Personal loan, payroll loan , overdraft, revolving loan, etc. There are several ways for you to make money today. But amid so many options, do you know the difference between each type of service? The advantages and disadvantages?
The amounts of the installments are discounted directly from the payroll. For this reason, this type of loan is not flexible as there is no way to postpone or change the payment date in case of an emergency. In addition, it is also more difficult to renegotiate.
Banks make the overdraft loan option available to checking account holders. This loan is nothing more than a pre-approved credit limit according to your profile. You can use credit at any time, as if it were an extension of your balance. Only the interest on this loan is very high! Think carefully before using it.
It is the loan associated with the use of your credit card. When you make a purchase with the card but only pay the minimum invoice amount, you owe the bank the rest. And this debt will be charged on subsequent invoices, with a high interest rate. The main advantage is flexibility, as it is possible to choose any amount to pay per month, between the minimum and the total amount. The downside is that it is very easy for this kind of debt to snowball, due to monthly interest charges – so much so that this is one of the main causes of indebtedness of the Brazilian population. Use with control and planning!
Online Personal Loan
To get this type of loan, you need to ask a bank, financial agency or correspondent bank for an exact amount of how much you need and how often the money will be returned. Then a contract is signed between the two parties and the loan is made after an analysis of their profile to determine if their income is compatible with the amount requested. To simulate your personal loan click here.
Anticipation of the Thirteenth
The advantage of this loan is that its rates are usually lower than other types of credits. Please note that even if the employer does not deposit or delay your 13th salary, the debt will be deducted from your checking account on the due date you and the bank agreed upon.
In addition, you give up receiving the thirteenth at the end of the year, which is a time when spending is higher. Therefore, think carefully before making this thirteenth anticipation .