Xiao Wang is an employee of a company. At the beginning of the year, he needed a sum of money badly for family reasons, so he applied for a bank loan. The money arrived soon and solved the problem quickly. Xiao Wang also pays back the money every month according to the contract. However, due to work adjustment in the middle of the year, there is no income for the time being, and family expenses are urgently needed. It is impossible to repay the money in time as agreed, and he wants to contact the bank for consultation.
Judging from Xiao Wang's situation, there is no way to repay after the deadline, and it is really impossible to repay as agreed. You can propose a plan to the bank and negotiate repayment.
1, sue
If Xiao Wang still has the ability to pay thousands of dollars a month, then the repayment attitude is positive, which does not belong to the situation of being able to refuse to pay back, and will not cause serious consequences.
2. Bank attitude
In fact, banks are also afraid that borrowers will not repay their loans. As long as the negotiations are in place and there is a reasonable plan, an agreement can basically be reached with the bank, because the bank is most concerned about whether the borrower will not repay the loan and delay a little time. For them, they can recover the principal, as well as interest and liquidated damages. There is no big loss in essence.
Therefore, within a reasonable range, you can boldly negotiate with the bank and don't be afraid of failure. The bank will collect the money anyway. You can't negotiate several times at a time, as long as you have a positive repayment attitude, there is no problem.