Debts and debts – what are the ways out of debt and what can we do in the 3 stages of debt?
Debts and debts are a problem for many people. In Poland, this situation has been noticeable for a very long time, and many Poles are struggling with financial problems. However, many of these people are unable to find a solution to the situation and get out of it by definitively resolving the debt problem. Such people are also at various stages of debt, from short overdue installments to bailiff enforcement. However, at each stage of such debt it is possible to act effectively and try to get out of debt. In this city we present useful people getting out of debt at each stage.
Debts up to several installments – in the original loan company / bank.
The first of the three types of debt is a delay in repayment of installments in that company where we borrowed money and to which we are in arrears. Mostly, when we stop paying the loan up to about 2 months – 2 late installments we will not face intensive debt collection and only a reminder to pay them. Then our case will be transferred to the internal collection department where the debt collectors of the loan company or bank will try to enforce the amount we owe. This situation can take place for several months, for example. After this time, many companies decide to terminate the contract and, if they do not receive the entire loan or credit, sell our debt to an external company and recover at least part of what we owe. However, if the contract has not been terminated and we have a debt with the original company or bank and only a few late installments – we can act and prevent the termination of the contract, and the sale of the debt.
The first step – against all appearances safe may be, to take a free chwilówki or a few free chwilówki. These are popular on the market and offered to new customers. Their advantage is that we do not return in their repayment anything more than we borrowed and do not fall into a spiral of debt. Taking a temporary loan, we can pay the installments required immediately and postpone the “problem” for 30 days. We can repeat this action, for example, several times and collect the needed amount in a few dozen days. Such a move is recommended only if we expect an injection of money in the near future, e.g. a bonus, inheritance, higher salary, etc. Another way to get out of debt at this stage is to roll over installments. This is an option offered by some loan companies and banks. It involves paying only the interest – the interest rate of the installment, which is about 20% without repaying the principal. We then pay about 20% of the installment in real terms, and carry the given installment to the end of the loan or credit. Such a step is worth taking if we are paying our installments regularly and are just facing the first delay. When we have several loans or obligations and we have problems with their repayment, but we are not in arrears for more than, for example, 60 days, we can use another idea, i.e. consolidation. We can then take a new loan / credit to pay off several obligations that are problematic for us, turning them into one obligation with a smaller monthly installment – which we will simply sleep longer. Up to 60 days of debt, for example, we will not be listed in the debtors’ database, so we can take a new loan or consolidation loan and reduce the monthly installments.
Selling the debt to an external debt collection company
The second stage of debt is to terminate the loan/credit agreement and possibly sell the debt to an external debt collection company. There are many of them on the market. They are engaged in buying debts from banks or companies at a discounted price, e.g. for a dozen or so – tens of percent of their nominal value, after which they recover the entire debt from the debtor. When our original bank or loan company assigns the debt, we can also act and try to settle our debt. The first method is to communicate with the new debt collection company. To do this, we can make an appointment or try to settle the matter by phone. Talking to debt collectors, we can present our situation to them and offer, for example, to pay the debt in low installments or batches. Debt collectors cannot forcibly collect debts, seize wages or valuables, i.e. act like a bailiff. They also care about amicably recovering the money, and this is a good time to make some arrangements.
If you are not familiar with this kind of thing, you can ask an antidischarge company for help. Debt relief companies help debtors in exchange for a fee, negotiate with debt collection companies, advise or send letters and correspond on our behalf to the creditor. Such companies are usually staffed by former debt collectors or people who have legal training. In such a case, this can be invaluable help. An attempt to write off part of the debt, such as 50%, may also be a good solution. Some debt collection companies offer this type of action and demand payment only if this play succeeds. By interrupting the repayment of installments for many months, we can also put aside very small – even symbolic amounts, so that in the event of a later critical situation, such as the threat of taking the case to court, we can start repayment and at least for one – two months stop the case from going to the bailiff.
Bailiff enforcement and consumer bankruptcy
The final stage of debt is to take the case to court, get a legal order for payment and start bailiff enforcement. The bailiff can block our account and take from it monthly sums above the seizure-free amount, which is above about PLN 1,700. He can also take away part of our salary or auction off valuable items, etc. Although he has many forcible options, also with him, e.g. with the help of a debt relief company, we can come to an agreement and agree on repayment of the debt in installments or any other solution convenient for us. Many people are afraid of working with a debt collector, but if we ask him for favorable repayment terms, and he passes the request to the creditor, and the creditor agrees, we can easily get out of the entire debt. The most radical solution is also to declare consumer bankruptcy, if we know that we can not manage to pay the debt, which, for example, has grown significantly, or it is impossible for other reasons. Such bankruptcy is declared by filing a petition with the court. With its declaration, all our assets are forfeited and this includes all debts that have arisen up to the time of the declaration of bankruptcy.
