Because of the ease of obtaining loans, many citizens today live on credit since they can not afford to buy expensive goods that are necessary and that they just want to have in their homes (by the way, today they are also increasingly purchased through mortgage lending programs).
Most of the profits of financial organizations are obtained by issuing loans to the population and legal entities. To attract customers, banks advertise their products and try to present them as profitable as possible. Before making a loan, everyone should understand that the Bank tries to get the maximum profit for itself through any loan.
A superficial bargain can actually be very expensive. Many citizens “buy” on favorable offers, some even go to the registration of several loans, and therefore it is not surprising that such borrowers may have serious problems with repayment of debt to the Bank, especially during the economic crisis.
Debts, even the most insignificant, no Bank will forgive the borrower. The fact is that the Bank usually issues loans not with its own money, but with borrowed funds. This can be funds from deposits, loans received from other financial organizations, and so on. If the Bank does not receive payment from the borrowers, it will not be able to fulfill its obligations. This also explains the high-interest rate in cases where the borrower goes to the conclusion of a risky transaction.
When the borrower has debts, the Bank punishes him with fines, the amount of debt gradually increases. Often, citizens simply try to hide from the lender. The difficult situation of a person in this case only gets worse. The lender, when it can not deal with the client amicably, goes to extreme measures debt collection through the court. In some cases, the court may be beneficial to the debtor, as it can file a counterclaim and ask to reduce the amount of fines, and sometimes even cancel them altogether.
Appeal to lawyers
When there are debts, few people know how to behave correctly. At this time, a person needs qualified legal assistance. If there are problems, it is best to immediately go to a lawyer who deals with issues related to credit debts. Even during the first consultation, the specialist can give useful recommendations, following which it will be possible to solve the issue with debts, without bringing the situation to pre-trial proceedings.
If the issue was not resolved amicably, and the creditor still went to court, it will be possible to conclude a contract with a lawyer, under which he will speak at meetings on the side of the debtor. A professional lawyer will always defend the interests of his client and will make every effort to get the court to reduce fines, the most favorable terms for repayment of credit debt.