loss of confidence in the bank's quick and easy - just one unpaid loan.The bank does not believe in the word to potential customers, he prefers to trust the credit history, the purity of which is the guarantor of the integrity of the borrower.The outstanding loan is able to spoil any credit history once and for all, the reason for the delay is not important for the security of the financial institution.Potential customers who do not have a crystal clear credit history, as a rule, remain potential - the banks do not need the extra risks.
Despite the fact that often the reasons for the delay does not depend on the borrower's credit history will be damaged.Bad reputation makes it impossible to obtain credit on favorable terms in the future, and for certain categories of persons, eg businessmen, this situation can be quite disastrous.Nevertheless it even if the client is unable to meet its existing commitments, the possibility of preserving the purity of the credit history is - to avoid blacklisting banks will restructure debt.This procedure is a set of measures to enable the borrower who has lost ability to pay credit obligations to fulfill and maintain its reputation.
Salvation client's reputation is not included in the list of banking services
It should be understood that the restructuring of the loan is not the responsibility of the bank.Simply put, the financial institution experts decide the issue unilaterally.Nevertheless, this fact does not mean that the bank does not meet the borrower who got in a difficult situation.If a customer bank evaded credit commitments, then, of course, wait for the loyal attitude of financial institutions is meaningless - in this case, the restructuring can be held only by a court decision.
Any client who has lost the ability to pay, but pay a portion of the amount previously could rely on the restructuring.For this purpose it is necessary to inform the bank about the circumstances in person and in writing.After that, the bank's experts will be engaged in the development of terms of restructuring.On the question of what a debt restructuring, we can give a full response to the financial professional language experts, but it will be difficult to understand for an inexperienced person.Simply put, the restructuring - a set of measures to be applied to borrowers who are unable to pay off existing loans.
As a rule, the bank extended the period specified in the loan agreement and monthly payments vary according to the specific situation.In some situations, to offset the debt taken ownership of the borrower, in addition, a part of the outstanding loan can be written off banking specialists, but the latter option is used only in exceptional cases.
When the bank does not make concessions
If the bank does not show loyalty to the client, the debt restructuring can be carried out by a court decision.In such processes, must be attended by a qualified person representing the interests of the borrower, or the probability of a successful outcome is extremely low.In addition, the terms of the restructuring can be changed by the court.In any case, the restructuring allows you to keep clean credit history and credit obligations to fulfill, but it is important to understand that if the borrower has not previously distinguished by loyalty to the bank, you have, most likely, the procedure to seek a court or submit a claim for cancellation of the credit agreement.