Credit restructuring in a bank/microfinance organization

Financial circumstances can be unstable, sometimes unpredictable, and problems related to repayment of credit obligations can arise with them. However, it is important to know that in such situations there are solutions and professional support that will help find a way out of a difficult financial situation. The law firm “Prykhodko and Partners” offers its services to clients who are looking for help in restructuring or closing loans in banks and microfinance organizations (MFIs).

Restructuring

Credit restructuring is a process of negotiations with the creditor and changes in the essential terms of the credit agreement in order to achieve new terms of loan repayment that will correspond to the financial capabilities of the borrower. This approach makes it possible to change the amount of the monthly payment, the interest rate, the repayment period or other terms of the loan agreement.

“Prykhodko and Partners” has experience and expertise in the field of credit restructuring. Our company offers a comprehensive approach to considering the client’s financial problems and develops individual strategies aimed at achieving the best results.

Algorithm of actions that should be applied for carrying out restructuring

First step

First of all, our specialists study the credit history and the terms of the loan agreement in order to find out the available opportunities for restructuring. We analyze the client’s financial situation, taking into account his income and expenses, in order to determine the optimal terms of restructuring.

The second step

After studying the credit history, we provide legal support in making an application or a solicitor’s request for credit restructuring, which allows you to be sure of the legality and correctness of the documents in order to achieve a further result. We interact with banking institutions and MFIs, representing the client’s interests and agreeing on favorable restructuring terms.

The third step

After the financial institution approves the restructuring or early repayment of the loan, lawyers monitor the legality of repayment of the monetary obligation, require the provision of the necessary documents as confirmation of closing the loan or changing the main terms of the contract. From this moment, the loan can be considered repaid or extended under new terms.

Services related to credit restructuring

The company “Prykhodko and partners” provides a wide range of services related to credit restructuring. Here are just a few of them:

• Analysis of the financial situation: Our experts will conduct a detailed analysis of your financial situation and credit obligations. They will identify potential problem points and offer optimal solutions to solve your situation.
• Negotiations with banks and MFIs: Our team of experts is ready to help you in negotiations with banks and MFIs. We have experience in conducting effective negotiations and can achieve the best conditions for loan restructuring for you.
• Development of a restructuring plan: We will help you develop a restructuring plan that will include new repayment terms, changes in interest rates or other options that will be beneficial to you. We will provide legal support and help in drawing up the necessary documentation.
• Closing the loan: If you want to pay off the loan early with interest and penalties written off, we can help with that as well. We will provide legal support and find the best way for effective repayment of your loan obligation.

So, if you have encountered problems with repayment of the loan and want to consider the possibility of restructuring or closing the loan, contact the law firm “Prykhodko and Partners”. Our specialists will help you understand your rights and the best ways to solve financial difficulties.