In a conversation with the expert of the financial platform “Compare” Maxim Glazkov said: RTWhat should you do if your loan is late?
“You’d better inform the bank right away about your problem and tell them when you plan to make the next payment,” Glazkov said.
He noted that if the payment is delayed by several days, it is not critical and many banks perceive it as a technical inconsistency. Problems and effects on credit history arise if you don’t make the next payment for more than 30 days.
The expert noted that the patience of banks that constantly delay payments should not be neglected. After all, since it can turn into difficulties when applying for a new loan.
However, if the payment is delayed even one day, a fine may be stipulated in the contract and if there is a long delay in the payments, the bank has the right to go to court and get the money back with a fine.
In early March, it was reported that the number of “bad” mortgages defaulting in Russia had peaked since May 2021. https://www.gazeta.ru/business/news/2023/03/05/19890523.shtml