Clipping of news on Brazilian Culture, Law and Citizenship
11/10/2013
This article was translated by an automatic translation system, and was therefore not reviewed by people.
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As the benchmark Selic rate now 9.5% per annum , personal loans are more expensive . The scenario is set to worsen with projected to reach 10 % in November
Henrique Moraes
Rio - The consumer debt need to get out of this situation as soon as possible . The new high basic interest rate ( Selic ) , which went from 9 % to 9.5 % per year and that , as analysts forecast , expected to reach 10 % in November , will impact further six lines of credit to person physics. Mainly in the interest of the credit card and overdraft . Economists interviewed by DAY , gave tips to avoid and get rid of debts .
Back to Brazil after living 14 years in Portugal , the clerk Danielle Santos was startled by the interest
Photo : Carlo Wrede / Agency Day
For Luiz Rabi, economist Serasa Experian , repay in full the card bill is paramount : " You should never pay just the minimum invoice . The interest is exorbitant . Who's in this situation , renegotiate debt with making payroll loan payroll deduction is the solution . " Says Rabi enter the overdraft , just for a short time . " It is essential to cover the amount within 10 days," he advises.
The clerk Danielle Santos , 35, who lived in Portugal for 14 years , was startled by real interest rates in Brazil , the world's largest . "I'm even scared of credit cards ," he says .
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Photo : Info Interest
Projection made by the National Association of Executives in Finance, Management and Accounting ( Anefac ) shows that , with the rate at 9.5 % , the average credit card interest went from 9.37 % to 9.41 % of the value residual ( minimum payment ) . And can reach 9.49% in November . In overdraft , the estimate is that the interest passing from 7.81 % to 7.85% , reaching 7.93 % at the end of the year .
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Executive Director for Research and Economic Anefac , Miguel Ribeiro de Oliveira explains that it is necessary to develop and be careful with the budget to avoid debt . It guides which define the real needs and spending plan considering always the available income and not the salary plus the overdraft , for example.
" The expenses have to fit within the salary," he says. Among other tips , Oliveira advises : identify all debts ; rescue applications and sell goods (if ) , reduce expenses and pay off more expensive debts first and that result in penalties ( condo , light , water, telephone ) .
Source : The Day
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This article was translated by an automatic translation system, and was therefore not reviewed by people.