At DBCredit, we come across countless cases of over-indebtedness. We seek to help people through renegotiation and credit intermediation, with the ultimate goal of structurally lowering their financial costs . We do it correctively. We want to leave content that prevents the need for corrective intervention. In this context, we want to highlight a set of errors that can cost you dearly and lead you to financial turmoil.
Making Unnecessary Credit
Before making a loan you should think about whether you really need to borrow that loan. Do you really need to buy this product? Can not buy a cheaper product or save for a few months and buy ready? Always think that when applying for a personal payday loan you are anticipating future consumption so you will have to pay back the money with an interest increase.
Beware Of Facilities Offered
Be careful with advertising campaigns that promise worlds and backgrounds. Ads that promise numerous facilities, extended payment terms and premiums. It is always remembered that what matters in a credit is not the monthly installment but rather the total value of the charges throughout the contract.
Do not Make Too Many Credits
We meet people with 7 or more credits. Credits often contracted to pay installments of other credits (we do not just talk about consolidated credit, a solution we think might be very interesting for regulated people). If you have to take out a loan to pay other loans, you know that you are in a situation of over-indebtedness and entering into a spiral of over-indebtedness . Therefore, we recommend that you contact us quickly to contain any damages that may arise from this situation!
Do a Careful Credit Analysis
The last step before you commit to credit involves careful consideration of your financial situation, your family budget, and your effort rate. Never forget to take into account the fact that your budget should accommodate any interest rate hikes and their impact on the monthly repayment of your loans.
In your relationship with financial institutions, all care is little. When we talk about money we should treat it with tweezers because the decisions we make have consequences for several years. If you have any questions do not hesitate to leave your comments here or use the Cheapest Personal Credit Simulator.