When a borrower finds himself in a difficult financial situation, one of the questions that arises is: “What will happen if you do not pay loans to banks, what could be the consequences?” etc. I would like to say right away that it is unlikely to completely get rid of debts, but it is quite possible to reduce the amount of accrued interest and fines. So what needs to be done?
Where to begin?
You should not focus on the reasons for the inability to pay bills. This has already happened, it is much more important to take action and take step by step to improve the situation and your financial situation. If the deadline for not making payments is still not so long, then it is better to immediately try to contact the bank’s security service and clarify the situation, ask about the possibility of debt restructuring, “freezing” of interest calculation and other possible measures. However, it happens that there is work, but there are so many loans that it is not enough to fully contribute money monthly and steadily. Debt begins to grow like a snowball and can only guess
what will happen if you do not pay loans to banks. Nevertheless, I want to remain a normal person, get rid of this bondage and start living anew, without loans and debts.
Action chart
When the main question has ripened about
what will happen, if you do not pay loans to banks, then you need to sit down and calculate all your debt amounts for each bank separately. Collectors regularly call and send letters, so that the exact numbers will not work. In order to at least somehow maintain our moral and mental state, it is better to change the phone number, since the situation is unlikely to become clear from the threats of collectors, but there will be no more money. Next, you should re-register all available property to immediate relatives so that the bailiffs could not pick up anything. It is not worth bringing the matter to the point where the court decides to collect the full amount of the debt. Otherwise, you have to pay the whole debt, and even bear the costs of
legal costs. In this case, the inability to pay a loan is unlikely to interest anyone.
What can a lawyer or anti-collector do?
The lawyer and the anti-collector will be on the side of the borrower in any case, and they will not tell how you can not pay the loan. Their main task is to reduce penalties and fines accrued by the bank. In some cases, if it is possible to prove the
expiration of the limitation period or the unlawful actions of the bank itself, the debt can be completely written off. There are many won cases on the account of these specialists, and they will tell you exactly what will happen if you do not pay loans to banks, they will definitely kill nobody and take away their health, and this is the most important thing. This question is not accepted to advertise or tell at every step. Each situation is individual and there is always a way out of it. It is enough to assure the notary’s permission to the lawyer to represent the interests of the borrower in court and to unsubscribe according to the letters of the collectors, then laws and attorney practice come into play. The borrower's task is to believe in his victory and never again end up in a similar situation.