Do you want to redecorate your accommodation, go on a trip, or simply finance your leisure activities? Despite popular belief, revolving credit can be the right solution for your projects. Discover the 4 reasons to take out a revolving credit. The story is on http://totalrevue.com/index.php/2019/01/09/learn-about-guaranteed-online-payday-loans-often-for-bad-credit/

1. Have a permanent reserve of money

1. Have a permanent reserve of money

Called revolving credit or permanent credit, revolving credit is the provision to the lender of a sum of money that he can use in fractions or in one go. It is a credit available at any time. You can request a total or partial release of the amount made available by your bank in order to fund the account linked to the credit.

2. Very easy to use

2. Very easy to use

The advantage of revolving credit is that it doesn’t cost you anything until you use it. In addition, no application fees are applied to the subscription. You finance non-predefined purchases, without even having to justify them. You take out a consumer loan according to your income and your ability to commit to it, you therefore do not expose yourself to any risk, but it happens that in the event of a personal incident (divorce, loss of employment, etc..), you’re in trouble. Revolving credit protects you from hard times by offering you temporary deferrals of your repayments.

3. A way to avoid overdrafts

3. A way to avoid overdrafts

Do not neglect the cost of the agios that are billed to you in case of overdraft! Revolving credit can be an alternative: you only pay what you owe ! You are only liable for interest on the sums actually used. If taking out this type of consumer credit allows you to cope with the unexpected, it is also a guarantee of security. Provided, however, that the amount borrowed does not exceed your repayment capacity. Be careful not to exceed the maximum debt of 33%, usually recommended by your banking establishment.

4. A tool to spread payments

4. A tool to spread payments

A maximum applicable interest rate, called the usury rate, has been put in place by the State in order to protect the consumer. So you spread your payments, without risking interest rates out of touch with reality. You can smooth out unexpected expenses (auto repair, replacement of household appliances, etc.) without having them impact your usual budget. Revolving credit is a one-year renewable contract. Be aware, however, that not all consumer credits are created equal. Each organization applies its own contractual conditions. Comparing them well is therefore essential before you commit.

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