Fintech Peer to Peer (P2P) lending aka online loans (Pinjol) is a shortcut for those who need money fast. Despite all the conveniences given, be aware that there is a risk of default.
Also, the loans have higher interest rates and shorter tenure of installments as compared to conventional loans. Due to this, the borrowers do not get trapped in the bondage of loans again and again to the extent that they are not able to repay the installments.
If the debtor does not pay the debt, there are several risks that must be borne by the debtor. Summarized by dateticcom, Sunday (24/7/2022), here’s 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 salary slips. If there are still debts from 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 checking. If so, it will not enable you to apply for help from financial institutions.
“Like applying for KPR (House Ownership Credit) or KPM (Car Ownership Credit), it will be rejected. Cannot be accepted to work at a financial institution as a result of blacklist status at BI,” says Andy Nugroho Said, a financial planner from Consultative Alliance Group Indonesia.
To note, SLIK Bank contains information about the history of debtors and other financial institutions, in particular about the status of whether customer credit payments are smooth or not. Records were collected from exchanges between banks and financial institutions including debtors, collateral, owners and management who became debtors, the amount of funding received, history of credit installment payments, and bad debts.
2. The debt collector is being chased
Debtors who are always absent from legal debt payments will certainly be followed by borrowers who make deposits directly on the home. This will be done after the first reminder through SMS, email and telephone.
If this happens, it will affect daily activities as well as the feeling of tension caused by the fear. This is what DetikCom sources experienced as, say, Wawa (not her real name) who owes a lot of debt but doesn’t want to pay.
“I couldn’t sleep thinking that tomorrow I will have to pay this installment, like people are already stressed, uncomfortable, traveling in fear of people coming home, that’s all. Coming home for illegal (loan) Impossible,” he said.
