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Debts

10 Tips for Using well the credit card and not fall into debt

03/02/2015

This article was translated by an automatic translation system, and was therefore not reviewed by people.




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Last year, the debt on the rotary credit card grew 17%, with a total value of US $ 29.8 billion, and the related default the tool reached 40% in December.

The biggest problem, according to the Anefac (National Association of Executives in Finance, Administration and Accounting), is that the interest rate on this credit was 258% a year at the end of 2014.

At such times, the consumer wonders if the credit card is a villain or an ally of finance. According to the financial educator Reinaldo Domingos, you must understand that this is not the thought that one should have.

"The card is a safe purchase, which can have advantages, if used well, such as mileage and a few days to pay for a purchase. However, if misused, can cause serious damage to financial health, becoming a vicious circle, "he explains.

See 10 tips to avoid falling into the credit card pitfalls:

1. The credit card should not exceed 50% of salary or monthly income, which will avoid spending more than we receive;

2 For ease of installment credit card, every day increases more and more debt people. So in doing fixed installments, one must be aware that is compromising the future months of the monthly budget;

3- The capital error in relation to the card is to pay the minimum amount; this must be avoided. The high interest rates charged end up taking one into default. If you can not pay the full amount, look for another line of credit not exceeding 2.5% per month;

4- Avoid the card annual fee. Today, you can find cards that do not charge any handling fee. Also never lend your credit card to someone else, even if it is known;

5- If you have only one monthly gain, should have only one credit card; if you win every week, you can have up to three cards, for days 10, 20 and 30. With this, you can buy six days before the expiration of each, earning 36 days for payment.

6- A polite way, financially, to use the card is to know to enjoy the benefits that credit card can offer, are awards or mileage;

7- If you lose financial control and can not pay the full invoice card at maturity, you need to do immediately a financial diagnosis and discover the real problem. Along with this, you should get a line of credit with low interest rates;

8 It is important to be aware that the parcel on the credit card, will pay interest on each installment;

9. Remember, you do not lend to a person who does not know to pay in interest-free installments, lend? The answer is not, therefore, save money, buy the spot and ask discounts;

10- The card used unaware promotes impulse purchases. So, beware. It takes responsibility when it comes to consuming;
always ask if we really need it, you have money to buy and is to pay the full invoice card at maturity.



Source: MSN

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This article was translated by an automatic translation system, and was therefore not reviewed by people.

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