Currently, the financial market offers various types of lending. Credit for acute needs, to the vehicle, for real estate, and much more. When a citizen is going to execute a loan agreement, there are no thoughts about the future. From work can fire, salary size reduce, or you can lose legal capacity.
Cash to pay off monthly obligations may disappear, but the credit product itself does not disappear. It is still necessary to pay their credit obligations. But if this is not done, then you will have a debt, and it can go to court. Accordingly, the court will inherent to you the return of funds to the Bank (in most cases).
When the court senses a sentence of debt recovery, the documents indicate a certain amount that must be returned. Many citizens, after receiving a court sentence, believe that this amount is fixed, and you can gradually pay debt. But, oddly enough, the debt continues to grow.
The fixed amount will be only if you, according to the resulting schedule, will correctly make a prescribed amount in strictly defined dates. In this case, interest accrual will not be renewed. If you do not observe the conditions prescribed in the judicial document, the bank has the right to revise the amount of your debt, and accrue interest on a new one.
You need to pay the entire amount of debt in fact. This sum usually includes court costs, penny for delay, and primary debt. If you do not pay the entire amount of the whole, and you will make payments in parts, the penalty will continue to grow, as they are charged on the principal amount of debt. The longer the time passes, the more the amount to repay will increase. If the amount becomes much big, then the banking institution can submit another judicial claim.
If it seems to you that the amount with fines is incommensurably high compared to the main debt, you can submit to the district court a statement about the transfer of the amount to pay. And also try to negotiate with the bank to reduce interest rates. Basically, banks are not interested in legal proceedings, but in the return of funds back. Therefore, the bank can go to the meeting, subject to the shortest possible repayment of the entire amount of your debt.
Of course, we advise you not to bring the case to the court, and not allow overdue payments at all.