Rus Articles Journal

What will be if not to return the credit to bank?

In life of each person come sooner or later the moment when money ceases to be enough. At it moment it is a lot of legs, each of which steps on you much stronger previous, pressing into a bottom of a financial abyss more and more deeply. There are several ways to bypass this significant event and not to get into tenacious paws of need. One of them is to take the credit in bank. Crediting of the population becomes very popular recently, however the few reflect what terrible consequences can comprehend the borrower in case of his inability to pay the credit. Also it would be desirable to talk about it today.

When the person takes the large credit in bank, he, for some reason, sacredly believes in cloudlessness and stability of the financial future. My friends, be not under a delusion! It is absolutely impossible to plan the income for many years ahead. If you decided to take the credit, try to provide all chances, and cases such great variety. For example, it is possible to ache, and our medicine will cure your usual cold so that you will lose any opportunity not only to breathe through a nose, but also to work fully. You can be crippled, God forbid, lamps on our streets is a big luxury (I not about Moscow), and any morons meet much. Eventually, it is possible just to lose good work. Against all these troubles there is one panacea - it is an insurance (including from loss of the income ), if you insure the life and health for the large sum, then the insurance company (or you at the expense of an insurance) itself will pay off bank for the outstanding credit.

If money for repayment of the credit ended, and you have no insurance, then immediately (!) run in bank and tearfully beg misters - bankers about delays of payments at least for several months without penalties. Most often banks with rare understanding treat a grief of the client and meet halfway. In case the delay did not bring in you long-awaited incomes, there are two possible options of succession of events: the first - you come to bank, declare the full insolvency and voluntarily sell pledge; the second option, more dramatic - you decide to disappear from bank, fondly believing that it will rescue you and your property.

If you gave up voluntarily, then the bank will not insist on urgent sale of pledge, and will give you on it before half a year of time. Keep in mind that to look for buyers on pledge you awake, the bank will only agree to you to the transaction, and his representative, perhaps, will be present at its commission. Until you sell the pledge, the bank will continue to charge to you percent so the quicker you will sell the property, the better.

If you moved in races, then the bank will be filed a lawsuit where, unambiguously, will carry the case. At the same time your presence on process is not obligatory. Then to you angry bailiffs will come, at any cost will describe and will select your property then it will be sold at the auction (pledge sale, by the way, can happen and without notice the borrower). It is possible to recognize such transaction invalid only if you are able to prove that you were not in court for a good reason, for example, were unwell. If as pledge sold your apartment, then you within 10 days are obliged to free it, otherwise there will arrive a new owner with the same angry police officers and will move you literally on the street (under the new Housing code it quite possibly)!

After pledge sale the bank can take away to itself only that part of money which you ran into debt as a principal debt plus percent and possible penalties. You receive the rest back. It is one more argument in favor of a voluntary appearance, so in case of sale imushchestvapo to court its market value decreases approximately half. Plus to it you pay a huge penalty to bank for delay (to fugitives of any mercy!), and also for legal costs: the state duty, the commission of bailiffs (7% of pledge cost), the commission for a pre-sale assessment of property and the organization of the auction.

Generally, you remember that when you take the credit, you take others and for a while, and it is necessary to give the and forever.

Take care!