If credit benefits are weighing on the budget and non -compliance begins to be a real possibility, there are mechanisms and institutions that can help renegotiate or restructure debt. The good news is that these supports can prevent the situation from evolving to pledges, default interest and other charges that compromise the financial future.
Support mechanisms for those who cannot afford the credit
In case of financial difficulties, there are three fundamental instruments. The Action Plan for the Risk of Failure (Pari) is triggered by banks to prevent a customer from breaking payment.
The extrajudicial procedure for regularization of default situations (Persi) applies to those who have already entered and guarantees a negotiation space with added rights to the debtor.
There is also the Public Support System for Conciliation in Sispacse, managed by the Directorate-General for the Policy of Justice.
It is an extrajudicial mechanism in which mediators try to find solutions between the debtor and the creditors. According to the ekonomist, a website specializing in economics and finance, this process has a maximum duration of 60 days and implies a single cost of 30 euros for those who ask for mediation.
Support from specialized entities
In addition to legal mechanisms, there are institutions that offer free counseling. The indebted consumer support network (RACE) informs banking customers about their rights and accompanies negotiations in the scope of Pari and Persi.
The Support Support Office (Gas Deco), created by the Consumer Protection Association, operates in the restructuring of contracts and debts, helping those who were unable to comply with payments due to situations such as unemployment, disease or sudden income.
The APOIARE ASSOCIATION also provides specialized support, confidentially and freely, while the consumer indebtedness office (GOEC), the result of a protocol between the Consumer Directorate-General and the ISEG, accompanies families in the use of credit and insolvency processes.
What is at stake
Following can trigger court proceedings, default interest and even pledges. Therefore, acting early is essential.
The first step should always be to communicate to the bank the difficulties in complying with the contract, opening the door to renegotiations.
According to it, it is equally important to resort to certified entities and avoid promises of quick solutions without legal basis.
These official institutions and mechanisms exist to give real and transparent support to those facing indebtedness problems.
Also read:
