Ensuring the best online loan negotiation or loan in the store helps to save a good exchange. According to the latest statistics, in the last quarter credit analysts and economic monitors showed an increase in the number of consumers of secured loans, personal and payroll loans, as well as increased demand for credit cards without consultation.
Although our economy is fragile, many have committed to financing and credit of all kinds to momentarily supply their financial problems. But we all know that it is always good to avoid debt. However, the reality is that the vast majority of Brazilian citizens are likely to take on debt at any given time, whether now or in a future time.
Although acquiring a personal loan may seem to be the best way out of a financial crisis or to just cover large expenses, long-term liability should not be taken irresponsibly. ” If a loan is not well-negotiated and managed, it can have a negative impact on your finances and credit history, as well as your next credit applications.” For this reason, it is important to be aware and thoroughly analyze all the details of the type of loan chosen and the interest of the transaction.
The best loan negotiation
Get your loan at an institution authorized by the federal agencies and central bank. Never do business with a credit institution that is not authorized to provide credit , no matter how attractive the offer may seem, since they do not follow the mandatory laws of the financial market, just like all financial institutions and banks. In addition, they tend to charge higher interest rates and illegal rates.
Tip : The first and best choice when thinking about getting a personal loan is to go to your retail bank, the institution will better understand your needs and indicate a satisfactory solution. ” Review carefully to ensure the best loan deal. There are still options to look for legal professional and financial moneylenders like the crefisa that releases loan for negative, however both have high interest rates.
Once you have started the loan quote process, you have up to five days to accept or not to negotiate. In general the quote, terms and conditions will stimulate all loan details such as: loan amount requested, amount of installments, interest rate you will pay, loan duration, loan life insurance and charges, services and administrative fees. You will be fully responsible for paying the amount borrowed until the end of the loan.
” You need to be 100% sure that the loan you borrow will be the best option for your needs and that you will be able to repay it throughout the repayment term. Therefore, it is important to make a financial analysis of your funds . “
Protect Your Family With Loan Insurance
In most cases, your quote will include an insurance fee for loan, life insurance or lender, in case you can not pay your loan for death, disability or temporary or permanent reduction. You should be able to get that insurance through your loan lender but the choice is yours as to the question of whether you wish to avail of an external insurer.
Even if your loan provider stipulates the type of coverage needed for you, be wary of suppliers who want to force you to make a particular choice right away. You have the right to calmly and clearly analyze your loan negotiation to the expiration date.
Advance loan payment
If you are in a position to repay your loan in advance , contact the bank or financial institution and ask for the boleto or discharge letter. Authorized banks and institutions do not charge penalties for prepayments of the loan. Just like in the initial quote of your loan, the lender will give you a certain time to carry out the discharge of the loan if you do not pay it in this period the balance may change.
Remember that it is not advisable to apply for a personal loan to cover the costs of goods and travel. Instead, think of a loan negotiation to meet larger expenses such as home renovations that in the long run will add value or perhaps make a student loan to improve your education.