To date, there is a crisis economic situation in the country, and, in connection with the real lending boom, the question of what to do if there is nothing to pay loans became relevant to the population. The reasons for this very unpleasant problem can be very many: currency rate jumps, job loss, salary cuts, business pressure, etc. However, the question must always be solved.
How to deal with loans, if there is nothing to pay?
When there are a lot of loans, and there is nothing to pay them, you should understand everything and understand what to do. It is worth considering several recommendations regarding the solution of this problem.
First of all, do not start to panic. On emotions a person is inclined to rash actions, which can later be greatly regretted.
In no case should you try to hide from the bank and evade the answers to calls or direct contact with employees. This problem can not be solved in any way, and even vice versa, one can only exacerbate everything.
It will be better if you yourself come to the bank and say that you have nothing to pay loans and the consultant will help together decide what to do in this situation. The bank itself is also interested in repaying the loan, so it will certainly meet, if you yourself begin to worry about solving this problem, and not to shy away from it.
It is important to understand that the debt will still have to be repaid, but while you are looking for ways to solve the problem, the bank can go to meet you and give a loan vacation. Therefore, you will need to write an application for debt restructuring.
Without losing a day, analyze the situation and look for ways out. First of all, you need to focus on new or additional sources of income. It is recommended to undertake any work, just to pay off the debt faster. After solving the problem, it can always be dropped or changed to another.
In case of emergency, try to borrow money from relatives or friends. Although this is not the best way to solve, however, thus, you can pay off the bank, and then pay the debt without interest. But even in this case, do not relax, with debts it is better to settle as soon as possible.
What can not be done if there is nothing to pay for a loan?
When you have to figure out how to deal with debt on loans, a person has a very unpleasant emotional state, during which you can make a lot of mistakes, which later add new and considerable problems. Therefore, we also need to understand what can not be done categorically, solving the issue of debt.
Strongly it is not recommended to take a new loan to pay off the old one. This will not solve the problem in any way, but will only exacerbate the difficult situation. The amount of the new loan will be more, since it will include the amount of old, interest on the previous loan and penalties for delinquency. Accordingly, its repayment will be much more difficult, and thus dig out an even larger financial hole. Not necessary
After the repayment of the debt, so that in the future there are no situations when there is nothing to pay debts, it is necessary to get rid of the habit of living on credit, stop borrowing debts for consumer needs and generally use credit cards. If you resort to lending, it is only in cases where it is profitable or simply vital. But even in these cases it is necessary to study all of its conditions and find out if you can pay it off.