PELAKSANAAN PERJANJIAN PENGIKATAN JAMINAN PERORANGAN SEPEDA MOTOR PADA PT. FIF (FEDERAL INTERNATIONAL FINANCE) KOTA PADANG

Abstract

ABSTRAK Article 1820 of the Civil Code, an individual guarantee is an agreement where a third party, for the benefit of the debtor, binds himself to fulfill the debtor's obligations. This type of research is sociological legal research. The data source used is Primary Data. The data collection technique used was through interviews. The data analysis used is qualitative analysis. The research results are, 1) How is the implementation of credit agreements with individual guarantees at PT. FIF Padang City? 2) How is the credit agreement resolved in the event that the debtor defaults on PT. FIF Padang City? Implementation of the Individual Guarantee Binding Agreement at PT FIF Padang City, namely 1) There is a risk assessment 2) There is an agreement 3) There is a signing of the agreement 4) There is a recording of the guarantee 5) There is implementation of the guarantee 6) There is settlement and repayment. Efforts to prevent default 1) The need for open and clear communication with debtors and try to understand the causes of default and look for joint solutions to resolve financial problems. 2) The need to understand and consider the debtor's financial condition and find a fair solution for both parties.