How to repay loans, if there is no money - useful advice

Lending is an integral part of modern economic society. We have long been accustomed to the fact that with a shortage of money here and now, you can quickly and easily fill out a loan agreement, sign it, and in an hour you are the owner of a treasured thing or service. Everything is so simple that sometimes we do not even bother to carefully read the conditions on which we receive money, we are sure that we will "pull." But the situation in life happens different, and often today's confidence turns into an elementary lack of funds, and here so inopportunely approached the period of making the next payment. The question "how to repay loans, if there is no money" is becoming more urgent every day for citizens of our country.

There are several options for resolving this situation. So, we simulate the situation: there are loans, there is no money. So how can I repay loans if there is no money?

Option 1

You are sure that the current difficulties are short-lived, and, most likely, you face one missed payment. That is, you do not need the question "how to repay the loan, if there is no money," and only one payment is under threat. The situation is not critical, but it's also not worth it, because one such pass may cost you serious fines in the future. In this situation it is simpler and best to contact relatives and friends. So you will receive money for a certain period, without burdening especially any of your relatives, and you will not spoil relations with the bank. In extreme cases, you can re-lend in another financial institution, but, as a rule, banks do not welcome such a step, and you will lose a lot more on interest.

Option 2

The amount of debt is serious and threatens to pour into big trouble, you do not know how to repay loans. If there is no money, and the payment terms are already on the nose, do not delay with the decision and go to the contact with the bank. There are working people who, as a rule, can enter the position and issue restructuring or "credit holidays". It should be understood that any financial institution is primarily interested in repaying loan funds and interest, rather than depriving the borrower of an apartment, car and so on.

Option 3

If the situation is very critical, you do not know how to repay loans, if there is no money, the bank refused to go to the meeting and threatens to withdraw your collateral, immediately contact a competent lawyer. Many will ask: "How, because a good lawyer costs money, and there are not any?" To argue so is fundamentally wrong. It is better to find money and pay for the services of a professional who, using the relevant clauses in the legislation, will prove that you have a temporary difficult situation, and "beat" in this way a delay, rather than give back the collateral.

The very best way to pay off loans is to take them carefully. This means that you always need to be aware of the fact that a thing or a service is urgently needed to overpay for it? Or maybe you can wait and buy without a loan? If you still made the decision to take money from the bank, calculate all the times, carefully study the contract (especially information printed in small print) and always put in the calculation the possibility that you may have temporary difficulties. Good luck!