When one has money or use credit to borrow money from banks or marketplaces of credit or online personal credit platforms is easy, however using the credit received intelligently there is not for anyone.
Doing the right money management is not only to increase the amount saved in savings to reach your goals with investments in dollars, with public or private bonds as in the newest way to earn money (investing in Biticoin crypto-coins or investing in peer to peer lending ). Be a good steward of money and more focused on having responsibility in using credit to realize your dreams and goals and not get lost in the way of debt and still have the name denied.
Be smart when using credit or loan
Personal credit is often the ideal lifeline for people who find themselves in a situation that urgently needs cash to cover an eventuality or urgency. Taking short term unsecured credit (personal loan), up to 1 months in general, has easier access and can even be claimed by people denied in the name.
“Do you have to pay costs and expenses related to your child’s education? Do you have to pay for medical emergency fees? Do you have a lot of spending on household things? Or, do you need a loan to travel now on vacation? We know that there are many special events in life that need to have money.
Personal credit often plays a super important role in people’s lives, helping to realize projects and realize dreams, however, it also reminds us that “every working citizen must know how to manage his money responsibly to keep his finances and credit intact .
Applying for personal credit to cover fixed expenses or to purchase items that are not needed is not a good decision. You’d better save your money instead of squandering and managing your expenses with caution to get everything under control. Listed below are some tips that will help you become a “smart manager” when using personal credit.
1. Hire credit from an authorized institution
There are many online lending institutions and loans making web and email offers tempting, but it may not be the best time to hire credit. Personal credit today is about 8% a month and if you have restriction, that interest rate can reach 18% or even 25% a month. Anyway just ask for personal credit if you are sure that the company or credit platform is reliable and secure.
See here over 21 secured negative credit companies and the 12 best online loan companies.
2. Do not overextend with credit terms
It is in this part that monetary discipline is essential. We know that a loan is very tempting, so be aware and do not borrow more than you need, as this can negatively impact your budget, so if you become financially complicated, you will not be able to pay.
Choose the required amount with a payment term that fits into an acceptable budget. The term chosen to repay your personal credit is extremely important, it directly affects your monthly payment, but in longer terms it affects increasing the outstanding balance.
Always make sure that you will be able to pay what you have been hired. If you can anticipate installments of your loan from time to time, better yet!
3. Pay properly and up-to-date
Pay off your personal credit on the days of maturity without any delay until it is over, it will be extremely important for you to maintain a good credit history, increase your score, and facilitate future hiring of credit in the future.
4. Pay cash or automatic debit?
Nowadays to use credit is a cinch, you can contract on several platforms in the internet online credit with ticket or card, however through an automatic debit order without any doubts is one of the easiest, most reliable and economical ways to fulfill your repayment obligations and not forget to pay your loan on the right day. Good luck!