Saturday, October 11, 2025

No Result

View All Result

No Result

View All Result

No Result

View All Result

Home Business

Time limit for restructuring credit card debt: How to restructure debt and by whom?

October 9, 2025

in Business

It paves the way for the Banking Supervision and Regulation Authority (BRSA) to restructure the debts of individual credit card users. According to the decision made on July 10, creditors can repay debt in installments with a term of up to 48 months. In addition to credit card debt, consumer loans are also included in the restructuring. The final day for debt restructuring is approaching.

READ ALSO

Inflationary message from EKK

SALE TOMORROW | BİM Current Product Catalog October 10, 2025: Coming soon fishing gear, fishing equipment, tableware and electric kitchen equipment

Applications for credit cards and loan restructuring are coming to an end. The 3-month deadline for those involved has been completed. Regarding restructuring, CBRT said the maximum interest rate applied is 3.11%. By editing; Those who have restructured their debt in the past, those who have failed to repay part or all of their debt, and those who have paid their debt late can restructure. So when will debt restructuring end?

The 3-month period to restructure credit card debt and consumer loan debt announced by BRSA in July will end on October 10. Debtors can apply to the bank and restructure before the deadline ends.

A maximum interest rate of 3.11 can be applied to credit card restructuring transactions. Loan and credit card debt restructuring will last 48 months. Thanks to the arrangement; Not only the minimum credit card debt but also the inability to pay part or all of the debt during the period is included in the scope of restructuring.

Instead of a delay of more than 30 days on loans, any delay is enough for restructuring. The monthly installment amount due to restructuring is added to the minimum payment amount of the corresponding month. The credit card limit cannot be increased until 50% of the restructured card debt is paid. In case the restructured limit exceeds the credit card limit, the excess amount is not considered over limit.

Related Posts

Inflationary message from EKK

Business

Inflationary message from EKK

October 11, 2025

SALE TOMORROW | BİM Current Product Catalog October 10, 2025: Coming soon fishing gear, fishing equipment, tableware and electric kitchen equipment

Business

SALE TOMORROW | BİM Current Product Catalog October 10, 2025: Coming soon fishing gear, fishing equipment, tableware and electric kitchen equipment

October 10, 2025

Is there a possibility of a bubble in artificial intelligence?

Business

Is there a possibility of a bubble in artificial intelligence?

October 10, 2025

THY restarts flights to Sulaymaniyah in Iraq

Business

THY restarts flights to Sulaymaniyah in Iraq

October 10, 2025

Minister Şimşek: The positive trend in industrial production continues

Business

Minister Şimşek: The positive trend in industrial production continues

October 10, 2025

GDP exceeds 44 trillion TL with an increase of 64.3%!

Business

GDP exceeds 44 trillion TL with an increase of 64.3%!

October 10, 2025

Next Post

Israel sets a date to release the hostages

Israel sets a date to release the hostages

No Result

View All Result

© 2025 Wales Union News