Today, it is probably difficult to meet a person who has not executed a loan at least once in his life. This service of financial institutions is very convenient. It is not always possible to save for good furniture or household appliances. And installment allows you to make a purchase here and now. If we are talking about a small amount, you need only a passport to get a loan. Many take a loan also on cars and real estate. In this case, not everyone can calculate their capabilities. Failure to pay the loan faces penalties. Debt increases exponentially.
We make a loan wisely
A loan is, of course, very convenient. No need to save for the right thing. You can buy it at any convenient time on credit, and payments will have to be made in equal parts. But in order to avoid the question of how to get rid of loans, everything should be carefully considered. The loan must be in accordance with the financial possibilities. Monthly payments can take no more than 30% of the family budget, otherwise you will have to deny yourself normal food and clothing.
Making out a loan, you need to be confident in their income. If a person works informally and is interrupted by temporary earnings, loan processing is hardly suitable for him. Although today small loans are available to almost everyone. Financial institutions are ready to provide services even to the unemployed. No problem, you can get a credit card. This is a special account with a certain limit of funds on it. A person can take money from a credit card for any needs, and then repay the debt with minimum payments. The problem is that not everyone is financially literate. Gaining access to finance, people dispose of them thoughtlessly. As a result, a monthly payment cannot be made. And how to get out of the debt trap, they know only a few.
Big credit - big risk
Those who purchase real estate or vehicles on credit are even more at risk. First of all, it should be understood that we are talking about a fairly large amount. The loan is issued for a long term, and the monthly payment will also not be small. Not everyone is ready to repay within five or even ten years. In addition, you can not be sure even in the most stable source of income.
Today, many large loans are issued in dollars. This is another risk factor. Currently, Russians are seeing instability of the national currency. There are many cases where inflation took people by surprise. Taking a loan of $ 3,000, we had to return a much larger amount. In this case, the question arose: “How to get rid of loans?” Only truly enterprising people managed to solve the problem.
The purpose of lending to banks is earnings. Popular financial institutions value their reputation, so they work with clients honestly. But there are those who lure borrowers with cunning. Many people know the slogan “Credit at 0% per annum”. Such conditions are very attractive. But we should not forget that free cheese is only in a mousetrap. Most often, the services of such a plan involve the payment of a monthly commission of at least 3% of the loan amount. Bank employees do not always tell clients about this when they make a contract. And people, in turn, inattentively read the document that is signed. So then you have to think about how to get rid of loans. After all, the client expects one amount, and you have to pay a completely different amount.
Insurance is another trick of banks. In fact, this service is very useful. If a client fails to cope with his financial obligations for a number of reasons, the insurance company will cover the loan. But that the contract was signed with the provision of such a service, banks do not always inform their customers.
Sell mortgaged property
As practice shows, it is much more difficult to free oneself from large debts on loans taken on real estate or transport. How to get rid of loans legally? There is such a way. You can sell the property that was purchased on credit. Most often, under an agreement with a financial institution, an apartment or a car for the purchase of which money was provided are collateral. This means that property can be sold by agreement with a financial institution. Banks are rarely against such a procedure. After all, the main thing for them is the return of debt.
Notify the financial institution of the intention to sell the apartment or car should be in advance. It will be unpleasant if the buyer is found much earlier than all issues with the financial institution are resolved.
We are looking for a buyer
Finding someone who would like to acquire collateral is not so easy. After all, it is necessary to rely not only on the market value, but also on the need to repay the debt. Most often, you have to set the price of a house or car, commensurate with the balance of the loan amount. How to get rid of loans? The issue is resolved fairly quickly, but the borrower will not win, because he had to pay the debt for several years, and now he is left with nothing at all.
It should notify the buyer in advance that the transaction will take place in the bank. The problem is that not everyone wants to deal with the property that was previously collateralized. People fear the tricks of financial institutions. What if you have to pay the debts of the previous owner? Therefore, any potential buyer should immediately be informed about which property is being referred to. If a person is legally and financially literate, such a purchase does not frighten him. A borrower can find the answer to the question of how to get rid of loans legally.
Sell property together with the loan
Putting a huge amount of money for real estate or a car is not all ready. But practically every working citizen can purchase property together with a loan. The borrower can find a buyer who will gladly pay for his purchase in equal installments. The client of the bank, who does not know how to get rid of loans legally, at the same time only wins. It is worth only reassigning your debt to someone and get the difference between the market value of the property and the balance of credit obligations.
The procedure for the renewal of the contract also takes place in the Bank. First of all you need to lift the ban on alienation of property, and further, the loan is given to a buyer. It is very important to a person acquiring an apartment or a car, meet all the conditions of the Bank. The borrower usually can not be unemployed or a pensioner older than a certain age.
We carry the keys to the bank
How to get out of debt without extra red tape? You can simply bring the keys to the car or apartment in a financial institution. This is the easiest way to get rid of their obligations, but also the least profitable. The borrower informs the bank about the impossibility of making monthly payments and allows the institution to independently manage the property.
In the interests of the bank to return their money, so the property of the borrower often goes for nothing. It turns out that all the funds that the borrower had paid to the bank before were wasted. Can I get rid of loans and still make money on it? Can! One has only to look for a buyer on his own and try to sell the collateral on more favorable terms.
How to get rid of overdue loans?
If for a number of reasons the client has not paid a monthly loan payment, there is a delay. Many financial institutions are loyal to their borrowers and start charging penalties only from the second month of non-payment. But it is worth forgetting about the loan for some time, and the debt will begin to increase exponentially. To pay it with the help of wages alone will not succeed. You can get out of the situation if you issue a loan in another bank for the amount of debt. You can find a financial institution that will provide services on more favorable terms.
In order not to fall into debt trap, you should sign the contract in another bank for a longer period. Thus, the amount of the debt will be divided into equal parts, and the borrower will be able to fully repay the loan in the financial institution in which there was a delay. This method, of course, can not be called profitable. After all, the longer the loan term, the greater the overpayment. But this way you can forget about the penalties.
How to get rid of loans when there are many, and the financial situation has deteriorated significantly? It is worth asking for help from the bank. A borrower who fails to cope with his debt obligations has the right to write an official statement about the impossibility of repaying a loan. It is very important to indicate the reason for this situation and confirm it with official documents. If this is due to a state of health, medical certificates are attached to the application. The reasons why the bank approves the restructuring may be a lot. This is the death of a family member, dismissal from a job of reduction, a natural disaster, etc. The main thing is not to hide from a financial institution, but to honestly tell about your problems.
Restructuring does not imply full cancellation of the borrower's obligations. But he will have to repay the debt on more loyal terms. The loan term may be extended or the annual interest rate reduced.
Contact the anti-collection agency
Today, in a time of economic crisis, are quite common services of special companies which deal with credit debt citizens. Antikollektorskie Agency will help to answer the question about how to get rid of credit when a lot of them. In such organizations usually are professional lawyers who for a fee act as an intermediary between borrowers and financial institutions. However, for people who do not plan to fulfill their debt obligations at all, there is no point in contacting such an agency. Lawyers can only do everything so that the borrower repays the debt with minimal cost. But the money that was issued by the bank, still have to return.
Appeal to court
In most cases, if the borrower does not fulfill his debt obligations for a long time, his loan is sold to a collection company. These are organizations that are engaged in knocking out debts, and it is not always legal. Employees of such agencies may call and threaten the borrower. The only thing that remains is to go to court. A qualified lawyer will tell you how to quickly get rid of loans. The borrower is obliged to provide all documents confirming his insolvency.
Completely get rid of their duty, going to court, will not succeed. Most likely, the borrower will be obliged to pay the loan body. The court will establish a monthly payment, which will not exceed 30% of family income. In this way, it will be possible to return the entire amount of the debt to the bank, and threatening calls will stop.
Hiding from the lender
How can I get rid of the loan forever? Everyone has the ability to hide from lenders. This method is the most dangerous. You should be prepared for the fact that the phone will receive calls with the request to immediately pay for its debt obligations. If the loan amount is impressive, the borrower will be charged with fraud. And this already implies criminal liability.
Anyone feels relieved after getting rid of loans. Lawyers' reviews show that many borrowers, hiding from banking institutions, have become even more troubled because of their financial illiteracy. If the contract is made out for an apartment or a car, the money will still have to be returned sooner or later. Only people who have issued a small consumer loan from a bank can afford to hide themselves. The financial institution will not give up all efforts to return a small amount of money.
Let's sum up
Do not want to contact lawyers and ask: "Help get rid of loans"? Then enter into a contract with the bank deliberately. Even if temporary financial difficulties have arisen, this should definitely be reported to the lender. A prestigious bank will always meet the client. With a large loan, things are even easier. Mortgage property can always be sold. And if you do it right, the borrower will also benefit.