When is it worth applying for a consumer loan?

The possibility of requesting a consumer credit goes through our heads continuously, perhaps because we want to give ourselves a treat or for an emergency that arose, but it is not always the option that suits us best.
So how can we identify the situations in which it is worth requesting?

 

Expense to be made is important and cannot be financed

Expense to be made is important and cannot be financed

First, it is worth requesting when the expense to be made is important and cannot be financed otherwise. That is, if it is a relatively small purchase, is it better to use the credit card? Or if you are about to receive some bonus or extra payment, can you wait and avoid applying for the credit? If the answer is no, then consumer credit is the best option so far.

 

When you will not pay it in a very large number of installments

When you will not pay it in a very large number of installments

Second, it is worth requesting when you will not pay it in a very large number of installments. Because as we always repeat, at more installments, higher interests (and remember that the interest on loans is not so low). So if the amount you want to request will have you paying for more than a year and a half, you could decide to wait and raise a little more money, so you will request a smaller amount.

 

It is worth it if you are economically stable

It is worth it if you are economically stable

Third and last, it is worth it if you are economically stable. That is to say, you have the guarantee secured for at least one more year. Why is this important? Because it will assure you that you will not fall behind in any installment and therefore, you will not harm your banking situation or be reported to any central risk.

Evaluate well if it is worth requesting that credit and be encouraged to meet the closest objectives. That trip or that important purchase is waiting for you, you just have to come up with the plan that best suits your pocket. For that, compare the options and choose the consumer credit that suits you.

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