Debt restructuring.
Debt restructuring refers to an important strategy for individuals or businesses facing financial distress to help debtors escape the current economic pressures and achieve sustainable development by rearranging the debt structure and payment terms.
For example, Zhang owed a total of 700,000 yuan in debts such as banks, consumer finance and credit cards, including 150,000 yuan from banks, 200,000 from consumer finance, 250,000 from online platforms and 100,000 yuan from credit cards.
Income: Zhang is a 28-year-old software technician with a monthly income of 15,000 yuan and a monthly salary of 12,680 yuan after deducting the social security provident fund.
No assets in the name.
Monthly Payment:
1. Bank 150,000: From November 2021 to November 2023, the term is three years, and 531.25 yuan per month is repaid.
2. Consumer finance 200,000 yuan: June 2022 to June 2024, the term is three years, and 7355.6 yuan per month.
3. Network platform 250,000: April 2023 to April 2024, the term is one year, and the monthly payment is 234 yuan.
4. Credit card 100,000: use 90,000 installments for 12 months, and repay 8,850 yuan per month. The above fees add up to 43,002.85 yuan.
Note: Zhang needs to take out another 28640.85 yuan per month to repay the debt. So, what should Zhang do? Debt restructuring. Integrate debt: replace the above 2-3 points with banks: (consumer finance 20 + network platform 25 = 450,000), and repay 1593.75 yuan per month. How to replace?
First of all, Zhang needs to settle the debts of the above 2-3 points before applying for a loan.
Advantages: high interest, low interest, short-term, long-term equal amount, first interest and then capital. After the completion of the debt restructuring, Zhang needs to work hard to increase his income.
Work well, increase income, debt restructuring can not help you reduce debt, can only help you reduce monthly payments and extend repayment time, to achieve the purpose of time for space.
There are operating companies in the market that specialize in the sector, and the fees are as follows:
1. Advance expenses of restructuring companies: 1%-2% per day.
Personal debt restructuring negotiation installment:
Second, the later financing cost: the total financing amount is 6%-12%.
Fees vary by city and individual. Notes:
→1. Choose a professional company.
→2. Do not increase the number of credit inquiries.
→3. Maintain the normal operation of the original unit and increase income.
→4. No Disputes.
→5. Debts are reduced but not increased.
Summary: Consolidate, optimize, increase revenue, pay off debt.
Debt restructuring is a crucial step for an individual or business to overcome financial distress and achieve sustainable development, which is important in today's business environment. However, there are various factors to consider in developing and implementing a debt restructuring plan. Ensure that debt restructuring programs are consistent with the long-term goals of individuals or businesses, and that they can move towards a more robust and sustainable development path through reasonable and effective debt restructuring.