Clipping of news on Brazilian Culture, Law and Citizenship
20/07/2012
This article was translated by an automatic translation system, and was therefore not reviewed by people.
SAO PAULO - Many credit card providers are expanding the installment offered to consumers. But we must be aware, even with low interest rates. It is recommended that the educator financial Reinaldo Domingos.
He explains that those who have benefits, interest paid, who pays interest and spend more money a person can become delinquent. "Being in debt is not a problem, but being in debt without having full control of the money coming in and money out of your pocket is surely a big problem."
For the expert, the credit card has been considered the major villain for the default of millions of Brazilians. However, he adds, this is a misconception, the cards are actually a means to purchase safe and effective.
"The problem is the lack of financial education of consumers have learned to consume rather than save. Of course interest rates are high, but we all know this and still abuse this tool consumption. As it is difficult to take their own mistakes is common to hear from consumers that the problem is the credit card and not what you bought with it. It is necessary to have a conscience. "
Care
Thinking about it, the educator who has developed some tips can help. Check out:
1 - The limit credit card should always be less than the monthly salary, up to 50% gain;
2 - Never pay the minimum portion. Search another line of credit with lower interest rates when it has to happen is needed;
3 - The exchange of a line of credit with high interest rates for a lower interest rate can be used as a strategy, but it is necessary to fight the cause of the problem that caused the situation;
4 - Be aware of time consuming. Ask if you really need this, if you have money to buy and you have to pay the invoice total card at maturity;
5 - Control the installments made on the card. In many cases these benefits are committing most of the gain;
6 - Negotiate and ask, if possible, the exemption of annuity credit card. Currently, there are cards that do not charge a maintenance fee;
7 - Those who have a fixed salary, the ideal is to have only one card, and for those who have sporadic earnings, up to three cards, if possible, with salaries on the 10th, 20th and 30th of each month;
8 - Search the benefits that credit card can offer, awards or mileage may be, for example;
9 - Avoid purchases abroad. The rate of IOF (Tax on Financial Operations) on the purchase is 6.38%.
Source: MSN News
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This article was translated by an automatic translation system, and was therefore not reviewed by people.