Important Recommendations for Requesting Loans: Reviewing Previous Debts and Making Informed Decisions

• First of all, previous debts must be reviewed

Due to the purchase of supplies and uniforms, as well as registration payment for the next school year, families could go to request loansfor which it is important that they take into account some recommendations.

According to the legal representative of Barzón Resistencia Civil Veracruz, Teresa CarbajalIn the first place, previous debts must be reviewed, that is, “how much do you owe today and what urgent or pending payments do you have for these dates”.

And it is that, if you do not know what you should, it’s hard to make good decisionsbecause the past will accumulate with the new, he stressed.

“If that happens to us, the scenario will be complicated, because in the absence of full payment, only the minimum will be paid And that’s death for any economy.”

they would have to settle these past accounts, to start clean, from scratch.

“So it will be possible take out a new loan with less pressure, before adding, you have to eliminate debts, extra money that falls to us, directly to the debt, that will avoid paying more in interest”.

TIPS

Another recommendation is analyze which option is the one better suits us“invest time in analyzing with which product, bank or option we are going to pay less.

“Don’t be carried away by going with the first one that comes your way, much less if it’s wonderful at first glance. Invest time in choosing the best option, it will save us money and a lot of scares”.

It is also important to ask for the written contractscheck that the advertising matches what they offer us, highlighted the legal representative of Barzón Resistencia Civil Veracruz.

Finally, Teresa Carbajal called to be “distrustful”.

“Please, today more than ever, learn to be suspicious, don’t believe everything they tell you, do not sign to signask to know the fine print.”