What threatens for non-payment of a loan? Is it possible to not pay a loan, what are the consequences of this approach?
It happens that a person takes a loan from a bank andthen, due to the circumstances or just out of unwillingness to pay, does not make monthly contributions. In such situations, notices from the financial institution can follow one another without results. But the person does not react to warnings. Representatives of the bank usually wait 60 days, during which they give the client the opportunity to pay off late payments, not recalling the debt.At the same time, many clients do not even think about what is threatening for non-payment of a loan to the bank.
Given that life can occurvarious unforeseen situations, there is a certain period for solving the problems that have arisen. Two months is enough to somehow raise the right amount. After the expiration of this time, the organization has the right to apply to the collection firm, and the hard-core debtor is in for a lot of trouble. The bank goes to such an extreme measure only in hopeless cases. Sometimes a visit to a financial institution and a conversation with a manager can give another additional month of delay.It is much easier to negotiate with the bank. They will meet you, they can rewrite the schedule of payments in accordance with your wishes and clarify the risks of non-payment of a loan to the bank.
What risk does the defaulter?
You can extend the loan, for example, for a year, thenthe amount of the monthly payment will be markedly reduced. The bulk of overdue loans are consumer loans, the issuance of which was simplified as much as possible. Previously, banks did not make claims against small defaulters and were tried mainly with legal entities. Now they are fighting for each overdue loan.In each contract there is paragraph 1 of Art. 819 of the Civil Code of the Russian Federation, which provides for the payment by the borrower of the loan amount. It states that the client is liable to the bank with a collateral. It also specifies in detail what is threatening for non-payment of a loan. However, paragraph 1 of Art. 333 of the Civil Code can help a man in a difficult situation to fight with penalties and penalties.
If the situation gets out of hand, andthe malicious defaulter simply does not react to calls from the bank, the employees of the collection firm will visit him and will very culturally explain how wrong a person is and how unpleasant his irresponsibility will bring him.The main sanctions that can be expected in the case ofnon-payments, are registered in the loan agreement, and it is worth very carefully familiarize yourself with this document before you endorse it. In case of temporary difficulties for the main debtor, the amount of the overdue contribution can be paid by a third person, presenting his passport to the bank's employees.
So what threatens for non-payment of a loan? Already the day after you miss the deposit date, a penalty of 0.01% of the principal amount is added to the total debt. It would seem that the percentage is ridiculous, but it is worth considering how much it is charged on a daily basis. It turns out, that it is necessary to overpay much.
It is worth noting that criminal liabilitythe defaulter is not threatened. However, you can lose your property, by court decision it will go to the bank. If you have taken a mortgage and you are in arrears for more than 60 days, the management of the financial institution has the right to expose your apartment for auction. The principal amount will be used to pay off the loan debt. Court costs also have to be paid to the debtor.
Collection company holding a returndebt, receives from the bank 50% of the amount, so the financial interest forces the company to act very hard. It should be understood that failure to pay a loan will not pass with impunity - the consequences can be very deplorable.
Pressure on the debtor
Acting within the framework of the law, collectors begin with an ordinary explanatory conversation on the subject of what threatens for non-payment of a loan.Further, their actions become more aggressive. According to the law, a firm that takes over the debt can go to court. The property of a person who does not pay the debt will be described and sold at auction at the lowest prices.
However, some collectors to avoidjudicial red tape, begin to morally attack the debtor. Various methods are used: bored with calls, warnings, they can report to the place of work or bypass all the neighbors with stories about your debt.
Over a period of time loanswere issued on the basis of a simple application for a loan. No additional data was needed, but experience has shown that the bank needs to protect itself from non-payment of loans. So that the bulk of the funds did not “hover in the air”, the management had to tighten the conditions for issuing loans.
Fraudsters and "honest defaulters"
Banks strictly classify debtors into twocategories. The first is fraudsters who take loans on forged documents and hide from representatives of the institution. They believe that it is possible and not to return the loan - they will not get anything for it. The second category is ordinary citizens who unexpectedly find themselves in difficult conditions. With all their desire, they are not able to pay a monthly amount. Often, such citizens turn to the anti-collection company (of course, not for free) in order to avoid contact with their opponents, since communication with them does not bode well. So, it is absolutely clear that non-payment of a loan turns into big problems. What threatens it and what can happen with the intervention of the judiciary?
If a force majeure situation arises and youoverdue loan payment, do not hide from the bank. It is better to calmly talk with his representative, explain the situation and decide together how to proceed. Sometimes a customer can expect a small vacation. However, you should not be frivolous about the delay granted to you - the amount must be paid without fail, otherwise the bank will go to extreme measures. Many debtors initially do not quite understand what non-payment of a loan is, what this situation threatens and what consequences it can cause.
If your loan is secured by a property, the bankhas the right to demand its sale as soon as possible. Representatives of the organization will seek an auction in court. You should not bring to this, as your property will be sold at a minimum cost. And not the fact that the proceeds amount will cover the total debt with all its penalties and fines. If the court decided to levy a wage, then the debtor is left with only a living wage, and the rest of the money is automatically levied in favor of the bank to repay the loan.
Some people can share their personalexperience, answering the question of what is fraught with non-payment of the loan, what threatens. The forum always discusses all relevant issues in our lives. Here people will tell how they came out of such situations, and give advice. Of course, you can find the answer to the question of whether it is possible not to pay the loan at all. But is it worth doing? After all, now you know what it threatens.
The law allows the bank to transfer a controversial loan to recover the debt of another organization. He is obliged to inform the negligent client about this. Otherwise, the debtor may appeal this decision.
If the bank is satisfied that the customer isa fraudster, he may demand from law enforcement agencies to institute criminal proceedings on this fact. However, in this case, representatives of the financial and credit organization need to prove that such a fact took place.