must act according to the law. If the amount of debt exceeds the total cost of collateral, the bank will file a claim for damages and try to delay the process as long as possible in order to collect as much as possible interest. But too long consideration of the claim is not included in the plans of the bank, since after three years all financial claims to you will cease.
Try to make monthly amounts in the amount,which corresponds to your income - for the court and the bank is important the fact that you do not refuse to pay, but simply can not. Now the court decides what will happen if you do not pay the loan.
Maintain official correspondence, if anyneed for discussion of the statement of claim. Do not pay attention to the collectors, the maximum that they can - it's boring you on the phone, which you can simply turn off. If you do not have the property that you are registered for, and you have nothing to sue, then you just have to wait for the court decision.</ p>>