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September 24, 2016 23:09

Can plant for non-payment of the loan ?

In the past few years, loans have become to enjoy great success in our country.Still, after a short time you can get a lot of money, such as buying a car.Yes, at the end of the end will have to pay a premium sum, sometimes in excess of the amount of borrowing, but will ride on a brand new car ... Many have come.But not all thinking about what to do in case run out of money and will have nothing to pay.And in vain, because, according to some people, for it can even go to jail!Is it real?

What the experts say?

In fact, people who have worked in the field of lending, do not know a story about how a borrower has been arrested.However, such cases are so few, that they are almost unknown.In addition, the bank will initially take all steps to ensure that you have paid all the money that you have, as well as interest and penalties.This is usually connected collection agencies that are not always within the law, though they break them, too, is extremely disadvantageous.Therefore, collectors are usually eas

ier-they get a phone call and being bullied, and not only you but also your family, and even friends.

But everywhere there are exceptions.For example, a gentleman from Ekaterinburg once decided to take a loan in the amount of 50 thousand rubles.Once the money was in his arms, he did not even think to return the funds and do not make any payment during the year.Initially, the bank turned to a collection agency, but nothing good came of it - the borrower argued that he had no money.Then it was filed.Along the way, it became clear that the citizen taken credit for the passport with a fake stamp of registration, and in addition, provided a lime income statement.Since our hero could not find any property for that to pay off debts, the judge concluded that the citizen acted with intent, which was aimed at stealing money using fraudulent ways, it is not the intention to repay.He was convicted on several articles and he was sentenced to one year in prison.

What does it mean?And what if you do not have property to withdraw in order to repay the loan, then theoretically you can count fraud.However, again, these cases are very few.

How does the bank?

Now let's talk about how the bank operates.

  • In the case of overdue loan you will have to pay penalties and interest accrued in addition to the principal.
  • If this does not occur during a specified period, the bank is likely to give your information to collection agencies.
  • If in this case it does not work, then the bank may pursue enforcement action, with which a foreclosure on the debtor's assets, including securities and cash, as well as periodic payments that it receives due to various legal.In other words, if you get paid, the bank can claim it.
  • is followed by removal of the debtor's property, if any, it has.Then there is an appeal to the state body that registers the right to transfer the property.
  • eviction of the debtor.
  • Criminal liability (in extreme cases).

However, keep in mind that depending on the type of loan you have taken these conditions are subject to change.For example, if you have a car loan, the collateral acts as a car that a bank withdraws in his favor, and then sells that to reclaim their funds