Managing Salaries to Overcome Your Financial Problems

Managing Salaries to Overcome Your Financial Problems

When caught in debt, the first step that is usually taken is to manage finances so that they can be allocated to pay the remaining outstanding loans. This is usually done when after receiving a monthly salary. Many ask what percentage of salary should be allocated in order to be able to pay debts, but actually there is no definite standard, because the needs and urgency of the debt problems that are owned by a person are not the same. Here we provide a number of steps that you can try to manage your salary to overcome your financial problems.

Make a Plan

Make a Plan

The best way to manage salaries to pay off debts is still in arrears, of course, by writing a written plan. Collect all the bills that you have, and write about which bills / debts you will take care of first. Calculate carefully the income you get, and how much you have to spend to find out which debt must be managed first. The usefulness of re-registering your bills is so that you know how many bills are and are more aware of not spending more money on other posts.

In addition, take advantage of your knowledge of the total amount that is still in arrears to seek additional income in order to more quickly cover the remaining arrears on the card. Set aside additional income and monthly bonuses (if any) to add debt payment allocations.

 

Prioritize Bills with Higher Interest with Minimum Payment (for Credit Cards)

Prioritize Bills with Higher Interest with Minimum Payment (for Credit Cards)

One of the things you can do is to make a minimum payment (although this is not recommended), usually 2-4% of the bill is in arrears. Examples that have been discussed in Debt Solutions are as follows:

You have 3 outstanding credit card bills. Let’s just say your monthly income is IDR 5,000,000 and you allocate funds of IDR 3,000,000 to pay off debt.

Based on the credit card you have here is the minimum payment required by the issuing bank:

  1. Minimum first card payment: IDR 800,000 with an interest rate of 3.25%
  2. Payment of the minimum second card: IDR 700,000, with an interest rate of 3%
  3. Payment of the minimum third card: IDR 500,000 with an interest rate of 2.75%

From the information above, it can be seen that the total payment of your minimum card is IDR 2,000,000. The rest of the money that you still have is Rp. 3,000,000, – you have to use to add credit card payments with the largest interest rates, in this case means the first card. So, the total you pay for the first card is IDR 800,000 + IDR 1,000,000, which is IDR 1,800,000. And so on, until your debt in the long term can be repaid.

 

Close Credit Card (If Debt on Credit Card)

Close Credit Card (If Debt on Credit Card)

Credit card scissors with the highest interest so you don’t return Tutup kartu kredit setelah utang Anda berhasil dinegosiasikan use it and increasingly hoard the total debt in arrears. Contact the issuing bank to help close the card. You can restructure the loan so that the debt you have can get relief, at the end of the credit restructuring program the card will usually be closed by the bank.

 

 

Contact Mediation Services / Negotiators for Help

 

As mentioned above, you can take part in a credit restructuring program from the bank to get relief. This relief can be in the form of one-time deductions, or extended installments with lower interest rates. Read more about the types of programs from banks that can alleviate debt here.

If you are confused about how to get a credit restructuring program, you can ask for help from mediation services or negotiators. One of the trusted negotiation services that can help you get a break in credit card debt / KTA is PT Parson Adams international Indonesia . As the only company in Asia that gets accreditation in helping to resolve debt problems by IAPDA , Parson Adams is committed to providing the best service and helping you get a discount from the bank that suits your financial condition.

To immediately get help from the Parson Adams team, please immediately click on the image below and fill in the data, so that our team can contact you.

 

These are 5 Myths of Debt Management Programs

These are 5 Myths of Debt Management Programs

 

There are many ways to get rid of debt offered on the market, some offer options for bailouts, cash swipes, etc. Of course the most effective solution is to follow a debt management program provided by a debt management company. This method is proven to free customers from debt problems in accordance with the agreement with the bank, and far from the word fraud. The debt management program itself can be obtained through companies that provide related programs.

 

Why is it better to use a debt management program?

 

Why is it better to use a debt management program?

 

There are several reasons that can convince why using a debt management program can be the best solution as a way to be free from debt. First, clients are usually educated to pay off debt, without leaving it without responsibility. Therefore, usually there will be a change or installment system that is changed, which is adjusted so that the customer can still pay off the debt regularly until it is paid off and is responsible for the relief that has been given

Second, the debt management program is usually agreed upon by the bank. So, this program is not an unclear program, which aims to harm the client. Basically the bank is also very supportive if you have good faith to pay off debt, therefore usually experienced negotiators from the debt management program company will convince the bank, in order to get the best program for customers. So, customers can pay off their debts with relief.

Third, debt management programs that are usually handled by experienced consultants. Consultants like this can help you in developing the best strategy in dealing with debt, especially if you have multiple credit card or KTA debt problems at once. Consultants can provide the best advice, about how the funds are allocated and which debt problems must be resolved first. Professional consultants like this can also help you overcome debt problems, so you can focus on finding funds to increase income, so that the remaining arrears can be quickly paid off and can be paid off.

 

There is no need to use a debt management program, because my debt will be clean myself.

 

There is no need to use a debt management program, because my debt will be clean myself.

 

In fact, the debt will never disappear by itself if it is not repaid by the customer concerned. Your name will be automatically recorded in the OJK SLIK system, and will still be recorded if the debt is not repaid. So even for ten years, your name will still be listed on the OJK SLIK blacklist . Therefore, the only way is to pay off the debt, request a full letter from the bank, and make sure that the bank where you are in arrears has updated the data to SLIK OJK so that your name returns clean.

 

Debt management programs are no different from fraud.

 

When looking for solutions to resolve debt, of course there are many things that must be considered, including whether this is in the form of fraud that can further harm you, and even does not solve the problem. Therefore, when choosing a debt management program provider there are many things that must be considered. Companies with debt management programs usually have clear programs, because they are based on the results of negotiations with the bank. Furthermore, the entire payment process is also paid directly to the bank, without going through the debt management company at all. Therefore, it also requires awareness from the customer side to understand the differences in companies that are truly trustworthy, and which ones cannot be trusted.

 

 There’s no way I can get a free discount from a bank. What is the basis?

 

 There

 

Discounts obtained based on the program that was successfully obtained by the company that provides a debt management program through negotiations with the bank. This program is not taken for granted, because it has to go through a negotiation process, besides that the bank also has several separate provisions to determine what kind of customers are eligible for a relief program. So, once again usually the discounts obtained are also already based on bank provisions and negotiations from the debt management program company.

 

 The debt management program only costs me a lot

 

 The debt management program only costs me a lot

 

Not at all, in fact you can save more by following a debt management program. However, there are some provisions that must be fulfilled, for example the DP that must be paid, or the regular payment of installments agreed upon with the bank. If only the customer is lost to default or fails to make payments on time, it is not impossible that the program will be paid and make the customer have to pay as before.

In addition, companies that provide their own debt management programs usually provide service fees. Remember to recalculate. Normally, a good debt management program company does not take service fees based on the size of the debt and ask for costs up front, but is based on the success of the negotiations as well as the large savings saved by the client.

 

The debt management program only plays a debt without paying it off

 

The debt management program only plays a debt without paying it off

 

Not at all, it is precisely with this program that you can be free from debt faster, there is a vision to be targeted and there is a definite time target to help you focus on paying off all debts. Another case if you continue to make payments with a minimum payment . The customer must continually make 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   minimum payment , you also cannot use the credit card for attractive promos that should be able to provide benefits. The more cards are used, then it will only burden you to pay off the remaining debt that is still running.

 

So, where can I get a debt management program from a trusted company?

 

So, where can I get a debt management program from a trusted company?

 

As mentioned at the beginning of the article, programs like this can usually be obtained from debt management companies, which have experienced consultants. One of them is Hardy Boys.

 

Hardy Boys 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. Hardy Boys Indonesia helps clients through debt management programs, specifically designed to suit 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. Hardy Boys Indonesia headquarters was established in Jakarta in 2015 by a founding team that has collective experience in finance including debt settlement for more than two decades. Hardy Boys made Indonesia the center of operations as well as a blueprint for the company’s development plan to other ASEAN countries. Since July 2016, Hardy Boys Indonesia has become the first company in Asia to be accredited by the International Association of Professional Debt Arbitrators (IAPDA).

Anticipation of Receivables Where to Do and How It Works For Companies } Business Finance

Anticipation of Receivables Where to Do and How It Works For Companies } Business Finance

 

Anticipation of receivables? What is receivables prepayment ? For businesses is one of the best credit operation, the operation works for those who want to receive cash immediately when they have reservations to receive in the future. This transaction is very uncomplicated, we can even say that it is extremely simple to get the necessary credit for the ease of reduced bureaucracy.

In anticipation for receivables companies, you withdraw cash receipt that already belongs to you, however, it has not yet entered your cash for good. But for this, the companies will have to bear the costs and fees that are charged with this anticipation by the credit companies, banks and financial institutions.

On the web, many lending companies in factoring and development are online regularly operating this type of credit for companies, the operation is done quickly and efficiently, in a few hours the anticipation money is already in the account of the client who made the exchange. If your online or offline business or commerce receives duplicate payments, credit card and pre-dated checks, you can, whenever you want, opt to anticipate these values ​​of your sales term.

How Prepayment Works

How Prepayment Works

What banks and factories do this type of transaction, almost all business owners and entrepreneurs, you know. That numerous financial institutions also carry out the anticipation of receivables and even companies that provide credit card machines like (Cielo, Network, GetNet, etc. The novelty is that now you can do this also via ERP system, more practical and simple. For your company to anticipate its duplicates with a fair interest rate, get to know Rapidoo.

Prepay receivables for your business

Prepay receivables for your business

The transaction is financial, and it works like this: the financial institution or creditor anticipates the amount you have to receive in the future, in doing so, a discount is applied related to an interest rate (commission) plus the cost of IOF financial operations). From there, the company is responsible for receiving the future title that you “sold”. That is, when your customer pays the bill, the credit invoice or the date of the discount of the check, who gets the full amount is the lender or the institution that anticipated the money for your company.

Do you need credit analysis to make the anticipation?

Do you need credit analysis to make the anticipation?

Although the operation is very simple, some procedures are applied in each company that enters the system, the institution that will make the anticipation of the receivables usually perform a credit scan with analysis of the companies, then need not say that if there is a sign of default or restriction in the CNPJ, the creditor or the financial institution will possibly give up the business.

Do not forget that in cases where your client does not pay the bills or invoices, who will be responsible for the debt is your company.

When to request the anticipation of receivables

In general, the anticipation of receivables is done as one of the alternatives that companies and entrepreneurs realize when they need money and increase their working capital. The biggest users of this modality are companies that sell products and services with timely payments, that is, they finance their products in the long term, but they have to pay their expenses, costs, inventories, suppliers and employees every month.

It is common for companies to bill the sale of products with terms between 30, 60 and 90 days, however, they have to pay some suppliers within 30 days, in this case, it will be necessary to pay cash, cash or advance money .

As we have already said, and important to research, compares to register and request, rule of the four. Find out the best companies that work with this type of credit and compare which one offers interest rates that really do not hurt your company.

It is worth mentioning that when anticipating your receivables it is possible that one or another customer will default and will not pay the invoice leaving a financial hole that may be of little value but may be a reasonable amount. Read also about the three situations that loans help companies.

 

Where to get the prepayment for receivables

 

Where to get the prepayment for receivables

 

Getting the prepayment of receivables is easy , most of the major banks and credit institutions in the country, in addition to the various companies managing credit and debit card machines, factories are experts in this line of credit and they are invading the internet. Check below the conditions to anticipate receivables in the main banking institutions of the country.

Check out the Pitch, Advance anticipation for receivables and Rapidoo what the conditions each one offers and workmanship. If there are still doubts about which the best credit search the blog you will certainly find relevant information for your decision. Click here or here.