The financial adviser, Patricia Planells, offered a series of tips to lower the balance of your credit cards little by little.
He indicated that the economy is reactivating, but it is necessary to take advantage of it to order the finances.
“When you have many credit cards, you have to lower them little by little, this is not a race of speed but of resistance”, he said.
He recommended that people initially know their interest rate on the cards. “There are credit cards that charge up to 24% interest rates and those are the cards that you have to choose to go down because they are killing you in interest payments,” she sentenced.
The expert does not recommend paying the cards in full and canceling them, so she revealed that there is an option that many people do not know, and that is to transform the balance of your card into a medium-term personal loan.
“There are banks that are offering up to nine years of terms. That allows you to lower the interest rate to less than half and that you order yourself, and you have a letter that little by little you are paying the card, “said Planells.
Sending Data…
