Anyone who has or has had a dirty name knows how difficult it is to obtain credit in the market. This is because banks and finance companies refuse to grant values to those who are in this situation, as they understand that the borrower is not a good payer.
But not everything is lost! There are options besides personal loans to obtain money, even if it is negative, mainly for salaried individuals.
Citizens who count on their monthly salary can opt for the payroll loan . This method relies on payment automatically, from the employee’s payroll, even before the money falls into your bank account. Thus, the financial institution has the guarantee that the debt will be paid off, without default.
The payroll loan is intended for public or private employees, retirees and INSS pensioners. For this modality, there is a limit of up to 35% of the borrower’s salary or benefit, of which 5% can only be used on the payroll credit card.
Property secured loan
Another option is the secured home loan that has interest rates well below the financial market. For that, it is necessary to leave a property as guarantee for the payment of the debt. The property can be residential or commercial, as long as it is paid off and in the name of the borrower.
It is possible to contract a credit of up to 60% of the property value and have a payment term for more than 10 years.
Despite the advantages, the installments must be paid correctly. After all, the delay in payment of the installments can cause the financial institution to take the good of the owner through the chattel mortgage.
Contrary to popular belief, it is possible to apply for a personal loan if you are negative. Despite this, the interest rate is generally higher to offset the risk that the institution is taking.
Ideal for those who need quick cash, since it does not require proof of income or credit analysis, the pledge loan is available for negatives.
For this, it is necessary for the applicant to leave a valuable object, such as jewelry, to ensure that the debt will be paid. With that, it is possible to obtain up to 85% of the asset’s value in cash. Interest is considerably low and hardly exceeds 2%, but it can vary according to the payment term chosen.
As with the secured loan, if the debt is not paid, the pledged asset is taken.