Tips for Resolving Non-Performing Loans


Agus Kriswandi Basyari
Pitaloka Land

This week we will describe how debtors deal with problem credit . This week’s article is a series of last week’s writings seen from a debtor’s perspective. This needs to be known by the debtor as a guide to dealing with problematic credit in a good and correct way so that it can be a way out. (Read: The Importance of Teaching Children to Take Care of the Oral)

Following the journey of a debtor, conditions often change from a financial perspective. This resulted in the status or collectability history of a debtor, which was explained in last week’s article. In conditions of problematic status such as collectability 3 and 4, especially in conditions of traffic jam or collectability 5, the debtor is advised not to panic and can take several steps as tips to find a way out.

The first step that the debtor needs to take is to act cooperatively. In this condition, the debtor must not avoid the treatment of the bank against him. Usually the bank will send a warning letter (SP) starting from SP 1 to 3.

The warning letter will contain the collection of debtors’ obligations that are pending or in arrears. It is advisable for the debtor to do a written answer by letter and submit it directly to the bank with the important point that must be obtained is a receipt from the bank.

The debtor’s response to the debtor’s letter contains the financial condition that causes the debtor to be unable to make payment obligations. Then the debtor asked the bank to provide relief in the form of debt structuring. If the letter has been received, the debtor is just waiting for an answer from the bank. (Also read: Indonesia’s Education World Doesn’t Have a Clear Road Map)

The bank will definitely respond to the letter sent by the debtor because it has the same interest, namely resolving the problem loans. In such conditions there will be consideration and bargaining. Once again, the debtor must always be cooperative and must not shy away, both in terms of correspondence and face-to-face.

With regard to the request for debt structuring, the debtor can apply for a postponement of payment of obligations for a certain period, reduce the monthly installment obligation by increasing the tenor (installation period), or apply for the elimination of fines and other costs so that the debtor’s obligations are lighter. In this stage, the bank and the debtor usually carry out negotiations which can occur several times until a consensus is reached.

The debtor can consider the request for structuring based on the assumption that financial conditions can return to normal, both in terms of time and growing numbers. So, the debtor can estimate when it can make payment obligations to the bank. (Also read: Safe and Comfortable Holidays During a Pandemic)

In this condition, it is not recommended that the debtor make a loan to pay off his obligations because usually the debtor wants to immediately and hastily settle his obligations. In this condition, the debtor should also follow the flow of the settlement process, even though it takes quite a long time. So, it takes patience and a wise will to go through the stages of the process that must be done.

This cooperative process of the debtor will avoid actions that are very disliked by the debtor. The fatal action of the bank is to conduct an auction of the collateral owned by the debtor. In the banking perspective, the debtor’s cooperative steps will provide space to solve problems in a win-win solution. (See the video: Two Policemen Who Escort Jogging Get Administrative Sanctions)

The banking sector will be maintained in terms of business condition. Meanwhile, the debtor through a structuring agreement has time to improve its financial condition so that it is able to carry out its obligations.


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