Legal ways do not pay for a loan.

For credit products, many are currently treated. And quite often, people have a question — and whether legitimate ways exist in order not to return funds taken from the bank. It may be that the unexpected situation in life happened, and just nothing to pay.

If you have been reduced at work, or the size of your wage has decreased, and monthly payments in normal mode must be paid.

Provide documents in writing confirming the complex financial situation.

Currently, there are various offers from banks. For example, credit holidays. The bank provides you with the opportunity to delay the payment of your credit commitments to six months. Usually, credit holidays are provided with an unforeseen situation, or as an additional service. This is a grace period for citizens in which they can either pay a reduced amount or not pay at all.

If you have several loans in different banks, or the loan you took not on favorable terms, and under the high percentage as the only proposal, you can reduce the interest rate using refinancing, combine several credit products into one, and reduce the amount of monthly payments.

It is worth considering the fact that with a decrease in the amount of monthly payments, the period for repayment of the loan is most likely increased.

There are factors such as diseases, disability, or even the death of a person.

Currently, when issuing a loan, many banks provide their borrowers insurance service. Under insurance cases implies diseases, disability, loss of work. When an insured event occurs, if the insurance service was connected at the conclusion of the contract, you can contact the insurance company, with confirmation of the current situation. And the insurance company should pay off your credit obligations at the expense of insurance funds.

If the sum of your credit products is more than 500 thousand rubles, you can issue a bankruptcy procedure. It is worth remembering that in this case you can not have any property, vehicles, real estate. Otherwise, they will be written off on account of your debt. Also, it is not necessary to work in the design of the bankruptcy procedure. If you still decide to design this procedure, learn carefully all the consequences.

In the event of death, respectively, a person will no longer be able to pay their credit obligations. But his duty passes relatives who come into inheritance. There are two ways to do not pay on the loan. The first to give up inheritance. If you do not enter into inheritance, then the credit is transmitted to be you. The second is if the amount of the inheritance turns out to be less than the credit itself. In such cases, you provide a certificate to the bank, and the loan will not pay you.

Also, there is the easiest way — just do not pay. To say that it is completely legal, since you sign an agreement with the bank. And in this contract you indicate the fact that we undertake to pay money to the bank.

But, there is a limitation period for a loan. Namely, if 3 years after your last payment, the bank did not apply for you to the court, then this term comes. For which you, in fact, can not pay your credit obligations.

But do not forget that these data will fall into the credit history bureaus, and will negatively affect your credit history.

Now you know how to do if you have a similar situation. However, it is best to accumulate solvency before making a loan agreement to get rid of such issues in the future.