Have you taken out a loan or a lease, and are there any delays in paying your monthly payments? What are the consequences and penalties? Is there the possibility of postponing the payment of certain monthly payments? When does the situation get serious? Can the spouse be requested by the bank?
When you take out a private loan, you agree to pay an amount X every month over a given period. Countless contingencies can put your finances in the red, which will cause late payments for some or all of your bills.
1. Payment on reminder
The first scenario is that you pay the monthly payment of your credit or leasing on recall. After all, you say to yourself that this is an invoice like any other and that a late payment is a trivial fault that has never had any consequences other than administrative costs? Would you not imagine that a request for credit or leasing in the future could suffer from it?
And yet! The ZEK considers that this is already a serious fault at this stage which damages your confidence index. It will inflict a ZEK 03 code on you which will remain registered for 5 years. Thus, all future requests for credit or leasing within this period of time are very likely to be refused.
How are these penalties presented, are they late interest, fixed costs?
Regarding late penalties, fixed costs start from 15 and can be up to 100! These amounts differ from one bank to another and are entered in the general conditions.
Exception with Credit Now
Credit-now authorizes twice the deferral of monthly payments without additional interest charges and without registration with the ZEK.
Some banks do this on an exceptional basis, with no impact on the client, but on an informal basis and are rather rare.
2. Reduction of the monthly payment
The second scenario is that the evolution of your financial situation no longer allows you to assume the amount of your monthly payment. Therefore, you request a reduction in your monthly payment from your bank.
A ZEK 04 code will result, more serious than the 03. It will also remain registered for 5 years.
3. Delay reaching 10% of debt
In the event of significant delay in payment amounting to 10% of the net amount of the debt, the bank is entitled to claim the total amount of the debt plus interest with immediate effect.
In general, this type of procedure leads to a court. The client will be forced to repay the full amount of the debt immediately, and if this is not possible, legal proceedings will be initiated.
If the person lives in a couple and the spouse is solvent, the bank can turn against the latter.