Loan for Negatives: What is it and how does it work?

 

You are in debt and to make matters worse you discover that you will not be able to pay your credit card debt. Beat that desperation, you don’t know what to do until a “friend” of yours tells you about such a credit to negative, without consulting the register of debtors. It’s too good to be true, right? Understand what the loan for negative people is, how it works and when it is worth using.

What is it and how does it work?

What is it and how does it work?

Being negative means that your name is in defaulters list, debtors and consequently, dirty in the square. Even so, there are legal financial institutions that enable and facilitate lending to those with a dirty name. Which is a very good thing, but also very expensive. After all, as financial institutions have more risks in providing money to these proven debtors, interest rates are also much higher.

Negative Loan, the personal loan for negative payments, you take the money now to pay in installments in the future and the interest charged is 10.32%.

Negative Loan only makes loans to retirees and pensioners and Public Servants from all Public Agencies.

How to get out of debt?

How to get out of debt?

Attention, the loan for negative people must be used with financial planning or it can be the same as getting out of one debt and entering into another (the expenses must be put in the tip of the pencil).

Knowing how much money comes in and what your fixed monthly expenses are is essential to devise a strategy on how to get out of debt. Categorize your commitments: the most important are expenses for survival such as rent or the real estate consortium, food, water and electricity; then the important ones, but that can be left aside for a while, such as cable TV, gym, daily cleaner and finally those that are superfluous and that can be easily cut until the budget is up to date. Make a simulation of your expenses adding the provision of personal credit to negative and check if you will be able to comply with this commitment. What are you wating for?

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