this debts They are payment commitments acquired when people need to borrow money for different purposes, and they normally go to banks or a friend or family member.
However, financial experts from credit repair company Solve Your Debt There are two main reasons why many have to borrow money. The first is when they apply for a loan to meet their obligations or have something to cover for an emergency, and the second is to indulge themselves, overuse the credit card or waste savings, regardless of the consequences.
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Based on this, although having a completely debt-free life can be a bit of a challenge, the experts of this ‘fintech’ point out three things that should not be borrowed.
They explain that going on vacation with debt is not accepted because as such it is characterized by depreciation over time, but will have to be paid in several installments, and a consumption obligation is earned there. no money is required to liquidate from one moment to the next.
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The second thing you should never borrow money from, whether it’s a car, a house, or something that’s beyond solvency, i.e. if it can’t be paid off but leaves a big enough gap, indulge yourself. to drown out personal finances.
The third is to invest without knowing the subject, because in order to be successful in investing, you need to know about exchange rates, ups and downs, otherwise it can be classified as unnecessary or luxury spending. casualties..
In addition to the things you shouldn’t borrow, in Solve Your Debt they highlight 5 key steps to keep your financial peace of mind:
According to Dissolve Your Debt, these steps help to clarify under what condition and for what reason a loan will be taken, as well as help to know the consequences of not complying with payment agreements because going into debt means some complications for development. personal finances as they suffer from negative reports, embargoes and other confusion
Source: Exame
