When you start to have debt arrears that cannot be repaid, of course you will certainly continue to find a way out in debt, so that the name on the BI blacklist can be cleared. This certainly needs to be done so that in the future, you can still apply for a loan, especially if it is sudden and requires a lot of fresh funds.
For this reason, let’s look at some of the debt-stricken ways you can do to get your new start immediately:
Start saving from now
It cannot be denied that the way out in debt that must be done first is to start saving from now on. Begin to evaluate again the types of expenses that you usually spend each month. From here, try to see which types of expenses must be cut, and no longer need to be issued. Examples of funds to be cut are for example sports membership fees that must be paid per month because they can be replaced with other cheaper types of sports such as jogging, transportation costs to the office by online taxi which can then be replaced with the commuter line / Trans Jakarta and sharing costs with friends office, or snack costs lunch in the office canteen which was replaced by bringing lunch from home.
Later, you can allocate saved funds to start saving little by little to meet the debt repayment needs that you have to do. Even if it saves you a little, believe me at the end of the month you can see for yourself that it turns out that from the many costs being cut, you have made a total savings far greater than what you imagined!
Utilizing Owned Assets to Increase Revenue
One way to get out of debt is to use the assets you have. If you currently have assets in the form of a car or house that can be used. How to use a house for example by renting empty rooms that are not used as a monthly boarding house or daily rent. You can use AirBnB to benefit from it. In addition, you can also use the strategic condition of the house as a parking lot, especially if the location of your home is close to stations, office areas, shopping centers, schools, and other busy locations.
Not only in terms of property, assets in the form of cars must also be utilized as much as possible. Try to see if there is an opportunity to start a shuttle business for school children around you. Take advantage of the connections that you have with fellow parents to get new customers. Another way that is also quite often done now is to use it as online transportation . This type of transportation is popular in recent years. So many people use their cars or motorbikes as online transportation media so they can increase their side income.
You can also copy this method of course. Alceste currently has a partner program with UBER , where you can enter the UBER referral code from Alceste, to get a bonus of Rp500,000 – after making 50x trips.
Following the Refinancing Program
In simple terms, refinancing is interpreted as a step to use a new loan to pay off old debt, only this new loan has provisions that are more mitigating than the old debt, for example lower interest rates. Means it’s like digging a hole to close a hole, right?
If interpreted roughly, the answer is yes. But actually the refinancing program can be the right and wise step if you are able to choose a program that is really good and not more burdensome. You have to know exactly how much interest is given through a new loan, if it’s the same or even bigger, of course this won’t help you to be free of debt.
Usually in applying for a refinancing program, a collateral will be needed (it can be a property / vehicle). Later the assets of the house / car that you submitted will be estimated, this is where you can get a new loan. So, the cash you get can be directly used to pay the remaining old arrears. In the meantime, you also have to pay off the loan until it is paid off.
How do you take part in a refinancing program like this? You can contact a consultant who helps with your debt management , to get recommendations from financial institutions that can be trusted in providing loans. Choosing a good financial institution is something that you must pay attention to, so that you do not choose the wrong interest program, and loans that can be directly used to pay the debt.
Debt Relief Program
The way out is getting into the fastest debt, of course, by following a debt relief program. There are 3 types of bank programs that can ease your burden in paying off debts that are still running:
One-time discount / discount
This type of relief program allows customers to reduce their total debt to smaller amounts. As the name implies, even though the customer gets a discount in his debt (generally 20-50%), they must pay directly in one payment. In some cases, this one relief program can give cardholders a discount of up to 70%.
Extended Installments with Low Interest
Unlike the discount program in one pay, this one program is suitable for those of you 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. If the normal interest currently running is in the range of 2.25%, then it is possible to get interest of only 0-2%.
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. 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 in question has the program).
To get a relief program like the three options above, you can ask for help from a company that provides debt management program services. Companies that provide debt management programs like this usually have experienced teams that are professional in helping you to strategize in paying off debt. Not to mention if you have multiple debts in various banks at the same time, of course a company that provides a debt management program can help you to formulate a strategy and decide which type of arrears must be completed in advance according to the financial conditions that you have. One of the advantages of using a company that provides a debt management program to overcome your credit card debt problems is that you can focus on finding funds to pay off debt. One company that you can use is Alceste.
Alceste international is the first technology-based professional services company in Indonesia, which provides a debt management program. This program is designed so that consumers who are in debt, have the ability to control their finances again. Alceste Indonesia helps clients through debt management programs, specifically designed according to different needs for each client. This program is a combination of education on various opportunities to increase income and reduce expenditure, as well as conduct negotiation processes on existing bank debt requirements to reach the amount of payment that is in accordance with the ability. The Alceste Indonesia headquarters was established in Jakarta in 2015 by a founding team that has collective experience in the financial sector including debt settlement for more than two decades. Alceste made Indonesia as the center of operations as well as a blueprint for the company’s development plan to other ASEAN countries. Since July 2016, Alceste Indonesia has become the first company in Asia to get accreditation from the International Association of Professional Debt Arbitrators (IAPDA).