Check special type of loan is most often used to close the month, despite the high interest
This article was translated by an automatic translation system, and was therefore not reviewed by people.
Salvation for the current account in the red for many bank customers still have been the overdraft, despite high interest rates. Only in August, according to the Central Bank, the account holders have used R$ 20.4 billion limit of pre-approved credit offered by financial institutions. The previous month the figure was R$ 20.948 billion. In the same period last year, the award was accumulated a little less: R$ 19.686 billion.
In August this year, the average rate charged for the use of overdraft reached 161% per year, a decrease of 6.3 percentage points compared to July. Even so, interest rates are among the largest in terms of credit. To get an idea, the fees collected by the use of personal credit, which includes the operations recorded in leaf, was 44.3% per year in BC agosto.No site you can see the interest rates banks both mensaispor check particular, and other modalities.
The driver Luis Carlos Fernandes, although considering the rate guy, use the overdraft usually from the 20th of each month, when just the salary. Used almost every month because the facility. Already available credit, and when we go out looking for money, has the same convenience, he said.
The servant Emanuel Cordeiro Cavalcante also faces the same problem, lack of resources at the end of the month and there has no option but to go into overdraft. It's a snowball, after entering, it is difficult to leave, he said.
For the economist Ayrton Fontes there are indeed a way out of the debt situation of the overdraft. He said a more affordable option for those who are retiring, retired or public official, is to seek credit record that offers lower rates. Or, use the consumer credit, which also has lower interest rates than the overdraft. Consumers should look for these options to pay or not to use the overdraft, guides.
According to Fontes, the overdraft should only be used in emergencies such as sickness or death of relatives, for example, and for a few days.
Source: Agência Brazil
This article was translated by an automatic translation system, and was therefore not reviewed by people.
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