Tips and uses of credit according to needs

There are different types of credit, and the options vary with respect to the term of the credit, the financial institution and the purpose of the credit.

Having access and knowing how to use a loan is essential for daily life. You probably already use a credit, either through a card or a loan.

Learning about this powerful tool allows you to use it and gain in quality of life. Credit, in the best possible conditions, can be the way to reach your goals or it can be of great help in difficult times or in case of an unforeseen event. Well used credit can make a dream come true that seemed unattainable.

We present some types of credit that exist in the market:

 

Payroll Credits

Payroll Credits

All you need is to have your salary deposited in a bank account and through it you get monthly or biweekly discounts. They have the advantage that they do not charge you excessive commissions because there is no way that you miss the payment date, because the discount is made automatically. For these types of credits, the requirements are lower.

 

Credit cards

Credit cards

They are useful for short-term acquisitions. The main advantage of a credit card is the temporality, since it allows you to have money that you do not have at the moment but that you will receive in the immediate future.

 

Departmental cards

Departmental cards

They are another variant of the credit card, with the difference that they are offered by stores or stores and can only be used for purchases in their establishments. Before requesting a card, always check the Total Annual Cost, annuity, commissions, promotions and benefits, as well as all the terms and conditions.

 

Personal loans

Personal loans

They are characterized by being open credits that are not anchored to a specific purpose. This means that when you request it you should not explain what you will use it and you can also fragment it into different objectives. Make sure that when you request it, it is with a serious company and check the stipulations of your contract before signing. Also prepare your budget and verify your ability to pay.

 

Specific credits

Specific credits

Many institutions offer specialized financing, for example, mortgage, education and automotive, among others. This means that the amount offered to you can only be used for one purpose and you should be able to verify that you used it for that purpose. The advantage of these credits is precisely their specialization, since the amounts and payment plans are designed according to the objective.

 

ABCD Loan

money loan

ABCD Loan (Acquisition of Durable Consumer Goods). The usefulness of this loan is related to the acquisition of goods that have a commercial value and a specific useful life, such as cars, computer equipment, appliances, furniture and equipment. They are granted to complement the missing one to acquire them, that is, the accredited must provide a percentage of the total cost and the bank lends the remaining. These assets can sometimes serve as collateral for the loan.

 

In Gabby Weeks we offer payroll credit, for which you do not need guarantee or guarantee, in addition to that you can use it to cover any unforeseen or give yourself the pleasure you want.

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