Law Advices and Legal Tips

Credit cards and generated mixed feelings in some people.
Some plastic cardholders consider this very useful in their daily lives, while others it just by listening to them goose bumps.

Where is the difference? In the form of use. The most important thing is to have responsibility for credit and only buy what you can pay your court date, thereby avoiding interest charges.
It involves generating a debt settlement penalty interest and collection costs, not to deal with the stress of not meeting financial commitments and earn “taches” in the credit bureau.

Therefore, I will discuss some recommendations for the use of commercial credit cards, ie those issued by shops and only allow the purchase in the same establishments, which also apply to plastic bank.
Recommendations:
1 • The credit is not an extension of salary. It is a tool to purchase goods or services above your salary and / or savings. Housing is an example worth much money and only with a mortgage can be acquired.

2 • Shopping “for days without interest.” If the total liquid purchases at the date indicated on your statement, you have obtained financing without interest.

3 • Do not exceed the capacity of enedeudamiento. Only buy what you can pay to avoid interest. In fact, if the debts exceed 30% of monthly income should be taken to reduce the percentage.

4 • Compare Total Annual Cost (CAT). This percentage is as the “price” of loans, so that comparison can make decisions on behalf of his pocket.

Remember that credit is not bad in itself, depends on what is given. With it you buy a home that otherwise would be impossible, but you can spend years paying off the credit card if you cover only the minimum.