often desire to get what you want today and now does not allow a person to think soberly their potential, in particular, pay.Or the dramatic changes in life (job loss, illness, and so on. D.) Create a situation where no money to pay the loan.Naturally, every bank customer knows that the failure of debt entails adverse consequences.Almost all debtors tormented by burning question: "What happens if you do not pay the loan to the bank?"Try to understand this difficult situation.
Each agreement concluded between the borrower and the lending institution, clearly defined terms and conditions of repayment.It stipulates which parts in what period it should happen.Also indicate the amount of interest that will be charged in case of late payment of the debt.Then what will happen?If you do not pay the loan on time, the representatives of any bank in the early days are absolutely correct: politely notify the customer of the amount of its arrears.Also notified of the date the payment is made, the amount of which is already becoming a bit more because of the penalty.
If a person does not pay the loan, and then, after a certain period (which is also specified in the contract) and financial management of the credit institution is in one of two ways.In one embodiment, the bank instructs to do debt collection collection company.Representatives of these institutions are renowned not only for its persistence and annoying behavior.Often they do not pick polite phrases in order to explain to the debtor that he is waiting for.What happens if you do not pay the loan to the bank and the next?Constant phone calls (even at night), stories that you'll take home or car - it's not the only ways of psychological attack.
However, it should be noted that many banks are reluctant to take extreme measures.Therefore, in order to keep their nerves, things and property safe and sound, the first thing to come to the institution that issued the credit, and its representative to explain what reasons caused the inability to timely repayment of debt.If the customer is in possession of confirmation of unforeseen circumstances, and they are really significant, often go to meet him.
In many cases, the penalty may be canceled or given a reprieve.Then you do not have to wrestle with the question of what will happen if you do not pay the loan.Keep in mind: the bank's representatives have every right to seek assistance from officers of the court.According to the court, they can appear before the debtor has to seize his property or remove it.This turn of events is very sad for the debtor, because will have to part with the property to be valued far below its value.In addition to the amount of the debt, in addition to interest and penalties, and the cost will add another legal costs.
