Ana requested a loan from the bank and after a few months she realized that the budget was not enough to pay the monthly fee. He has barely been able to cover it, but he is sure that he will not be able to do it this month.
He has thought about requesting a free investment loan to pay the first one and thus no longer be late
free investment loan to pay the first one and thus no longer be late” />
Ana’s story is repeated day by day for many families who did not calculate their budgets well and now, after spending the loan money, they have to work wonders to pay it. And although asking for a loan to pay another one sounds good, in reality what it is entering is the carousel tactic.
Where he asks for a loan
That’s right, he continues in a vicious circle where he asks for a loan to “patch” another, before falling behind in many installments. But how does it really get out of debt? The only way in which this strategy is positive is if the new loan you are requesting is granted with interest rates lower than the previous credit. But, even so, it would not be advisable to request another loan, but to request a purchase of debt from the bank, either the bank with which you normally work as another, what matters is that it offers you good conditions.
Purchase of debt or with the new credit
So, if you proceed with the purchase of debt or with the new credit, the ideal is that the installments are comfortable enough so that you can assume them table by month without being late. Before requesting any of those, better first compare your options , so you will avoid regrets from the first moment.