Thursday, March 22, 2012

5 step to fixing bad credit

How i can the proper handling of non-performing loans? This is 5 step to proper fixing of keys non-performing loans, That is - rescheduling, reconditioning, restructuring, and execution.

Rescheduling or re-scheduling rescheduling bank may exercise in the form of an extension of the repayment period, providing a longer grace period, and decreases the amount of installment credit. With this scheduling, I had time to breathe and that sufficient time period in accumulating profits and fix my credit, so they can meet the new schedule is set.

Rescheduling done with certain requirements. For example, my business is still running, before the imposition of interest income is still positive, my inability to carry out the settlement solely because of circumstances beyond the control of my company and I am still concerned plus cooperative acting in good faith.

Reconditioning is intended to improve the condition of the original debtor is still burdened with the weight of credit requirements, and reduced to fit the needs of the debtor. How, by reducing the interest rate, credit from the other party and replace high-interest loans from the bank with low interest, or raise capital if it is still not working.

Equally important, banks and management consulting advice to the debtor company could run better and be able to increase sales, profits and credit completed within a predefined time period.

Restructuring is done by changing the composition of capital to improve the debt to equity ratio (DER), increase the capital (or the bank's participation outside the bank), adds to the credit facility, extending the period of time, push the interest rate, change management (putting the bank staff at a particular position), increasing efficiency, and more.

Well, after the company's good financial health and ability, the bank can sell back the shares held by them to the holders of old shares with a certain premium.

The fourth moment is a combination of 3R. Finally, the fifth is the moment of execution. If all rescue efforts have been tried, but I am still not able to meet its obligations to the bank, then the last way is execution. If you are trying to protect your property from the execution of bank foreclosures, you could consider trying the service credit repair service offered by This company could be a solution when your credit becomes bad and beyond help. Do not lose hope for your business and credit.


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