In the school of life you have learned many things, but surely something that is difficult for you to understand is how the credits work, how they can benefit you and what your participation in the credit structure is.
And there are many ways to get money: work, save to invest and have a source of extra income.
However, part of knowing how to handle personal finances has to do with learning to use credits wisely. Yes! It sounds complicated, but in reality, it is not.
What happens is that sometimes people think that talking about loans is only for big investors and million-dollar companies. But it is not like that, because in the anatomy of the credits you also participate.
In this text, you will find information on the anatomy of credit. Knowing it will teach you how to handle credits of your size in an intelligent and well-thought way. You will see that it is nothing special and you will know what to do when you get a loan
1.-The head in the structure is you
We go in parts, to begin to understand the anatomy of credit, you must understand that a credit is not only composed of the financial institution that is responsible for granting the loan. You are also part of that structure.
Why? You will .. You work as the head because you are the one who ultimately makes the decision that best suits your interests and needs. Clear! once you did your research assignment and you could compare.
Before deciding, you should have done a good analysis of the investment you are going to make.
When you do, do it with a cool head and sure that this decision was well reasoned.
2.-The interests are the eyes
Interest is a percentage of the money that you lend for units of time in months or days.
How does it work? It is in this topic that you should focus all your attention and review very well and detail, otherwise, when the deadline expires, you will end up paying much more than planned and that is not the idea.
On many occasions, you will find that interest can be low but high commissions. Hence the importance of paying attention to detail.
You will find that some of the financial institutions will offer you lower interest since the discount form is different and there is greater security in the payment.
This is the best option, so lean towards these types of credits.
3.-Discount is the mouth
When you take out a loan, many of the credit grantors will probably offer you some type of insurance apart from the loan you are requesting.
By doing so, they offset some of the low-interest offers, in fact, this can now be achieved through the payroll discount.
In this way, you do not have to buy too many policies and you make sure to pay the installments.
4.-The deadlines are the hands
The term is the time established in which you will pay a loan, you will find that there are short and medium terms.
Remember that the credits should not be long-term but quite the opposite. It is recommended that you hire those who do not handle periods longer than 5 years, or that you can discount with one hand.
Deadlines that are more than 60 monthly payments could become a headache and your finances can get very hit. Better choose another option.
5.-The institution has the ears
The financial institution that is going to lend you the money has the ears, this is because it is she who will listen to you and respond in the contract.
The financial institution you approached to request the loan is who should have those functions.
It’s not just about giving you the money and a blessing. It has to be much more than just that.
The granting company must generate empathy with you and offer you what you are looking for and for what you approached it. That is one of the main goals of these companies.
6.-The heart is the goal
It is the vital part and what makes the whole system work. The goal is the first thing you should put to work.
The objective is the reason why you are asking for a payday loan no credit check, as some goal that you need to fulfill- paydaynow.net said.
You must land what you want to achieve with that loan and once you have it clear, investigate everything you need to know to get your loan and thus start.
As you can see, you are also part of the credit anatomy and you participate more than you think. Without you, there would be no head.
Learning about credit helps you make better decisions before acquiring one.
When you participate in the credit activity you initiate a history that can be consulted in the credit bureau and if your behavior is good: you pay on time, liquid the debts and do not delay, the financial institutions can continue trusting in you.
Hence the importance of having a good use of credits, learn to control your expenses so that it is not necessary to use the credits in things that do not generate value.
A good way to use the credits is when you go to buy a house, buy a car, invest in a business or to leave an emergency.
How about? The truth that has its advantages to know about credits.
You know, understanding finances and how credits work can be extremely easy.