Today loans are very accessible and popular.Many people use this opportunity to realize their dreams that require serious investments. Today, you can buy almost anything on credit - a car, an apartment, furniture or household appliances. You can "borrow" money for a vacation or to organize some important event - for example, a wedding or an anniversary. As a rule, before taking this step, a person evaluates his "strengths". And, usually, comes to the conclusion that monthly payments will not be difficult for him. But does everyone know what the consequences of a late payment on a loan are? There are situations when plans unexpectedly fall apart - dismissal from work, sudden illness, unforeseen expenses - you never know what can happen in life. And then the deadline for the next payment approaches, and you understand that you will not be able to make this payment on time. Well, there is simply no way!

Minimum Delinquency

Well, first of all, there is no need to panic.If the delay occurred for "valid" reasons and it is not your fault, then most likely you will not face any sanctions. What is considered such reasons? Well, for example, emergency hospitalization or an urgent business trip. Most banks try to meet their clients halfway in such situations. They understand that we are all living people and everyone can have their own problems. In general, a payment delay of less than five days is usually not accompanied by any "punitive measures". The only thing this can threaten you with is a refusal to request the next loan. Well, and you will have to pay a fine, of course.

Penalties for late payments

All your relationships with the bank are clearlyare regulated by the loan agreement. Therefore, you should not count on such excuses as "forgot", "I was not warned", "I did not know". They will not help. Penalties for late payment of a loan may amount to a certain amount or be expressed in an increase in the interest rate - it all depends on your agreement. You studied it well before signing it, right? In this case, your debt will increase daily by the amount of the penalty. There is one more detail that you need to know. As a rule, when making a payment, banks write off the debt in a certain sequence:

• penalties for delay;
• monthly commission;
• interest;
• debt.

What does it mean?

Let's say your monthly payment is6,000 rubles. You are several days late and, without specifying the amount of penalties, bring the usual amount to the bank. The penalties will be written off from you first. Let's say they amount to 2,000 rubles. Thus, you have only 4,000 rubles left to repay the loan. But you need 6,000! That is, you still have a delay in the loan. And penalties will be charged on it again. This write-off system is very profitable for banks. If the client did not pay the full amount, then the unpaid balance will necessarily contain part of the debt subject to penalties. Therefore, before repaying the debt, you must contact the bank and find out the amount of the penalty and the total payment amount.

Overdue more than 5-10 days

This is already considered quite serious.misconduct. Be prepared for the bank employees to start regularly "calling" you and reminding you of the need to pay. True, there is another method of working with debtors. Some banks are completely inactive during the period of primary debts. However, to think that they have forgotten about you is the height of frivolity! Some banks do this unconsciously - simply because they do not have enough staff to work with negligent borrowers. But there are others. Their principle is "the longer a person does not pay, the more money we will get from him later." As a rule, after the second delay in payment on a loan, employees of a completely different department - the bank's economic security - come on the scene. Employees of this service explain to debtors in great detail what kind of troubles await them in the event of failure to fulfill their obligations. The tone of communication, as a rule, changes greatly. Don't be surprised if a bank employee starts visiting not only you, but also your neighbors, relatives, and co-workers. Usually, these tough methods bring results - most people are afraid of ruining their reputation and find ways to pay off their debt.

Credit history bureau

When entering into a relationship with a bank, it is necessaryRemember one more thing. Almost every person who has ever taken out a loan has a credit history. And the fact of a late payment will undoubtedly be reflected in it. Moreover, in case of a long delay, your bank will transfer this data to the National Bureau of Credit Histories. What is the threat of a bad credit history? The fact that in the future you will no longer be able to use this service in any bank in the country. They simply will not want to deal with an unreliable client. You will also not be able to become a co-borrower or guarantor.

Refusal of loan payments

If all these measures do not produce the desired effect,then the creditors give the final warning - they send a demand letter. 30 days after it is sent, they go to court. You should know that it is extremely disadvantageous for borrowers to let things get to this point. The court may require that your collateral be sold at auction. And the auction price is usually significantly lower than what can actually be "earned" for this collateral. If there is no collateral, then all your property may be seized. If there is nothing to "seize", a decision may be made to deduct a certain amount from your salary to pay off the loan.

Collector agencies

There is another system.After a certain time, the bank can "sell" your debts to specialized collection agencies. In this case, your debt will be transferred to a new creditor, and the bank will simply write it off the balance sheet. Well, it is definitely better not to let it come to this! After all, the main goal of collection agencies is to make a profit. And they are much less scrupulous in choosing methods than the same banks. Rest assured that they will find ways to ruin your life "to the fullest extent".

What can you do if you can not repay the loan on time?

First and foremost, don't tryhide. Do not ignore letters and calls from the bank. Contact the bank manager, tell them about your difficulties and give the exact date of loan repayment. If, for some reason, you cannot make the payment immediately - try to agree on a deferment. Perhaps they will meet you halfway. Sometimes banks even make an individual payment schedule for people in a difficult situation. And if you are ready to pay at least part of the debt at once, you can try to agree that you will not be subject to penalties or, at least, that they will be minimal. There is always a way out! You just need to start acting and you will definitely succeed.

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