Clipping of news on Brazilian Culture, Law and Citizenship
11/11/2016
This article was translated by an automatic translation system, and was therefore not reviewed by people.
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1: Evaluate, revise, and adjust
Economic crisis, unemployment or even lack of planning are some of the reasons that can leave a consumer mired in debt. To get rid of them, you first need to assess how much you owe and how much you can afford to take on renegotiation. Then review the spending and adjust the household and household budget to it, advises Idec.
2: What to Prioritize
Prioritize the payment of debts that compromise survival conditions, such as water bills, electricity, gas, condominium, rent or property. Second, bank debts with high interest rates, such as credit card, overdraft, and loans come in.
3: Number of creditors
If the debts are in the same financial institution, request a proposal for a single refinancing of the debit balance, with lower interest and longer payment term. If they go to several banks and companies, and do not feel safe to renegotiate alone, look for Procon or the Public Defender, bodies that have specialized renegotiation centers.
4: Face-to-face negotiation
Many banks already allow the customer to renegotiate their debt over the internet. However, Idec advises that the consumer personally go to the financial institution to negotiate, because as the online solutions follow a pattern, they may not be the best for your profile.
5: Review of the outstanding balance
In the negotiation, request the review of the debit balance and the interest rate, and propose a longer period to start the payment. Demonstrate your willingness to pay off the debt, provided it is adjusted to your terms.
6: Get Out of the Debt Cycle
When you start paying for a renegotiation, it is important to reduce or eliminate your credit card usage, overdraft and request for new loans so as not to lead to a new cycle of indebtedness.
Source: Procon Carioca
To access the Procon Carioca website, click here.
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This article was translated by an automatic translation system, and was therefore not reviewed by people.