Can this situation solve your problems? Yes, if you have security, although in some cases you can not take anything for granted, that you can face all the payments without the debt interfering negatively in your daily economy. Before applying for any credit or loan, you need to know your debt capacity.
What to ask before asking for a cheap personal credit?
A cheap personal credit will be the solution to your problems today, but you should also think about the next month, and the next… and maybe in the next few years. Therefore, before applying for a cheap personal credit, you should ask yourself some questions so that you can fully enjoy this type of economic solution.
- What do you want the money for? Is it something so urgent that it can not wait until next month? If so, do not hesitate to request a cheap personal credit, if you think you can wait but still need it, take your time to compare entities and conditions, especially to understand perfectly what you are going to sign.
- How much money are they going to lend you? Sometimes, what you need is not the same as they are willing to lend you. Although the credit companies offer a certain amount of money, it does not mean that they consider that all the people will be able to return it, however good your intentions may be.
The credit companies check your income, your monthly expenses, they include what you need to live every month, counting also with transportation and food, if you have other debts that you are paying, if you have children that depend on you, if You have a regular income, if you have any property or funds, if your data is on a list of defaulters and if the reason is a bank debt and, after all that, calculate your borrowing capacity, which should not exceed 40 % of the money you have left each month after you have paid for everything.
Depending on the result of the whole set they will lend you a certain amount of money. Before losing your nerves by requesting a cheap personal credit to different entities that deny it, calculate how much money you can ask and to whom.
- And the insurance? Keep in mind that any loan or credit carries an insurance whose fees have to be paid. It is natural that credit companies and banks request the purchase of insurance on debt, many things can happen during the time in which the contract is in force such as an accident, death, loss of the source of income… they risk their money and want to recover it, you would also see it like that if it were your money.
Think that this money is not being lent to you by a relative or your best friend, by a person who does not know you and whose business is based on that. The same thing happens when you buy an object and you want a guarantee on its operation.
- What kind of fee is better for me? The fixed fees assure you that each month you will pay the same, with the variable fee at the beginning the payments are high and in the end they are very low, amortizing the capital in a faster way than with the fixed fee. Depending on your ability to meet monthly payments, you must choose a fee type, if you have the possibility to do so.
- What length of time to return a loan is the best for me? It depends on what you are going to use the money for. If it is the purchase of an object, choose a fee that you pay during the lifetime of the same, that way you will not have to continue paying for it when you can not use it. If it is a credit to have liquidity, make sure that what you are going to pay for it is not going to be a bigger problem in the future. Thus, depending on the number of installments, what you are going to pay for the money will compensate you or not.
What kind of problems can solve a cheap personal credit?
To arrive at the end of the month, the registration of the university, the school material of the children, the Christmas purchases, the invoice of the workshop or other invoices, the payment of receipts… Everything you need at this moment can be solved by a credit cheap staff, but do not forget that you should return it.
You should also bear in mind that getting into debt to pay other debts, if you do not do the calculation well, in the long run it can be worse. If you are going to ask for a loan to pay other debts, make sure you can pay it. The amount of the installments to be returned must be less than the amount of the installments that you have not been able to meet with the other debt.