Long-term delays in loan payments can lead to serious consequences for the borrower. This is reported by the Izvestia newspaper , citing explanations from the founder of the legal company Consul, Irina Gukova.
The bank has the right to go to court if the client is overdue for more than three months and does not provide an explanation. In this case, the credit institution may demand immediate repayment of the entire debt.
If the borrower fails to comply with the requirement, the bank has the right, through bailiffs, to seize his property worth more than 15% of the debt for the subsequent sale of the proceeds.
In addition, a financial institution may initiate bankruptcy proceedings against the debtor.
“If this is not possible, the property is transferred to the disposal of the Federal Property Management Agency , which sells it to pay off the debt to the creditor,” Gukova clarified.
The day before, the Ministry of Labor named the number of Russians who are paying off several loans at once.
Earlier, Russians were told which type of mortgage payment is more profitable.