1. Reconciliation method: Negotiated settlement refers to a method in which the creditor and the debtor directly negotiate or invite a third party to mediate to resolve disputes on the basis of voluntariness and mutual understanding.
The following principles should be followed when resolving debt disputes through negotiation:
1. Equality and voluntariness; 2. Comply with the provisions of laws and regulations;
3. Do not harm the legitimate rights and interests of the country, society and others.
2. Mediation method: If creditors do not want to offend and want to resolve debt disputes quickly, they can submit a written mediation application to the local People’s Mediation Committee.
3. Arbitration Law: According to the provisions of my country’s Arbitration Law. Arbitration adopts a unified system of either arbitration or trial, with one arbitration being final. Compared with the litigation system of two trials, arbitration is more conducive to quickly resolving disputes between the parties.
4. Procedural Law: Debt dispute litigation is a type of civil litigation. For some cases that are more complex, difficult for the other party to handle, or difficult to resolve through other means, creditors may choose litigation procedures to resolve them.
When it comes to borrowing money, precautions beforehand are the most important. No matter how careful you are beforehand, you can’t be too careful, such as requiring the debtor to provide property mortgage, vehicle mortgage, equity pledge, chattel pledge, and sufficient Guarantors of credit standing and repayment ability, etc.