Each borrower sooner or later has a reasonable question, what will happen if you do not pay a loan in Lendoff. It is not so important here what circle of problems forced the client to delay the fulfillment of his obligations; in any case, he faced a very difficult dilemma.
It is worthwhile to carefully familiarize yourself with this case in order to know in advance what to expect in the end, and what should be done next.
Legal way to refuse to make a payment
Nobody wants to violate the law of their own free will, in this regard, it is worth considering how not to pay the bank loan taken legally. At the first consideration, this decision may even seem absurd, because under the contract the client assumed a number of obligations. You can solve the problem only by referring to a difficult situation in life.
In this case, the borrower is given the full right to change the schedule for making payments, and in a number of critical circumstances completely get rid of debt.
Bank employees most often meet and try to reduce the debt burden whenever possible, if he finds himself in a difficult financial situation and is not able to pay the loan on time. However, some citizens are wondering: how to deceive (throw) Lendoff and intentionally not pay a loan?
They believe that the loan received is nothing more than a cash gift, but they are very mistaken. The banking structure is interested in repaying the loan amount in full and payments cannot be avoided.
If a client finds himself in a difficult situation, one should not assume that a reasonable solution is to not make payments to Lendoff Bank at all, so to speak, to disappear from view. Everyone needs cooperation, so getting in touch with managers will be the best solution. No one will immediately run to court and try to “poison” the collection services, but quite the opposite: they will offer a real way out.
Here is some of them:
- Change the schedule of monthly payments;
- Postponement of terms;
- Freezing your credit.
When wondering how you can get away from paying for a Lendoff credit card or a loan issued in cash, it is worth checking the status of your reserves. Talking with a bank specialist will give you information that will greatly simplify your life situation.
Adjustment of monthly payments
Credit organizations are trying to loyally approach the problems of their borrowers. An excellent way out is to adjust the amount of the payment made every month. The terms that the client wants to increase are discussed. Increasing the time intervals for the repayment of the loan amount makes it possible to reduce the monthly payment.
The debtors of the bank are not left without attention, therefore they do not need to refuse the terms of the loan agreement. The way out is to rebuild the schedule, which later will help to cope with the problems that have arisen.
Postponement of the payment date – additionally support the client. After all, if you do not make the payment on time, then you will be charged a fine, so discuss the deferral in advance. In this option, they will not refuse you, but we do not recommend abusing the loyal attitude of the creditor. Changing deadlines is a time-tested and effective method.
Loan loan freeze
In this case, the outstanding debt is frozen, the subsequent transfer of funds occurs after the client has the money and in general the financial situation has improved. You need to know that according to the law, the borrower has the right to freeze the loan.
To use this method, it is enough for a person to come to the bank and present the justifications that will make it possible to obtain a deferment, the period of which cannot exceed 3 years.
Bank action to prevent debt
“I don’t cry in Lendoff and everything is calm!” – this is how a certain category of borrowers describe the situation. The reason is the extremely loyal attitude of the bank to the client and the strict observance of the law.
Because of this, the second side is limited in impact:
- Imposition of fines;
- Calls of specialists;
- Security service work;
- Collector services;
Now let’s take a closer look at each point and clarify what will happen if he doesn’t pay a loan to Lendoff Bank, what will he do.
The procedure for imposing penalties is specified in the contract. Also, before issuing a loan, the employee says in detail how much the loan amount can increase depending on the delay. The client can independently verify this information with the manager by calling the bank. Unfortunately, most borrowers are too lazy to study the terms of the contract comprehensively, and then they are surprised at the fine imposed.
Calls of specialists
If the client does not make the next loan payment to Lendoff Bank, then soon the managers will contact you and take an interest in the reasons that led to the delay. In this case, it is better for you to indicate a specific reason, thereby demonstrating a lack of intent. There are clients who try not to answer calls, but this is a deadlock.
Lendoff Security Service
When the problem of non-payment of a loan arises, borrowers usually immediately recall the so-called “debt bouncers,” namely, the bank security service. They believe that these people are sent to the debtor’s address in order to have an effect using physical force.
This, of course, is not the case, the function of the service includes only informing the client by phone. Usually this process occurs by searching for contacts at the debtor’s place of work or making a call to the guarantors so that they inform him of the late payment. Moreover, no one provides specific data regarding the amount or terms, since they are discussed only with the person who took the loan.
All banking and financial institutions resort to the services of well-known collectors if payment of debt to the bank is not timely. After all, the bank, for its part, always contributes to the normalization of relations with the client, but in case of malicious violation of the terms of the loan, it still applies for the services of collection companies.
Their principles of work and actions are not comparable with those of a single financial structure, since they are completely third-party firms and have no connection with the bank. However, their work is so otherwise carried out in accordance with the legislation of the Russian Federation.
If the amount of the debt exceeds the mark of 250 thousand USD, the non-payer can be sure that he will receive a subpoena. Clerical work for him may well end in responsibility, including criminal, although even in this situation the bank is peacefully trying to resolve the issue.
Be that as it may, we do not recommend bringing the situation of non-payments to court. It’s better to resort to the help that managers offer, they, in contact with you, will tell you the best solution.