In this wave of novel coronavirus, both individuals and enterprises have been affected to varying degrees. Now many people's cash reserves have basically run out, so everyone is under greater pressure, especially for those who have overdrawn their mortgage, car loan, online loan and credit card.
What will happen to these people with a lot of debts? I think it depends on the specific situation of different people. In the face of huge debts, the measures that everyone can take are nothing more than the following situations.
1. Apply to the bank for deferred repayment.
At present, it is the key time for novel coronavirus to prevent and control the disease. According to the requirements of relevant documents issued by the central bank and China Banking and Insurance Regulatory Commission, during the pneumonia epidemic, banks should make special treatment in a special period. First of all, for medical staff, people who participate in epidemic prevention and control, and users who have been diagnosed as confirmed users and suspected cases in novel coronavirus and their families, repayment can be postponed. Delayed repayment is not overdue, and it will not generate penalty interest or affect personal credit.
Of course, although many banks don't have a policy of postponing repayment for normal users at present, in the special period of the current pneumonia epidemic, if everyone really has no income source due to some objective factors of the pneumonia epidemic, such as closing roads and villages, and enterprises can't return to work normally, the relevant departments or enterprises can issue a certificate and then apply to the bank for postponing repayment. I believe most banks will agree to postpone repayment for users at this critical period.
2. Borrow money to pay off debts through other channels.
if everyone's application to the bank for extension is not approved, I believe many people will borrow money through other channels to repay their debts. At present, there are many channels for borrowing money. As long as everyone's credit is relatively good, they can basically borrow money, such as credit card overdraft, online loans like borrowing money, or borrowing money directly from relatives and friends, which can cope with one or two months.
3, passively overdue for one or two months, and then try to make money to repay.
If the debt due cannot be settled by the above two methods, I believe many people can do nothing, so that it can only be overdue by debt. However, we don't have to worry too much about overdue debts. After the enterprise resumes work, we must try our best to make more money and then pay off the debts owed in time.
although overdue will result in penalty interest, liquidated damages and affect your own credit, if you are only overdue for one or two months, it will not be very serious as a whole, as long as you can pay off these debts in time, it will not have much impact.
If a person wants to live a calm life, he must master the basic theory of economic value and be responsible for his own actions. Otherwise, you will not only be unable to obtain a stable and reliable income, but also lead to heavy debts and even affect your credit report. So I think, in order to avoid the situation in the topic, avoid being dragged down by debt, and live a more comfortable life, you must remember the following basic rules. One is to seek a stable source of income, the other is to live within our means, the third is to make emergency reserves at ordinary times, the fourth is to avoid excessive consumption, the fifth is to avoid excessive investment, the sixth is to overcome vanity, and the seventh is to maintain one's own credit. If you can stick to the above, I think you won't be burdened with heavy debts, and now you won't be exhausted by the epidemic. This is my personal experience.