Many people live scared of the credit world, when the reality is that there is nothing to fear. If you take the appropriate steps and fulfill your obligations, the credit will be a help rather than a nuisance.
However, there are situations in which choosing to borrow money is not the right thing to do
Sometimes, the best thing you can do is say no to that desire to give yourself a taste or to the trip that you still don’t make. Do you know how to recognize when a credit is more an evil than a good?
1. When you don’t know what a credit implies:
If you are not sure that a loan is not an additional or an extension of your salary, but a money that you borrow and that you will have to pay back, you better not ask for it. Be sure to be clear that it is a RESPONSIBILITY that you must meet every month.
2. When you already have another credit:
Evaluate your level of debts and if this exceeds the advice, better think twice. What if you first cancel some debts and then opt for the credit you want? Set priorities.
3. When you have not compared the options:
If you are about to apply for a loan with any bank without first comparing interest rates and conditions, you better stop to think about it. Not seeing what others offer you sometimes makes you choose the wrong option. Compare the alternatives and after seeing them, choose the one that suits you.
Credit is good, as long as we understand what it means and follow the steps necessary to make it the best alternative.