The return to classes is coming and with it a series of expenses that can get us in serious trouble. School supplies, uniforms, stationery must be purchased and tuition fees must be paid. All this makes our pocket deflate a bit and we have to look for other options to find a solution to our economy. Here we give you recommendations of which credit suits you for this return to classes, which helps your economy and does not make you behead in the future.
Fast and effective options that exist
Searching for credits is one of the most viable, fast and effective options that exist. But be careful what you choose. We recommend that you analyze well what amount you need and for how long you will have to pay the credit. The Law for Transparency and Financial Services Management (LTOSF) helps you make the credits you hire as clear as possible, as it obliges those who grant credit to publish the CAT (Total Annual Cost) and publish interest rates in annual terms.
Likewise, they should not charge interest in advance, they must also publish the register of commissions and contracts in Bank of Mexico and CONDUSEF respectively, and they must respect that if the expiration of any payment is on a bank day, it must be accepted. at Next day without penalty. When you ask for a credit, check that the above is met.
On the other hand, there are alternative options for credit funding that do not require long paperwork, and that allow lenders to transfer funds to an account where people who need money apply for loans, achieving an almost direct deal between lender and applicant, at very high rates Low, effectively and quickly.
How to get a credit
Usually, the fastest way to get a credit is by using credit cards. Yes, it sounds redundant but it is the payment method that quickly solves the problem. Using credit cards is not bad, if you do your accounts well and do not borrow more than you can pay each month, and if you do not embark on a credit where the interest is very high. In Mexico, the interests of the cards can vary, from 12% to 99%. It is highly recommended that you verify well what is the interest rate of the card you plan to use. Check it with the Total Annual Cost (CAT) and choose the lowest CAT. According to the Regulations of the Federal Consumer Protection Law, Article 6 establishes that all financial institutions must publish the percentage of the CAT. The CAT, in said Article, is defined as: “The Total Annual Cost is the financing cost that, for informational and comparison purposes, incorporates all of the credit costs and expenses.
The aforementioned Total Annual Cost will be calculated using the methodology established by the Bank of Mexico for the type of credit in question, effective on the date of the respective calculation. Review the CAT well. Do not pay more than you should pay. Another option offered by credit cards is the purchase of items for months without interest. On this return to class, take advantage of it, but without abusing. Sometimes this leads to a major capital flight.
Do not pay more than you should pay. Another option offered by credit cards is the purchase of items for months without interest. On this return to class, take advantage of it, but without abusing. Sometimes this leads to a major capital flight. Do not pay more than you should pay. Another option offered by credit cards is the purchase of items for months without interest. On this return to class, take advantage of it, but without abusing. Sometimes this leads to a major capital flight.
Credit is to ask for personal or payroll loans in the company
Another form of credit is to ask for personal or payroll loans in the company where you work. From your accounts well, check your monthly budget and from there decide what amount they can lend you. Check the conditions for the loan and the interest rate. Usually, every month or fortnight, you are deducted from a certain amount to pay off the debt. Take the credit but don’t behead.
Banks also offer loans. They ask you for a series of requirements to get the credit and this takes time. Plan ahead to ask for the loan, so you don’t win the races. Review the different loans that each banking institution makes and choose the one that suits you best. Everything is summed up to the lowest interest, the payment facilities and the time you must pay it.
Another very viable option is that of a collective fund or crowdfunding. In it, a group of lenders come together to lend money to people who ask for the loan, at very low and fair interest. This is an excellent option to get a loan.
Choosing the most convenient credit for this return to class requires your full attention and analysis. Analyze your budget, check the amount of money you need and based on this choose the most suitable for your needs. Don’t let the back to school decapitalize you.