The debts are a common problem in households today. At the end of the crisis, unemployment and falling wages have taken a toll on virtually every way. But sometimes one’s debts are what make us more into debt. Let me explain better. Did you ever tried a debt of credit card has become eternal and you’ve paid more than expected for the lack of liquidity? Precisely what I mean and that we will discuss in our article today with a few tricks to pay less for your debts.
Sometimes, in making ends meet, we have discussed the possibility of saving money in the use of credit card , or we have given advice to pay less when you resort to banks. On this occasion, no matter what type of debt is concerned, the tricks that follow will serve you in all cases. Do you dare to take a look and find out if you can actually use them to improve your housekeeping?
How to pay less for the debts?
There are several ways you can deal with the entity to which you owe money to the debt that will not rise to infinity. Below we have listed the most important and explained how they work. They are: grace period, extension of loan, negotiate with the bank, changing bank and reunify debts.
The grace period is a feature included on some loans and allows getting to be a certain time without paying any principal that has been requested. However, the most common is that they require the payment of interest on the loan during that time. Still, it’s a time that quotas will be minimal, and can be ideal for improving the economy.
If you intend to extend a loan, you can go to the bank to renegotiate. In this case, you may find an increase of the initial capital that you had requested, or conversely, that the proposed entity will open a new line by one point with active promotion. It’s just a matter of seeing what suits you best.
Banks, even if we think that, there are always open to negotiate. However, almost never resorts to this argument because they think they will tell us that not as a rule. You may be surprised how many banks have given a realistic customer requests. They do not want to lose, and if they are going to lose everything, at least sometimes, are willing to place new conditions on the table.
Another option that may shuffle to pay less for your debts is to change your bank. The institutions offer many new customers who bring their products from others that the old conditions best banks. Although my point of view this is illogical, because it actually costs more to a new customer than keep it, the way things are in the current market, and with this option is you can go ahead.
If you have multiple loans or credits and the problem is that you are not able to afford them all could apply for a reunification of the debt to fit your needs and current income. It is true that this means you’ll have to pay the loan for years, but it is also true that you will get a better monthly fee, which is precisely what worries you most now.
However, to avoid paying more in debt , it is best to avoid, insofar as possible, borrow. It is true that in the times in which we always very fair at the end of the month is not easy. But it is also true that you can do many things planned household spending and taking a closer look at the expenses that we follow. Some applications can help you in this task.
Did you know any of these? Do you usually have trouble paying more with your debts? Let us know what do you think!