Solutions to Choose the Best Credit

The Personal Loan is a quick solution credit that finances any of your desires. The personal credit goes to the purchase of consumer goods, and other purposes as vacation, travel, work at home, training and education, health, purchase of furniture, computer equipment and electronic, or even payment of arrears …

Start by having in mind that designing a fast credit in a store, through the companies purchase financing credit (SFAC), it is generally more expensive than designing a credit pledge in his own bank. This not to mention the amount of information that is often lacking in this type of fast credit, including rates of hiring.

Take note of some important steps and concepts to keep in mind, its time to choose the best option for your personal credit:

- Analyze the APR of credit that the company promotes. The fee is required to submit to the client, and usually reflects the total cost of the loan. The lower the APR, the lower also being provided.

- Review the contract and the extras, such as the cost of prosecutions, life insurance, customer card, among others, which are usually omitted from the client, and later charged by the lending institution.

- Do not consider and receive information only after conceiving the credit. As a consumer you have the right to know all the values for which the contract will require, therefore, avoid being carried away by the merchant you have to present.

- You can opt for a credit pledge, putting a financial investment as your bank guarantee. This may be a bill forward that can not raise a fund of long-term investment, among others. Look negotiate with your bank, and if they offer warranties, you can take out a loan with a pledge that is usually cheapest.

- You can pay your personal credit pledge by negotiating with your account-ordained. His salary is considered a bank guarantee, and you can borrow a maximum benefit of the value of your paycheck. If you can not pay your benefit, you may choose to use credit cards or cash in the next paycheck.

- When trying to acquire a personal loan, do take advantage of all arguments and which holds gains as a customer and consumer bank products. Indicate the number of accounts you have, credit cards, insurance, financial products, among others, and present also, if possible, other more advantageous proposals from other banks. Negotiate with the bank is no hidden science!
- When you acquire a personal loan, it is likely that the bank also requires him to contract a life insurance policy. This will prevent the institution in the event of your death or disability. May still be required to subscribe to a plan for credit protection, which also protects the bank in case you are on sick leave, involuntarily unemployed, etc..

- Pay off is not always advantageous. In the case of personal credit, the tax penalty on capital to pay off can be fixed or variable. Most banks charge 2%. Calculate well the extent to which it compensates amortize the outstanding principal, and lose interest in what you save.

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