Payroll loan without getting indebted
Discounting a payday loan without getting into debt or having to increase indebtedness months later – is it possible? Well, the process of indebtedness already starts by simply asking for a personal loan or payroll loan, no matter if one has the lowest rates and the other with much more expensive rates. Every case is a case and there are people who borrow interest at the rate of 25% a month and still think it helped in some way. See http://worldwideklein.com for an example
Currently almost all state and municipal public servants can apply for payroll loans through the payroll system, payroll is offered in dozens of banks and financial institutions that are accredited exclusively for this type of credit operation. Under some specific Decrees, public agencies have a number of months to make administrative adjustments between the responsible department and the banking institutions.
Taking loans and more loans, we know that this is the reality of public servants in all spheres, including CLTs, Commissioners and even temporary ones, indebtedness has occurred due to flat wages and salaries year after year, without inflationary replacement, as a way out of emergency “bailout” always seems to come from the payroll loan. It is money in the pocket for a cheap quotation cost, but the question involves a well thought out analysis between the quality of salaries x exposure to ease of obtaining credit.
Because of low government wages, the only entity that benefits from this modest sham of public agencies in sponsoring unworthy payments is the financial institutions that take advantage of and create numerous credit mechanisms and products to offer to employees and servants by engaging -more and more in debt and lack of money for basic needs.
At this very moment, the public servant can even think that he will “free” himself from the debts, but for the immediate accuracy of money he does not even understand that he will be entering a financial prison with no keys and no jailer.
How to hire the payroll loan?
The first recommendation is to always compare the interest rates and the Total Cost Effective (CET) of the loan, research all banks that you can get or are accredited with your agency. For interests that we hardly know, even with the crisis, new situations are created to open new lines of credit in several areas, they are offered by private banks and also by federal banks like Caixa Econômica and Banco do Brasil that profit much with this.
To escape from prison, it is best to always save a little money every month if you can and buy everything in sight or commit no more than 30% of the income. In fact, the payroll loan is the best line of consumer credit in the market, in addition to having the lowest interest rate, its operation protects the public servant from over indebtedness, especially since it has a limit of up to 35% of commitment with discounted payments in the loot
When is payroll recommended?
The ideal is to apply for the loan only to settle debts of more expensive credits such as overdraft, credit card, loan with moneylender or other debts with individuals. The paycheck has lower interest, an advantage for those who know how to use it well. One tip is to settle credit card debts or make the settlement of car loans, pay cash and still have some cash left over.
Is it possible to renegotiate with a bank? The financial institution is not obliged to renegotiate or refinance the debt acquired, but virtually all banks offer the renegotiation or refinancing of the loan from some installments paid from the contract. There is also the situation where the consumer can pay off the outstanding balance, in this operation are discounted future interest that can generate an excellent discount.
Payroll-deductible loan without getting into debt
Hiring a payroll loan without getting into debt is practically impossible, but you can minimize money problems by using only a part of your paycheck to repay the loan, never commit more than 30/35% of your financial debt earnings. That means that it’s no use using 30% of the discount on the pay stub and hanging on your bank’s credit limit or overdraft.
One way or another, the public servant or civil servant needs to assess the risk of the payroll loan or personal credit is, keep your monthly commitment healthy, before making the loan think, reflect and analyze if there is no other way to get the money required. Be cautious, compare and plan, these are essential tips for using wages or salary resources well. Also read the personal loan guide online.