Features of obtaining a certificate of your loan debt
If you paid off the debt, but the amount in the contract differs from the calculated one, a certificate of debt on the loan will help to prove your case.
Content
When do you need such a document and who can take it
A certificate of absence of loan debt may be needed in the following cases:
- If payments are made using terminals, transfers using payment systems or through other banks. It is possible that money will be received within a few days, which will provoke a delay and a difference in the size of the actual balance and the outstanding debt.
- Charging commissions, for example, for transferring money. Part of the funds deposited in the form of payment will go not to pay off the debt, but to pay for the services of a financial institution, and because of this, penalties will arise that entail penalties.
- Early payments have nuances and are not always taken into account by the bank immediately in the calculations.
- Technical failures when making payments made by the borrower. Software errors entail incorrect calculations or non-inclusion of the money contributed by the client in the debt settlement account.
- The human factor is mistakes made by the bank's employees.
- Connection of additional paid services when issuing a credit card. The payer may forget about them or even not know, and funds are automatically withdrawn from the account.
- Disputes with the bank. The extract will serve as evidence in court proceedings.
- The need for registration.
Several categories of persons can receive documents. The first one is borrowers and co-borrowers, if they are stipulated by the terms of the drawn up agreement. The second category is guarantors who bear full responsibility for debt obligations. The third group is the mortgagors who have pledged the property. They can gain confidence in the removal of the encumbrance provided for by the loan conditions by requesting a certificate.
How to arrange
The registration algorithm may differ and be set by specific financial institutions. The easiest option is to contact the department and an oral request, after which the employees issue a certificate. In most cases, a written request is required with the requirement to issue a document. The borrower must take a sample application from an employee of the organization, but the written request form may be free.
A certificate of the balance of the loan debt or its full repayment is issued after a request, the processing time is determined by the bank. Some financial institutions issue it on the day of application, others within two to three working days or a week, but the process can take a month.
The prices for obtaining a document also differ. Some banks issue it free of charge, others set tariffs in the amount of 100-600 rubles. The cost of the service may depend on the terms of the borrower's request. Receiving within a month from the date of the last payment may be free or inexpensive, after this period the amount of payment will increase. The organization has the right to charge additional fees for urgency.
Useful information: if the borrower just wants to get information about loan agreements and gain confidence that the next appeal to the bank will be successful, he can use the service that provides reports -. Leave a request, pay for the services and receive five sheets of information by e-mail in 15 minutes.
Help form
The form is not fixed, and there is no single sample, but the rules are established by each specific bank. But the document must necessarily include the full name of the organization that issued the funds, its contact information and payment details; borrower personal data; the amount of the loan; a phrase confirming the fact of the final repayment of the debt ("There is no debt at the moment" or another); date of conclusion, number of the contract; date of submission and state of the account as of this date; employee signature.
To get help with accurate and reliable information, follow a few guidelines:
- Keep receipts and checks when making regular payments.
- It is better to request the document within one month after the final repayment of the debt in order to avoid disputable situations.
- If you are repaying the loan ahead of schedule, always check the exact balances as of the payment dates. Find out when the debt will be closed.
- The statute of limitations for loan foreclosures is three years, so keep the certificate just long enough to prove, if necessary, that your obligations have been terminated.
A certificate of debt on a loan is an important document that may be required in different cases. Now you can get it hassle-free, just like a credit report. For more details on how to check CI on the Internet, read in.