According to him, there are several ways to reduce the debt burden, including refinancing, deferred payment, a lawsuit to challenge the loan itself, the use of credit holidays or the bankruptcy of an individual.
“At the same time, I note that the bankruptcy of an individual is not a quick procedure, which implies a number of risks, including reputational ones, but its indisputable advantage is that in the absence of liquid property, due to which debt obligations can be repaid, the latter will remain unfulfilled,” the lawyer specified.
He added that refinancing remains one of the most effective mechanisms today.
“It consists in a voluntary change by the debtor of the current lending conditions in order to reduce the financial burden by concluding an appropriate agreement,” Solovyov noted.
The specialist emphasized that another option to reduce or even get rid of your debt burden is to prepare and file a claim to challenge the terms of the loan agreement itself.
“The legal grounds for recognizing the contract as invalid may be the terms of the contract that are contrary to the current legislation, the absence in the text of the contract or its annexes of confirmation of the fact of the transfer of the amount of money, typos, filling in by hand, scanned seals and signatures,” the expert said.
In addition, Solovyov advised when taking a loan "soberly and impartially evaluate two things."
“The need for a loan and your ability to repay and service it (payment of interest, and in case of delay - penalties),” concluded the interlocutor of RT.
Earlier, the leading lawyer of the European Legal Service, Alexander Spiridonov, recalled measures to support the population and business.