paying off your loans in saudi arabia

In the case of sums which are not huge and where the debtor has the potential, it is better to liquidate as much as possible in one solution; Even an amount equal to 70% or 80% of the original debt can make it easier for a person in financial difficulty to manage, and be equally favorable in the eyes of the creditor.

Obviously, the higher the amounts, the greater the tendency of the debtor to demand credit and pay installments. However, as we have seen, the latter solution is not always well received by creditors.

If you fear a refusal of credit and a request for revocation, it may be more appropriate to apply for a transfer of the facility directly to the judge.

The largest "savings" are obtained in the case of figures that do not include a mortgage; In the latter case, it will be possible to agree on amounts equal to up to 40% of the principal amount, provided that the creditor accepts a settlement solution after a court order.

On the other hand, if there is a mortgage (on the property, or in the case of mortgages), it is best not to be less than 50% of the principal amount; Between 65% and 70% you are likely to get a positive response from the creditor towards the balance and write-off.