Clipping of news on Brazilian Culture, Law and Citizenship
10/10/2012
This article was translated by an automatic translation system, and was therefore not reviewed by people.
In payroll loans is important to remember that payments are debited own case the user does not have a "reserve value", you risk not afford emergency expenses
SAO PAULO - Among the various types of loans, payroll loans is one of those with the lowest rate and so is the one offering the lowest risk who is lending, where banks or financial agencies. With rates so attractive, consumer interest for this type of loan is increasing. In September, the granting of payroll grew 13.7% compared to the same month in 2011, according to the INSS (National Social Security Institute).
The credit (or loan) is automatically deducted from payroll payroll who hires him. Because of this, some cautions are important to be taken. Professor of Economics at FGV (Fundação Getulio Vargas) Samy Dana, warns that this type of loan is seen as "perverse" because the plots are debited from the account of the debtor, and, often, the person needs the money available in account to spend it with urgency.
"Imagine a retiree who contracted a debt, however, is poorly programmed and can not pay right," says the professor, explaining that, in this case, this retiree would no longer eat or buy medicine to repay your loan to the bank, since the credit is automatically debited to your account. "Ideally, the person will not commit to more than 20% of income so as not to suffer so many risks."
As the loan is payroll deducted directly from the account of the debtor, the risk to the bank is smaller and therefore end up with cheaper rates. The teacher explains that banks tend to be cheaper, but that the financial often have special lines of credit such as, for example, to public officials or other professional sectors. "It is important to analyze the risk and return point before taking these loans," advises the teacher.
Advantages
Professor Paulo Romaro, the PUC SP says that the payroll is the most advantageous offers low rates for the long term. "For any other form of financing the warranty is not as strong, and that the risk is higher for both sides, creditor and debtor."
The teacher says to buy new cars, consigned the loan is a good solution, because automakers have several banks own or partner banks in providing credit. "As for the used car loan contract is not good payroll since they are worth the fees proposed by the financial market," says the professor.
Risk / Return
Economist Paulo Romaro says that the payroll is good for several types of profiles, but advises always assess the issue risk / return in financial stocks with loans. Romaro says that interest rates are always tied to the risks to lending money and that the risk / reward is always worth the savings. "He ran more risk, you pay more," he says.
Extension of funding
Samy Dana also alert for the duration of the loan agreement. Many people hire loans for very long periods, extending the period of the debt. "Staying owing more time than you really going to use the loan is risky, since interest rates are going to be thrown on the value of the credit," he warns about the dangers of carrying debt loan for several months.
"If you use the loan for three months, why stay warming the head with it for a year? You need not pay this much, "concludes the teacher.
Source: News Agency
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This article was translated by an automatic translation system, and was therefore not reviewed by people.