Bonus cut with Corona “I can't pay the loan” What should I do? June 16, 16:11
The spread of new coronavirus infections has had a major impact on households. It is the time for bonus payment, and there are many consultations saying that it is difficult to repay the loan. What do you want to be aware of when planning the repayment of Corona? What do you want to avoid?
(Akihiko Kanno, Yoko Ideue, Shinichiro Kuninaka, Reporter, Network News Department)
Bonus cut The energy to work...
The spread of the new coronavirus is deteriorating the company's business performance and is affecting the summer bonus. Various voices are heard on the net.
While there are reassuring voices such as "Today is the day the bonus is paid. It was reduced, but I am grateful that I received it", while voices of anxiety such as "Cannot pay bonus for mortgage and car loan" have been posted.
Darkness
I was able to hear from the people who actually posted.
Mr. Natsuki (50s) living in Hiroshima Prefecture. On this month 15th, I posted on Twitter, "Husband's bonus full cut. How should I live?"
Natsuki's husband (50s) works at an ironworks. The bonus was supposed to be paid in July, but it is said that the company notified me of the full bonus cut on the very day I posted it.
Natsuki-san:
I used to say that my husband said that it might be cut to some extent, but I didn't expect that it would be the full cut. When I heard from my husband, it was pitch black.
According to Mr. Nazuki, the owner's company pays a relatively small amount of monthly salary, but a relatively large amount of bonus. Therefore, the cost of car loan and inspection is based on the bonus.
In addition, Mr. Natsuki himself is worried about future money measures because the income of the part is decreasing due to the influence of the new coronavirus.
Natsuki-san:
I'm always saving money, so it's difficult to save more. If I keep doing this, I may have to borrow money. I'm also angry that I've worked hard, I'm very shocked."
What to do "life's greatest shopping"
The biggest impact is the repayment of mortgages, which is said to be the "biggest shopping in my life." The Housing Finance Agency, which handles mortgages, has been receiving a series of consultations such as "I want you to wait for repayment due to the influence of the new coronavirus", "I want to cancel bonus repayment because the bonus is likely to decrease."
The number of consultations was 15 in February, before the spread of infection began in earnest. In March, 214 cases, 1158 cases in April, 878 cases in May, and 259 cases until the 14th of this month, which is still high.
Cases where three repayment method change menus are published on the homepage and the loan repayment method was actually changed have also increased dramatically in the past few months, with 1000 cases in May and 724 by the 12th of this month. It is in the matter.
It is targeted at people who meet three items such as difficulty in repayment due to economic conditions including declining bonus income and illness.According to the mechanism, about 90% is called "middle space", repayment amount for a certain period There are other ways to reduce the amount, such as extending the repayment period to reduce the monthly repayment amount or canceling the bonus payment.
The most important thing is...
What the person in charge emphasized is the importance of consulting in advance. I asked in detail why.
Q: What happens if you delay payment without consultation?
A: If you are overdue for 6 months, you will not be able to make repayments in the form of deadlines every month, and you will be asked to make a lump sum repayment. If that is not possible, legal procedures such as disposal of the property may be taken.
Q: Does the "six months" include the period when the repayment method was changed?
A: The amount changed after consultation will not be overdue. However, without any prior notice or change, it is not possible to say, "This month's tough, I'll return 100,000 yen but only 80,000 yen." In this case, you will be overdue.
The person in charge said, “I would like you to consult early and consider changing the repayment method that suits the situation, not after trying to borrow high interest rates.
Repayment difficulties other than housing
The National Living Center, which accepts consultations regarding consumption, has also received consultations regarding bonuses this month.
"The new salary under the influence of corona virus nor is difficult repayment of auto loans and caching will be reduced bonus"
"had to return tens of thousands of yen per month by borrowing in the last year card loan can not be repaid"
in the center, such a bonus We expect that consultations on the reduction of the number will increase in the future.
Regarding this kind of consultation, the National Consumer Affairs Center said, "In addition to consulting with the multiple debt counseling counter established by the local government, for card-related repayments, I would like to inform my credit card company of my situation and delay the repayment. ", etc.
"I want to review payments"
According to Ms. Mie Ido, a financial planner and social insurance labor consultant, there are many consultations that she wants to review the payment method because the bonus will be cut.
And most of them are consultations about mortgages. It started to increase around April, and it seems to be about 20 to 30% more than usual. There are also consultations such as "I'm worried because I'm going to be remote work and I don't know what will happen to the bonus evaluation.
What should I do?
Then I asked him what to do. According to Ido, bonuses reflect the performance of companies in the first place, so you should avoid relying on payments.
However, there are many people who are actually using it, so he says that he advises the following two points.
Method 1 Change payment month
One is to change the bonus payment month. For example, move June back to September.
It does not mean that the payment amount will not decrease, but during that time, it is a method of reviewing the household budget and using the amount that was used for other expenditures as a loan.
Method 2 Breakdown change
The other is to reduce the bonus payment amount and increase the monthly payment amount. Although the monthly burden will be heavy, it seems that the proper loan amount is enough to pay the loan without using the bonus payment.
Taking this opportunity to review the household budget
It seems that it will be necessary to review the household budget in each case, but according to Ido, it is often done by reviewing the costs of gyms that I rarely go to, the annual membership fee of credit cards that I do not use often, insurance premiums and mobile phone charges etc. It seems that you can save about 20,000 yen a month at your home.
On the other hand, if you can, you want to avoid extending the repayment period. The reason is that the amount of interest burden increases and the total amount of payment increases.
Mr. Ido: Since
financial institutions do not want to run out of payments, many of them should be able to consult now. Even if one person is troubled, it will not be solved, so first call and consult I think it is important.''
What about taxes and card loans?
In addition, I think that many people were thinking about paying taxes by paying taxes such as property tax and automobile tax and card loans from April to June.
When income decreases to a certain extent, it is also effective to use the system to waive tax payments and collections and to exempt late taxes and late payments, or to consult a card company for payment. ..