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Interest

Clients turn to the portability of credit after interest rate reductions

26/04/2012

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



 


At a time that banks lower interest rates promise. What to do to swap debt for a cheaper one.
 
The reduction in interest charged by banks in recent days has caused a larger movement in the branches. Many people trying to a better condition to pay what they owe. It is an advantage of so-called portability of credit, a consumer rights. But we must be willing to negotiate, and the change is not always accepted.
The car will come out in 2007 almost the price of a new one. Only in interest, Henrique Marques dealer will pay more than R$ 8000. He closed the day before the funding cut in rates.

"Anger came along, right? I'll try the portability and see if I can decrease the value of my share, "says Henrique.

Portability is provided by law. The debt is transferred from the customer's bank where he had the funding to another bank with lower rates. The second bank pays off the debt with the first without going through the client.

"He must know that this transfer can not be charged fees of it, the consumer. Because only is moving a debt from a financial institution to another, "explains Paulo Arthur Goes, director of Procon Sao Paulo.

This is what Henry wants. He seeks a bank that offers lower rates. Good name is the first step in the negotiation. He has. It helps if you also have proof of income. Many debts hinder. What the bank will see is the ability to pay the customer.

Less than ten minutes later, Henrique comes off the bench with a no. "You have to open an account and takes a long time. And that goes for credit analysis. It did not solve my problem really. "

Henrique back to the bank where did the funding, which also announced a drop in rates. The conversation takes time, but ...

"Do not do the refinancing. For me to get this credit will be from May which will come into force, and with 50% down, and the rest in 24 installments, "he says.

Transfer car financing is almost impossible, despite being provided by law.

"The car has good depreciation, decline in market value. The bank does not have the guarantee that he has, for example, a payroll loan, "says Dimitrio Asvestas financial educator.

Portability is still rare. The alternative is to get a new loan at another bank with lower rates and pay off the loan.

That's how retired Yoshico Toma Serehi recovered sleep. He was mired in overdraft, credit card and payroll. He paid R$ 1700 per month and had more and more.

"I suffered enough. I wrapped myself in a way that I could not leave. "

With the retirement pension for her husband's death and retirement, income and proven got a new loan with good rates. Paid off the debt with other banks.

"Better than the rate that she is getting right now is to create a culture of financial education.
That is, I spare to do, "concludes Dimitrio.


Source: PROCON SP

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

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