{"id":1232,"date":"2020-07-21T14:25:10","date_gmt":"2020-07-21T07:25:10","guid":{"rendered":"https:\/\/queenlawyers.com\/en\/?p=1232"},"modified":"2020-07-21T14:25:10","modified_gmt":"2020-07-21T07:25:10","slug":"bad-credit","status":"publish","type":"post","link":"https:\/\/queenlawyers.com\/en\/2020\/07\/21\/bad-credit\/","title":{"rendered":"Bad Credit"},"content":{"rendered":"<p><strong>Bad Credit<\/strong><\/p>\n<p><strong>Bad credit<\/strong> or <em>problem loans<\/em> are loans that have difficulty paying off due to factors or intentional elements or due to conditions beyond the ability of the Debtor.<\/p>\n<p>In Indonesia, there are 2 (two) types of credit:<\/p>\n<ul>\n<li>Current Credit, and<\/li>\n<li>Non-performing Loans:<\/li>\n<li>Substandard Credit<\/li>\n<li>Doubtful Credit<\/li>\n<li><u><b>Bad Credit<\/b><\/u><\/li>\n<\/ul>\n<p><strong>Cause<\/strong><\/p>\n<p>The appearance of problem loans does not happen suddenly, it will appear after going through a process, which can be caused by negligence or mistakes of the Creditors (financial service providers) or from the Debtors.<\/p>\n<p><strong>Creditor<\/strong><\/p>\n<p>Careless apply credit rules, it is too easy to give credit, the concentration of credit funds in a group of debtors, high-risk business sectors, lending that exceeds the ability limit, etc.<\/p>\n<p><strong>Debtor<\/strong><\/p>\n<p>Declining business conditions due to deteriorating general economic conditions, mismanagement, family problems, business failures, liquidity problems, force majeure, bad temper, etc.<\/p>\n<p><strong>Bad Credit Indication<\/strong><\/p>\n<ul>\n<li><strong>Deferral of abnormal obligations<\/strong><\/li>\n<li><strong>The unexpected investigation from another financial institution<\/strong><\/li>\n<li><strong>Internal problem<\/strong><\/li>\n<li><strong>Changes in the map of market participants \/ new competitors<\/strong><\/li>\n<li><strong>Increased use of <em>overdraft<\/em> facilities<\/strong><\/li>\n<li><strong>The company is in chaos<\/strong><\/li>\n<li><strong>Illegal activities were found for the business<\/strong><\/li>\n<li><strong>Request additional credit<\/strong><\/li>\n<li><strong>Request for an extension or reschedule of credit<\/strong><\/li>\n<li><strong>A business that is too expansive<\/strong><\/li>\n<li><strong>Other creditors protect the credit provided by requesting additional collateral or binding a notary for collateral<\/strong><\/li>\n<\/ul>\n<p><strong>How to Settle Bad Credit<\/strong><\/p>\n<ul>\n<li>Rescheduling<\/li>\n<li>Reconditioning<\/li>\n<li>Restructuring<\/li>\n<li>Liquidation<\/li>\n<li><strong>BANKRUPTCY<\/strong><\/li>\n<li><strong>DELAYING DEBT PAYMENT OBLIGATIONS<\/strong><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Bad Credit Bad credit or problem loans are loans that have difficulty paying off due to factors or intentional elements &#8230;<\/p>\n","protected":false},"author":2,"featured_media":1233,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25],"tags":[91],"class_list":["post-1232","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-legal-articles","tag-bad-credit"],"_links":{"self":[{"href":"https:\/\/queenlawyers.com\/en\/wp-json\/wp\/v2\/posts\/1232","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/queenlawyers.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/queenlawyers.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/queenlawyers.com\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/queenlawyers.com\/en\/wp-json\/wp\/v2\/comments?post=1232"}],"version-history":[{"count":0,"href":"https:\/\/queenlawyers.com\/en\/wp-json\/wp\/v2\/posts\/1232\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/queenlawyers.com\/en\/wp-json\/wp\/v2\/media\/1233"}],"wp:attachment":[{"href":"https:\/\/queenlawyers.com\/en\/wp-json\/wp\/v2\/media?parent=1232"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/queenlawyers.com\/en\/wp-json\/wp\/v2\/categories?post=1232"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/queenlawyers.com\/en\/wp-json\/wp\/v2\/tags?post=1232"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}