Information on Financing

Personal Loans

 
If you are now thinking of subscribing a personal loan, consider the following:

 
1- Choose the amount you actually need and not what you would like.

2- Don´t look for banks or financial institutions which propose high interest rates, or no higher than 15% maximum.

3- If you can ask your bank, with whom you already work with, you will have more bargaining power at the time of signing a loan, since they already have your track record.

4-It is common for banks to ask for collateral, but ask for your loan to be only in your name, because otherwise the debt will be on behalf of another person, and if you become unemployed for example the bank will ask the other person's to assum responsabilibilty, which can cause less pleasant situations.

 

Credit Cards

 
Avoid using them. These are financial products with very high interest rates. If you often use this type of product, try always to make payments in total, 100%. Most of these cards today already allow this option and normally up to 50 days without interest. In the market there are several institutions that sell these cards without having to pay the annuity. Some without any obligation to use, others with a minimum amount of use.

Another question and perhaps most important is the APR, or annual percentage rate overall, which includes the annual fee charged by the bank plus service charges and taxes.

Obviously, the smaller the better option.

 
These are just some tips to follow when selecting a product like this.