When it comes to Christmas, many times, the credit card is the trump card to get out of financial troubles and make gifts for children, family or closest friends. However, in how many installments do I have to go into debt with my credit card in order not to be in Infocorp? The specialist, Jorge Gonzáles Izquierdo, offers recommendations to avoid reaching this state.
Most consumers choose to pay in 12, 24 and up to 36 installments to pay small monthly amounts so as not to be financially adjusted and “shuffling at each end of the month.”
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Talk to the specialist
For the economist and former Minister of Labour, Jorge González Izquierdo, debt for consumption purposes is a “mistake”, as it leads the worker to pay high interest.
“I would advise not to get into debt, but if you really have to proceed, even if with the least number of installments. If you ask for 24 or 36 installments, in the end you will pay more than 200 soles for a loan of 100 soles”, emphasized the economist Gonzáles Izquierdo.
So we are already warned. If you’re going to take out a loan, do it, but with the least amount of installments, to pay the least interest.
Career of Jorge Gonzáles Izquierdo
. He is principal professor of the Academic Department of Economics and of the Graduate School of the Universidad del Pacífico. He holds a Masters in Economics from the University of Chicago (USA), a Masters in Economics from the Catholic University of Chile and a BA in Economics from the Universidad del Pacífico.
. His main areas of interest are related to the Peruvian economy, finance for small business owners and development strategies.
. You have teaching experience at the undergraduate and postgraduate level as head of courses in Economics, Economic Policy, Macroeconomics and Monetary Theory.
. He was Minister of Labor and Social Promotion, and author of several books in the areas of his specialization.
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