The existence of a credit facility makes it easy for consumers who use it. Physically, they can enjoy an item even before paying off. In addition, payments can be made in installments not burdening their finances. However, a number of individuals use it to be stylish in the public. There are also consumers who cannot afford to pay because the salary for that month has not yet come out. However, you don’t need to worry when you have the problem. This article will discuss how to deal with bad credit.
Add credit facilities
Credit is the best facility at this time. You can use the items directly without paying in full on the same day. However, if credit is still unable to be paid, then a consumer can consult the bank and ask for credit facilities added. For example, by dividing payments smaller so that they do not burden consumers.
Convert arrears into new credit principal
Prolonged credit has the potential to generate payment interest. This makes people more lazy and unable to spend money to pay for their credit. If you are in such a position, then try to come to the bank and request a delinquent conversion. This will allow you to pay credit and pay interest behind so that it is not heavy.
Exemption of interest to the debtor
If the method above requires a person to pay his credit interest, then this method is different. Usually banks will wipe out the interest held by consumers. Consumers are only required to pay the remaining principal loan. It’s just that this must go through a long process and ensure that consumers who will be subject to this facility are not financially capable.
Do the principle of diligent borrowing
Basically the loan is intended not to be more burdensome to people who use an item. Therefore, all you need is to do the principle of borrowing diligently, which is to pay credit on time. Then the existing debt will not accumulate and you do not mind paying the rest.
If you really don’t have the money left to make payments, then you can deal with it by mortgaging items that have the same estimate. Because, when the item is pawned, you don’t have to bother to think about how to pay off. Because, pawn goods that cannot be repaid will be confiscated directly by a pawnshop.
Play with the collector
This advice is for business people who run a credit system. The point is a collector who wants to always remind consumers of the condition. No need to use violence, just need to remind you at any time by coming home or via telephone. Who knows, the customers they face actually forget when to pay their credit.
For business people it is also important to run this system. This works so as not to make it difficult for people who are difficult in repayment to make a number of payments. In addition, estimates can also be facilitated by questioning how many items have entered credit, which can be taken into consideration by businesses.
Spend a certain amount of money for credit payments
An activity that is rarely realized by some people who experience Bad Credit is to spend some money. This will make it easier for each debtor to pay off his debt every month. Spend money according to the salary you receive, if at the beginning, then pay at the beginning, as well as when receiving a salary at the end of the month.