Clipping of news on Brazilian Culture, Law and Citizenship
12/03/2014
This article was translated by an automatic translation system, and was therefore not reviewed by people.
transparent image
Farra credit card to spare ? See 4 steps to get rid of the interest
SAO PAULO - Beginning of year and thousands of consumers who were excited on Christmas shopping and holiday periods with little regard for the extra costs of early year property tax, property taxes and school supplies , now has accumulated many accounts and the card ends up without payment.
With this, the demand on resolving the debt grew 50 % over the past two months , says José Geraldo Tardin , president of Ibedec ( Brazilian Institute for the Study and Protection of Consumer Affairs ) . " Although emissions have decreased cards , granting greater limits the widespread practice of promotions such as '12 months interest ' led consumers to buy more . An hour does not close the account and the consumer enters into the trap of revolving credit , "says Tardin .
It is noteworthy that the debt on the credit card is charging the highest interest of the Brazilian market and the world . Coupled with fine, interest for delay and misappropriation of residence committee , the bill can pass the 15 % per month on overdue and unpaid installments .
Ie , in a month the consumer is charged at rates equivalent to 18 months of income from savings interest . According to a survey by the Central Bank , the champion in rates was the total cost of the sight draft on the credit card from Santander : 967 % per year.
On average , a recent study FGV ( Fundação Getúlio Vargas ) and Protest estimated that the average for the debts on credit card interest rates are 282.82 % . The average default rate is 25.6 % , the highest among all types of credit , which implies that one in four patients is credit card debt. Furthermore, 30 % of credit card holders are not paying the full amount of the invoices but parceling purchases , an additional huge risk to take the default .
To help consumers get rid of this debt, Ibedec selected five tips that can help you kick-start . Check out :
1 - Look for the administrator of your credit card and see what the possibility of agreement to cancel or suspend the card , reduce debt and partial payment .
2 - Evaluate Also , if the bank account holder , the possibility of taking a loan from the CDC ( Consumer Direct Credit ) to settle the debt of the card and pay off this loan in installments . The interest of the CDC usually does not exceed 3 % per month .
3 - If you can not an administrative agreement or a line of credit to pay off the debt , you may have recourse to justice . In a lawsuit , one might question the interest charged (can not exceed the market average published on the Central Bank website ) , the capitalization of interest (which is prohibited by the Supreme Court ) and the recovery of undue fines ( up 2 % as the Consumer Protection Code ) . The consumer can get a good debt reduction , but will have to provide a value for deposit in court monthly if you want to take your name and SPC Professionals, which amount has been fixed at maximum 30 % of the income of the customer. The collection of fees for the issuance of bills is also illegal and can be challenged .
4 - Customers who do not have a contract card should request a route to the administrator . If they are denied this right , they can ask the filing of this contract lawsuit under penalty of fine .
Source : MSN.com
Our news are taken in full from our partner sites . For this reason , we can not change their content even in cases of typos .
This article was translated by an automatic translation system, and was therefore not reviewed by people.