Economic Challenges: Due to the epidemic, many people lost their jobs or experienced a decrease in their income. This situation led to difficulty in paying credit card debts.
\nDelay Interest: Default interest applied in case of delay in payments further increased the debt burden.
\nPostponement and Restructuring Requests: Debtors made postponement and restructuring requests to banks.<\/p>\n
Measures Taken by Banks:<\/p>\n
Discounts in Minimum Payment Rates: Banks provided ease of payment to debtors by reducing minimum payment rates.
\nPostponement and Restructuring: Banks evaluated the demands of debtors and offered postponement and restructuring opportunities.
\nInterest Deductions: Some banks tried to ease the debt burden by reducing interest rates.
\nDirecting to Digital Payment Channels: Banks aimed to reduce the risk of infection by encouraging contactless and online payment methods.<\/p>\n
Opportunities Offered to Debtors:<\/p>\n
Requesting Postponement and Restructuring: Debtors can request postponement and restructuring to their banks.
\nReviewing Their Budgets and Avoiding Unnecessary Expenditures: Debtors can pay their debts more easily by reviewing their budgets and controlling their expenses.
\nBenefiting from Debt Consultancy Services: Debtors can obtain information on debt management by benefiting from the debt consultancy services offered by banks.","protected":false},"excerpt":{"rendered":"
Effects of COVID-19 on Credit Card Payments: Economic Challenges: Due to the epidemic, many people lost their jobs or experienced a decrease in their income. This situation led to difficulty in paying credit card debts. Delay Interest: Default interest applied in case of delay in payments further increased the debt burden. Postponement and Restructuring Requests: […]<\/p>\n","protected":false},"author":12,"featured_media":4796,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_joinchat":[],"footnotes":""},"categories":[1],"tags":[],"class_list":["post-4795","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-makaleler"],"_links":{"self":[{"href":"https:\/\/www.ozkokhukuk.com\/en\/wp-json\/wp\/v2\/posts\/4795","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ozkokhukuk.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ozkokhukuk.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ozkokhukuk.com\/en\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ozkokhukuk.com\/en\/wp-json\/wp\/v2\/comments?post=4795"}],"version-history":[{"count":1,"href":"https:\/\/www.ozkokhukuk.com\/en\/wp-json\/wp\/v2\/posts\/4795\/revisions"}],"predecessor-version":[{"id":4797,"href":"https:\/\/www.ozkokhukuk.com\/en\/wp-json\/wp\/v2\/posts\/4795\/revisions\/4797"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.ozkokhukuk.com\/en\/wp-json\/wp\/v2\/media\/4796"}],"wp:attachment":[{"href":"https:\/\/www.ozkokhukuk.com\/en\/wp-json\/wp\/v2\/media?parent=4795"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ozkokhukuk.com\/en\/wp-json\/wp\/v2\/categories?post=4795"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ozkokhukuk.com\/en\/wp-json\/wp\/v2\/tags?post=4795"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}