Situations can be absolutely different, and sometimes there is just not enough money for payment of the credit. In that case the borrower begins to worry that he expects him in the future and what such situation can turn back. Let's try to understand what consequences will arise if not to pay the credit. Experienced lawyers say that if the nobility how competently to behave, then the similar situation is not accident. Now we will try to understand this situation in more detail.
What will not pay if at all the credit?
For a start we will disprove some "horror stories" which are thought out by experienced collectors to intimidate debtors. Often such companies resort to intimidations, threatening the person and his relatives. For failure to pay the credit nobody can be put in prison and even to give probation. Besides, social services cannot take away children, relying on financial insolvency of parents.
In that situation if the credit is insured, and the person cannot pay, then it is the best of all for it to address the credit lawyer who after the analysis of the existing contract, will be able to make concrete recommendations as it is correct to work in such situation. If there is no such opportunity, then it is necessary to understand what it is worth preparing for. Generally, the situation in case of a non-payment of the credit consists of three stages about which we will talk.
- Stage No. 1 – Pre-judicial. If it was necessary to take the credit and then not to pay for it, then at first the bank will politely remind that it is necessary to return the lent money, but over time calls will be more and more serious. The department of collecting or collectors can be engaged in debtors. Per day to the person about several dozen calls will arrive. Often the threats concerning physical abuse sound. Collectors can act diversely, addressing for work, to school of children, etc. It is necessary to tell that methods of psychological pressure can be absolutely different. Lawyers give advice – to write down everything on a dictophone and at emergence of threats to write the application to the police. The more statements, the chance that collectors will leave alone is higher.
- Stage No. 2 – Court. If collectors are not able to force the debtor to return money, then the statement of claim in court will be issued. There is it during the period from six months to one year since the moment as the borrower ceases to pay money. It is worth noticing that if the sum small, then vessels can not be. At first the bank appeals to magistrate's court which takes out the writ without listening of the borrower. You should not worry about it as it will be possible just to write the application for cancellation of the writ and then the new application will be submitted to district court. It is worth preparing that trial can last many months. If to present the legal facts concerning impossibility to pay the credit, then the court can lower the amount of debt considerably. If to declare itself a bankrupt and not to pay the credit, then by a court decision at the person all property in favor of the creditor will be seized and sold out.
- Stage No. 3 – Postjudicial. Let's understand that will be if the person did not pay the credit 3 years and more, after adoption of the judgment. The court appoints the sum which the debtor is obliged to return to bank. In this case bailiffs who can seize property start working or hold 50% of the salary. If there is neither that, nor another, then it will be possible to agree about the suitable scheme of payments. The sense is that any there are more percent and penalties it will not be charged, and it will be possible to pay a debt several decades. It is important to understand that in any situation there are many reefs and unexpected situations of which it will be possible to get out only by means of the lawyer therefore whenever possible in it it is the best of all for situation to address the expert.
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