Recent years is booming so easily get a credit cards. With the lure of free annual fee, the ease of getting Cashback, get shopping vouchers and the like making people swayed. Not a few people forget to balance between spending and revenues so that eventually could not pay the credit card bill. What happens if your credit card is bad? terror over the phone by a billing clerk every day you will face. Not infrequently, also you will be visited by debt collectors power (debt collector) to collect a force to you and your family. Surely you do not want that to happen to you. If you intend to settle bills your credit card debt, it helps you follow these tips:
1. If you're dealing with debt collectors, say so.
that you will finish your debts directly to the credit card issuing bank. Do not be affected by debt collectors stating that your credit card debt has been transferred to the debt collection company or a shelter where debt collectors negotiate with debt collectors regarding your debts. The truth is that bad credit card debt is not transferred let alone traded by banks. Third-party billing company is bound to a cooperation agreement with the bank in terms of billing services only. In fact very rarely credit card debt is sold or transferred to third parties.
2. Avoid hand money to debt collectors.
As much as possible avoid hand over the money or goods that are intended as a deposit to pay credit card bills. We recommend that you pay your bill directly to the bank. This is to avoid the possibility of your deposit embezzlement by officers debt collectors. It is important to note, the percentage of commission earned from the bank's debt collectors are calculated based on the existing deposit funds into your credit card bills at the bank, rather than the amount of money that you submit to the official debt collectors. If you are forced to hand over cash payments to officers debt collectors, ask for proof of a valid receipt of payment, so it can be used as proof of payment. Do not forget to monitor your deposit receipts to the bill to your bank account.
3. Contact the bank and set a time to meet.
Try talking to your bank rather than a permanent employee or officer of outsourcing contracts. Let them know you want to settle your credit card debt. Your desire will pay off in respond either by the bank because these good intentions.
A. Negotiating with banks related to your credit card debt.
Ask your credit card debt in the "Restructuring". Restructuring means that the structure of credit, interest rate and payment mode you reset. Your credit card is closed, then the balance of your credit card debt is converted into a loan with a fixed installment (installment already including interest) within a specified period. This method is more reasonable, for the following debt principal interest is calculated on the front and no longer result in the emergence of interest on past due bills (compound interest) as on credit card bills. Before approving the amount of debt that will be on the restructuring, have the first details of your debts. Usually the details of the debt consists of: expenditures that have been done, the credit card interest, late fees, annual membership fee (annual fee) as well as other administrative costs such as stamp duty and other costs.
B. Need Negotiate, to:
Request removal of components of the bill that comes from annual membership dues fee (annual fee) and late penalties, including administrative costs, because this component is relatively more easily removed from the bank accounts rather than interest component.
Ask for discount / discount on the interest charged to your credit card bills. These discounts vary, depending on the agreement between both parties. However, the range between 10-25% (even more, if you can negotiate well) of interest that should be borne.
As for the total principal debt from the purchase, usually the bank will not give you a discount, yet you also have to enjoy spending it, so it is fitting you pay for it.
Then set the time period for credit card debt menyicil. The range between 1 year to 3 years.
4. Focus on debt settlement.
During the restructuring period, you must discipline yourself to pay the mortgage on time in accordance with the provisions, and also discipline yourself not to use another credit card in advance that you may still have. Mute your consumerist desires. Mengunung debt, like it or not it is the result of your own behavior. You should dare to bear the consequences, like the proverbial "dare do dare to take responsibility."
If you are forced to deal with debt collectors, and moreover threatened not treated appropriately, immediately report it to authorities and cast a strong protest to the card issuing bank as well as other relevant parties such as the Central Bank as the supervisory activities of all banks operating. Letter of complaint can be addressed to the division of bank supervision at the Central Bank.
The most important is that you have good intentions to be responsible for completing debt and do not avoid it.( Let's To The Bank )
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