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15.08.2008
The consequence of not
paying the credit
Last years Ukrainians "live in credit" rather
zealously. But rates grow and realities change. What to do if you can not pay
the credit temporally or you are unable to pay for it.
Problem consumer
credit
Exactly this category of credits is considered
the most problematic. If you overdue time limit payment, there will be a lot of
problems. Loans on household appliance, mobile telephones, the ordinary daily
charges are given out on short terms, by hundreds in a day, comparatively by
small amounts and under serious (by comparison to a mortgage or auto crediting)
percents. Therefore individual approach to every client it is not good here.
And if you suddenly do not have cash facilities to pay the credit be ready that
your creditor will switch on the "counter" and the business may turn out much
worse. There is no sense in saying that you will pay in a week. It is easier
for bank to ask from you with all strictness of your agreements.
By the way, you must read the agreement
carefully before signing him. You will hear nothing about operating approvals
of fines neither on the site of bank nor in a call-center. "You will know
everything from your agreement!" say telephonists in
an unfriendly voice.
Penalties can be
different
First kind is the strictest. You will be added 1-3%
to the lending rate for any overdue whether it is a day or a month. And not in
an exceed month, but forever, to the end of term. Banks explain: such approvals
are simply needed, to prevent any desire to repeat such inexcusable «tricks» as
«unreport» of money to the bank. Another type of punishment is doubling of
interest rate for a month in which you exceed a time limit payment. For
example, both methods are used for the consumers credits Pravex-bank and plus
3% to the rate and doubling of rate in the month of overdue.
The second kind is a fine for overdue. As a
rule, she is considered in the rates of registrations of NBU (the 8% annual). If
a fine is one registration rate - in a day she will make 8/365=0, 03% from the
sum of overdue payment. In addition, a fine can make 36, 5% annual, 0, 1% in a
day. But such sum can arrive at and 0,5-1% (Rodovid Bank, Raiffeisen Bank Aval,
Renaissance Capital, Delta Bank). Another type of penalties can be added (and
can be used independently) to the fine. It is a non-permanent sum of fine,
which can hesitate from 10 to 100 y.e. depending on the sum of credit and, as
well as non-permanent raising of rate, and is not tied down to the term of
expiration (Alfa Bank). If you exceed a time limit payment for a day or for a
month - pay in cash-desk.
If you warn you will not miscalculate
Auto credits and mortgage are more are more
important bank products than consumer credits where insignificant sums appear.
There is a separate approach to every client, credit terms - to 30 years (in
case with a mortgage) sums sometimes may be hundreds thousands dollars. So if
you will delay the time of payment you manager will only say "Is it a problem?"
Everything because you gave a notice. Explained the circumstances and gave a
word to pay for everything.
If it is so, approvals of the fine will not be
used. You will be simply offered to postpone payment of credit (on a mortgage a
postponement can be for three years), buy you will continue to pay percents. If
you are conscientious client, bank can make larger concession and wrick payment
to the maximal term. For example, you pay for your credit for to years, five
more years are left. Bank may wrick the payment for two years more, maximum
seven years for auto credits. Of course, it is not a big pleasure, but monthly
payment will diminish notedly. If you forgot to give a notice about a delay of
payment to your manager, it is all your fault. Approvals of fine are included.
But they are not as strict as in consumer credits. Bank doesn't want you to run
abroad and not to pay for a credit. That's why penalties as well as rates on
auto credits, mortgage and consumer credits are in two-three times less.
However, there are banks which in case of expiration throw on percents to the
rate (Kreditprombank), or double a rate in the month of expiration (Privatbank,
Tas-kommertsbank).
Credit gambit
However, there are cases, when you do not have
money at all. If you acknowledged that you are unable to pat for a credit, you
will, probably, have to sale the stopped up property. Procedure is far from
pleasant, but acceptable. First of all, it is necessary to warn bank about the
decision. The bank must be in a course, and it will control a situation. from
it's side.
Then you need to find a buyer. Thus, a cost of
sale must be such, that it will be able to liquidate all debts (for example, except
a body of credit, it can also be fine for preterm redemption of credit). After
reporting about this fact a bank and co-coordinating a deal with him, you come
to your almost former creditors with a request to take off embargo on a sale
from mortgage property. After this you close a deal and extinguish the debt
before a bank. To prevent misunderstanding, you should ask for a certificate
that a bank has no claims to you. It will become a guarantee that your name
will not in every base of malicious defaulters.
By the way, more advantageous variant for a
bank, is giving up a debt of one borrower to other, but it is more difficult. In
such case except the deal of purchase-sale of property, the conditions of the
credit agreement also change. It means that not only property but also credit
passes to a buyer. However you may use this method only in case if you will
find buyer, who will agree with such conditions.
Source: http://inwestway.in.ua/
30.07.2008
Purse of Ukrainian:
money - in the morning, an advance - in the evening
Many commercial banks offer to the clients very
and very curious service. It is called "deposits with advance interest
payment". By other words, profit on such allocation of your capital you
will get right after processing of the proper documents, and upon termination
of term of deposit you will get the sum back. By the way, some banks pay at
placing of deposit only part of profit (about 60-70 percents), and remain -
upon termination of term of deposit. You will consent, it is quite good method
if not to beat back, then to soften inflationary attacks. Indeed, it is impossible
to cover prognosis of inflation on the nearest half-year in 15 percents with
the help of bank rate : rates on the advance holdings usually even below, than
on the standard deposits with interest payment monthly or at the end of term
(in a hryvnya 12-14 percents on an advance deposit against 15-18 percents on a
deposit with interest payment at the end of term, in dollars are 9-11 percents
against 12-13, in
an euro - 8-10 percents against 11-12). Taking into account so substantial
difference in rates, it is rather naively to count on an active fight against
inflation by an advance deposit.
Foremost, inlaying money on an advance deposit,
you must expressly understand, for realization of what planning you need the
money. To save? Inlay again? Just to spend? The first variant is notoriously
unprofitable (certainly, taking into account inflation) and actually tantamount
to the choice of deposit with interest payment at the end of term, but with
lower rate. To inlay the drawn interests on a deposit is also senselessly and
unprofitably - if do you want to inlay money, why did not you inlay it on an
ordinary deposit with higher rate?
It turns out that the most clever variant is
"just to spend". In fact for some purpose or other you wanted to get
a little money immediately after placing of deposit... Moreover, this variant is
the most advantageous from the point of inflation. A benefit turns out from
that fact, that today due to the got profit you can purchase commodities which
in half a year will cost on 10-15 percents more, and actually only the sum of your deposit will
suffer from inflation. As our calculations showed, if to "spend" a
hryvnya advance deposit (to convert money in commodities at actual prices in
the moment of investment and completions of term of deposit)than in spite of
more low rate, inflationary losses from an advance deposit will be only on one
percent more losses than from an ordinary deposit. The advance deposit befits to
those, who wants to store the money. For this reason such deposits must be in
popular demand with those Ukrainians who got used to keep money in "jar", but
in residence vacation period are afraid to abandon economies at home without
supervision. The profit received on account may be spend on current needs or on
summer rest.
Source: e-news.com.ua
14.07.2008
Vinnitsa: new method of fight against debtors
Vinnitsa city administration inculcated the
new method of fight against debtors on payment of public utilities. To remind
about debts we decided by phone, - says the deputy of city chairman Anatoliy
Vorona, 59 years old. Who does not have stationary, let not glad - we will ring
neighbors, and ask them to pass the information. Most from public utilities ran
into debt for heat supply - over 17 million UAH. That is why an action will be
begun by city «Teplokommunenergo». From a next week we will ring daily during a
month, except weekend.
If a subscriber will give up a tube, we will
ring again.
Officials also agreed with the custom of Ukraine,
that people who have over 3 thousands of UAH long will not have the opportunity
to go abroad. Such people will not get an extern passport.
Lists with the names of defaulters will be send
in all local tourist agencies, - continues Vorona. Debtors will be refused
there.
On the whole, over 10 thousand of city dwellers
have debts for heat, says Anatoliy Vorona.
An action is brought against half of them. The
lawsuits are also prepared on others.
Edition: Gazeta po
ykrainsky
14.07.2008
Auto credits are drawn
up on-line!
"Ukravtolizing", the financial broker of "UkrAvto"
began collaboration with VAB Bank. During the first days, more than 40 requests
acted for consideration practically from all cities of Ukraine in VAB Bank, decision about
the grant of credit was made only during 1-3 hours. In recent time «UKRAVTO»
corporation inculcated absolutely new system of work, creating the special
on-line system of work with banks which allot credits for the purchase of cars.
In the limits of collaboration, the buyers of
cars can familiarize with the terms of crediting directly in dealer's salon
network of corporation, fill a questionnaire and pass documents in an
electronic view for consideration of simultaneous in three banks, without
leaving a salon.
Buyers in stores of "UKRAVTO" get access to the
base of banks, where they may choose the most comfortable variant of crediting.
But except for it, clients are also interested
by decision-making speed, and here VAB Bank works with enviable operativeness»,
- says Eugen Oparin, deputy of chief of management of development and progress
of auto crediting products of VAB Bank.
Source: Avtocenter
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