What if there is nothing to pay on the loan

You can advance to accumulate funds for the reserve fund, calculated everything, but face the problem, when the loan is, and money for its settlement there.

If the monthly payment is not large and small loan, consider options quick moneyTo scrape together the money for payment or to repay a loan ahead of schedule, saving on interest.

Much more difficult to have those who have considerable sum. As a general rule, and monthly payment in this big, that aggravates the situation. But in this case, there are several ways to solve the problem.

How to deal with debt

Talk to your bank and ask for indulgence

Bank - your main ally. In the financial institution are interested, that you returned them the money, so there is ready to meet and propose options to ease the financial burden.

Bank staff will be more accommodating if you confirm the documents that the difficult situation caused by the serious circumstances, and not a desire to bargain for better conditions.

debt Restructuring

You will be offered new terms of the loan return. As a rule, we are talking about increasing the loan term. The size of the monthly payment will decrease, and it will be easier to pay off the bank.

In the long term for you is not the most profitable strategy, as you overpay on the loan longer than originally planned. But you will still be able to pay off sooner or later credit.

If once the financial situation will be corrected, simply extinguish the loan ahead of time to reduce the overpayment.

There are other options of restructuring. For example, in the currency of the loan may be converted into Russian rubles at the current rate.

loan refinancing

The bank will issue a new loan on the best terms for you to pay off the previous debt. For refinancing can be accessed and other financial institutions, and not only where you've taken out a loan.

But this should be done on time, if you are already in default of payment, it will affect the credit history. In this case, a third-party bank you will not be welcome by the client, because it can have no doubt that you will return the money.

If you have a lot of credit, and restructuring and refinancing, try to combine them into one - it will be easier to comply with financial discipline.

Foreclosure sale

And an apartment and a car, pledged as collateral, you can sell, but only with the permissionFederal Law "On Mortgage (mortgage)" from 16.07.1998 number 102-FZ bank. A buyer for the property with the encumbrance is not always easy to find, so you may have to put the price slightly below market. However, the purchase and sale will allow you to get out of the situation unscathed: you close the debt owed to the bank, and the rest will take away money itself.

Delivery of collateral property for rent

First of all we are talking about an apartment, for which the mortgage is taken. If your property is located in a prestigious location and has a lot of rooms, you can take it and shoot something cheaper. The difference in payments will go to debt repayment.

It is better to take mortgage apartment with the permission of the bank and officially. Usually the loan agreement prescribes a ban on such actions without the consent of the financial institution, and, if not, it may require from you the full amount of the debt in its entirety.

Delaying payments

Bill credit vacation only without savingThe bill № 655479-7 «On Amendments to Certain Legislative Acts of the Russian Federation" to the State Duma. But now, some banks provide a variety of options deferred payments. Learn more about this at the financial institution where you have given credit. Sberbank, for example, the grace period for the payment of the loan is registered as one of the options restructuring debt.

Depending on your situation and the policy of the bank you can grant an extension of payments on principal and interest, or just on principal.

Please contact the financial ombudsman

In 2018 he appeared in RussiaFederal Law of June 4, 2018 № 123-FZ "On the Commissioner on human consumers of financial services"authorized on human consumers of financial services. Its mission - to help citizens and banks to settle disputes before trial. Appeal to the Commissioner does not release you from the loan, but may make the bank more accommodating.

By the ombudsman is allowed to ask for help, if your debt does not exceed 500 thousand. Also find out whether the bank joined the system of regulation. Until 2021, he may do so voluntarily.

Ask for help from the state

According to lawDecree of August 11, 2017 № 961 for mortgage holders provided assistance from the government. However, this does not affect all. Such support may qualify borrowers whose monthly payment increased by more than 30% - usually it happens when a currency mortgage.

There are other requirements to borrowers, and to property. Thus, studio area should not be more than 45 sq. m dvushki - 65 sq. m, and further treshki - 85 sq. m.

If you approach by all criteria, you may be reimbursed for up to 30% of the balance owed on the mortgage (But not more than 1.5 million), or replace the loan currency Rublev at a much more favorable conditions.

Should I file for bankruptcy

Put this option as long as isprobuete previous methods. Bankruptcy - not just a method of getting rid of debt. You will receive a damaged credit history, lose the entire value of the property and the right to hold executive positions for several years.

In addition, you will have a credit manager, whose services need to pay for a few months.

But if there is no alternative, we will have to declare bankruptcy. Make it can citizens whose debt exceeds 500 000, and the delay in payments - a period of three months. How to act in this situation, already Layfhaker I wrote.

What not to do in order not to make problems

ignore Bank

Arrears will resolve itself. The bank wants to get money anyway. Your debt may sell collectorsWhich do not always operate within the law. It is fraught with annoying phone calls to you and your environment, dubious encounters with strong men and other unpleasant consequences.

The Bank may also go to court and collect from your debts. In the end, we will have to part with the property. And if the mortgage from a financial institution apartment is looming and eviction. Keep in mind that the property will be sold at below market price, and the legal costs will fall on your shoulders.

Take other loans to repay this

If we are not talking about restructuring, the new loan will only worsen the situation. The following month, you can have overdue payments on two loans instead of one. In addition, the deeper you fall into debt, the worse your credit history.

This means unfavorable conditions on loans, if they still are giving you. Therefore, the bank should go, only to solve the problems of the current debt.