Besides the negativation in the organs of protection to the credit, being delinquent in the market can generate unpleasant consequence and that affect their daily life.
However, for those who are in this situation and wish to have their name regularized in the market again, payday loan can be a great option. In addition, it has reduced interest rates, if compared to other personal credit modalities.
Generates several unpleasant consequences
The survey also points out that banks and credit cards lead the ranking of defaults in the country. And then we can highlight the utilities sector with electricity, gas and water bills.
It is known that having restrictions in the name generates several unpleasant consequences. Therefore, apart from the constraint with inconvenient charges, having a restricted CPF in the market may prevent the borrower from opening a checking account, renting a property or even making a purchase on time.
However, to settle default, payday loan is a form of loan that can help you to pay off debts. In addition, the conditions for hiring and the payment deadlines offer exclusive advantages even for those who are negative. That is, interest rates are up to 6 times lower, compared to overdrafts, which are around 300% a year, for example.
The Payroll Loan and the Delinquency
Payroll loan is a personal credit modality that offers differentiated advantages, besides being directed to a specific public. That is, they can request it public servants, retirees and pensioners.
The differential of the payroll loan is that the value of the installments is deducted directly from the monthly income of the borrower. With this, delays are avoided in the payment of the invoice and the banks count on greater guarantee that the loan will be removed.
Check below what are the main advantages of applying for payroll loan and how it can be a good option to help you regularize your name in the market.Financial institutions have the flexibility to apply more attractive interest rates on the payroll loan. Since installments are automatically debited from the borrower’s monthly income, banks offer lower interest rates. This happens because they will be less exposed to the policyholder’s risk not to pay off the full amount of the debt.
In addition to interest rates being regulated by the Central Bank, they revolve around 2.10% per month and are pre-set at the time of hiring. With this, you know the amount you will pay for the loan from the beginning to the end of your contract. No surprises!
The assignable margin is stipulated by law and establishes what will be the maximum amount of the monthly income of the borrower that can be directed to the payment of the payroll loan. Thus, in order to avoid over-indebtedness of the applicant, the margin is limited to up to 30% of his salary.
The assignable margin also prevents the borrower from requesting an amount of credit that he does not have the resources to remove later. In addition, it ensures that there is a minimum amount to pay for basic expenses such as food, water and electricity.