What to do in case of difficulties with lease payments?

Jānis: “As it sometimes happens in life, I also had problems – the economic situation changed, I lost job, and the monthly lease payments became a heavy burden. However, I did what every responsible citizen would do – I immediately realized that I’ve got to take the bull by the horns and went to talk to the bank. I’ve come to understand that no one can solve problems unless the key problem-solver – that is me – gets involved.

I’m very glad that I didn’t get scared, didn’t believe various myths and rubbish. At the bank, the conversation was highly constructive, and we figured out which of the many options best suits my particular situation.

The main thing is to want to look slightly beyond your current problems, to act responsibly and also be ready to deal with issues on your part.”

If you’re interested in issues related to leasing for private customers, read more šeit.

Aleksandrs, a company director and owner: “My company is no exception to the overall economic situation. We, too, initially thought that we’ll be able to weather the crisis and that all will get back on track. But now it’s clear that we’ll have to work differently, think differently. The projects, which were calculated to bring profit in the past, now won’t pay off.

Consequently, we had to revise financing matters, too. Fortunately, we, at the firm, had enough courage and integrity first to tell ourselves what will be the things that will need change. Fortunately, we did it in good time; we went to the bank and openly showed all our financial data. But what’s most important – we demonstrated that we’re willing to deal with the matters and not try to distort something in the light of general uncertainty. Together, we came up with solutions – honest and sustainable.

It matters because we want to do our business on a long-term basis here. And then it is vital whether you are able to accept not so great times and continue to work. Because only those who get down to things, get to the end.”

If you’re interested in issues related to leasing for business customers, read more šeit.