Accessible finance for the population in the form of bank loans is not only the help for people, but also it has led to that among them there is now a considerable quantity of debtors. How to be, if the bank client doesn’t consult with the obligations under the credit agreement and not in forces to pay off a debt? The vice-president of one of the banks has told, now the financial market of Ukraine has problems with escalating quantity of non-returns under credits.
The adverse economic situation developing in the state became one of the reasons of this phenomenon. Because of it the loan interest rate in some Ukrainian banks has essentially increased, thus the increase has concerned and already arranged credits.
In this connection for many borrowers expenses under the credit have appeared excessive that has led to origin of problems with indebtedness payment under the credit. First of all, the impossibility of debt acquittal under the credit is fault of the borrower which has overestimated the forces and financial capability.
Most of all problems arise, according to experts, with express credits under which treaty provisions the client can receive the finance within 5–10 minutes. For granting of the given category of credit from the borrower is required only the id and the inquiry on incomes. Thus the estimation of ability to meet payments of the client is produced only conditionally. The error of the majority of people also consists in this: they take credit and don’t think of, whether means for its returning will suffice at them. Thus, as the experts report, even the insignificant amount of debt can lead to origin of massive problems. We will give such example. The person takes for car credit for a period of 7 years and pays monthly on 200 dollars (equal parts). Having changed a work place, he faces the situation that at old work the earned money to him has refused to give out, and on a new place he hasn’t earned them yet
Hence, for one month the bank client couldn’t repay the credit. Within the given month to himhave come three written preventions, in last of which threats concerning proceeding were contained, and then unpleasant enough telephone conversation has followed. As result, he got some great penalty. And such examples are not in rarity; the main thing is that from similar cases nobody is insured. Therefore before taking the credit, it is necessary to count all possible variants of succession of events and to familiarize with most widespread situation that may occur.
So and about those very situation we are going to talk right in the second part of these series of articles so if you don’t want to miss anything just keep reading.
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