The recent modifications promoted by the federal government have led many people to look for alternatives to the installment of the credit card. With the new rules, after one month of using revolving credit, the customer must receive a proposal from the card operator or bank to pay the balance due in installments. The measure inhibited the risk of the “snowball” effect, in which interest accumulates with each month growing rapidly. Not everything is flowers, but for whom target of the new rule. Although the interest on installments on the credit card is lower than the usual interest on the revolving credit, the rates remain very high, especially when compared to other types of credit. Therefore, in this article, we will present some cheaper alternatives than you. can adopt in relation to the installment of the credit card.
Make a personal loan
Use the personal loan to escape the installment of the credit card an alternative that can guarantee good savings in interest rates. At even the bank itself that is proposing the installment payment must have a more advantageous personal credit line, but it is worth researching in search of the best rates. If you have access to the payroll loan, in which the installments are discounted directly on the payroll, the interest is even lower. The option, however, is not available. accessible to everyone. Is that credit restricted to INSS retirees and pensioners, public servants and employees of private companies with agreements signed with banks to offer the product.
Get credit with pledge
The pledge It is one of the oldest forms of credit in existence. The option, which currently is not so publicized, it offers one of the lowest rates on the market and can be a great alternative to avoid credit card installments. No pledge, is it cadastral analysis is required, what good news for anyone who is with the dirty name. What is Credit released right after the evaluation of the good commitment, which can be from a jewel to pens and watches, as long as they are made of gold or other precious metal. When choosing the pledge to cover the life of the credit card, be sure that it is able to repay the loan, so as not to risk losing an object of sentimental and financial value.
Collect money and pay the invoice View
The customer can take advantage of the possibility of using revolving credit for a month up to the installment proposal to crunch the accounts. With economy measures, the chances of adding enough money to pay off life already increase. the next month. Despite the temporary squeeze, you Tue a considerable break in the following months, without the need to face a new debt. If so, look for extra income by engaging in other activities during your free time.
Another option to install the credit card in installments may be the anticipation of credits, such as the income tax refund and 13 salary. Some banks are also offering advance payment of funds from inactive FGTS accounts, for those who will have the right to withdraw. The amount contracted in advance, generally, is charged in a single installment, at the time the amounts are deposited in a checking account. The big advantage that you manages to get rid of the installments without compromising the monthly income.
Pay the invoice with money borrowed from friends and family
Counting on the help of friends and relatives to cover the credit card debt balance can be a great strategy to escape interest and IOF, in addition to enabling more favorable conditions. Flexible for payment. You need to be careful, as default with family members can cause major constraints. How did we see, It is possible to resort to several options to avoid credit card installments and high interest rates. Get your invoice up to date and reinforce your financial planning so you don’t go back to revolving credit. Was this content useful to you Subscribe to our newsletter and stay on top of news.