CONSUMER CREDIT: ADVANTAGES AND DISADVANTAGES
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Who has not wanted to buy luxury items or pay a trip to exotic places. A consumption credit is a viable alternative to achieve those small tastes that one aims at a reasonable price.
A consumption credit, like credit cards, reversed the scheme, rather than save, spend and then you pay. Saving is replaced by payment in monthly installments that must satisfy the entity who lent money. Obviously, there are costs for all, it will be the interest that is paid by the requested amount.
These loans may be affected or unaffected, as the case may allow allocate money to a purchase or renovation in particular, or be spending freely. The latter tend to be significantly more expensive than those affected, such the case of so-called personal loans.
To request the consumer credit – which can be performed in banking or financial institutions, including online – some important variables should be seen. The cost of credit will not only be given depending on the interest, which tends to vary depending on the term. Extras that its concession trucks affect costs. Expenses administrative, tax and insurance of life on the amount owed must be added to the value of the monthly fee.
As a general rule, it should never take a credit of consumption for one period exceeding the useful life of the asset to acquire. If it’s a trip, the total should be canceled before the next planned. Also should avoid over-indebtedness, what usually happens with permanent credits (e.g., credit cards).
To get a consumer credit or a credit card to suit you, the best is to simulate their terms, interest and fees. At ComparaOnline you can do it free and without leaving your home. Enter our Simulator for consumer credit or credit card. Saving time and money!