Financial Habits That Help You Borrow a Loan Faster

There are times when we need a faster loan.. The uncertainty is cruel! What life can give us in the future is a very uncertain thing. We may need a huge amount of money to buy a home or finance a car, or we may also have to pay unexpected medical expenses in an emergency. Thinking about it, being always ready to get a loan without bureaucracy is a matter of how healthy your financial life is, your credit score and your credit history.

How to take out loan faster?

The financial health of a person in general shows with it manages the money that passes in their hands and how it directs the resources. Having a good credit score, score and history without restriction depends on responsible and disciplined financial habits.

Obviously there are several factors and circumstances that can lead a person to bankruptcy, bankruptcy or financial chaos. In Brazil, for example, the economic situation led thousands of citizens to have their names registered at Credit Protector, so that they would not find a new place in the labor market. If you want to get a better idea on how to stay financially stable, below are 5 habits to help you improve your chances of taking out a loan faster.

Credit Score

 

Credit Score

 

You may be wondering how to know if your current finances habits are bearing fruit or not! Well, we take it into account and we think it important that every citizen maintains a credit score above 700 points. The credit score ranges from 0 to 1000 here in Brazil, so the higher your score, the better your financial stability. A score over 750 is considered an ideal score. 

Payment of bills without delay

To start with, spending less and making timely payment of everyday costs and public (light, water, telephone, gas, etc.) and everyday expenses is a good and simple way to start improving financial health. Every month, it is sure to get a mountain of accounts payable and, but once paid at maturity, will help avoid fines, additional interest and name denied.

In addition, it will help in the effective management of your finances and keep your finances in order, not to mention that it helps to increase your credit score and increase your score.

Credit Card Payment

Credit Card Payment

A credit card is another way to ensure increased credit scores. For a purchase that needs a lot of money a personal loan is the best solution, however, for small purchases and payments of bills from time to time, the use of credit card is the most indicated.

To begin with, you have the rewards as an added bonus. Once, the credit card statement is issued, pay it at maturity, this is a great sustainable way to keep your financial health balanced. As a general rule, do not spend more than 30% to 50% of the credit limit of your card, otherwise it can be very difficult to pay the full amount of invoices on time without suffering with the addition of more interest rates.

Search for your new lender

Search for your new lender

In addition to the above mentioned measures to use the card, have a good credit score and keep the name without restriction, ie, clean name in the square, it is also crucial that before applying for a personal loan or financing, research and compare in at least 3 or 5 different creditors. Compare your credit offers, interest rates, payment options, any additional charges, taxes and insurance.

Number of personal loans

Number of personal loans

It can happen that you keep a good score and credit score, have no blemishes on your credit history, and so decide to take out several loans. Amazing, but after so many efforts, some people can get carried away by consumption or other circumstances and ask for various loans and eventually overcharge their income and finances because of lack of money.

Therefore, patience is also an important factor in such cases.

Borrow money only when it is absolutely necessary to have to borrow a loan as soon as possible. Also, when you have a loan in progress, make sure your finances hold out for one more payment at a cost.

Give back the installments of your loans on time, this is also a concrete way to get other larger loans when you need them in the future, otherwise the name may become negative and depending on the loan, goods can be taken and auctioned.

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