There are various reasons that can be the reason why someone cannot pay a credit card. Some are common, for example because of the backbone of the family of the deceased, a business that has a large loss, a disaster, or even just because of spending without control. These reasons can lead to nightmares that allow you to deal with the bank. When not able to pay for a credit card, customers must be more sensitive to finding various ways that can be done so they can quickly be free from the problem.
Stop Using Credit Cards
The first way to do this is of course by stopping the use of credit cards at all. Avoid carrying a credit card when you are going to travel, so you can avoid yourself being easily tempted to shop. Usually the magnet that causes the use of credit cards is soaring because there are offers that are obtained while traveling, and of course when there is no intention at all to shop. The higher the transaction, means that it will impact on your bill that is soaring. This will certainly make you increasingly unable to pay credit cards. Therefore, the best way is to keep your credit card in a safe place, and avoid carrying the card so you can better resist the urge to shop.
In addition to stopping using a credit card, another step that needs to be done when not being able to pay credit cards is to start cutting expenses. Try to see what expenses you always make every month. Then, evaluate all of these expenses, making sure that each fund allocated to each type of expenditure is sufficient. If you haven’t already, try to cut one by one every unnecessary expense. On the other hand, you can also begin to recalculate the allocation of funds that need to be spent on each expenditure.
Freelance, Freelance, Freelance!
Cutting expenses already, means it’s time to start increasing income through freelance jobs . Start to be more sensitive to opportunities that can help you to increase income. Of course to take advantage of the work, you also need to be more sensitive to other skills within yourself that have not been explored. Opportunities for side jobs such as translating articles from English into Indonesian, authors of blog articles, graphic design, or you can also add side jobs through skills that are often applied to your daily work. For example, if in your daily life you work in administration, try to be a side job in the field of data entry. Similarly, if for example as a tax staff in the company where you work, try to become a side job as a tax consultant for other acquaintances outside the company.
Close Credit Card
If you can’t pay your credit card anymore, then you should close the credit card. This can be done so that you don’t fall back into the same hole. Unfortunately, when closing a credit card, customers will be faced with a number of problems. Generally, because they don’t know how to close credit cards. Especially before closing the credit card, they are also obliged to use the remaining rewards, deactivate payment of auto-debit bills, and of course they must pay off all remaining arrears.
Unfortunately, the problem is of course, because the customer does not have the remaining money to pay for the remaining debts that are still running. Of course, because usually customers already can’t pay credit cards first. The step you can take is to use a relief program to pay off credit card bills with a one-time discount or low-interest installments with extended tenors. You can get this relief program through a company that provides a debt management program.
Companies that provide debt management programs will help you to provide the best strategy so you can be freed faster from debt. This can be done by looking at the ability to pay and the financial conditions that you are facing. Why so? Because companies like this are usually filled by a team of professionals and more experienced in negotiating with the bank so that you can get a better program for you.
Sutpen family 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. Sutpen family indonesia helps clients through a debt management program, 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. Sutpen family 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. Sutpen family makes Indonesia the center of operations as well as a blueprint for the company’s development plan to other ASEAN countries. Since July 2016, Sutpen family Indonesia has become the first company in Asia to get accreditation from the International Association of Professional Debt Arbitrators (IAPDA).