For someone who is in debt may often be confused to pay off a debt bill that soared. Even though there are options that can actually be taken, namely by following a bank program that can ease your burden, or commonly known as credit restructuring.
Definition of Credit Restructuring / Lightening Programs
According to the Bank Indonesia Regulation , credit restructuring is an improvement effort made by the Bank in credit activities to debtors who have difficulties in fulfilling their obligations. The results of this credit restructuring can usually alleviate customers so that they can better afford to pay. There are several types of relief programs that can be obtained, for example: getting a discount on credit, deductions with extended installments, or a combination of both.
To find out more clearly, let’s get to know 3 types of bank programs that can ease your burden on the following points:
One-time discount / discount
This type of relief program allows customers to pay their total debt reduced to smaller. As the name implies, even though the customer gets a discount in his debt, they must pay directly in one payment. The advantage, customers can be immediately free from disruption of debt collectors and feel more calm because the debt has disappeared. But on the other hand, the shortcomings of this program are that customers are required to have sufficient funds, because the debt payment can only be done once. If after obtaining a large total debt deduction and the customer does not agree, they will remain entangled in debt bondage.
Extended Installments with Low Interest
Unlike the one-time discount program, this one program is suitable for those who are financially less. In short, customers who have credit card arrears or KTA arrears can extend their installment tenure to be lighter, the interest earned is lower than the prevailing interest rate in general. Funds that need to be prepared to join this program are at least funds to pay DP (minimum 10% of total debt for a credit card or one month installments for KTA) or depending on the policy of the bank. The disadvantage of this type of relief program is that of course the total debt can be greater because there is still interest going on, even though the interest is lower than the general interest.
Another program with this one, this type of program is a combination of the two types of programs above, namely customers get a discount and the remaining payments can be made in installments. This type of program is only available in some banks. In addition, the bank will also see the conditions experienced by the customer first. If the customer has supporting conditions that make it more difficult to pay off the debt, then it is likely that they can get this program (provided that the bank has the program). The discount earned in this program will also not be as big as a one-time discount program. In addition, the installment tenor is also not possible throughout the installment program, the maximum installments are generally only 6x.
Which is Better for Me?
Of course, depending on the readiness of funds that you have at this time. In addition, you also have to adjust to the programs offered by banks, sometimes banks only provide a few options (not all are complete). To get a program that can alleviate and fit your current needs, you can use a trusted negotiation service. The function of using negotiation services is the element of professionalism and good relations with the bank, so that your arrears can be given more relief according to your financial condition. But of course, it is necessary to be aware of fraudulent negotiation services like this. To find out what debt negotiation services can be trusted, you can see it in the following link .
One of the credit card debt negotiation / mediation services and KTA’s trusted debt is PT Wilhelm Meister international Indonesia . Wilhelm Meister has a clear company profile, professional services, and has become the first Asian company that has been accredited to help resolve debt problems by IAPDA (an association of international standard debt settlement services companies).
After knowing the options that can be made to get relief for credit card debt or KTA, we hope you can decide on the most appropriate way to deal with your current debt bondage. Remember that the longer you struggle with debt, the longer your name will be free from the Bank Indonesia blacklist . The impact is of course you will find it difficult to apply for a loan in any form to the bank. So, solve your credit card or KTA debt problems now, and achieve your new financial life start by clicking and filling in the data in the picture below right now!