Credit Legal Tracking Process
How Does Legal Follow-Up Process Work?
Credit debts and subsequent legal follow-up transactions are determined by the Consumer Credit Regulation. Banks may impose sanctions on their customers in line with the criteria set by this regulation. In the event that 2 consecutive installments are not paid, the banks may have the right to initiate the legal proceedings as well as the right to demand the remaining amount of the loan from you. Of course, there are a lot of things to consider before you take credit. Legal follow-up processing time and considerations include.
Credit Legal Tracking Process When?
As stated in the first sections of this article , you have the right to delay the loan installments by 2 months . Of course, having such a right does not mean that your credit record will not be broken. If you delay your credit debt by 1 day, the bank will call you and ask you to pay. However, you must not have paid for two consecutive months in order for the loan to fall into legal proceedings. In other words, if you do not pay your loan for 90 days, the bank will initiate legal proceedings. There is no legal follow-up before this period.
When The Bank Came From The Warning?
If you do not pay 2 consecutive installments to the consumer credit you have used, your bank will send a strike to your address for this credit. Although some banks send a warning after the first installment delay, this is usually done if the 2nd and 3rd installments are not paid. However, it is useful to enter the way of payment from the moment the warning comes on behalf of the measure. The strikes will be sent to your registered address.
When does the foreclosure process begin?
If all of the legal follow-up criteria mentioned in the first part of our article have been fulfilled and you have not paid in 3 installments, the bank lawyers will contact you and the foreclosure process will be started. At this stage, foreclosures, real estate and home foreclosures may be in question. When the 90-day period (3 installments not paid) expired by the bank expires, unfortunately the transaction is completely in the hands of the banks and the transaction is transferred to the lawyer and the transaction is resolved with the lawyer, not the bank.
After this stage, bank employees cannot give information about the subject, you are directed to authorized attorneys only. The lawyers calling you are doing their best to speed up the procedures by giving you days and time. After these transactions are completed, if you do not pay within the time given by the lawyer, the foreclosure process begins and the collection begins.
When does the bank’s lawyer contact?
Generally, banks authorize some law firms in their neighborhoods and some work with their own lawyers. If any of the above steps happened to you ( usually 3 installments are not paid ), the attorney authorized by the bank will contact you. This process occurs only if the third installment is not paid , ie after the start of legal proceedings. Of course, before the bank lawyers call you, the staff at the bank will call you repeatedly and remind you that you have to pay for the loan. As you understand, legal pursuit is considered as the last resort and your debt falls into legal proceedings . If you are able to pay, you should consider the calls made by the bank.
Can Bargaining Be Negotiable With A Bank Lawyer?
If the banks did not receive the payment and did not make the loan payment within the time that the lawyer gave you, it would be correct to say that the foreclosure process has started. Once the foreclosure process has started, you should not look at everything that is going on. Foreclosures can not be foreclosed in the luxury goods can not be sequestered in fact, these transactions are not one of the transactions of banks is not one of the transactions.
A solicitor can apply a foreclosure to only 1/4 of your salary account and bring a foreclosure only to your luxury items . This being the case in installments with the lawyers for the bank debt will be deemed to have been unable to collect all the ways you can go an agreement on pay cash, you can express the most appropriate payment options. Your reasonable offers may be accepted by bank lawyers.
How Much Does Attorney and Enforcement Cost?
Such fees may vary depending on the agreements between banks and lawyers. However, when you add such costs on the debt, you will notice that the amount gradually increases. For this reason, taking into consideration these fees, you should go to the payment way without waiting for your credit debts to fall to the lawyer and close the debt. If you make payments within the 90-day period granted by the Bank, you will not pay an extra fee other than the loan delay interest.