How to save yourself when you are in debt, how to plan for debt?

Let’s first understand the fact that debt is a problem for everyone now. Let’s live a good life first! Keep a calm mind, after all, the right to survival is greater than the debt!

In today's society, many people are heavily in debt during their lives or work due to a lack of knowledge about economic laws and financial planning, and have been unable to extricate themselves for a long time. How to reasonably optimize debt has become a key point that we should learn.

Three years after the epidemic, the current domestic economic situation is quite severe. In 2022, 800 million people across the country will be in debt, 420 million people will be unable to repay their loans, overdue credit cards alone will reach more than 200 billion, and the national debt will reach more than 300 trillion. The per capita debt has exceeded 200,000, and 500-600 million people There are no deposits now. More than 70 million people have overdue online loans. There are 7.99 million people subject to execution for breach of trust, commonly known as Lao Lai. The per capita disposable income of residents nationwide is only 36,900 yuan. The lives of ordinary people today are like a snail crawling forward with difficulty carrying a heavy house on its back. If things go on like this, it will inevitably affect the national economy and people's livelihood, causing the foundation of the national economy to collapse. Many people's incomes have dropped a lot because of the epidemic, and they can no longer even cover their own debts. Therefore, many people have to consider debt optimization!

What debt knowledge do we need to master for debt optimization?

1. Problems that debt optimization can solve

When they cannot make ends meet, many people choose to borrow new debts and pay off old debts to support their loans. Or, use your credit card to cash out, blindly tear down one wall to pay for the other, and end up with a mess of debts!

Debt optimization solves this problem. After scientific optimization, debts are dealt with with the minimum cost and price.

2. What other financial knowledge do we not know?

Each debt is different, and the interest rate of each loan is different. Some debts can be deferred, some can be dealt with in installments, and some can be exempted from part of the one-time repayment; therefore, the repayment cycle is divided into The payment amount and repayment sequence are combined to get an optimal debt treatment plan, proactively control the increase in debt, shorten the processing time, and reduce the processing costs!

3. What is suspended interest payment?

Suspension of interest payment means to stop the overdue interest, and package the credit card debt and installment debt into two installments, which can be divided into up to 60 During the period, part of the interest and liquidated damages can also be reduced!

IV. What is personal debt restructuring

Personal debt restructuring is to integrate all credit cards, online loans, and loans based on the customer's current debt situation.

Make a priority order based on the current repayment ability. Those that can be suspended will be suspended, those that should be deferred will be deferred, and those that can be reduced or exempted will be exempted or exempted. In any case, the goal is to deal with the debt in the shortest time and at the least cost.

The benefits of taking a break!

1. Stop high interest rates

2. Stop collections

3. Interest-free installments to reduce repayment pressure

4. Only pay back the principal, quickly clear debts, and be forced to go ashore

5. Avoid court prosecution, become a deadbeat, and limit the three highs

6. It will not affect the normal life of your family< /p>

"The impact of interest suspension"

1. Display overdue or stopped payment

2. Impact on credit during the repayment period

3. Repayment After the debt is cleared, the credit report will automatically return to normal

What will be the consequences of not handling the debt?

1. High penalties, interest, and liquidated damages will be incurred

2 , you will face the bombardment of debt collection, and even call your parents, spouse, brothers, sisters, classmates and colleagues

3. If you are not sued by the court for a long time, you will face criminal liability and will be restricted to three highs. Being included in the blacklist of old people may even affect your children's education, employment and other issues

How to correctly resolve your debts! The following 3 points

①Have a large amount of funds to hedge

②Increase your income to at least 3 times the current level, and repay the interest when repaying the principal of the debt

③Stop interest rates and debit accounts, stop future interest, repay principal, and stop losses in a timely manner.

Fifth, 2.5% off debt optimization

If you cannot do these, or even have a large amount of debt, then 2.5% off debt optimization will be the last life-saving straw for us debtors! Analysis of the policy document on 2.5% discount debt optimization:

On January 7, 2021, the General Office of the China Banking and Insurance Regulatory Commission issued the "Notice on Carrying out the Pilot Work on the Transfer of Non-performing Loans" (Information Letter from the China Banking and Insurance Regulatory Commission [2012] No. 26), hereinafter referred to as the "Pilot Notice". This notice allows batch transfer of personal non-performing loans.

This notice will officially be implemented in Beijing in March 2022. After more than a year of exploration and practical work, this measure was in line with the public sentiment and national conditions. Therefore, the China Banking and Insurance Regulatory Commission issued a document and decided to expand the scope of the transfer pilot.

The pilot banks include six large state-owned banks (see Appendix 1 for details) and 12 national joint-stock banks; the acquisition institutions include the five major financial asset management companies and qualified local asset management companies (local AMCs). ), Financial Asset Investment Corporation (AIC). (This means that a. your debts in the pilot bank can be written off at a 25% discount. b. If you want to become a non-performing asset processing executive office, you must first obtain the approval of the five major AMCs)

Pilot individuals Types of non-performing loans include personal consumption credit loans, credit card overdrafts, and personal business credit loans that have been classified as non-performing (note: personal housing mortgage loans, personal consumption mortgage (pledge) loans, and personal business mortgage loans are not within the scope of the pilot) (meaning That is to say, the 2.5% discount is written off as bubble debt)

The "Pilot Notice" points out that asset management companies can only dispose of personal loans acquired in batches by means of self-collection, restructuring, etc., and it is strictly prohibited. Entrust an agency with a record of violent debt collection, gang-related crimes and other illegal activities to carry out collection work. (Meaning: If the net worth is not clear, it cannot be an executive office for the 2.5% off write-off)

The asset management company shall not transfer the personal loan to the outside world again after acquiring it. Compared with the transfer of corporate loans, the prohibition on the transfer of personal loans by acquiring institutions is a very big difference, which will greatly limit the ways of collection. (This means: If the personal loan debt acquired by the asset management company cannot be recovered, the debt will have to rot in its own hands)

The "Pilot Notice" proposes that "local asset management companies accept batches of Allowing personal non-performing loans to be exempted from geographical restrictions” is also a major breakthrough in the non-performing asset management industry. Local asset management companies can participate in the primary market for bulk transfer of non-performing personal loans, which can be conducted nationwide. (It means: Although the office is located in Shenzhen, it can accept orders nationwide without geographical restrictions)

Banking Credit Asset Registration and Circulation Center ("Yindeng Center") (It means: Bank Everyone can trust the information released by the center)

2022-07-20 "Notice of the Ministry of Finance on Further Strengthening the Financial Management of State-owned Financial Enterprises" (Caijin [2022] No. 87) should be strengthened Strengthen the write-off of non-performing assets and make full use of existing write-off policies. (Meaning: The 2.5% off write-off is a wise measure that is in line with national conditions, benefits the country and the people, and can solve the current predicament, and must be vigorously promoted)

2022-12-29 "Regulations on Carrying out the Measures of the General Office of the China Banking and Insurance Regulatory Commission" Notice on the Second Batch of Non-Performing Loan Transfer Pilot Work"

(Information Letter [2022] No. 1191 of the China Banking and Insurance Regulatory Commission) On the basis of the scope of the original pilot institutions, this time the Development Bank, Export-Import Bank, and Agricultural Development Bank will And trust companies, consumer finance companies, automobile finance companies, and financial leasing companies are included in the scope of pilot institutions; urban commercial banks registered in Beijing, Hebei, Inner Mongolia, Liaoning, Heilongjiang, Shanghai, Jiangsu, Zhejiang, Henan, Guangdong, and Gansu, Rural small and medium-sized banking institutions are included in the scope of pilot institutions. (It means: Now rural banks can also do it. In the past, they could only do urban banks. But each initiative basically takes a quarter from release to implementation. So everyone can look forward to it)

2021 -03-01 In the following year following the "Shenzhen Special Economic Zone Personal Bankruptcy Regulations": *** reviewed 1,031 personal bankruptcy applications, 74 cases entered the bankruptcy application review process, 25 bankruptcy procedures were initiated, and 19 personal bankruptcy cases were concluded. The review conditions for personal bankruptcy are extremely stringent, time-consuming, labor-intensive, and energy-intensive. It cannot be promoted on a large scale and cannot solve China's debt problem.

(Through the parallelization and comparison of the two policies, it was finally shown that the 2.5% discount treatment is more suitable for China’s national conditions and is now being promoted on a large scale)

The best policy choice for debt optimization at the 2.5% discount:

< p> Having said this, many people may say that there are many ways to optimize debt. Why is debt optimization at a 2.5% discount the best choice for debtors? Let me tell you in detail, the quality of your debt handling strategy determines how quickly the debtor can go ashore! Before there are any results from Document No. 26, Document No. 87, Document No. 1191, and the Shenzhen Personal Bankruptcy System, it is possible to negotiate Personalized installments and deferred processing are still good choices for debtors, but then we will analyze the reasons why 2.5% off debt optimization is the best choice for debtors as follows:

The degree of debt processing determines the outcome: The next best option: Passive cover-up

(Invert the card, borrow new and repay old ones, multiple installments, minimum repayment)? The debt is increasing and the risk is getting bigger. The middle option: Active negotiation

< p>(Interest reduction, second installment, extension)? Delay--the creditor temporarily does not sue and the risk will be transferred later. The best strategy is to eliminate the creditor's rights and transfer channels

(reconciliation, transfer, write-off, bankruptcy)? Radical cure- -The creditor cannot sue for life, and the risk is eliminated

Strategic arrangements for the debtor to turn over: Defend against prosecution? Prevent collection? Protect family? Protect yourself from stalemate

Do not lose contact with external institutions and communicate well. Regular reports

Work hard internally, make good money, and live a good life to counterattack

Entrust a professional organization to optimize debt at a 2.5% discount

Analysis on the feasibility of debt optimization at a 2.5% discount :

To sum up, 2.5% off debt optimization is the best choice for debtors! Having said all that, what kind of person is suitable for 25% off debt optimization?

A, who can do it?

Credit cards, credit loans, and online loans can be used in the following situations depending on the situation

B. Who cannot do it?

1. The assets are too high: you can have one suite within the name of 2 suites (excluding 2 suites);

(Note: the property cannot be a luxury villa type, the above value is not More than 3 times the total credit arrears)

2. The value of the vehicle cannot exceed 1 million

3. Public prosecutors, civil servants, banks, government units, doctors, teachers, etc.

4. People sued by the court

To sum up, the 2.5% discount on debt optimization is the last life-saving straw for debtors. Everyone has hope, we have hope, and China will definitely be rich and powerful!