Clipping of news on Brazilian Culture, Law and Citizenship
06/10/2016
This article was translated by an automatic translation system, and was therefore not reviewed by people.
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Procon-SP
high interest rates, often above 1,000% may make the unpayable debts and complicate the financial situation of the consumer
more expensive interest rate than the revolving credit card and, in some cases, surpassing the four digits. It's what the consumer expects that, mired in debt, decide to use the credit for negated as a last chance to rearrange the accounts. In general, who offers this product promises to ignore any spot in the financial life of the debtors. The downside is that this has never come cheap.
In practice, an interest in the house of 1,000% means that a loan of R $ 1000 can become more than R $ 11 thousand with an incidence of interest in just one year. It is as if, in approximate terms, the interest rate for a full year in payroll loans were equivalent to the charge in just one month in negated.
Knowing beforehand the cost of money is not easy. The Central Bank does not disclose specific data on credit for negated interest. The solution is to find another line, not the payroll loans, and get the highest market rates. At the top of the rankings, just appear with the financial strong appeal in this product, as Facta, Crefisa, AGIPLAN, with rates between 800% and 1,000%.
The methodology of the survey is the same as recent survey by the Brazilian Institute of Consumer Protection (Idec), which also pointed banks BMG and Daycoval as financial institutions that openly proffer this credit.
Sought, Crefisa, AGIPLAN, BMG, Daycoval not willing to comment on the policy adopted. The Facta was not found.
"It's not a solution, precisely because of these high interest rates," says Marcela Kawauti, chief economist at the Credit Protection Service (SPC Brazil). The expert suggests that, before resorting to credit for negated, should seek any other way, such as the sale of goods.
The Economist Idec, Ione Amorim, points out that the risk is falling into over-indebtedness. "What we see is a sieve. The consumer takes debt to pay interest other debts, "he said.
options
To help in the task of reducing the debts and escape the high interest rates, the recommendation is to choose the payroll loans, which has the lowest market rate. The cost is lower because the money is debited directly from the payroll.
Despite the advantages, payroll also has risks. Ione, Idec, points out that consumers should get used to the fact that will, every month, an automatic reduction of yields.
The effect of this is that the default in the payroll is controlled, but spreads for other credit lines, such as overdraft and credit card, "he says.
In extreme cases, it is appropriate help of professionals to exit the red.
"?? The debt does not need more credit. The ideal is that it makes a diagnosis of the financial situation," said Diogenes Donizete, coordinator of the Center for Support superendividado Procon-SP.
The agency has, since 2012, a core to help overindebted. To participate, you must make a record by Procon site or schedule an office hours by telephone. Then Procon gives a course in financial education and work in renegotiations.
Check out the full article on the website Estadão
Source: Procon-SP
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This article was translated by an automatic translation system, and was therefore not reviewed by people.