Have you ever felt like you weren't going to pay for something? Negotiating debt is the best alternative to ensure that you are not in debt with a financial institution.

However, many people don't know how to do this. It's a simple process, but one that needs to be discussed further. For this, it is necessary to do a good research on the subject.

So, the purpose of this post is to help you negotiate debts in 2021. Here, find out how this can be done simply and quickly. Follow tips that will get you out of falling into such a situation.

If you realize that you will not be able to pay off a debt or clear the name, rest assured. Ideally, you should go to the bank for both of you to think about a renegotiation proposal.

Thus, you will have access to more flexible payment terms. It is the best alternative in these cases. Now, imagine that your debt had already been negotiated and you broke the agreement.

So, the situation gets a little more complicated. It is possible that your name goes to the register of defaulters. In addition, you will hardly be able to get rid of high interest rates.

Therefore, before accepting an agreement, it is necessary that you analyze it well. That's the only way to avoid experiencing an even worse situation.

In addition, a bank can resort to judicial means. That's when your debt exceeds 5 years.

This is a norm present in article 205 of the Brazilian Civil Code. After that period, your debt expires.

There are several ways to try to improve the scenario and negotiate debts. The main requirement for successfully doing this is planning.

The next topics will show you 10 incredible tips for negotiating your debt. All with great practicality and intelligence.

Working within your possibilities is always the best option. There is no point in signing an agreement with the bank that you will not be able to fulfill. Including, this can get you even more problems.

So, right away, put all your fixed income at the end of the paper, or a spreadsheet if you prefer. The important thing is that you have an idea of how much you enter monthly.

Then list essential expenses such as health. That done, it's time to start listing what's superfluous. Then, see how much your final balance was. It is this amount that you must propose to the bank for the monthly payment of the debt.

Don't forget that you are also free to include extra income in this calculation. This can further reduce your debt and give you good discounts. Finally, you will be able to negotiate debts in 2021.

You learn from an early age that you shouldn't sign anything without reading it. Here, this logic is repeated. Therefore, check all the details of the contract. Make sure there are no irregularities.

It is a way of guaranteeing that no more fees will be charged than agreed. Now, if you identify any errors, stay tuned.

You must denounce the financing institution to the consumer protection agencies.

The Central Bank also needs to be aware of this error. You can even use this as a way to get a bigger reduction in your debt.

Thus, it is possible to improve your payment terms. This is an interesting tip, especially for high amounts, such as financing a vehicle.

So take the time to review this information. This can save you a lot of money.

Many people do not know that it is possible to transfer a debt from one bank to another. However, this is an increasingly popular reality.

Let's say your institution is not making it easy for you to follow through with the payment scheme. These are very high fees and there is no flexibility.

That way, you can choose to choose another bank to handle this debt. The important thing is that this second one gives you everything that the first one didn't offer and a little more.

Furthermore, this transfer process is simpler than many believe. Be aware that many banks do not even require you to open an account.

Therefore, it is an excellent option if you are not satisfied with your current payment terms.

Some banks already allow you to negotiate debt virtually. So, to make a proposal, it is only necessary to enter the down payment amount and the payment term.

Even so, many professionals in the field do not think that online contact is a good idea. They end up recommending that you go negotiate everything in person.

Within a virtual environment, solutions can be too standardized. This ends up affecting the versatility aspect. Also, it may be that the final proposal is not the one that best fits your consumer profile.

However, the choice is always yours. You can indeed get great deals both ways. However, be careful.

Regardless of the selected alternative, it is necessary that the new proposal be signed in writing to negotiate debt. In the case of agencies, it is interesting that there are even witnesses.

Lastly, let's say you did this entire process over the phone. So, it is necessary to separate the registration from the service. Believe me, this can get you out of a lot of trouble.

After all, miscommunication is always a possibility. Don't be afraid to negotiate debt in 2021.

You must actively participate in each part of the agreement. To this end, it is important to suggest proposals consistent with reality. Let's say you took out a car loan.

So, there were 48 installments with interest of 1.2%. However, in just 2 months, you've already been late on a payment. In this case, it is unlikely that the institution will allow a reduction in interest rates.

Therefore, you should always be aware of your real conditions. Another interesting example is the credit card. The fees here are already much higher, to the point of being considered abusive.

That way, you can negotiate the value more easily. If you realize that you won't realize it, try to do it immediately.

Then, just talk to the institution to decide how the debt situation will be. The tip is never to wait for something to turn into a snowball. Agility at these times is essential.

Never accept something right away. If the institution made you an offer, keep calm. Ideally, you should take the time to study this new agreement in detail.

This is important, considering that the first proposal usually includes very high values. Thus, your debt is repeated in several installments. Everything to give the idea that your debt is smaller and your pocket won't weigh.

Therefore, you need to analyze everything very calmly and carefully. Understand that more installments means more interest. This will definitely not save you money in the end.

So, first of all, analyze whether the payment term is not too long. Sometimes your conditions allow you to settle the debt in a much shorter period.

Also, check the interest rate. It cannot be higher than what is practiced in the financial market. This will greatly increase your debt. Not to mention that you take serious risks and lose control over time.

Another tip is, don't combine all your debts into one debt. This practice prevents you from being able to analyze the viability of the deal. This is because each modality has a specific amount of interest to be charged.

Many institutions will not tell you about this. Therefore, it is necessary to be very careful. Remember that the goal is to get rid of an account, not to get new ones in the process.

It is common that in a moment of fragility, the institution abuses the payment conditions. Thus, they end up proposing an agreement that will only be advantageous for the company.

In fact, this is a prohibited practice. The Consumer Defense Code does not allow this to be done with any client.

Hence, once again, the importance of evaluating every detail. Negotiate your debts in 2021, but always with great caution.

So, if you see that in the end, you are having a burden, be careful. It's time to study and launch a counterproposal. This shows the company that they are not dealing with someone naive.

Lastly, if you receive the charge in a threatening tone, rest assured. Know that this is also prohibited and if you report it, you may even receive compensation.

Let's say that even with all attempts, it was not possible to reach an agreement to negotiate debt. In these cases, you can ask for outside help. Procon has indebtedness centers whose objective is to offer this assistance.

Also, the Brazilian Federation of Banks can be very useful at this time. However, these alternatives are for people who are already in default.

If you do not fit this profile, it is recommended to seek help from a lawyer. Then yes, you will have to bear the costs of hiring. The role of this professional will be to mediate the agreement between you and the bank.

As a last resort, you can file a lawsuit. However, this is often not necessary. The above options are quite efficient.

The fairs are a kind of collective effort organized to renegotiate debts. To participate in this, the institution in which you must must also be a member.

Unfortunately, these are events that don't have a fixed schedule. Therefore, it is difficult to predict when they will happen. Still, it's worth keeping an eye on.

Therefore, the fairs offer much better conditions than those of a normal agreement. This is because the purpose of the bank is different. Here, he seeks to win on top of the volume of agreements.

Even though it's simpler, you shouldn't go unprepared. The importance of studying each point of the proposal still remains to be able to negotiate debt.

Let's say you've finally managed to renegotiate your debt. Now it's time to take action to never go through the same situation again.

If it happens again, you'll have a much harder time getting a good deal. Financial institutions will become less flexible. After all, they won't trust you anymore.

In addition, some banks do not even lower the interest rate. Therefore, starting financial planning is always the best alternative.

This ensures that you will never need a deal again. Negotiate your debts in 2021 and plan so that this is the last time you need to do this.

Contrary to what many think, several companies participate in these fairs to negotiate debt. As you've probably noticed, it's an event that directly benefits them.

In this way, it is very difficult for you not to find your bank. Check out a list of some of the institutions that are always present at the Feirao Limpa Nome.

The first thing to do is not be intimidated. As stated above, numerous institutions use the customer's desperation to propose abusive payment alternatives. Negotiate your debts in 2021 with full awareness of your rights.

In addition, it is interesting to show that you are not a layman in the matter and know your rights. This will show the bank that they will have to deal fairly and without tricks, however legal.

Even if with a lot of talk, you can't reach an agreement, don't despair. Remember tip 8. There are ways to get help in these situations.

In this way, most likely your debt will be negotiated. The most important thing is to combine your knowledge with good planning. Thus, the chances of success are much greater. Running away from high interest rates requires a lot of effort.

Okay, now you know everything about negotiating debt. The main tip is not to despair. It's important to identify when something is getting out of hand. However, keep in mind that there are solutions that can be very useful.

Finally, just put what has been said here into practice. Negotiating your debts in 2021 in a simple and smart way at the same time is possible. Also, know that it is possible request credit for negative and thus be able to negotiate in better ways.