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Navigating The Debt Collection Landscape In Indonesia

MNS Credit Management Group

If a debtor does not pay his lawful debt, then he is construed as defaulting or being negligent in fulfilling his lawful obligations. For value of debt below five hundred rupiah the debt is settled through a simple claim procedure under regulation of the supreme court number 2 of 2015 on procedures for settlement of simple claims.

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Credit Reports No Longer Include Tax Liens (Good News, Borrowers)

Fundera

In March 2015, the three major credit bureaus together launched the National Consumer Assistance Plan (NCAP) to implement industry-wide policy changes to “make credit reports more accurate.” Although you start at 850, mistakes ding you—and there are many ways to lower your credit score.

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The Credit Score Guide: How Raising Your Score Can Save You Thousands on a Loan

Fundera

Payment history—including bankruptcies and judgments. But overall, your credit score is a good measure of how you repay your debts, what kind of credit you look for, how well you understand the amount of debt you can actually take on, whether you’ve successfully avoided bankruptcies and tax liens, and more. Don’t default.

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Alternative Lending 101

Fundera

If you default on your “loan” with a pawnbroker, your credit score won’t report it—but technically, this is a form of alternative lending. In September of 2015, all banks held a total of nearly $600 billion in small business loans—but in 2008, that number had been over $700 billion. billion to small businesses.