Credit debts: checks and maturities

2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16

The procedure for repayment of debts is usually established by a loan agreement, which is concluded between the client and the banking organization as part of the loan processing. Conditions may be different depending on the institution with which cooperation was established. The key parameter of loan repayment is the date of deposit of funds and their amount.

In the article, we will consider what credit debts are.

Payment date and maturity

The term of the loan debt is determined by the last specific day of each month, for example, before the tenth, fifteenth or twenty-fifth day. In a number of situations, this date can be changed and tied to the moment of receipt of wages. Banks often meet halfway, as it is beneficial for them that the issuance of salaries is close to the day of repayment of the debt.

It should also be taken into account that, depending on the nature of the payment, the transferred funds may arrive at the bank account within several days (usually from one to three days). ATIn the event that a person deposits money not at the cash desk of the organization from which the loan was taken, then the payment must be made in advance so that the money has time to get into the account by the required date. Against the background of a delay in the return of funds even for one day, many institutions impose fines in the form of fixed amounts or interest for each day of delay.

Let's consider the most famous - credit - debt.

Card debt

Credit plastic is a very convenient way to make purchases of goods and pay for services. Thanks to this, you can withdraw cash at any time. This makes it possible to acquire any necessary things almost immediately, without waiting for the moment when it is possible to accumulate enough money for a particular purchase. But the contract in this case is drawn up on certain conditions and requirements that the client should fulfill. Otherwise, credit card debt may form.

So, why can a person have a card debt? Such products have their own characteristics in each bank. Despite the fact that the law regulates the operation of banking structures on credit cards, the conditions in each organization can vary significantly. In this regard, as part of the execution of a card agreement, it is extremely important to pay attention to the conditions offered by a particular organization.

The following are the basic concepts of credit debt that every borrower needs to know and know how they work. So, we are talking about the payment, settlement and grace period. Whatfor the latter, you need to know about its timing, and in addition, about what financial transactions it applies to. It takes into account, among other things, the mandatory payment and the features of its formation. An equally important concept of credit card debt is the commission for depositing and withdrawing funds, along with the cost of service, fines and pen alties provided for by the agreement.

These are the basic concepts that need to be discussed with the manager before signing the agreement. Thus, it will be possible to avoid unpleasant consequences within the framework of using the card instrument and profitably carry out your personal financial activities.

Mandatory payment

This payment of credit debt is the amount that the bank expects from the borrower within the specified period. Skipping a mandatory payment for at least one day will result in serious consequences in the form of fines and pen alties. For example, a person may be charged a pen alty in the amount of five hundred rubles for not fulfilling the condition of the document, and a pen alty is calculated from 0.1 to 1-2% daily of the amount of the overdue debt until the money arrives in the bank.

Compulsory payment, as a rule, is formed at the end of the billing period and usually amounts to five to seven percent of the total debt. This figure includes a portion of the underlying debt along with the amount of the loan, commission, fines and pen alties.

What other bank debts are there?

Card maintenance fee

As long as the credit card is an active instrument, itcharge for annual maintenance. This is a fee that is required to be paid once a year for the fact that the client uses plastic. A different cost is assigned based on the terms of the agreement. Usually from five hundred to two thousand rubles.

At the same time, it is extremely important to separate the concepts of blocking plastic and closing a loan agreement. Many borrowers believe that since the card is blocked and they do not use it at all, then no debt to the bank can arise.

But money is usually charged not so much for the use of plastic, but for the fact that the borrower has a card account in a banking structure. Therefore, if a person decides not to use the card anymore, it is necessary to notify your banking organization about this and terminate the corresponding agreement.

Credit debts to Sberbank

In the event that a client wishes to find out his debt on a loan at a branch of the financial institution in question, he can use the following three methods: by phone, via the Internet or make a personal visit.

You can find out the debt through the Network only if the person has an Internet banking service. In this case, detailed monetary statistics on loans can be seen on the official website directly in your personal account. Among other things, at any time you can connect to the Internet bank for yourself. To do this, it will be enough just to write a statement at the department of the relevant organization or call the support service.

Forin order to find out the debt on loans, you can simply call the branch using the hotline numbers, which can be found on the official website of this financial institution. And finally, you can simply visit the nearest office to contact the responsible officer, who will certainly make an extract on the debt.

What will be the consequences if the debt is not paid?

Are there courts for credit debts?

In the event that the client cannot repay his loan due to some specific life circumstances, and not just maliciously, then employees recommend not to be afraid of anything and immediately tell about the problem.

If you do not pay at all, then the consequences for the person in debt will be very deplorable. It is well known that Sberbank does not stand on ceremony with debtors, and in cases of refusal to amicably resolve the situation, it immediately takes this or that person to court.

True, in the event that the client has the opportunity to make a payment on the loan and he informs the bank about it, the organization may refuse to send bailiffs to the debtor in order to recover funds, even when it has already been issued a court verdict and a writ of execution was served.

How is credit debt collected?

More about debt collection service

Department for the implementation of work with bad debts of clients deals with borrowers who do not make payments on loans, as a rule, for more than six months. Similar divisionspresent in every city. In order to contact this service, you must contact the contact general number indicated on the site. It is not possible to find out the personal phone number of the collection service, since these bank employees call debtors from different numbers.

Does Sberbank sell debts to collectors?

The answer to this question is yes. Sberbank sells debts of individuals to collectors. Usually they are given only completely bad debts when the delay is more than one year. Before this period, the financial institution tries to solve the problem on its own. The debt is being sold in the form of tenders, in large numbers at once, to a variety of relevant agencies, who are sent an offer to participate in the buyback.

Center for writing off credit debts

This service handles the bankruptcy of individuals. Some fear that such a “ruin” will be a stigma for life, but this is absolutely not the case. The law establishes only three restrictions, which completely disappear after five years. Thus, after this period, the life of the borrower will literally start from scratch.

Credit Debt Recovery Centers help citizens file for bankruptcy so they can start over. Such services specialize in such issues and are aware of all the pitfalls. They employ lawyers along with financiers and arbitration managers, which allows the procedure to be carried out safely and under control.

Usually unsolvable casesdoes not happen and for everyone there is a way out of the situation. The Debt Recovery Center helps you get the most out of your bankruptcy laws. The relevant organization is usually contacted:

• Various entrepreneurs whose business did not go well for whatever reasons and circumstances.
• Debtors burdened with consumer loans, microloans, etc.
• Borrowers whose mortgage was sold at auction.
• Debtors on loans and receipts from individuals.

How to check credit debts?

Verification methods

You can find out the amount of funds that need to be returned in the following ways:

• Appeal to the office to any bank employee.
• Call banking specialists on the line. It is usually free.
• Such information can always be found in your personal account on the website.
• It is possible, among other things, to send SMS with a request for the amount of debt.
• Checking through an ATM or terminal.
• Connection of SMS-mailing or electronic notification.
• Such information can be found on the FSSP website (this is relevant in advanced cases when it comes to court).

How to find out credit debts is interesting to many. Of course, everything directly depends on the banks. In a number of them, you can always find out the debt in any of the above ways, and in others, only if you contact the office. In any situation within the framework of issuing a loan, the client mustprovide a memo that will list all possible options. In the event that there is none, you must go to any branch of a banking institution and ask for it. How can you find out about your debts from bailiffs if a person has not paid for a long time and the case has managed to reach the court? In such a situation, you can find out how much and to whom a person owes money directly on the FSSP website.

How can I simplify the process of repaying a credit debt?

Restructuring

As part of solving problems with loan defaults, Sberbank has a number of tools, including:

• Renewed contracts.
• Granting a grace period for the payment of funds.
• Availability of an individual repayment schedule.
• Debt restructuring.

Prolongation is an extension of the term of the loan agreement. As part of a mortgage, the term can be extended by ten years, but not more than thirty-five years in total. For auto and consumer loans, the terms of validity can be extended by three years, but not more than seven years. Due to this, the amount of the monthly payment is reduced, which makes it possible for the debtor to return to the payment schedule. At the same time, the overpayment on loans will, of course, increase.

Deferment on the payment of the underlying debt is given, as a rule, for up to two years. This gives the debtor the opportunity to pay only interest in the form of the minimum amount necessary to fulfill his obligations to the bank. The disadvantage of this method is that induring the grace period, the amount of the debt does not decrease, and upon its completion, you will also have to continue to pay the entire amount of debt and interest on it.

Individual payment schedule is suitable mainly for businessmen whose income is associated with seasonal factors and business circumstances, against which there are problems with payments in the so-called "off season". Not monthly, but quarterly or minimum payments may be established for several months or large at the end of the half year. Among other things, Sberbank may establish simplified conditions for payment. This financial institution also sometimes changes the schedule from differentiated to annuity, and vice versa.

Restructuring of debt on loans in this institution allows conscientious borrowers to maintain a positive history even if they find themselves in a difficult life situation and are temporarily unable to fulfill their obligations. As part of the confirmation by the bank, in addition to an application with explanations, documents in the form of a labor certificate with a note on dismissal, a medical certificate, a certificate of salary reduction, etc., depending on the situation, will be required.

In the event that the debt appeared due to the fact that the client had taken on too many loans and now he is not able to make payments, the financial institution can meet halfway and give the opportunity for restructuring. In order to confirm, the bank will require loan agreements and statements on making payments on them.

Most applications forrestructuring by Sberbank, as a rule, is approved if justified reasons related to the impossibility of payments have been named. The maximum percentage of refusals is observed among car loans, in such a case, the bank offers to sell the car (especially if it is very expensive) and pay off the corresponding debt.

In order to find out all the requirements for this service at Sberbank, you need to call a special number, and it is best to immediately go to the branch, collect the necessary documents and write an application.

Refinancing

Recently, lending rates are regularly reduced. A year ago, those were twenty, and now - fourteen percent. Refinancing has now become very profitable. Recently, the Central Bank has been regularly reducing the rate, which leads to cheaper debt.

The new financial institution pays off the client's debt and concludes a new contract with him. This, as a rule, is done at a lower percentage, however, sometimes for a longer period, so as not to be at a loss yourself. It will still be more convenient for the borrower, since he will pay several thousand less per month.

This procedure is usually not fast, it takes a month and a half. A citizen will have to re-collect all documents, as is usually the case with a regular loan. You can refinance several loans at once and simply combine them into one.