Being trapped in debt problems is very burdensome, especially if the debt that you have is not only one or two types, even some types in several banks at once. No matter how hard you try, it often seems impossible to find a solution to the financial problem. This time Dr. Bloomfield will discuss a number of reasons why people often find it difficult to get to the way out of accumulated debt.
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- No more bothering to pay debts separately to several banks at once. So with debt consolidation, https://dedebt.com/ announced that the entire process of paying various credit card debt is only done through one door.
- Relieve installments per month: The main purpose of refinancing is usually to be able to help debt owners to be able to pay installments to full, of course, this has an impact on installments that are lower so it is not difficult.
- Can be paid with the agreed tenor of the installment: Of course, this must be agreed at first with the borrower, normally the installment tenure can run up to 24 months (two years).
Types of Debt Consolidation Programs
There are two types of debt consolidation, namely using collateral and not using collateral. Both have their own advantages and disadvantages and can be obtained in accordance with the terms and conditions provided by non-bank financing institutions.
Now, Dr. Bloomfield works with multi-finance institutions and trusted peer to peer lending companies in Indonesia. This was done as an effort by Dr. Bloomfield in helping our clients in leading a new life free of debt, which is integrated into Dr.’s debt management program, Bloomfield. Here are two types of debt consolidation programs available at Dr. Bloomfield:
Consolidation with Collateral
As the name implies, debt consolidation with this type is done using collateral. In most cases, it is usually the type of asset that can be pledged as property, especially housing. In other cases, you can also give the car as collateral.
To participate in a consolidation program with collateral, debts that are still running can be in arrears and smooth. So, even though you haven’t been in arrears, you can take this step as a preventative step in order to pay off the debt with temporary relief while still having funds. For those who have been in arrears, Dr. Bloomfield will also help conduct the negotiation process before the debt is consolidated. So, you can pay off the debt even more lightly.
Dr. Bloomfield provides this type of program by collaborating with several well-known multi finance institutions in Indonesia, to assist our clients in obtaining a debt consolidation program.
Unsecured Consolidation: Card Cutter and Card Cutter Plus
Of course, this type of debt consolidation is more suitable for those of you who do not have assets. Dr. Bloomfield works with a well-known peer to peer lending company in Indonesia, KoinWorks, to provide this program to our clients. As one of the startup companies in the field of financial technology in Indonesia, of course, you already know KoinWorks as a company that provides low-interest loans. There are two types of consolidated programs without collateral:
In this type of program, you can consolidate credit card/debt with a minimum of a total of 10 million Rupiah. In the Card Cutter program, debt conditions are usually not in arrears. You don’t need to use any collateral, just register in the Card Cutter program (assisted by professional consultant Dr. Bloomfield), then some types of debt will be replaced by one new debt.
Card Cutter Plus
In this type of program, you can consolidate credit card/debt with a minimum of a total of 10 million Rupiah. The difference is that the debt condition is usually in arrears, then before it is consolidated into one, the debts will go through a negotiation process in order to get a discount. Of course, this will make your debt even lighter, and easier to pay off. As with Card Cutter, you also don’t need to use any collateral. Simply enroll in the Card Cutter Plus program (assisted by professional consultant Dr. Bloomfield).