Some people do not have enough cash to buy a product and therefore resort to the alternative of taking it out on credit, but for one reason or another they end up defaulting on payments. However, what happens if you don’t pay your debt to Elektra?
Despite the benefits that we could obtain from this type of establishment, it is necessary to always read the fine print and avoid bad experiences or anguish.
Tiendas Elektra positioned itself in a low-income sector of the population that was looking for a way to buy furniture without paying in cash. This is attributed to its model of ‘small installments’, but it still caused a part of its clientele to be unable to settle their debts, to the point of questioning whether they can go to prison for not paying or what consequences it entails.
Can they put me in jail for not paying my debt to Elektra?
In short, no. If you are in debt Elektra or another department store, such as Coppel, will not send you to jail for your non-payment, since it is considered a civil debt, and in any case, what Elektra can aspire to is a judicial seizurewhich must be issued by a judge after trial.
However, to reach the embargo situation, a long road must be passed, which begins with the notifications of non-payment, then to your lack of subscription, because your qualification in the Credit bureau will be harmed, to such a degree of being placed alert keys in your history.
If after 90 days, Elektra does not receive a payment or negotiation from you, it has the right to sell your debt to a collection office, or proceed with a lawsuit to recover the amount of credit granted.
At this time, you will receive a notice of demand to go to the scheduled hearings, where the judge will determine the most effective way to end that problem. If they agree to an embargo, it will only be the duly identified authorities who access your home to remove the goods necessary to be sold and pay the corresponding part to Elektra, together with the accumulated interest.
At the end, Elektra recovers the income from your credit and if there is a surplus of the goods sold, these will be delivered for you to use. Finally, you have the right to file a complaint with Profeco if you are threatened and harassed by Elektra collectors.
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