Fintech Peer to Peer (P2P) loans, also known as online loans (Pinjol), are a shortcut for those who need money fast. Despite all the conveniences given, be aware that there is a risk of non-payment.
Also, the loans have higher interest rates and shorter installments compared to conventional loans. For this reason, borrowers are not trapped in loan bondage again and again to the extent that they are unable to repay the installments.
If the debtor does not pay the debt, several risks must be borne by the debtor. Summarized by dateticcom, Sunday (24/7/2022), here is the list:
1. Enter OJK SLIK blacklist
When applying for a loan or credit, the public will usually be asked to attach a number of personal data such as KTP, KK, NPWP and payslips. If there are still debts of legal debts that have not been paid, the application will not be accepted.
This is because personal data has been blacklisted in the Financial Information Services System (SLIK OJK) by BI verification. If so, this will not allow you to seek help from financial institutions.
“As an application for KPR (Credit for home ownership) or KPM (Credit for ownership of car), it will be rejected. Cannot be accepted to work in a financial institution due to blacklist status of BI,” says Andy Nugroho Said, a financial planner with Consultative Alliance Group Indonesia.
Of note, SLIK Bank contains information on the history of debtors and other financial institutions, in particular on the status of the smoothness or otherwise of customer credit payments. Records were collected from exchanges between banks and financial institutions, including debtors, collateral, owners and management who became debtors, amount of financing received, credit disbursement history, and irrecoverable debts.
2. The debt collector is sued
Debtors who are still absent from legal debt payments will certainly be followed by borrowers who make deposits directly on the dwelling. This will be done after the first reminder by SMS, e-mail and telephone.
If this happens, it will affect daily activities as well as the feeling of tension caused by fear. That’s what DetikCom sources experienced as, say, Wawa (not her real name) who has a lot of debt but doesn’t want to pay.
“I couldn’t sleep thinking that tomorrow I’ll have to pay that deposit, like people are already stressed, uncomfortable, traveling for fear of people going home, that’s all. Going home house for an impossible illegal (loan), ”he said.