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October 06, 2016 23:03

How to calculate the delay of payment .How to make a deferred payment .

Deferred payment - a concept associated with the lending area, retail and wholesale trade.This transfer of the date of repayment of debt at a later date.Sometimes there are situations in life when you must use the deferred payment and it is important to know how to calculate it.

1
If taken in installments for goods stocks, the supplier may withdraw a percentage discount on the shares.Then give money will come later, but in its entirety.In this case, there is a formula to calculate the profitability criterion.And it is quite simple.The cost of delay = number of days of delay / * 360% annual loan * value of the transaction.

2
In the case where you have a loan and under certain circumstances you can not in time to make the necessary payments, it is necessary to examine the credit agreement.Often in the contract, you can find a point at which stated that the payments can be suspended for a certain time.In other words, it is a credit vacation.However, after the holidays the price of credit paymen
ts on the loan will increase.This should take into account in the calculation of deferred payment.

3
If the credit agreement does not provide credit vacation, it is possible to write a letter to the address of the financial institution with a request to restructure the loan.To this end, in addition to the request for postponement, the amount of change in payment or extension of payments, it is necessary to attach a document confirming the difficult financial situation.For example, a certificate of employment, a certificate of illness or change of family circumstances.

4
happens that the borrower on their own to arrange a vacation credit, without notifying the staff of the bank.At the same time believes that this delay in payment.But in this case it is rather a delay in payment, which then threatens to increase payments on the loan for violation of obligations or a fine, as well as the transfer of the case to court.Therefore, it is advisable not to bring the situation to such a risky business.

Deferred payment on a loan or to purchase a product often is not profitable for the borrower.However, this fact negatively affect the credit history of a person that can ruin his relationship with the bank.