Solve doubts with seats with peace of mind and no headache possible. You need to get organized, calculate how much you owe, what you can really afford and have all the information about the contract and conditions. Here’s how to resolve bank debts in this walkthrough:
Calculate the total of your bank debts
The first step in resolving debt-free banks is to be clear about your situation. It’s only important to start trading when you know how much you can really pay each month. For this, calculate the total of your debts, without forgetting to include the interest charged. Then write down your monthly net income and subtract all your essential expenses, such as housing, food, and health. After this account, it is time to cut down on unnecessary spending. The final balance is what you can pay the bank monthly to settle your debts and should be used as the basis of the negotiation.
Review your bank contract
Before leaving for debt renegotiation, it is important to review the contract with the bank to make sure that there are no irregularities, such as charging additional fees or causing serious losses. Consumer-friendly. It is also advisable to review the calculation of the outstanding balance. If you suspect that something is wrong, it is important to seek out consumer protection agencies and the Bank.
Research conditions other banks offer
If you find a financial institution that offers the best payment terms, you can migrate your debt to it. Research interest rates, terms, and benefits offered by other banks. If they are better, negotiate with your financial institution so that it offers similar conditions. If unsuccessful, migrate your debt.
Negotiate with the bank and the manager
Although some banks already allow debt negotiation to be done online, the best option is to always go for personal contact with the financial institution. a proposed agreement. Do not forget to document in writing everything discussed, even considering the signing of witnesses, if the agreement is made at the bank. If your bank only accepts the negotiation via telephone, keep the attendance record.
Review bank counterproposal
It is important not to accept at first the counter-proposal made by the financial institution. Take time and calmly review all conditions of the agreement. Check that the payment term is not too long and that the interest rates charged are in line with market rates. If you feel that the conditions are not favorable, do not hesitate to submit a counter-offer according to your means.
Avoid New Bank Debt
After renegotiating your debt, it is important to be careful not to unbalance the finances again. Avoid further debt so as not to risk having to negotiate with the bank a second time and risk even worse payment terms.