The crisis hit a lot of people: someone cut their wages, and some people lost their jobs. The hardest of all was the borrowers of banks: in addition to ordinary needs, they must timely pay the principal and interest. If you can still deal with consumer loans (repay money from relatives and pay on time loan), then the mortgage is more difficult: the loan amount is large, and it takes more than one year to pay off on it. How to create the right planned family budget and debts regularly extinguish, while not turning into a Mean Knight?
All taken into account
To begin with, it is necessary to compile a list of the entire planned family budget and debts, and to take into account planned monthly expenses - loan repayment, rent, food, transportation, etc.
Cut expenses or give up what is not on the list.
There is nothing to pay?
What do those who lost their jobs and can not pay bills, for example, pay a mortgage? If such a situation arises, do not hide from financial problems. As soon as possible go to the bank, turn to the head of the department for work with individuals. Tell us about your situation and agree on a deferment and payment of debts. If you have a positive credit history, the bank can make concessions: for example, it will increase the loan repayment period, thus reducing the monthly payment; will provide "credit holidays" - full or partial suspension of payments on the "body" of the loan. Thanks to this decision, it is possible to reduce monthly payments on debts by 40-50%, making a normal planned family budget and paying off debts. But it is important to remember that any postponement reduces obligations in the present, but at the same time increases them in the future. Thanks to the bank, you will be able to consider a new planned family budget and loan debts.
If the bank is not helped , and the rates on your loan have lost their relevance (there were more favorable offers on lending), then it makes sense to think about refinancing, that is, about changing your credit program to the optimal one. However, you need to take into account all the nuances.
Dear whimsy
Have you ever heard the expression "stupid loans"? So called consumer loans, taken, for example, for the purchase of household appliances, expensive fur coats or a sports car.
According to experts, most often they are taken by people inclined to impulsive purchases, and those who do not know how to really assess their financial capabilities.
In order to avoid troubles with the bank in the future, we recommend that you listen to the following tips.
Before you take the debt, evaluate how much you need it. Think about whether you can repay the loan in a timely manner. In this case, it is desirable to calculate the exact amount that you are going to pay to the bank without prejudice to the family budget.
Carefully study all the information on the planned family budget and debts, credit and the conditions of its servicing.
Do not blindly follow the advertisement, which always emphasizes that to issue a loan simply and quickly. Never rush to sign a contract.
Seven times measure
What should not you do when you do not "accidentally" get to the bank in a debt hole? Do not take credit without the urgent need for it. If the monthly costs of repaying the loan seem too large, it is better not to take it at all. For example, if the total monthly payments for a loan exceed 30-40% of your income; if after the repayment of the loan there is not enough money to meet the basic needs (rent, food).
Do not take express loans. When it comes to expensive goods, make out a loan is not in the store, but in the bank.
Take the loan for the least possible time for you, then it will be cheaper. To make payments on the debt as small as possible, pay as much as possible a down payment. Return the debt to the bank in due time. Otherwise, you will be exposed to a penalty for delay in the amount of a double interest rate on the loan.