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Debts

Deadline trade to split breaks record

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




Today, the maximum term for fragmentary appliances, electronics and computer items, without an increase, can reach 15 times.

Never stores offered such lengthy periods for interest-free installments on the card itself, which always has a bank as a partner. Today, the maximum term for fragmentary appliances, electronics and computer items, without an increase, can reach 15 times the Ponto Frio, Extra and Carrefour. At the end of last month, Casas Bahia subdivided up 17 times without interest. This movement is a clear indication that the trade does not expect an interest rate hike as early as the financial market has speculated on the likely increase in base rate.

"Offers of time without interest so long as the current is unprecedented," said the vice president of the National Association of Executives in Finance, Administration and Accounting (Anefac), Miguel Ribeiro de Oliveira. In the recent past, remember, advertisements installment in 12 months interest free on the store card were rare

There are several interpretations for the stretch of time. According to Ribeiro de Oliveira, the strong competition between retailers has extended the payment terms. "In Sao Paulo, Casas Bahia want to keep the lead before the arrival of Magazine Luiza's capital and the purchase of Ponto Frio by Grupo Pão de Açúcar." Furthermore, he says, the stores must have large volume of stocks traded in a favorable with industry, that is, longer terms of payment

For the chief economist at LCA Consultants, Braulio Borges, this movement of longer terms on the card from the stores is the return of private banks loans to individuals, since this type of financing done by the card store ever there is a financial institution in business.




Source: State Agency

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

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