We often care about the fate of loved ones. It happens that parents who have taken out a home loan now have problems paying back for various reasons. The most common is job loss or illness. How can we help our family?
This is the first thing that comes to mind. We are always thinking about raising money together with other family members – siblings, uncles, aunts or cousins. It is different and relationships are also different. When we cannot count on the support of relatives, there are banks or non-bank institutions that offer loans and payday loans. As you know, this is not a solution for everyone and with this type of solution close to the credit or payday loop.
Where to look for help paying back a loan?
We often have many different obligations ourselves, so it’s good to seek help from mediators, i.e. professional negotiators. Why is it worth using the help of such people? Because they can engage in important negotiations on behalf of the debtor, including extending the repayment period, thereby reducing the monthly installment.
Restructuring medicine for debts
This is a great solution, especially when we are unable to help financially as a family. Thanks to the restructuring, it is possible to change the terms of repayment of the liability, i.e.
- installments reduced and credit spread over time
- cancellation of interest or part of a liability (in some justified cases)
- credit holidays
- grace period
Grace period means temporary suspension of repayment of the principal part of the loan, while credit holidays mean the temporary failure to pay the entire installment (principal and interest part).
Do you have a problem paying back your debt or do you want to help your loved ones pay off your debts? Come to us! Our mediators will consult with you and take care of the matter.