Pinjol in Galbay: Tips and How to Get
Rancakmedia.com – Loan in Galbay Failure to repay loans to peer lending or fintech (online/loan) providers in Fintech has a number of consequences. This applies to both legal and illegal loans.
To minimize this risk, prospective debtors must carefully check the loan amount they are entitled to repay. Furthermore, the prospective debtor must also thoroughly understand the loan conditions, including interest, fines or penalties, billing period, etc.
In contrast to loan interest, loan interest tends to be higher. This situation often results in cases of loan bills that have ballooned several times over the main loan.
Most recently, the case of Melati (not her real name). The kindergarten teacher borrowed IDR 2.5 million through a loan and had to pay loan bills, interest and penalties of IDR 40 million.
High interest loans are often unlawful loans. Meanwhile, the rules for Interest and Legal Sanctions for Loans are regulated by the Indonesian Fintech Association (AFPI).
Adrian Gunadi, General Chair of AFPI, stated that the AFPI code of ethics stipulates that loan or interest charges may not exceed 0.8 percent per day. While the overall loan interest including late fees is 100% of the principal amount of the loan.
Debt Collector Oppression
Not only are the costs inflated, the debtor must also accept intimidating bills from debt collectors. For example, in the Melati case, she admitted that she was terrorized by debt collectors via SMS and telephone calls, from harsh words to death threats.
“I've been told, monkey, dog. I kill you until they say. My photos were also threatened with being shared on social media,
This is also usually the case with illicit loans. Meanwhile, collection techniques for legitimate loans are set no later than 90 days from the due date. AFPI is also preparing certification for all billing staff so customers who get hard bills can complain.
Pinjol in Galbay Information Distributed
Another risk of loan default is sharing personal information. This happens when borrowing is illegal.
As reflected in the Melati case, debt collectors were accused of illegally obtaining and collecting cell phone data from Melati. It didn't stop there, the debt collectors contacted a number of friends, students, and the guardian of Melati's school.
In fact, one of the debt collectors formed a WhatsApp group called 'Care for Melati Debt' which consists of parents and their friends. Pictures and KTP of Melati were distributed to all groups, along with words that embarrassed Melati.
Loans in Galbay While OJK Legal Loans Can Only Access 'snacks' Such as Cameras, Microphones, and Locations.
Black list of stubborn debtors
Legitimate borrowers must also be willing to face the consequences if they are often in arrears. The reason is, AFPI is building a loan data center that includes "bad" debtors who often fail to pay their debts. The goal is to foresee problem loans on loans.
Andi Taufan Garuda Putera, Head of Public Relations of AFPI, said that the Fintech data center already has 138 platforms (FDC). Up to six million borrower data has been collected by the data center.
"We have created a fintech data center, one of which can be used to see which borrowers are having difficulties and which members are banned. Other platforms that have joined FDC will not extend loans to these buyers," he said in February. at the AFPI Online Press Club.
Failure to pay loans to peer lending or fintech (online/loan) providers at Fintech has a number of consequences for Pinjol in Galbay. In contrast to loan interest, loan interest tends to be higher. This situation often results in cases of loan bills that have ballooned several times over the main loan. Not only are the costs inflated, the debtor must also accept intimidating bills from debt collectors. OJK legal loans can only access 'snacks' such as cameras, microphones and locations.
AFPI is building a loan database that includes “bad” debtors who frequently default on their debts. The goal is to foresee problem loans on loans. Other platforms that join FDC will not provide loans to such buyers.