Have You Been Financially Independent?

Have You Been Financially Independent?

The meaning of independence is always identified with the victory of Indonesia free from foreign colonies. However, it turns out that the meaning of independence is not the same from one another, here is the meaning of independence from some of our speakers:

“In my opinion, independence is not just a formality, not just about what someone will do for his country. But independence is something that should be shown in the application that someone does in everyday life, because of every choice he makes, every way of talking , every choice he makes, it can be clearly seen whether he is independent or not. ” – Luccian T. “Independence means free from financial problems, free of installments,” Daniar Z. “Independence is free to be creative, free to do whatever we like,” Yodhi and Sheila H.

Financial Independence

Financial Independence

Apart from the many meanings of independence, actual independence can now be seen in various ways, such as freedom of expression, freedom of expression, freedom of work. One form of independence can be freedom from finance. For some people, the definition of financial independence can be when someone is already at a point where he has lived enough, without having to actively seek income to meet his daily needs. For those who are financially independent, they usually have assets that generate higher income than their expenses.

The meaning of financial independence between one person and another is also different. Some think that this means that they already have assets in a certain nominal value. Even though the lifestyle of one person and the other is not the same, so there is no definite standard whether having money in a nominal amount can be considered financially independent.

Then, does financial independence mean free from debt? What about those who have good debt? Does that mean that you haven’t gotten financial independence? Of course not, those who have good debt usually have funds to repay ongoing loans. The debt can be allocated to run a business, for investment (home ownership loans, etc.), for shopping, etc. Of course people who can still repay debt installments every month can still be considered free.

In contrast to those who have debts that do not run and continue to mount, usually begin to feel stressed and emotionally depressed. They are often haunted by anxiety because of annoying debt. For those who are unable to make regular payments, of course it is far from the term ‘financially free’. (Also read: This is the One Who Must Do When Debt )


Apart from Debt Collections

Apart from Debt CollectionsApart from Debt Collections

The way to get rid of this haunting debt colony is of course by paying off the debt. One solution that can be done is by negotiating debt, so that it can get a relief program from the bank. Such relief can be in the form of deductions for total debt, or in the form of installments with an extended tenor, and of course alleviating the customer.

You can use Ayesha’s services to help with the negotiation process, so you can get a relief program. The Ayesha team is ready to help you get financial independence. Please click on the picture at the end of this article to get help from our team immediately.

So, are you ready to achieve financial independence? Independent!


Real Estate Financing } Credit Loans

Real Estate Financing } Credit Loans


Much has been said about the companies, but does everyone already know what role this developer has in Brazil? TENDA is a renowned Brazilian construction company and developer, currently it can be said to be one of the main dreams makers in the segment of constructions of popular houses. Its projects focus on construction projects in the economic profile, this segment serves the population with lower purchasing power.

Although the companies has existed for 42 years, only in 2008 was it acquired by Gafisa SA, since then it has been the only one to manage its business. Active in more than 100 cities located in twelve distinct Brazilian states, TENDA has 17 properties and a staff of real estate sales specialists, as well as the entire process of housing acquisition. Your service is always personalized and directed to the best purchase.

TENDA has already delivered more than 55,000 units over 42 years of market, with 1/3 being only in 2011 and 10 thousand units only in 2012, which leads us to believe that the construction company is in full expansion and winning the confidence of new customers.

The Merger and Construction Company has a very strong partnership with Caixa Econômica Federal, so if you want to get out of the rental, you want to face the purchase of the house, but do not have any reserve, TENDA’s suggestion will be real estate financing through Caixa.


Construction and Finance 

Construction and Finance 


With the property financed by Caixa, you acquired your residential property and get rid of the rent once and for all. The entire process done by TENDA focuses on establishing the benefit of the contractor with the best choice. One of the advantages in the real estate loan with TENDA to purchase the property is to be able to choose the number of installments that you want to pay and also the term to finance the debt of up to 20 years. It is worth remembering that some factors directly influence the approval to not credit, the income for example is one.

It is also possible to conquer the house itself through the Minha Casa Minha Vida Program, a housing project developed by Caixa Econômica. The Program assists families with gross income up to R $ 4,900.00. It offers many facilities, discounts and subsidies and also counts on the support of the Federal Government, States, City Halls, Companies, Cooperatives, Associations and Non-profit Entities.

It is well worth any effort to purchase the house itself, not only to enjoy a living space, the house itself is a patrimony for all life and for the whole family and can be done a real estate financing Tenda and Caixa for this. 

Stop Paying Minimum Payment Credit Card Bills

Stop Paying Minimum Payment Credit Card Bills

Some time ago we discussed three types of credit card payments : full payment every month, paying with a minimum payment , and not paying at all / in arrears. This time we will discuss more deeply about payments with a minimum payment, including the definition is a definition, an illustration of payment of a credit card bill with a minimum payment, up to the steps that must be done if you have already paid the bill with a minimum payment.

Definition of Paying a Minimum Payment Credit Card Bill

 Definition of Paying a Minimum Payment Credit Card Bill


As the name suggests, the minimum credit card payment is a payment made by the credit card owner by paying only (on average) 10% of the total arrears + bills that are still not paid off in the previous month (if any). This type of payment is a favorite option especially for those who are afraid to enter BI’s blacklist . However, is it true that paying a credit card bill with minimum payment is the right choice? Let’s see more.

Reasons Why Paying a Credit Card Bill with Minimum Payment So Favored?

Paying bills with a minimum payment is often used as an option if the credit card holders. This is not without reason, the option to pay bills with a minimum payment is so popular because of course the card owner does not need to make a full payment, and can still allocate the remaining money to make other bill payments. This condition is taken when the card owner is not able to pay off directly in full, but does not want his name listed on the BI blacklist.

Yes, even if you don’t make a full payment, you don’t need to worry about your good name. The bank will still assume that your payment is smooth because there is no arrears at all. This means, credit card owners will avoid the threat of IDI Historical blacklist, which will make it difficult to apply for loans again in the future.


But really, paying bills with a minimum payment is not the best way because it won’t make you free of debt at all. Why so? The following is an illustration of the payment of the minimum credit card payment , which can make you see first hand how the payment has affected the repayment of your credit card debt:

Illustration of Minimum Payment of Credit Card Payment

 Illustration of Minimum Payment of Credit Card Payment

Irwan Ibrahim, Director of Customer Solutions, PT Titus Groan International Indonesia, illustrated the payment of a credit card with a minimum payment to show the effectiveness of paying credit card bills with minimum payments to pay off all bills. In this process the card owner is conditioned not to use his credit card again, and tries to continue paying off until the remaining arrears are used up. The following is an illustration of credit card repayment with minimum payment:

Budi has a credit card debt of Rp. 50,000,000, with an interest of 2.25% and an annual card fee of Rp. 300,000, because he is unable to pay the bills in full every month, so Budi decides to make a payment with a minimum payment of 10 % of the total arrears each month until paid off. In this case, Budi did not use the card at all and only focused on paying off arrears with a minimum payment . How long will it take for Budi to be free of arrears?


We can see that the debt can only be repaid with a minimum payment in the 67th month or after 5.5 years. Just imagine if you become Budi, it means you have to survive without using a credit card at all to pay off the remaining bills. Even though in fact, if Budi makes regular payments and can use a credit card to the maximum, Budi can use it for other useful promotions to shop cheaper. Too bad if the credit card is not used at all and is only used to pay the remaining arrears? More complete, you can also check the credit card repayment simulation with minimum payment here or click the picture at the end of this article.

Stop Paying Credit Card Bills with   Minimum Payment

 Stop Paying Credit Card Bills with   Minimum Payment

After seeing from the illustration of the minimum payment bill payment made by Budi above, you can see that actually Budi as the owner of the credit card is just hoarding debt without completing it at all. Budi still cannot avoid the interest that continues to run behind the payment of credit card bills with minimum payment. Therefore, this of course only makes it longer pay off debt. In Budi’s case, with a debt of 50 million, it could only be repaid 5.5 years later.

Cases like this can happen as well as you. Based on what is experienced by Budi, you as a card owner must continually pay credit card bills with a minimum payment for years if you want to pay it off. Not to mention, when you want to focus on paying off your credit card bills with a minimum payment , you also can’t use the credit card for attractive promos that should be able to give it a profit. The more cards are used, then it will only burden you to pay off the remaining debt that is still running.

If indeed you have already paid the minimum payment of a credit card, there are a number of steps you can take to overcome it:

Stop Using a Credit Card and Reduce Expenditures

 Stop Using a Credit Card and Reduce Expenditures

If indeed you start paying credit card bills with a minimum payment, then it’s time to stop using credit cards. This is useful to minimize the high accumulated bills. Just imagine, if you have to pay the bills this month, you already have difficulties, especially if you have to accumulate with new bills. Not to mention the interest charged in late payments, of course, it will make you more difficult to pay off.

Not only have to stop using credit cards, you also have to actively reduce expenses. Try to review the monthly expenses that you often do. Look again at any type of expenditure that must be trimmed, pay attention again what household expenses should be saved so that it can help reduce expenses. Cutting out expenses can be done from the simplest things, for example if you are used to traveling by taxi online, try replacing them with online motorcycle taxi or other public transportation options when traveling. If you are accustomed to shopping on modern markets that are more expensive, it never hurts to start switching to the nearest traditional market that offers much cheaper prices.

Do not miss, when going to cut expenses, try to pay attention to any expenditure that must be done regularly. It is not intended to further increase expenditure, it’s just that this needs to be done so that later it won’t further burden extra expenses in the future. Expenditures that must be paid regularly even though they are cutting expenses such as health insurance and other insurance. When you are sick, the cost of the premium you pay each month can bear good results, so you no longer need to incur additional costs.

Use Available Savings

 Use Available Savings

If you are forced and not closed, try to use other sources of funds to start paying off all credit card bills in a timely manner. One option that you can use is a savings account specifically for savings. Although forced, but in an emergency like this money saved in a savings account can help free you from credit card bills. This is because the credit card interest is quite high compared to the savings interest. Basically, if indeed your credit card debt is high enough and you have not paid in full, it’s good to use savings.

Utilizing Emergency Funds

Another source of funds that can be used to pay credit card bills is an emergency fund that has been deposited in the past few times. If you save enough regularly, of course you must have set aside an emergency fund every month. As reported by Liputan6.com , financial expert Safir Senduk revealed that you should set aside a minimum of 10% of the salary earned every month. On the other hand, if the risk of work gets bigger like working as a freelancer, professional, singer, enlarging the reserve fund of 6-9 months of expenditure, but if you are an entrepreneur, at least prepare funds of 9-12 months of expenditure.

Emergency funds can be collected using savings plans that automatically do auto debit every month from your transaction account. Another way to collect emergency funds as a way to pay off debts quickly is to collect people who still owe you. Usually the amount of accounts you have can greatly help you to raise funds to pay debts.

Ask for Nearest Family or Friend Help

If you are forced to, you also make payments using help from family and closest friends. Of course a big commitment is needed if you choose to do this one option. Loans from family or closest friends are usually not accompanied by interest, and tend to be more mitigating. However, you must return the money in accordance with the agreement made, so that the relationship that has been established remains good without new conflicts arising from the loan.

Look for other ways to get relief in paying off credit card bills

If you use a minimum payment because you are unable to pay it in full, there are other ways you can do it. The method is to take part in a bank relief program. This method is certainly better than continuing to make payments with a minimum payment, which is not much different from delaying the arrears of cards. You can take part in a relief program so you can get a discount in paying credit card bills.

Relief Program to Pay Off Credit Card Bills

 Relief Program to Pay Off Credit Card Bills

As already explained, there are other ways you can use to pay off your credit card bills that continue to swell, namely by following a relief program. It is often found that paying bills with a minimum payment is made due to the inability to pay from the card owner. Some of the main reasons why someone is in debt, for example, losing a family’s backbone, losing a job (the company where he worked to reduce employees), hit by a disaster, or a business that went bankrupt.

To overcome this, you can use it   3 types of bank programs   which 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%. So, you don’t have to wait for years to pay off debt, and of course accompanied by a larger total discount.

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%.

Installment Discounts

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. When this is a consultant from a company that provides a debt management program has a role to help you get the best relief, so you can pay off the rest of your debt, without the need to pay credit card bills with minimum payment continuously. One company that you can use is Titus Groan.

Titus Groan 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. Titus Groan Indonesia helps clients through a debt management program, specifically designed according to the different needs of 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. Titus Groan Indonesia’s 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. Titus Groan made Indonesia a center of operations as well as a blueprint for the company’s development plan to other ASEAN countries. Since July 2016, Titus Groan Indonesia has become the first company in Asia to get   accreditation   from the International Association of Professional Debt Arbitrators (IAPDA).