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Debts

Tips for you to pay off debts

08/15/2016

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

 

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Source: People

To find out if it is worth anticipating installments and pay off debts, you need to check the amount of interest and charges with what you would get if you apply this money. In general, the more it is worth paying just what should

The first step for those who are in debt or struggling to pay debts when receiving the salary is to admit, stop and try to settle as quickly as possible, especially if the account is in credit card or overdraft.

"One of the first mistakes only pay the minimum amount of the credit card bill or go through more and more days in overdraft," said the professor at the Federal University of Ceará (UFC) and researcher in the field of personal finance, Eric Veras Marques. He also notes that sometimes the person earns $ 2000, but has three cards with a limit of R $ 6,000 and out spending that can not afford. He also points out the error of cash purchases which together give a great value.

Professor of Economics, University of Fortaleza (Unifor), Allison Martins says that to pay off the debts, you must first know what the size of the problem. "Make a complete lifting of the debt, interest rates and fines, and so will have an exact idea of the amount you need to pay off," he adds. Soon after, it suggests a diagnosis of the family budget and carry out necessary spending cuts.

Allison explains that, following these steps, you can make a "combat strategy" to debts. "Start with the debts that bring harm to their daily lives, such as basic services. Then have focused on debts that have the highest interest rates. " Another tip he gives is go to the bank or financial and express interest in renegotiating. Says it is good to expect the offer to pay off the debts because creditors are also keen to rectify the situation.

It is worth anticipating?

In the event of prepayment of installments, economist Allisson indicates pay the final installments, requesting the discount interest payment. "Having the possibility to concentrate the debt in one place and with lower interest rates is a great strategy because it leaves the easier challenge to win."

The chief economist of the Institute of Economics and Information (Econ Prime), Jorge Nogueira, says it is worth using extra money or left to anticipate installments or pay down debt. "It is better to pay off the debt in advance, because the discount for advance payment equivalent to the interest on the loan which is always much higher than the rate of application," says considering another simple and logical way is to compare the loan rate recorded in contract against the rate of application. If the loan rate is higher than the best application is to pay in advance. "The big question in the study of debt is not what you earn but what is left to lose."

In case of extra money Professor Eric Marques defends save a portion for emergency cases. "The other part should be to pay off the most expensive debts, or that has the highest interest rates, credit card and overdraft," he says, adding that in general the debts interest rates are higher than those of without risk applications. He recalls that the payment of water and electricity bills are also priority because after a time delay are cut.

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debt figures

The latest research on Indebtedness Consumer Fortaleza, released in July by the Federation of Ceará (Fecomércio-CE) showed that 64% of the capital of consumers have some form of debt

A decline of nearly 10 points from the previous month (73.8%), the result was the best recorded since November 2014, when the general rate debt was 58.4%

Ceará ranked third among the states of North and Northeast, the number of people in debt. According to a study by economists of Serasa Experian and the area of Big Data, Acre took 1st place in the ranking of default among regions

But the Consumer Confidence Index (ICC) of Fortaleza in August, also determined by Fecomércio, grew by 2.6% compared to July

Although the indicator remains in the field that indicates pessimism among consumers, with 98.5 points, the improvement was pulled demand for semi-durable

The result of the ICC August was due to the improved combination of the two components: the Present Situation Index rose 4.8%, from 80.2 points in July to 84.1 points this month; Futura Situation Index rose 1.5%, reaching 108.2 points

 

Source: People

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

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