Dispo terminated: Debtors turn the bankruptcy still off

Termination of the disposition credit

Termination of the disposition credit

The termination of the disposition credit by the bank is, according to experience, the last thing consumers need in a tense financial situation. If the money is tight anyway, the deletion of the usual line of credit quickly leads to financial collapse.

Banks can practically always cancel the repayment credit. You do not have to meet this deadline. Bank customers often do not even know that they have canceled the credit line because they are not notified. The fact that the credit line is no longer available is then only noticed when checking the account statements – or when urgent transfer orders are no longer executed, direct debits burst or the ATM no longer pays any money.

The bank is on the safe side in the event of a disclaimer.

The bank is on the safe side in the event of a disclaimer.

It can offset its outstanding debts against current receipts. As a rule, billing takes place over a longer period of time. However, this is very spongy and is ultimately at the discretion of the bank. In the terms of the contract, this can be said something like this: “The bank can terminate the credit at any time, taking account of the legitimate interests of the customer”.

For debtors whose budget is already tight and no longer offers scope for action, immediate action is required if the account is canceled. It should be sought immediately the conversation with the bank. This is the only way to ensure that the repayment can be extended over a sufficiently long period, leaving enough of the income.

An advantage in negotiating with the bank is a second account with another institution.

An advantage in negotiating with the bank is a second account with another institution.

The payment receipts could be redirected there. If the precarious financial situation has already been reflected in negative entries in Credit bureau and Co., opening an account is difficult. The voluntary commitment of the banks to the account on a credit balance basis for everyone does not always apply. There is no legal regulation.

Even the S-account, which has been due to every citizen since July, is not a rescue in the case of a disclaimer and weak credit rating. First, the legal claim relates only to the conversion of an existing current account into a Pfundenung account. A new account does not need to open a bank. Secondly, converting a covered checking account does not help offsetting the incomes against the negative balance – there is no such obligation.

If no agreement can be reached,

If no agreement can be reached,

There are several ways to prevent the worst. Who lives social benefits, can rely on a legal regulation. After crediting the service, the bank may not charge it with the outstanding balance for a period of 2 weeks. Employees can have their wages paid out in cash. Then the financial hardship can no longer be concealed from the employer. But at least the short-term existence is assured.

Best of all, it is to counteract early in the event of financial bottlenecks. A significant percentage of today’s over-indebted households could have prevented worse by rescheduling their debt in good time. Often, however, it is waited until direct debits are no longer lodged due to lack of cover and credit bureaus such as the Credit bureau learn of the financial difficulties. Then rescheduling is often no longer possible.

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