The following types of loans cannot be negotiated once they are overdue.
After the debt is overdue, many friends avoid collection or being sued.
The first idea is to negotiate repayment with the bank, but there are the following situations that cannot be negotiated, the bank will not negotiate with you, and will only require you to fulfill the original repayment agreement.
→ First, there is a guarantee, including the collateral or the guarantor, which cannot be negotiated. For example, mortgage loans secured by houses, cars or other securities, assets, etc. cannot be negotiated. There is no negotiation with a guarantor. For example, if you owe money in the bank, your relatives and friends are guarantors, generally the guarantor bank provided when you apply for a loan is also required, and the bank must have a certain strength to recognize it as your guarantor.
Such loans are not negotiated. Because such secured claims are high-quality claims for banks, you can't pay them back, it's a big deal to sue you, auction off your collateral, require your guarantor to fulfill repayment obligations, etc.
Second pure credit loan. If the offline account manager is looking for you to do the loan business, the contract signed offline or even if the account manager does it for you, but you operate the loan on the APP, you can't negotiate the installment. Even if you negotiate a maximum of 3-6 months of extension, most banks will not agree to your extension at all, and you will still sue directly if you do not pay it back after the expiration.
The third is not to blindly negotiate when your repayment ability is insufficient, especially in installments. Once you negotiate the installment successfully, you have to repay the loan according to the time and amount of the installment. Once you are gone, even if you overdue one day and cause a second instalment, your previous negotiated plan will be nullified, the amount of debt relief will be calculated again, and the bank will speed up the prosecution of you.
Therefore, after the debt is overdue, it is best to master the method of dealing with the debt by learning.
Don't panic, don't rush, and face it calmly.
