Is it possible to reach a settlement with the bank to pay a loan in instalments?

First, we must know the cases filed against your friend, and then we can contact the bank to settle the loan and pay the installments.

When the majority of people get a loan, they don't care about the conditions imposed by the bank to guarantee the repayment of the loan amount.

It is known that the bank wants to make a profit, and therefore all excuses related to late payment or non-payment are not acceptable.

I understand the difficulty of your situation, but you have to negotiate with the bank about your problem, and I am not sure that the bank will solve this problem.

I know how much you are suffering, but the solution in my opinion is to collect some money to pay off the loan as soon as possible.

I'm sure you didn't review the terms of the contract when you signed it, but you are bound by them.

Therefore, you should review the contract with a legal person to assist you in negotiating with the bank for a reasonable solution.

Dear User,

You can contact the bank to negotiate and come to a settlement or you may hire a lawyer to negotiate with the bank on your behalf to try to settle or reach a common agreement, for example, an installment agreement.

Furthermore, a common agreement can lead the bank to drop the case against your friend but if not, we suggest hiring a lawyer to represent your friend in the legal procedures of the case.

Don't hesitate to contact us should you need our legal help.

Regards.

The settlement depends on the decision of the bank.

If a judgment is issued against him, he can request installments from the judge.

Before the judgment, the settlement is with the bank only.