Clipping of news on Brazilian Culture, Law and Citizenship
08/20/2012
This article was translated by an automatic translation system, and was therefore not reviewed by people.
Knowing the value of CET - or Total Cost Effective - a financial transaction is critical to the consumer. But neither the credit officers inform know what that value
The week begins with a question for many Brazilians. How to finance a well - car, appliance, construction material - without paying more for it? We seek Procon in Sao Paulo. And the first advice is to check all the fees that credit will be included in the plots. With them, the bill is much more expensive.
This law is poorly informed and poorly exercised. Knowing the value of CET - or Total Cost Effective - a financial transaction is critical to the consumer. But neither the credit officers inform know what that value.
Material weighs in the budget of any construction or renovation. If you need to divide the account then.
"What counts is the payment deadline. If he is good and interest rates are attractive, "says Carlos Bastos Gonçalves, Mason.
"Actually, we always consider the interest," says Erica Rodrigues Dias, a systems analyst.
"Deadline also, when you can not escape the financing," explains Tales Marlandi, systems analyst.
Yeah, but funding is not made only of time and interest. In the middle of the plot, almost always there are fees and taxes that make all the difference in the end. It's adding up all that is discovered called CET - Cost Effective Total financial operation.
It is usually composed of the IOF - Tax on financial transactions - and the fees charged by institutions. Registration fee is the most common: they are $ 25 in the system of funding for a building materials store. Weds interest of 2.99% per month, plus the IOF.
"The system is not available to me, so I can not report to the client. Most customers do not ask. The interest alone, "says Claudia Ferreira do Nascimento, supervisor of credit.
The Procon São Paulo says clear all fees and taxes is an obligation of the lenders and banks.
"The Total Effective Cost is information that allows consumers to compare between different financial institutions, which the lowest cost of money for him. Therefore, it is information that should be passed and properly provided, clearly, before hiring, even in advertising, "says Paulo Goes, CEO of Procon SP.
"You have to ask, you have to ask, what other fees are being charged or financing or embedded in the plots. I need to know the value of my purchase, the freight or transport, which is the Open Rate Loan, which the IOF embedded in the plots. Because suddenly I have the option to pay these fees in cash and not embed them in the amount of installment and have a smaller portion, "explains Dimitros Asveta, financial educator.
A TAC - Open Rate Credit - charged by companies to check if the consumer is named clean, is not illegal. But Procon believes that it can be challenged. Except that the consumer ends up paying for not having the headache of chasing value.
Source: News G1
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This article was translated by an automatic translation system, and was therefore not reviewed by people.