4 Care When Getting a Loan
We already talked about when it is worth taking a loan and today we are going to talk about another very important thing: the how. Knowing how to prevent future trouble and help you choose the best loan for you. So, come on!
Take care of your credit score
That’s all the time, even if you don’t need a loan, right? It is the note you have on the market as a payer. The more accurate you pay your bills, the higher your grade and the better the loan conditions are for you. Think of a colleague who borrows money. If you know that he pays everything on time and doesn’t let anyone else in his hand, you imagine you don’t take much risk of defaulting on him, right? Banks and financiers think alike and often give lower rates to this type of person. For that coiled friend of yours who is always in debt all the time, you’ll think twice before lending, right? Well, banks and financiers too, because they are more at risk of not receiving, usually raise the interest rate and make it difficult in this person’s life.
Position yourself as a customer
I know we use the term “borrow” and it already feels like the bank or finance company is doing us in favor. They are not. So, nothing to feel embarrassed or trembling at all for borrowing a loan. When you take out a loan with someone, you pay for that service. Therefore, you are consuming a product like any other. That is, companies want more than you to get the product with themselves. Use it in your favor! No need to feel ashamed, bow your head, or accept any proposal because you need it. Believe me, the manager in front of you is also needing to sell this product.
Keep an eye on HET
In the financial world, this acronym stands for C And Fetitive Total and the sum of all fees, taxes, fees and insurance that will be charged on the purchase of a financial product and, generally, are well hidden in letters minutes of the contract. In the case of the loan, some fees that may appear are: interest rate, credit analysis fee, registration fee, other administrative fees and the Financial Operation Tax (IOF). But calm down, if you know the value of HET you don’t even have to calculate and add one by one! To know the value is very easy, it is necessarily written in the loan agreement. Is it difficult to find? Ask the manager to show you. That way, you won’t be caught off guard by the time payment slips arrive.
Calculate the value of the parcels
Sometimes we look at rates and think, “It looks small.” Let’s sign contract . But, they will not always result in installments that fit your budget. Before closing a loan, go there in your planning, put all your fixed expenses and decreases as much as you usually receive. That way, you can see how much you can afford to pay for your hands without getting in trouble. Knowing this amount, compare the installments of the simulations you made with payment for the same period of time. The ideal is to counter offers from three different places so that you have a good taste of their possibilities. So yes, choose the option that works best for you. ?
Keep these tips with care and use them all to rock when it comes to getting a loan, combined?
Ah! And don’t forget to keep an eye on #Me’s guide here on the blog because there will still be a lot of good tips on lending and other important topics for you and your pocket.