Tips for liquidating a debt
Introduction
Ways to liquidate a debt: in the accounting range there is a myth, and that is that people with ‘financial health’ have a natural dowry to manipulate money. It would be great to reach the middle of the month without hobbies and form a heritage without depending on luck, but on our actions in an orderly and persevering manner. It can be said in general that 5 out of 10 people do not arrive with the necessary capital before finishing the fortnight, and of the same 3 out of 10 goes to loans between spouses to settle their economic debts.
Developing
In the purchase-sale businesses on credit: it is ordinary to find at some point that the debtor has payment inconveniences and the contract is needed to restructure in the amortizations process range. This is known as rights obtained by the debt and balance that favors the creditor. Forms of solution:. Reprogram your payments. As a first solution you must show your situation to the bank before borrowing to be able to handle the alternative of a reprogramming.
Here you can reschedu. Refinanciaciimient. In the same way, it has a cost in which your interest rate will increase considerably, and when this point is reached, it is possible to end in risk plants, such as Infocorp.
Buying debt: This alternative would be for a bank to be in charge of amortizing the loan you must. Banks give this option if you are an excellent or good payer, otherwise you do not have this option, so the ideal is that you do not wait long before requesting it. Analyze different alternatives: there are many ways in which negotiation appears, some will accommodate your needs and others not. Let’s not take the first option to solve the problem in a hurried way, there is always something that best suits your matter.
Review and attend to everything they indicate: it is necessary to have more continuous communication with advisors, since they provide you all the necessary information, in case you have doubts and questions. If you examine the circumstances you will prevent misunderstandings and negotiation will be faster and more safe. Keep a permanent communication channel: the advisor of a financial organization or the institution with which you have a debt, just like you, you also want to reach a resolution.
conclusion
Keep in mind that this process is developed in an open environment where agreements are provided more simply. Organize your finances: it is recommended to consider this situation, since the moratorium situation with payments warns that something is wrong in handling expenditures and income. Particular recommendations: It is recommended as an exit to an economic problem never deprive yourself of paying a loan because it will be the origin of a capital problem. In case of suffering a change in your economic reality, the ideal would be to approach the bank that you are owing and send them the detail of the problem before the maturity of the payment.
References
WILDEBEEST. ECLAC. (1990). Latin America and the Caribbean (P. 1). Santiago de Chile: United Nations.
Vargas, i. (2010). 5 ideas to end debts.
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