When we are in loans overdue, we should take the initiative to communicate with financial institutions and fully communicate with them about our current shortage of funds. At the same time, we should also tell financial institutions that we are willing to repay, but at present, funds are relatively tight, and we should try our best to win the understanding and support of financial institutions. At the same time, we can propose to financial institutions to adjust the original repayment plan and extend the repayment period, so as to reduce the repayment amount of each installment, reduce our repayment pressure, and gradually repay the arrears of financial institutions by changing time for space.
Second, we should increase other sources of income and reduce unnecessary expenses.
After loans overdue, we must not give up on ourselves, but arm ourselves in more ways. Starting from the current work situation, squeezing out spare time to do other jobs, thereby increasing income, is called open source. At the same time, we should actively reduce some unnecessary expenses and reduce the monthly cash expenditure, which is called throttling. By increasing our net income by increasing revenue and reducing expenditure, we can use net income to repay the debts of financial institutions.
Third, we can borrow money from relatives or friends to pay off our debts.
Through our own efforts, if the funds we can raise still cannot meet the repayment needs of financial institutions, then we will continue to raise funds. You can borrow money from relatives and friends around you and pay off the debts of financial institutions first. We can communicate with our relatives and friends about our actual situation and gain their understanding. After that, we should work hard, increase our income, and then repay the loans of relatives and friends.
The most important thing is:
1, stop lending. After the overdue period, many users want to borrow more repayments on other platforms or withdraw their credit cards. This behavior of supporting loans with loans and supporting cards with cards is unacceptable. Although the overdue crisis may be temporarily solved, the accumulated interest and other expenses will only make the debt more and more, and eventually the overdue will break out. Therefore, don't handle the loan business after the deadline.
2. Apply for repayment through negotiation. In order to reduce financial losses, many platforms will consider users' negotiation applications. Take overdue bank credit cards as an example, you can directly apply to the applicant bank for extending the repayment period. According to the credit card management regulations of commercial banks, it can be divided into 60 installments at the longest, and the average repayment amount of each installment is very small, and there is basically no pressure.
3. Increase the sources of funds. If the overdue amount is small at present, you can ask your relatives and friends to return it temporarily without further delay. The longer the time, the less likely it is to negotiate. At the same time, it can increase the source of income, such as finding a sideline after work.