These days, there has been a surge in online lending services, from legal to illegal. Offering a variety of amenities for potential customers makes those who need fresh funds considered helpful. Instead of solving the problem, it happens that the customer is harmed because of the unlucky flowers.
Eventually, the debtor will instead incur endless debt. As of late, it has been widely criticized by many media outlets, where some debtors have ended their lives due to debt.
Online Loans Can Help If There Is No Problem
Seeing the incident has certainly caused many people to resort to online lending. While online lending is one of the fastest-growing solutions for funds, at least there are many solutions.
Because of this, we do need some points to keep in mind when dealing with a problematic online loan. Here are some tips to get you out of trouble with online loan applications :
Be aware of the Obligations of the Borrower in accordance with Article 1740 of the Civil Code
Citing Article 1740 of the Civil Code stipulates that each type of loan either online or non-online shall be paid. It emphasized that every debt owed has a strong legal umbrella and must be obeyed by every citizen without exception.
If you violate that section, you are in violation of any applicable law. So it is not surprising that the civil case settlement process sometimes ends up on the green table.
Propose Loan Restructuring When Loans Are Excessively High
As a debtor, We are often depressed because of delinquency and are often burdened by the notion that lenders can take various ways to recover the loan.
However, not all of these assumptions are true as a debtor, We also have the right to be able to apply for restructuring if we find it difficult to pay off the pre-taken online loan installment.
Debt restructuring in the case of personal debt refers to a mutually agreed-upon loan agreement between the borrower and the lender. This can be done if the lender has financial difficulties so that when installing the installment loan it is stopped. To be able to do this restructuring usually, the debtor must first submit it in writing to the creditor.
Report to the Policies If You Are Inappropriate by the Lender
As problematic borrowers, we often find ourselves under threat and even lenders even threatening, disseminating personal data, scams, and defamation. If you have been treated as such, please do not hesitate to report to the appropriate authorities.
Failure to do so will only worsen the situation in the midst of difficulty paying the bills, and even less likely to cause the debtor to become traumatized.
The trauma experienced by the debtor can lead to the debtor’s psychic and can even end his life. This could be due to threats made by online lenders, ranging from acts of dissemination of personal data such as phone numbers, theft of personal data such as co-workers used for billing, intimidation, and fraud.
LBH itself mentions that such acts can be categorized as acts against crime. If you as a customer are treated as such, please do not hesitate to report to the appropriate authorities. You as a customer have at least a strong legal umbrella as set out in Article 8 Section 1 of the Policy Rule. 12 of 2009.
Report to the Authorities as Needed
Here are some things you need to do if you find a problematic online loan. Feel free to report to the appropriate authorities if you find yourself in any danger. Also, remember to keep paying your bills on time so that your loans stay smooth and have no problems. Good luck!