Contrary to what many people think, credits can be quite useful to achieve wealth and to achieve some financial goals, if you know how to use them wisely.
Before looking for a loan or taking out a loan, review your budget and make sure it is an amount that you can pay each month. Try not to go into debt beyond your ability to pay .
Avoid asking for more than you owe, just to have it just in case, remember that any amount you request you must return with the corresponding interest.
Also, for no reason should you delay payments or stop paying any of the loans you have already applied for.
There are different ways in which credits benefit you, for example, to create a history that allows you to access credits with larger amounts or on better terms. In addition to:
If you have several small debts such as departmental cards, credit cards or personal loans, using one credit to pay everything together can be a good option.
This way you will be saving the interests of the different loans and you will avoid confusion with the different payment dates.
When hiring a loan, check the interest rate, which is not much higher than the credits you currently have.
Also take into account the term and what you will pay monthly, if you will no longer be paying more credits at the same time, it can increase a bit, but make sure it is an amount that you can cover without affecting other of your expenses.
Thanks to the loans, you can acquire goods that would otherwise be very complicated, for example, buying a car, changing the old refrigerator or even giving a down payment on a house.
If that is your case, it is not only a good option, but it is even recommended, since it is a safer way to increase your wealth than doing it through informal savings, such as a batch, where your money can be much more in risk.
Just keep in mind that the loans are not an extension of your money and you will have to pay them back with some interest.
Whether it is a wedding, a baptism, or even a vacation, loans can be very useful to cover these types of major expenses.
In this case the option is to resort to a personal loan or via payroll, because if you pay with a credit card, the interests can be much higher.
In addition, if you pay with several cards, you will have to make several monthly payments that can be variable, with a loan the monthly payment will be fixed and you will be able to better control your budget .