Even if you have no other way out and to get out of debt it is already decided that you just apply for a loan, be careful with some circumstances when choosing your loans. It is common for people at some point in their lives to get into debt, including us Brazilians, we ended the year 2021 with a rate of families that reached indebtedness at 74.6%, that is, more than half of Brazilians are with the name dirty. Clearly no one likes to be in such a situation, so it is necessary to apply for a loan, but even if it has its short-term advantages, if you don’t plan for what may come until you get it, it can put you in worse situations. .
Beware of Loans
Basically, loans are contracts with financial companies that provide a sum of money for you to pay in the long term plus interest. You must be thinking how dangerous it can be to do this, especially if you have a dirty name and it can end up making the situation worse, after all, why ask for money that is not yours and even return it with a higher value, when at the moment you can’t use what comes from your own income? This thought makes total sense and it can be useful for you to act with more prudence if you need a loan someday, however, for people who have their name on Serasa or SPC, for example, having the chance to clear their name can arise only through a loan. Not to mention that she has a clean name and only payments to be made monthly, and a clean name.
Couple with debts paid off / Source: Jornal Folha do Litoral Loans have their advantages, which is to solve problems that can get worse in the future, but they can still be dangerous if you don’t prepare to receive it, so see below how you can do that , even with a low credit score.
Planning to apply for and receive loans
This planning can be focused on strategies that can be put into practice before and after receiving the loan, see what they are: Are the interest rates that can easily harm the payment of your loan, to know whether or not they are abusive, too you need to do market research. This market research will help you to define which loan and from which institutions best fit what you need, analyze the payment circumstances, how many installments can be made and the limit of the amount borrowed.
High Interest / Source: Jusbrasil While you are researching, target and prioritize some characteristics of the loan that go beyond the interest rate, such as when you will have to start paying the loan. Some companies place the first loan payment after 3 or 6 months of receiving the money, which is good and gives more time for planning, you can add the installment money and pay some in advance, so you will even have advantages and lower rates of interest. Another thing is to pay attention to whether the loan has a margin of guarantee, in these cases, when the borrower is in default, the company needs to have a guarantee, such as a property, vehicle or any other valuable asset of its customer. The next step is for you to select the loans that are most attractive and put the amount you will have to set aside when making the monthly payments and see which one is best for your monthly budget. If necessary, so that you are not tight when you are paying this loan, you can start saving and reduce expenses and expenses, be selective, think three times before buying things during the day, if it is something you can do without, don’t buy it. .
Person attentive with loan information / Source: Startupi If you don’t want to cut expenses, it would be good if you had more income, so look for ways to increase your budget, so it won’t be tight and you’ll also be able to pay for what you buy, not running the risk of entering into another debt. These precautions above are necessary for you to double if the chosen loan is consigned, as there is no way to let the slip expire, or wait another day to make the transfer, as the payment is deducted directly from the payroll. So having ways to make extra money is interesting so you don’t miss out on payment. Disclaimer: The text presented in this column does not necessarily reflect the opinion of CriptoFácil. Also read: Is it worth investing? 4 DeFi tokens with bullish signals Read also: Bitcoin fall settles R$ 1.5 billion in futures Read also: From marketing to influencer analyst: Brazil has 109 open positions for the cryptocurrency market
