Is the loan worth it? reason to request extra credit!

The loans can be of great help depending on the financial situation in which you find yourself. Factors such as unemployment, health, travel or the purchase of a car or property, can influence the type of credit you need.

So, know more about the credit modalities and understand if the loan is worth it to you

Personal Payday Loan is an amount of money that you borrow

Loan is an amount of money that you borrow

Loan is an amount of money that you borrow from a financial institution to meet a particular need. In this way, after receiving the amounts requested, the borrower makes payment in installments to pay off his debt with the bank. In addition, the incident interest rates are specific to each modality . Know the main types of loans:

Loan by Special Check

Loan by Special Check

The Special Check is a pre-approved credit already available to the customer who has a checking account and a good relationship with the bank. It is used automatically when the checking account is out of balance but there are still debts to be made. It is a practical and fast mode, but, despite the ease, it has high interest rates , which revolve around 230% per year , according to data from the Central Bank.

Personal Payday loan

Personal loan

It is the most common form of loan. By going to a bank or a financial agency, you request the amount under the terms of a credit analysis.

This type of credit is very difficult to obtain if the applicant has the negative name and score (cpf score) low. When approved, your average interest rate is approximately 125% per year .

Payday loan

Payroll loan

Exclusive to retirees or pensioners, this is a fairly viable loan option. Interest rates are much lower , around 2.10 a month. In addition, in this type of loan, there are no problems in having a name with restriction. The amount of the installment is already debited from the payroll , and it is not necessary for the borrower to worry about bills and charges.

Reasons to apply for a loan

Reasons to apply for a loan

There are specific situations that lead us to consider whether applying for a loan is worth it. Each person has their reasons for thinking about acquiring credit, such as setting up a business or taking out debts. Check out the 5 most common reasons to apply for a loan .

When to open a business of your own.

When to open a business of your own.

Do you have a project you believe in, want to get you out of the role and put it into practice? If so, payday loan is a great option. So with this money you can open your business and start investing in your dream . Payroll-deductible loans give you advantages, such as paying the initial suppliers in cash, so you can not accumulate accounts with several creditors and keep a working capital to start the operation.

Clear the name on the market

Clear the name on the market

Often companies renegotiate their debts with big discounts to get paid right away. However, there is no point in having an excellent opportunity and not having the money available to greet you. Therefore, the payroll loan is a great option, since no credit analysis is performed . With the cash in hand, you can settle your debts, negotiate rebates and clear your name. As the interest rates practiced are very affordable, it is a good opportunity to regularize your situation and not to get into debt again.

Decrease the number of debts

Decrease the number of debts

If you have multiple debts from different lenders, payday loan is the best option. You apply for a loan in the amount of the sum of your debts and remove all at once. Thus, the payment will be debited from the account, with lower interest and fixed amounts , without any surprise. Therefore, it is worth remembering the famous strategy of exchanging an expensive debt for a cheap one.

Emergency Situations

As much as we are organized with our expenses, we can not always predict emergency situations, such as illness or accidents. By hiring a payroll loan, you do not get high installments and do not commit the remainder of your salary. The credit can be split in up to 72 times , in this way, the installments may be lower.

Make retirement at home

We all know that renovating the house can jeopardize much of the income. Moreover, many times because of lack of money, people leave the work without conclusion. Therefore, payroll is an interesting option because you get enough money to complete your entire retirement . So, do not let your project stagnate and do not even turn your dream into a nightmare.