3 Steps to Completing a Bad Credit Card


One of the financial problems that is often encountered is the problem of debt with the bank. Many people who are looking for ways to settle bad credit cards. Credit card debt is often a double-edged sword, on the one hand making credit card payments can help you pay off a lighter and cheaper product. Even so, on the other hand credit card debt can actually trap you into a problem that doesn’t end, so the card owner must find a way to resolve bad credit.

To solve this problem, there are several ways you can do it. Check out more on the following points:

Calculate the total arrears and adjust payment priority

Calculate the total arrears and adjust payment priority

The first thing to do is to collect all the bills that have been sent to you. Try to calculate how many bills you still haven’t paid. Do not forget to also see how much interest is charged on each bill and how long the credit card debt has not been paid. After knowing the total arrears, try to pay attention to which arrears are subject to greater interest. Try to settle debt with greater interest first. If you have some credit card debt, you can start paying with a minimum payment first. Although paying with a minimum payment does not help you get rid of debt faster , at least you can buy time to pay off.

Following is an example of the calculation: just assume your monthly income is IDR 5,000,000 and you allocate funds of IDR 3,000 to pay the debt. Based on the credit card you have here is the minimum payment required by the issuing bank:

  1. Minimum first card payment: IDR 800,000 with an interest rate of 3.25%
  2. Payment of a minimum second card: IDR 700,000 with an interest rate of 3%
  3. Minimum payment of the third card: IDR 500,000 with an interest rate of 2.75%

From the information above, it can be seen that the total payment of your card is IDR 2,000,000. The rest of the money that you still have is IDR 3,000,000 – you must use it to add credit card payments with the largest interest rates, in this case means the first card. So, the total you pay for the first card is IDR 800,000 + IDR 1,000,000, which is IDR 1,800,000. And so on, until your debt in the long term can be repaid.


Increase Income and Cut Expenditures


Increase Income and Cut Expenditures


Furthermore, you also still have to take strategic steps to settle bad credit cards. Steps that you can do in the form of seeking additional income and reducing expenses. When you want to increase income, you can take advantage of opportunities that are around. You can start becoming a UBER driver partner , selling items through e-commerce sites , utilizing homes to increase income , and many other ways you can get on Agnes Wickfield’s blog .

On the other hand, if you want to cut expenses, you can start trimming your daily expenses. Try to start looking for alternative routes or transportation that are considered cheaper to go to the office. Other ways, for example, by shopping at the market rather than having to be in a supermarket, even if you want to shop at the supermarket, use ways that make your total expenditure more economical . Always looking for loopholes in order to cut expenses so that the remaining money can be directly allocated to settle bad credit cards.


Requesting assistance from experienced parties


Requesting assistance from experienced parties

The way to pay off a credit card that must be done is to take advantage of assistance from experienced parties so that the debt gets lighter. Even though you have already made large-scale savings and received family assistance, debt, you will not be lighter if you do not use a relief program. A relief program that you can get for example a one-time discount, a low interest installment and an extended tenor, and a combination of both. You can now work on a debt management program service company to help you cut total debt.


So, all the savings you make and help from the family to pay off your debt can be allocated to directly pay the debt in 1x pay which is usually lighter. Providers of professional debt management programs usually have good connections with the bank. They are able to help you strategize in deciding which debt must be repaid in advance as well as how to pay what to do. To determine the best strategy in negotiating debt so that you can get relief that suits your financial conditions, more experience & knowledge is needed. Not everyone is able to negotiate their debt and get results that are in accordance with their ability to pay. Therefore, we strongly recommend that you use trusted negotiation services in order to successfully obtain the appropriate waivers while saving more time and saving more money. So you can pay off credit card debt faster.


Using a professional debt management service company means that you get a solution in the form of negotiating debt and education to be able to take advantage of situations such as increasing income or reducing expenses. One of the debt settlement service companies that you can use for example is Agnes Wickfield.

Agnes Wickfield international is the first technology-based professional services company in Indonesia, which provides a debt management program. This program is designed so that consumers who are in debt, have the ability to control their finances again. Agnes Wickfield Indonesia helps clients through a debt management program, specifically designed to suit different needs for each client. This program is a combination of education on various opportunities to increase income and reduce expenditure, as well as conduct negotiation processes on existing bank debt requirements to reach the amount of payment that is in accordance with the ability. Agnes Wickfield Indonesia headquarters was established in Jakarta in 2015 by a founding team that has collective experience in the financial sector including debt settlement for more than two decades. Agnes Wickfield made Indonesia as the center of operations as well as a blueprint for the company’s development plan to other ASEAN countries. Since July 2016, Agnes Wickfield Indonesia has become the first company in Asia to be accredited by the International Association of Professional Debt Arbitrators (IAPDA).

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