“Debts of the card”, says the legend that who do not have will still have, the legend is actually seems to be true, but we can not fail to report that there are two types of debts in the card , those that are paid at the end of the invoice and the which are almost paid. It’s amazing with defaulters and credit cards can not maintain a long or lasting friendship, why will it?
We have spoken here on the loan website and believe that credit cards can be a wonderful financial tool if used properly, but the opposite, if not used will turn into a mountain of debt or financial hurts almost incurable. The most interesting of the credit cards are the facilities, convenience and security in the viabilization of the immediate buying power, is incomparable, perhaps for this reason many people become slaves of it. Buying with credit without having money is a very risky maneuver, most often takes the consumer to stages of indebtedness beyond expectations.
Particularly I consider credit card debt to be good, I buy everything I need without money, I pay later with up to forty-five days of term, I pay for interest-free purchases, but it has a detail, I pay the invoice always on the day it wins , in addition, I accumulate thousands of points to exchange for prizes or trips.
Brazilians are spending a lot of money on credit without having it in the wallet, the worst is that “we are learning to live with virtual money but we are not learning to make payments in real ” (R $). This bad habit of using credit cards indiscriminately and spending money that we do not have to buy things we want, it seems like a viral illness increases with each passing year, out of every 100 delinquent people, 38 have debts with card invoices.
If you are one of the millions of Brazilians with debt due on the card or are dragging to pay the revolving credit, the first step is to understand how the credit card debt has arrived where it is, the second step is to take steps to eliminate these debts without damage your credit and third, arrange healthy ways to pay the card without further compromising your income.
SPC Brazil and CNDL Research
According to a survey conducted by SPC Brazil (Credit Protection Service) and CNDL (National Confederation of Shopkeepers), 38% of defaulting consumers have credit card bills in arrears, of this 38%, 24% are in trouble with the ” revolving credit “.
Credit Card Spin
The revolving credit is the payment of the minimum or partial amount of the invoice of a credit card. It is a kind of installment of debt, and the difference that is debited, is charged on the next invoice plus interest, late fees and financing charges with the IOF. The revolving credit rates is one of the highest in the financial market, it is usually charged from 5.9% to 17% with an average of 14% interest on the remaining balance. Usually the cardholder does not even realize how much he is paying on the revolving credit, which is actually a predatory loan or loan.
Use or not to use a card
When using the credit card, the consumer should understand how the credit system works, let’s look at the example: if the consumer citizen earns about R $ 980.00 per month, he has a credit limit card of R $ 2,500, as it is possible to pay an invoice with 50% of the credit available on the card that is R $ 1,250, that is, R $ 270,00 reais more than it earns per month of salary. In this case the citizen will certainly enter the revolving credit for obvious reasons.
“The big problem with getting card revolving credit is to have to pay the high interest rates, the fines and late fees applied on the next bills,” so think carefully before making a slip when using your card before nothing else, do the math to see if you can pay or the debt will roll .