Arrears on credit: penalties
Today, loans are very accessible and popular. Many people use this opportunity to realize their dreams, requiring major investments. The loan today you can buy almost everything - car, an apartment, furniture or household appliances. You can "borrow" money for vacation or for the organization of a major event - such as a wedding or anniversary.
As a rule, before making the move,people evaluate their "power". And, usually, he comes to the conclusion that the monthly payments will not make it to labor. But everyone knows what threatens the failure to pay on the loan?
There are times when plans suddenly break- Termination of employment, sudden illness, unexpected expenses - but you never know what can happen in life. And here comes the next payment period, and you understand that to make the payment on time can not. Well, just did!
The minimum delay
Well, first of all do not panic. If the delay is due to "valid" reasons and your not at fault, then, most likely, any sanctions you are not threatened.
What is considered to be such reasons? Well, for example, emergency hospitalization or urgent business trip. Most banks are trying to meet their clients in such situations. He understands that all of us - real people and each may have their own problems.
Generally, the delay in payment for a period of at least five daysusually any "punitive measures" are not followed. The only thing you may face - the denial of the request for the next loan. Well, pay a fine, of course, necessary.
Late payment penalty
All of your relationship with the bank clearly defined in the loan agreement. Therefore you should not rely on such excuses as "forgotten", "did not warn me," "I did not know." They will not help.
Penalties for late payment of credit maybe a specific amount or expressed in interest rate rises - it all depends on your contract. You learned it well before you sign it? In addition, your debt will increase in the daily amount of the fine.
There is another detail that you need to know. As a rule, when making payment, banks write off the debt in a certain sequence:
- penalties for delay;
- monthly fee;
What does it mean?
For example, your monthly payment is 6000rubles. You are past due on it for a few days and did not specify the amount of fines, the bank brought the usual amount. With the first you will write off penalties. Suppose they amounted to 2000 rubles. Thus, in the repayment of the loan that you have only 4000 rubles. And you need a 6000!
That is, you still remained overdue forloan. And it will be assessed penalties again. This write-off system is very profitable to banks. If the customer has no money in full, the unpaid balance will be sure to keep part of the debt, subject to fines. So before you pay off the debt you must contact the bank and find out the size of the fines and the total amount of payment.
Delay of more than 5-10 days
This is considered to have enough serious misconduct. Be prepared for the fact that the bank's employees will regularly "ringing" you and remind you to pay. However, there is another method of dealing with debtors. Some banks do not show activity in the period of initial debt. However, to think that they have forgotten about you - the top of levity!
Some banks are doing it unconsciously - justbecause they do not have enough staff to work with careless borrowers. But there are others. Their principle - "the longer a person does not pay, the greater the amount we get it then."
As a rule, after the second payment delayloan officers on the scene very different offices - the economic security of the bank. Employees of the service debtors explain in great detail exactly what troubles await them in the event of failure their obligations. The tone of communication, as a rule, varies greatly. Do not be surprised if the bank officer will begin to visit not only you, but also your neighbors, family and colleagues. Typically, these methods are hard to produce results - most people are afraid to spoil their reputation and find ways to pay the debt.
Bureau of Credit Histories
By entering into a relationship with the bank, you must rememberand yet another moment. Virtually every person, at least once in your life who took the credit, wound up credit history. And the fact of delay in payment, without a doubt, will be reflected in it. Moreover, in the long delay in your bank will transfer the data to the National Bureau of Credit Histories.
What threatens a bad credit history? The fact that in the future you will not be able to use this service in any of Bank of the country. They just do not want to mess with optional client. Do not you also be able to become a co-borrower or guarantor.
Waiver of loan payments
If all these measures do not have the desired effect, the creditors make final warning - Send a letter of demand. After 30 days from the date of dispatch, they go to court.
Please be aware that lead up to this borrowerextremely disadvantageous. The Court may require the sale of your collateral at auction. A successful bid price is usually much lower than what you can actually "help out" for the bail. If the collateral is not, it may be seized on all your belongings. If the "arrest" nothing may be decided on the dismissal with a certain amount of your salary to repay the loan.
There is another system. After some time the bank can "sell" your debts specialized collection agencies. In this case your debt goes to a new creditor and the bank just writes off its balance sheet.
Well, it's exactly to this better not to bring! After all, the main purpose of collection agencies - profit. And in the choice of methods, they are far less scrupulous than the same banks. Be sure that they will find ways to ruin your life "in full".
What to do if you can not repay the loan on time?
First, and most importantly - do not try to hide. Do not ignore letters and phone calls coming from the bank. Please contact the bank manager, report your problem and call the exact date of repayment of the loan. If, for some reason, make payment immediately, you can not - try to agree on a postponement. Perhaps you will meet.
Sometimes banks even make up for the people involvedin a difficult situation, the schedule of individual payments. And if you are willing to pay directly at least part of the debt, you can try to agree on how to you did not impose penalties or, at least, make them minimal.
Output is always there! You just have to take action and you will certainly succeed.</ P>