How to prevent solvency problems?

If you answer "yes" to some of the following statements, there might be reason to consider activities preventing solvency problems.

• You have or a member of your family has received a notice of dismissal or there is a danger of losing the job.
• Your salary or the salary of a family member is being reduced.
• You borrow money every month before the pay day (either from friends/parents or fast loan providers).
• You often make expensive spontaneous purchases exceeding your financial possibilities.
• Your priorities regarding monthly expenses are irrational (you spend too much money on services/goods which you actually do not need and due to that you are forced to save too much on food at the end of the month).
• You keep on postponing paying bills to the next period (thinking that more money will be left over the next month).
• You buy different goods/services on hire purchase without putting enough thought into it.
• You can foresee larger additional expenses (such as renovations, buying household devices, which are indispensable), which can only be financed from own funds.
• There is a car and/or housing in the family, the lease payments of which are too large to manage, while the income has decreased or is about to decrease.
• Unplanned offspring is about to be born into the family.
• There are different addictions in the family (alcohol, gambling, drugs etc.).
• You are the surety provider for the loans of several people.

What to do, if you already have solvency problems?

If you find, that you have solvency problems and are no longer able to pay the loan payments in time, then the following advice will help you to take the necessary actions:

• Be sure to contact us as soon as possible. Instead of allowing problems to pile up, an immediate solution should be looked for.
• In case of a single delay it is possible to change the payment day for one time.
• If there is a long-term problem with payment days, then it is possible to change the payment days for the whole schedule.
• If the income has decreased temporarily, then it is possible to take a grace period.
• If the income has decreased permanently, then is is possible to extend the payment deadline and by that reduce the amount of the monthly payments.
• If the standard solutions do not help, then arrange a personal meeting with our councellors.