Payment problems with a loanOn November 2, 2019 by admin
All kinds of situations can arise in a human life, causing payment problems with a loan. These payment problems can lead to arrears on the rent, mortgage, energy costs, health insurance and a loan. The backlog can run so high that serious problems arise.
With a loan you have made an agreement with the lender about the installments to be repaid and the interest that you have to pay on the borrowed money. If you are in danger of encountering payment problems, you must take action. It is best to contact your intermediary or lender and discuss your situation.
You may be able to make an arrangement with the lender to prevent or limit the backlog. If a backlog has already arisen, you may be able to catch up with additional agreements. It is different for each lender which scheme they can offer, in addition, the solution also depends on the reason for the backlogs. Often a solution is sought based on your personal situation.
Prevention is better when healing is often said. Unfortunately, this is not always possible for everyone. Practice has learned that the sooner you identify the problems and, in particular, make them open to discussion, the greater the chance of recovery. In addition, intermediaries and banks are more willing to think along and work with you if you make it negotiable in time. So do not hesitate and contact us!
Do your payment problems incur?
If the payment problems go further than just with the loan, it is important to gain timely insight into your own situation. Try to keep an overview and to start a conversation with your creditors. On the site www.zelfjeschuldenregeling.nl you will find all relevant information on how you can try to get a grip on the situation again.
Insoluble payment problems
The Payment problems with a loan nevertheless take on major forms and the situation seems hopeless. Then in all likelihood you have already gone through various agreements with the lenders or collection agencies. And if that moment comes when you no longer like it, then you may be eligible for debt restructuring.
If necessary, if you find this out yourself, you can engage a debt counselor or it will be assigned to you. The debt counselor will not only look for a solution for your financial problems, but also for the cause of your payment problems and how they might be prevented in the future.
After the situation has been thoroughly assessed, a debt counselor will first try to find a solution with your creditors. This is the so-called Amicable (MSNP) process. If this does not work, the help of a judge will be asked for a solution. This is the so-called Legal (WSNP) process. You can find more information or this process on this site: www.bureauwsnp.nl
It is always first considered whether a path for Amicable Debt Assistance for Natural Persons, or MSNP for short, can be started. This is a voluntary process for both you as a debtor and for creditors. The debt counselor will make a payment proposal to the creditors and if all creditors agree, the scheme can start. This process is carried out extrajudicially, so without the intervention of a court.
If it is not possible to reach an amicable agreement with the creditors, in other words, one or more creditors does not agree with the payment proposal made by the debt counselor, a solution will be sought from a judge. This concerns the legal process through the Natural Persons Debt Restructuring Act, in short the WSNP process. If the judge has decided that you will be admitted to the WSNP, an administrator will be assigned to you by the same judge. This ensures that the scheme is properly and legally implemented.
Take out a loan for payment problems
Taking out a loan with payment problems is often unwise. By taking out a loan, the problems seem to be resolved in the short term, but your monthly expenses are higher and so in the end you only get further into trouble. You can apply for a loan if you have several expensive loans at high interest rates and you want to refinance them for one new loan at a considerably lower interest rate, then you save on monthly costs, leaving you with more money. When transferring loans to one new loan, it is a condition that you have no arrears with the current lenders. Good Finance can assess for you whether one new loan is possible.
Debt restructuring and cohabitation
Is your partner or yourself in debt restructuring and are you planning to live together? In that case, this must be reported to the administrator. The reason for this is that the administrator made a calculation at the time which part of the income can be transferred to the creditors, because you start living together, this changes and this calculation must be made again.
The above information is a small selection of the information that is available when payment problems arise with a loan or payment problems in general. If payment problems arise for you or if you foresee this in the long term, it is advisable to consult the internet about how you can best act in such situations. The sites below can help you with this.
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