It is possible that when you hear about personal loans, endless positive and negative thoughts about their use come to mind, since there are many experiences lived by people who have applied them in their financial strategies to comply different goals.
It is not a question of defining credit in a general way as good or bad, but before opting to acquire any financing, you know some important aspects so that you take a correct initiative, obtain a benefit and your economy is not affected, so Here we tell you 6 points to take into account if you are going to request a personal loan.
–
1.- When you take out a loan, you will not always be in debt
It is clear that when you take out a loan, you acquire a debt, but if you comply in a timely manner with the obligation stipulated in the corresponding contract, you do not have to be in debt with the financial institution. So it is important that you make your monthly payments, in order to avoid generating any interest that over time could lead to financial problems with your credits.
2.- There are no hidden charges in the contracts
When you require a personal credit, the conditions are established in a contract, so before deciding to sign a document, it is vitally important that you read and analyze it in detail, in order that at the time of making your payments, the amount matches what you agreed with the financial institution. Ask about everything related to the stipulated clauses and if something does not convince you, do not sign it or have it modified, what is written and signed on the paper is the credit you are going to acquire and the amount you are going to pay.
3.- The interests and commissions generated in personal credit are agreed by the parties
It is normal that when you request a loan, you have to pay commissions and interest over time, as long as it is stipulated in the contract and you timely comply with your payments, so it is important that before choosing a banking or financial institution, Compare all the possibilities on the market, which are several, and choose the one that suits you best in the sense that the costs are lower. If you have any questions about an improper charge, contact your financial advisor immediately.
4.- Personal credits modify your credit history
Regardless of whether you are in compliance or in breach of your obligations, there will always be a record of your credit movements, that is, if in the future you want to obtain a new loan, the financial institution will consult your history in order to know if you made your payments on time And form.
5.- Personal credits should not be classified as salary or earnings
Many people might have the idea that when acquiring a personal loan, that capital is part of their income, but the reality is that said financing aims to support some type of unforeseen or emergency and at some point it has to be met. your payment.
A very common example is the use of credit cards, where some users use them without control and when the account statement arrives, they sometimes choose not to pay them, generating interest and affecting their finances.
6.- It is not a rule that your house is the guarantee of a loan
In the event that you do not pay your debt on time, they do not necessarily have to take away your home. This will already depend on the guarantees that you established in the contract with the financial institution at the time of acquiring your credit. Analyze all the documents well and the best thing you could do is make your payment and thus avoid problems.
Finally, it should be mentioned that there are currently several attractive offers on immediate loans in banks, such as when you go to the ATM and instant alternatives are displayed.
Before making a decision, think about whether you really need to acquire a personal loan, it is not always necessary that you go into debt, better take care of your money.
More information about this and other topics in our Credits section.
– .
