The Importance of These 4 Things Before Conducting Online Loans – Online money loans specifically for employees process fast, easy and competitive interest

Prohibition of the Financial Services Authority (OJK) against official online loan organizers to access contact lists, personal files from the user’s mobile phone are set in POJK 77/2016 and POJK 18/2018 concerning Consumer Protection in the Financial Services Sector. An appeal to make a loan at a company that has been registered and officially has already been done to consumers, here are a few suggestions so that the loan does not lead to a bump:

 

Check Online Loan Companies Registered at OJK

Check Online Loan Companies Registered at OJK

Borrow For Earning Needs Pay Attention to Your Installment Expenses Do Not Exceed 30% of Your Income. Borrow for productive needs, not consumptive, and not exceed 30% of income so as not to burden. Consider dependents or other installments that must also be paid.

 

Pay Installments Long Before Maturity

Pay Installments Long Before Maturity

Pay in installments on time to avoid swelling fines. In order not to forget to pay, install a calendar alarm on your cellphone or put a calendar on your home or office.

Avoid Digging the Hole Cover the Hole. Don’t repay loans with new loans to avoid getting into debt. Make paying installments a top priority after receiving a salary.

 

Learn Interest and Loan Fines

Learn Interest and Loan Fines

Before Borrowing Learn and survey the interest and penalties offered in advance. Choose an online loan that offers the lowest interest and penalties to make the payments easier.

 

Read the Contract Agreement

Read the Contract Agreement

Carefully read the contract offered, and ask questions if it isn’t clear. The rise of online loan companies aka borrowing money that provides high interest loans is also a concern of the Financial Services Authority (OJK). OJK’s Director of Licensing and Supervision Arrangement of OJK Hendrikus Passagi said that currently there are key features that the public must know in order not to become victims of illegal fintech. The main thing is that they provide very high interest loans to the billing process that is not fair.

Ethics of Debt Collection by Debt Collector

Are you currently facing problems with arrears from online loans? If so, of course you are getting familiar with phone calls or visits from debt collectors or the loan collector of the lending company.

Many people are scared when they are often contacted by debt collectors. Not only the borrower, sometimes the debt collector also contacts a family member or directly goes to the borrower’s home in trouble. Disruption of comfort due to debt arrears is a consequence of your inability to repay a loan. However, consumers also have the right to get protection from outside treatment by debt collectors. The following ethical guidelines that must be obeyed by debt collectors when conducting billing.

 

Official Identity of the Lending Company

Debt collectors always carry an official identity card issued by the owner of the lending company. If the debt collector who collects does not have an official identity, immediately contact the company where you took the loan.

 

Use of threats / violence / humiliation is prohibited

Debt collectors are prohibited from using threats, violence and / or actions that are embarrassing to customers who have bad repayments. If a debt collector who calls or meets you issues threats, violence or embarrassment, remain calm and remind the debt collector not to violate billing ethics in accordance with Best Bank regulations. Record the identity of the debt collector along with the day and hour of the event as supporting information when you report the case to the loan provider.

Using Physical or Verbal Violence is prohibited. Billing is prohibited using physical or verbal coercion. If this happens, report it immediately.

 

No Collections from Unpaid Debt Parties

debt loans

Debt collectors are prohibited from billing other than those who owe. Debt collectors are not permitted to collect debts from other parties such as close relatives or other people whose data are listed in the administrative provisions that you attach when taking out debt. You can cast a protest if the debt collector is also chasing your family related to the debt problem.

 

It is strictly forbidden to terrorize

debt loans

Billing using communication facilities is prohibited from being carried out continuously which is annoying. If the debt collector collects by phone, it should be done at certain times and not throughout the day. If you feel disturbed by the relentless calls from debt collectors, immediately notify the company that provided the loan.