Write-off of debts on bank loans. Can a bank write off debt on a loan
State Duma approved some tax incentives and write-offs of financial debt. And who can write off and forgive debts on loans in 2018?
How to write off debts on loans in 2018:
several options how to get rid of legally
from loan debts
AT last month The outgoing 2017, the population of Russia was informed that the State Duma approved some tax benefits and write-offs of debts for financial debts. And who can write off and forgive debts on loans in 2018?
How to get rid of debt on loans?
When repaying a loan to a bank, borrowers worry about interest rates, which over time greatly increase primary debt. But almost always there legal right Do not pay or minimize additional costs caused by accrued interest.
An effective method of paying off credit debt is new loan, implying a low rate of both standard and penalty interest. This means that the borrower takes a new loan to cover the debt with this money. Often people take loans from microfinance organizations. The sooner it is possible to get rid of the loan debt, the less the amount of interest will be, but the aspect of penalties is also worth mentioning. The amount of the penalty is individual in nature, but there is a chance to reduce it through litigation if the amount of the assessed fines is recognized as a disproportionate debt and a recorded violation.
Amnesty loan in 2018
On January 1, 2018, a bill begins to be developed, the development of which was conducted by State Duma deputies from the Communist Party of the Russian Federation Sergey Obukhov and Valery Rashkin in 2015. Amnesty loan aims to facilitate cooperation between the lender and bona fide borrowers by introducing additional conditions and reviewing the current lending system.
For whom is introducedamnesty
Amnesty loan help quickly get rid of loans , but the word "amnesty" does not mean that everyone, including malicious defaulters, will be released, but loans written off . The bill is aimed at bona fide borrowers who for some reason are unable to pay off loans. The document implies a review of the loan repayment system, as well as limiting interest rates and lowering the priority of penal contributions.
The mechanism of action of a credit amnesty
The modern annuity system for repaying a loan to a bank will be reviewed after the entry into force of the law on amnesty credit .
When a borrower makes a contribution to pay off a debt, the distribution of funds is as follows:
- priority is given to writing off fines;
- in second place are interest;
- last of all, the money goes to cover the main debt.
A new vision of the loan loan payment system can be seen as a way get rid of a loan, which implies support for citizens who regularly make loan installments, but for certain reasons who are unable to act according to the payment schedule.
For such borrowers, the bank will be required to provide preferential terms for paying the loan:
- interest rate reduction;
- limitation of the monthly installment;
- priority to the main debt when depositing minimal funds to the loan account;
- annulment of accrued fines, interest and penalties; clearing credit history.
How to get rid of loan debts until 2018?
Theory by theory, but an important question remains. So how legal get rid of loansuntil 2018?
Suppose that this question arose recently in your country, and the amount of debt did not reach the point where a collection agency would have taken up business or a decision would have been sought in court. What to do then and how to the borrower get rid of a loan in a legal way ?
There are several scenarios:
Credit Restructuring
The borrower may submit a written application to the bank management with a request for restructuring or deferred loan payment. It will be necessary to attach documents registering financial difficulties - job loss, etc. to the application. The delay in fact is that the borrower will temporarily pay only interest, gradually reducing the total debt, as well as subsequent monthly installments.
Restructuring increases credit period, which proportionally reduces the amount paid every month.
Sale of property as collateral
Another way get rid from expired loan - sale of collateral. This is a radical way to repay a loan as soon as possible, but one of the effective ones, since the role of a pledge is often played by real estate or a car, even the dumping value of which will satisfy the lenders. The property is evaluated and then put up for sale. When a buyer is determined, a transaction for the sale of collateral property is executed, and the funds are used to cover the loan.
Credit vacation
Credit holidays are a paid option provided by banks both during restructuring and in quality additional service. The essence of this method is to defer a loan payment, which is issued once a year. The cost of credit holidays is equivalent to 15% of the monthly payment with a minimum of 2000 rubles. The loan term in this case increases by the duration of the deferral; and the amount of overpayment increases.
Attraction of guarantors
Material support of guarantors can be a way out of the situation with unexpected financial difficulties of the borrower. The bank has the right to contact the guarantor for partial or full repayment of credit debt if the debtor is not able to repay the loan on his own.
The clauses of the guarantee agreement imply joint and several liability, which guarantees the guarantor the right to mortgaged property in an amount equivalent to the covered part of the debt. Alternatively, the guarantor may demand a monetary compensation from the borrower.
According to article 367 civil Code RF, the guarantee may terminate in the event of:
- Changes in lending conditions, tightening the obligations of the guarantor, without the written consent of the latter.
- Change of the borrower without the consent of the guarantor.
- Refusal of the creditor to accept performance of obligations.
- Expiration of the guarantee period.
Bankruptcy of individuals
Bankruptcy physical person comes upon confirmation court of arbitration borrower's inability to fulfill any financial obligations. Any citizen whose total debt amounted to more than 500 thousand rubles with a delay of the last payment of 3 months is entitled to start the recognition procedure.
If the borrower is declared bankrupt, he loses the right to:
- make property purchase and sale transactions and use it as collateral;
- issue guarantees;
- leave the borders of the state (optional);
- independently manage funds in bank accounts.
How to get rid of credit debts through the court
If it is not possible to recover the loan debt with the help of a collection organization, the bank will be forced to go to court in order to solve the problem. There is no need to be afraid of the court, since there are often situations when additionally accrued interest, fines, etc. following the results of the proceedings are reduced. As a result, the borrower has the right to pay the net amount of the loan.
Bankruptcy of individuals and its consequences
The financial insolvency of the borrower is achieved by artificially reducing income and selling property or transferring it, but this method can be considered legal only formally. The bottom line is to transfer property to relatives, friends, etc., making it the property of third parties.
Further, the borrower needs to quit official work and close all bank accounts. For bankruptcy proceedings there is no need to transfer the last apartment. If minors are registered in the borrower's house, or if it is the only housing, the bailiffs are not entitled to describe it as repayment of the debt. In general, the process of processing all the documents can take a lot of time, but this will keep finances and property intact.
When can a bank write off debts in full??
Relatively high probability of writing off the loan from the borrower in connection with:
- impossibility of recovery;
- loss or death of the borrower.
Non-repayable loans spoil reporting, because bankers often forgive such debts so that they do not hang dead weight on the balance sheet. In addition, the bank may write off a loan if the debt is small, and its return will bring more losses than profits.
Although there are few cases of complete write-offs, it is always the exception rather than the rule.
Statute of limitations when recovering loan debt
A situation is possible when attempts to collect a debt are delayed so much that the bank goes to court 3-4 years after the borrower makes the last installment on the loan. In this situation, the defendant may declare expiration statute of limitations, and it is highly likely that the court will be won, and the creditor will be forced to write off the debt. But you must be aware that the employees of the bank and collection organizations will have time to ruin the life of the borrower before the cancellation occurs.
Amnesty Credit Video
Using loan funds we may not always then be able to regularly make monthly payments. For the formation of insignificant debts, sometimes it is enough for 1 day to be late with payment or inattentively study the conditions of use grace period. According to statistics, two-thirds currently open in russian banks loan agreements are in arrears. In what situations is it possible to write off a debt on a loan, what is needed for this and what are the consequences of choosing one or another mode of behavior when creating debt to a bank?
Full debt relief
Full write-off of debt on a loan to a bank without payment of the principal amount of the debt is a practically impossible situation. This can happen only in two cases - the statute of limitations has expired or the bank has recognized that it is impossible to receive debt from the client, since the client cannot repay it due to the lack of valuable property.
Often, the bank sues the malicious defaulters. Most often (in 90% of cases), the court makes a decision in favor of the bank and obliges the borrower to pay, if not all of the debt (taking into account the fines and penalties accrued for non-payment), then at least the amount of the loan debt without penalty charges. By court decision performance list, which is sent to the bailiff service and they search for the debtor and seize money or property from him in payment of the debt. In cases where the borrower cannot be found or is found for a long time, but he does not have any valuable property, the FSSP informs the bank about this. In this situation, the bank most often completely writes off the debt on the loan and cancels loan agreement, since a large number of loans with long overdue payments spoils financial indicators and bank ratings.
By and large, the issuance of a loan to such a borrower means a mistake by bank employees who must check the solvency of the client before issuing a loan. Therefore, a complete cancellation of debt in this case is justified.
Some customers, having received a loan from a bank, do not pay on it and carefully avoid contact with employees of the bank or collection agency. The Bank, for its part, can take any legal steps to repay the debt, but if it has not been possible to find the debtor within 3 years, the limitation period is considered to have expired and the credit debt is completely written off and the loan agreement is closed. In fact, this is one of the most radical ways to avoid loan payments, since its consequences are very deplorable for the borrower. The Bank reports the fact that the limitation period has been submitted to the Client at the Credit History Bureau and the borrower's credit history is completely corrupted, he falls into the lists of malicious defaulters and within the next 15 years it is legal to get a loan from any bank cooperating with BKI (and now it is 99% banks) cannot.
Thus, you see that a complete write-off of debt on a loan can occur only in extreme cases, when the bank has no other choice. In all other situations, the bank will try by any means to return borrowed funds and get loan repayments. Therefore, those customers who are close or have already hit debt hole, it makes sense to independently take the initiative and contact the bank to change the terms of payments to acceptable for the borrower.
Restructuring or refinancing loan debt
If you have changed financial situation and you can’t repay the loan, it’s not at all necessary to bring the case to court in the hope of a partial write-off of the debt. You can take advantage of less radical methods - restructuring or refinancing a loan.
Credit Restructuringmeans a change in the terms of payments on a loan in connection with the objectively changed circumstances of the client. For example, a borrower entered into a loan agreement, paid it on a regular basis, but then he was fired or he was injured and, of course, it became difficult or impossible to pay the loan. Most likely, in such a situation, a debt is formed, on which fines will be charged if the client does not pay it in time. But the bank can write off the debt on the loan if the borrower timely (without delaying several months) applies to the bank, informs about the reason for non-payment and draws up a request to revise the terms of payment on the loan. Most banks have standard loan restructuring programs, which provide the borrower with a delay of 1-3 months or a decrease in the monthly payment due to an increase in the loan term. Most often, if a client of the bank is able to confirm serious financial difficultiesthat caused the formation of debt, the bank will write off the debt on the loan.
The main advantage of the restructuring made in time is not only the ability to partially write off the loan debt, but also not to spoil your own credit history - after all, the conditions for repaying the loan are reviewed with the participation of the bank, so it will not be reported to the BCI.
Not all banks meet customers and restructure debt, even if there are objective reasons for this. But here, the borrower does not need to despair - you can always contact a third-party bank offering services refinancing existing loans. The essence of refinancing is that you get a new loan in third party bank in order to pay off a loan already taken. They help you draw up a new loan agreement and transfer funds to write off debt on the loan, after which you have new, most often more convenient, payment conditions.
Refinancing is especially convenient for those borrowers who have several loans at different banks and are forced to pay service fees and interest separately in each of them.
Partial debt write-off
The court can also partially write off the debt on the loan, of course, provided that the borrower makes contact with the bank, participates in court hearings and does not avoid responsibility. With the formation of debt, banks are in no hurry to immediately sue, as it is not profitable for them. As a result, a situation often arises in which the borrower does not know at all about the need for additional payments. Sometimes banks refuse to customers with objectively changed financial circumstances to change the terms of loan payments, even if the borrower confirms this fact. If the bank brings the case to court, the borrower can always try to get off the debt on the loan, especially when there are such extenuating circumstances. The judge, in most cases, takes into account the active position of the debtor and obliges him to return to the bank only the principal amount of the debt, and write off the amount of fines and penalties charged.
Thus, the complete cancellation of the debt on the loan, of course, does happen, but involves the borrower defaulting on the undertaken loan obligations, a long period of clarification of the situation with the bank and litigation, interaction with collectors or bailiffs. You can partially get rid of the accrued interest and penalties by contacting the bank with a request for restructuring the loan, especially since this option will not spoil your credit history and you will be able to apply to new banks again in the future.
After registration, many citizens make delays and even seem to forget about the existence of their debt obligations. Banks try to influence such debtors on their own, attract collectors and turn to the courts. Most of the overdue loans are eventually recovered, but if he understands that this is a bad debt, then sooner or later he will write it off.
What debt is recognized as bad
Bad debt - This is an overdue loan, which is unlikely to be repaid. The bank does not need such arrears on the balance sheet either, therefore, after a while it loses hope for a return and writes off the problem loan from the balance sheet.
Debts are recognized as bad in the following cases:
- ➦ the debtor is gone, and even the bailiff cannot find it;
- ➦ the debtor has not disappeared, but he has neither property nor income to pay off the debt.
In practice, banks write off bad debts regularly, but this does not apply to the media. Every year, loans worth billions of rubles are deducted from the balance sheet of banks. Credit organizations have made every effort to collect debt, and can no longer spend their own resources to work with these delinquencies.
Before writing off the debt, the bank sells it to collectors. Thousands of loans go as part of the cession literally for a penny, bad debts can be sold for 1-2% of the nominal. But most often even collectors cannot influence such a debtor and also write off debt. Sometimes collectors refuse to buy packages of bad debts at all.
When are bad loans written off?
In practice, before the debt is written off, it will take at least a year, and usually 2 or 3. To begin with, the borrower will go through the standard collection procedure, which consists of the following steps:
- The bank tries to influence the debtor on its own: it calls him, tries to return to the payment schedule. As a rule, this stage lasts three months, after which the debt is transferred to collectors.
- Collectors seriously put pressure on the debtor, call him, may use illegal methods. Now the debtor, by law, can completely refuse to communicate with collectors by writing a statement if no more than 4 months have passed since the delay. This stage can last about six months, sometimes more.
- The next step of the bank will be to file a lawsuit. The court takes the party of the plaintiff and makes a decision indicating the amount to be returned. This amount often often turns out to be less than the bank demanded.
- Further, bailiffs are involved in the collection process, the bank and collectors disappear from the debtor's field of vision. If the bailiff cannot recover the debt, he sends the bank a document. But the bank may again send the case to the bailiffs. But if nothing changes, sooner or later the debt is recognized as hopeless, even if this debt is sold to collectors.
When debt will not be recognized as hopeless
In order for the debt to be recognized impossible to repay, the borrower must generally disappear for the bank. If the debtor lends itself to persuading the bank or collectors and deposits even small amounts, the collection process can last forever.
Unfortunately, the gradual repayment of an overdue loan often leads into a debt hole, especially if payments are made in small payments. Debt is calculated daily, as interest is charged on it: by depositing 5000 rubles in the account today, in a few days the debt may again increase by this amount.
If the bank understands that the debtor is not amenable to pressure, he goes to court, then the bailiffs begin to act, who act by other methods, namely:
- ➦ withheld from the salary of the debtor 50%;
- ➦ seize the accounts and all the money in them;
- ➦ seize property.
Bad credit debt will be written off only if the bailiff can do nothing regarding the debtor, namely:
- ➦ a citizen does not have an official place of work;
- ➦ he does not have bank accounts with funds arriving at them;
- ➦ he does not have the ability to seize property, or the location of the debtor cannot be established.
In practice, debtors have long adapted to the recovery process and are doing everything so that the bailiff cannot take anything from them. They work informally, open accounts in the names of other citizens, do not live by registration or simply do not open the doors to the bailiffs.
If all the bailiff’s attempts to influence the debtor remain in vain, he closes the case and sends a notification to the creditor about it. The bank can re-initiate the business, sell the debt, but if nothing changes, the debt is written off.
How to learn about debt relief
Information on this can be found on the website of the bailiffs. In the free case, the base is published enforcement proceedings. The debtor, entering his region, name and date of birth, will see all the proceedings instituted in relation to him.
If there is a debt, its size is reflected in the list of cases. If the debt is written, an article is indicated opposite it, on the basis of which the case is dismissed.
In practice, the amount of bad debts is enormous. After the crisis, many citizens found themselves in a difficult situation, so banks regularly clean their loan portfolio from such impossible debts.
Recently, borrowers are increasingly interested in the question - after what period of time the debt on the loan is written off. Let's see if there is such an opportunity today.
What is the statute of limitations?
Statute of limitations is the period during which the lender can call the debtor to repay the loan or collect it in court. If after this time the bank decides to sue you, the second will be on your side. Additional information on this subject is presented in this article.
One of the ways to write off debts on a loan is the statute of limitations on credit obligations, which is 3 years. This means that if more than 36 months have passed since the last payment or contact with representatives of the bank, the debt will be canceled due to the limitation period.
How to use this opportunity? For three years, you will have to avoid contact with the bank, ignore any attempts to talk with you, not visit a financial institution, do not answer letters with complaints, otherwise the statute of limitations will be shifted.
After 3 years, the borrower can independently file statement of claim to court. Write-off will be made in the case of an officially accepted debtor.
Important: once again, that after 36 months the debt does not disappear, the lender does not forgive him and does not delete the data from the CI! The end of this period means only that the lender will not be able to demand that you return the debt through the court! And if you want to exercise your right, and no longer have any contact with a former creditor, you must go to court with a statement.
Does the court write off debts?
However, this situation is rare. Typically, banks do not delay and promptly file a lawsuit against an unscrupulous payer or transfer an overdue loan to a collection company.
Therefore, do not plan that you will wait to write off the debt, the creditor will try to return your funds by any means. Read more about how collectors act in case of buying a debt from a bank, and about the procedure for your actions, read.
The court may oblige not only to pay the amount of the loan debt itself, but also the entire debt (taking into account the accrued fines and penalties). If debt was written off by the statute of limitations, then the consequences for the borrower will not be the best.
The fact that the statute of limitations has expired will be submitted to the Bureau of Credit Histories, and this will ruin the client’s financial dossier completely. Over the next 15 years, he will not be able to use the services of any bank. This link will tell you about whether there are financial institutions that do not work with BKI.
If you have some difficulties that hinder the smooth repayment of a loan, then you need to take certain measures. In case of delay of up to 30 days, you can not really worry about the state of the credit dossier.
Many banks forgive such minor irregularities and issue new loans. You will find the most attractive offers in this article.
How is the statute of limitations calculated?
Unpaid debt, the statute of limitations for which is more than three years, is considered to be written off, and the creditor cannot demand its return. However, there are some features of the calculus of this period:
- If about 2-3 months have passed since the last payment, then from that moment the countdown will begin, that is, from the date of the last loan action.
- If within 3 months there were no payments, then the countdown will begin immediately after checking the client by the bank.
- If the borrower enters into negotiations with the bank, signs the documents, makes any money, then the statute of limitations is renewed again. The lender is repelled from the moment of the last contact with the client. That is, if you do not want to pay the bank, you will have to abandon any actions under the contract and contact the lender.
- The limitation period does not depend on the period for which the loan was issued.
There are several ways to proceed if you no longer have the opportunity to pay arrears.
- Get in touch with a financial institution and get a “credit vacation” (deferral of payment of principal for 6-12 months). About what constitutes a credit vacation, read the following link.
- Apply for a restructuring of the loan, that is, a change in the terms of payments in connection with serious circumstances, documented. For example, a bank may increase the period, due to which the size of the monthly payment will decrease. You will learn more about the opportunities that restructuring offers here.
- Use the refinancing service, that is, get a new loan on more favorable terms, which will pay off the previous one. Refinancing information is presented in this review.
- Sell \u200b\u200byour collateral through the bank. This will help you solve your financial problems. However, the sale will not be profitable for you, as the lender is only interested in the amount that will be enough to pay off the debt. Read about how to sell your property to a bank in this article.
If the debtor makes contact with the bank, participates in court hearings, and does not try to avoid liability, the court may partially write off the debt on the loan, especially if there are certain extenuating circumstances. Report your problems to the creditor in a timely manner so that you do not subsequently become interested in the question of how long the bank can write off the debt on the loan.
What are the options for writing off debt
The number of outstanding loans is increasing every year in Russia. Lenders use a wide variety of methods to collect debt.
In addition to the statute of limitations, there are other cases when a bank writes off debt:
- Write-off of part of the debt by agreement between the creditor and the client. Sometimes it is possible to write off up to 75% of the debt without going to the judiciary.
- The cancellation of fines and sanctions when their amount exceeds half of the amount owed.
- Debt relief from the guarantor or co-borrower.
If the bank requires money after the statute of limitations
In this case, the creditor does wrong. You can seek the advice of a lawyer or a court with a motion stating when the statute of limitations has expired. Such debt cannot be recovered.
Banks monitor the payments of each client, and therefore it is not worth hoping that no one will touch you for three years. The borrower will have to go through subpoenas, calls not only to him, but also to relatives, notification letters at the place of work, personal visits of the bailiff or collectors.
Can credit debts be written off? Banks, MFIs (MCCs or IFCs), bailiffs, and collectors never write off debts on loans *. By concluding a loan agreement (loan agreement), you agree to the repayment of the amount taken on credit, as well as payment of accrued interest. And if you do not fulfill your obligations, you agree to pay more fines and penalties. The lender’s persuasion to forgive the loan, if you are no longer able to pay it, they will not help here ...
But, in accordance with the norms current legislation RF (some of which have come into force relatively recently) you have the opportunity to legally write off debts on loans, or at least part of them, moreover, a substantial one.
Debt on loans - what to do and what to pay attention to
To write off debts on loans in 2019 is real! What to do and where to go.
Debt to MFIs (MCC, IFC)
MFI debt cannot exceed the loan amount by more than 3.5 times, but by 4 times for loans issued before January 28, 2019. Thus, if you have made payments and they exceed the loan amount by 3.5, 4 or more times, then you not only have the right to write off the debt, but also return the excessively paid interest.
Also, from January 28, 2019, the amount of all accruals on loans up to 10 thousand rubles for a period of up to 15 days cannot be more than a third of the amount of the loan itself + 0.1% fine per day. Consequently, 3 thousand rubles for a loan of 10 thousand is the maximum that may require an MFI + 0.1% for each day of delay (10 rubles per day).
In other cases, Art. 179 of the Civil Code of the Russian Federation, according to which a loan agreement can be recognized as enslaving, which gives you the opportunity to significantly reduce debt or even get rid of it with a refund of interest paid.
You can solve the problem with MFI debts by the legally indicated methods only in the judicial procedure, as The creditor will most likely ignore the pre-trial claim. You can file a statement of claim (or pre-trial claim) yourself or entrust it to a lawyer specializing in such cases. A lawyer will significantly increase your chances of writing off MFIs debt, and his services can be paid from the funds won.
Debt to the bank
Debt on a loan to a bank - the situation is more complicated. If you do not pay the loan for more than two months, your debt may already be transferred bailiffs for enforcement, this does not even require a court decision (the order entered into force on November 21, 2016).
If the bank violates the terms of the contract, you can in court cancel interest on the loan. The most common violations include an increase in the interest rate unilaterally.
If your debt exceeds 500 thousand rubles and you have a delay of more than three months, you can file for bankruptcy individual. Bankruptcy proceedings are paid - 300 rubles duty and 10,000 rubles contribution to the arbitration manager, but you can get a delay on it.
Debt to the bank and / or MFIs (general solutions)
If you make payments on a loan or a microloan for a long time, and the debt does not decrease, you should pay attention to total amount perfect payments. It is possible that the amount of interest paid already exceeds the size of the “body” of the loan or loan, in this case You can write off your debt on the basis of Art. 179 of the Civil Code of the Russian Federation. If the “body” of a loan or a loan is not repaid, then you can reduce it on the basis of the same article interest rate to the Central Bank refinancing rate (7.75% per annum in 2019).
If a bank or an MFI accrues a penalty on a loan, article 333 of the Civil Code of the Russian Federation allows the borrower to cancel it in a judicial proceeding. The amount of the penalty cannot be more than the “body” of the loan.
Often, when selling debt to collectors, banks or MFIs illegally impose penalties on loans (therefore, collectors require a return amount that is much more than real). You can get rid of fines on loans in court by filing a lawsuit against collectors. It will also not be out of place to file a complaint against the bank with the FAS and the Central Bank in order to bring it to justice.
The borrower has the right to debt restructuring (Article 451 of the Civil Code of the Russian Federation). If the creditor doesn’t want to reduce you monthly payment and threatens the court, file a lawsuit first! You have the right to pay a loan in amounts that are affordable for you or to receive installments. In addition, a violation by a creditor of this clause may become a reason for canceling a loan.
The lawsuit against the bank, MFIs, collectors, etc. filed in the magistrates court. The term of its consideration is 5 working days.
Who can help repay a loan or write off a debt
If you are a mortgage, you can try to get a mortgage restructuring as part of state program help mortgage borrowers. However, the program is more focused on currency mortgages and carries some risks for the bank, so the bank may (and has the right) to refuse to restructure you under this program.
It is definitely worth noting the work of anti-collectors that write off debts or reduce interest, as well as protect the debtor from collectors. Anti-collector lawyers know legal wayshow to reduce interest on loans, write off your debts and also get rid of collectors if the debt has already been transferred to them by deleting your data from their database.
In most cases, the solution to problems with loan debt is successful. If you are unable to cope with them yourself, we advise you to seek the advice of a loan specialist - it's free. Irreparable situations are extremely rare.