How to act if I can not pay a credit

Unfortunately, in the crisis situation before us, the chances of not being able to pay a loan for a long period have increased. This may be the consequence of a series of causes that, with the economic crisis in the country, have increased. But, once the causes are detected, there are different actions we can take to solve, in part, the problems of non - payment for long periods of time. In .com we tell you how you can act if you can not pay a credit for a long time .

one

If the cause has been the hiring of loans and additional debts to the mortgage that cause a choke at the end of each month, we can negotiate with the bank a unification of the debts with the mortgage. Although this would cause an increase in the years of payment, it would reduce the amount to pay at the end of each month.

two

If the reason is the increase in the interest rate, which has caused an increase in the share of the mortgage, the answer would be in the contracting of insurance, to cushion the increases, or negotiate an increase in the years with the bank.

3

If the possibility of non-payment during a long period is given by the loss of employment, the bank can offer the possibility of a lack of payment up to a maximum of 2 years.

4

The last option will be the sale of the home, although this should become the last resort and should be avoided in all possible ways.

5

Before reaching the option of selling the house, you have to try to negotiate with the bank any alternative measure.

• For more information and to leave no doubt, contact your usual or trusted bank.