What is going to happen if my loan payment is not made in time?

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Quick
tip

First, we will inform you about
an outstanding payment via SMS
and email. 

First notification is sent out free of charge.

WHAT IS YOUR SITUATION?

I WILL MAKE THE PAYMENT RIGHT AWAY

In this case, you need not worry – there will be no adverse consequences.

I WILL MAKE THE PAYMENT LATER

We will contact you within a week and agree on further steps – e.g. temporary postponement of payments.

I WILL JUST LET THINGS BE

In case you fail to contact us or respond to our requests, we will send a reminder letter to you with a sanction of CZK 250. The matter will then be forwarded for further actions.

Do you already know you will not be able to make the next payment?

Let us know beforehand. Together, we will definitely find a way to resolve the situation. And you will avoid registration in the debtor’s registry, reminder letters, and sanctions.

What else should you not forget?

Make sure we have your current contact details (especially email and telephone number). In case we have your correct contact details, we can resolve many things right away. 

IT IS USEFUL

It is useful to have payment protection insurance that provides protection in the event of your incapacity for work or job loss.

MORE ABOUT THE PP INSURANCE

Updated: 03. 08. 2018

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