Today, ask for a loan has become an almost indispensable step for people or companies that want to start build your heritage.
(Credit cards: recommendations for the debts you have).
However, for this decision, several aspects must be evaluated so that it does not turn out to be counterproductive for personal finances, and, even more so, if the debt is to be acquired in dollars.
So here we present three tips that must be taken into account to manage debt in dollars responsibly, according to Credicorp Capital.
(Increase the minimum 25%? Effects that such an increase would generate).
1. Planning and anticipation: the key to not drowning in debt
Be aware of debts that you have so far. If it is easier, write them down and organize them taking into account factors such as due dates, amounts to be paid and type of currency.
Likewise, organize your budget How much income do you have month to month? What are the essential expenses and how many expenses do they translate into? Do you have any additional monetary commitment?
And don’t wait until the last minute to generate the necessary resources to pay off debts. A good way to do this is to try to exceed the amount you must pay in each installment.
2. Do not do everything at once, keep a cool head
Make decisions with a cool head, paying all your debts in dollars in one day is not necessarily the best option.
(The sectors in which most companies have been created in Colombia in 2022).
Do not acquire new credits to buy things that can wait, as it can generate an over-indebtedness that will end up drowning your finances.
In addition, it is recommended to try not to request more loans to carry out the debt that you have already acquired, it is best to rely on monthly income.
3. You don’t have to know everything
This means that borrowing and payment decisions can often overwhelm you, so if that’s the case for you, check with an expert.
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