Clipping of news on Brazilian Culture, Law and Citizenship
09/09/2013
This article was translated by an automatic translation system, and was therefore not reviewed by people.
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Number of participating consortia in the country grew by 9.6 % in the first half of 2013
Betting on luck should not be a reason to do a consortium . More akin to an act of consumption rather than investment , it is much cheaper than the financing of real estate and vehicles , but can cause distress to those in a hurry to acquire the good .
If you want to participate , forget the draw and think that you will be the last to be contemplated , " recommends financial educator and president of consulting Dsop Financial Education , Reinaldo Sundays .
As managers deliver the letter of credit - the amount of good - a few participants drawn periodically , or those that give the highest bidder , the chances of recovering the money last are real .
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But this is not necessarily bad since being picked early on can generate headaches if it lacks planning. "When you are covered , you need money to pay the deed to the property and have the name settled in credit protection services ," says the consultant Dsop .
Formed by a group of people who make monthly contributions around the same aim , the consortium is more suitable for those who do not have discipline of saving. " It can be a nice feature to force the accumulation of capital ," says Dominic .
By taking a long- term, however , we must assess whether the parcels will weigh on the budget . With the annual valuation of the assets, the value of the consortium is usually fixed based on market indices .
more participants
Between January and June this year , the amount of consortium in the country grew by 9.6 % over the first half of last year , with 5.5 million participants , according to data from Abac ( Brazilian Association of Administrators Consortium ) .
The number of new accessions representing 1.3 million in the period , more than 600 thousand draws - the time of completion of the financial goal . The turnover , according to the organization, totaled U.S. $ 40.8 billion in the period , an amount 6.8 % higher compared to the same period of 2012.
It is not investment
Despite being a way to save , this feature should not be confused with a financial application , since it does not generate income or personal wealth multiplies . Should be associated with the achievement of an objective material, which is the consumption of a good .
Moreover , the consortium does not charge interest - despite management fees , plus insurance and reserve fund , in some cases . While interest rates for financing a property are around 10 % annually - reaching up to twice the value of the property at the end of the payment - the consortium usually charge rates between 10 % and 20 % of the total value of the good.
TURNOVER
Cumulative value consortia contracts between January and June of each year (in U.S. $ billion )
ABAC
" For those in no hurry , the consortium is well aware that more funding ," says Wilson Muller , financial advisor CESP Foundation .
Attention before hiring
Although very low , the risk of acquiring the service exists . One is the default of the other participants , which can force the administrator to use the reserve fund to conduct raffles or leave for some time , contemplating just who the highest bidder .
There may also be problems regarding charging fees or rules changes not foreseen in contracts . " It is necessary to consider all the clauses before joining the business," Muller guides .
Another recommendation of the consultant is to search the internet possible consumer complaints and check the status of the administrator of the consortium on the website of the Central Bank , which maintains a list of companies that received more complaints in the organ .
occurrences
The number of consumer complaints related to consortia in Procons grew 25 % in the first half of 2013 , compared to the same period last year . There were 959 complaints this year against 767 in 2012 , mostly linked to the consortium car , followed by real estate and motorcycles.
Since 2011 , the national defense received 4,252 complaints involving financial product . The most frequent cause was related to noncompliance , changes or irregularities in contracts . As a result , you should make a careful reading of the document before signing and only sign the contract if you agree with all the items , alerts the body .
Cases of withdrawal appear second in the ranking of complaints , followed by complaints of unauthorized charges (not under contract) . Other problems also led consumers to the body were the incorrect calculation of fees and mis-selling product .
Source : IG
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This article was translated by an automatic translation system, and was therefore not reviewed by people.