Some simple rules to follow for not having problems

 

 

The families again returned to apply for loans, so as to meet various needs. From the purchase of a new car to the renovation of the house, passing through some purchases on the technological front, to be counted as whims. Statistics are almost back to the pre-crisis period, according to Crif data. If you go back to 2006, the demand for loans grew by 7.4%, with 2015 closing with an increase of 5.9%.

Loan grants by bank

Loan grants by bank

The figures are also greatly influenced by the greater availability shown by banks to grant loans after the US bubble. Indeed, we have returned to look at this sector with some confidence, also because, unlike the USA, in Europe it has always been avoided to give money to those who were lacking in offering guarantees. Many banks, in order to attract new customers, have also devised special formulas, such as the one that provides for a discount on the rate to anyone who hurries to present the practices within a certain period. The risk, however, of taking a step too long is around the corner. The bitter crisis experienced and not yet completely behind has sent thousands of families into bankruptcy, with an enormous accumulation of changing debts and installments, with rising rates.

Precisely for this reason, useful tools have been created to make consumers’ lives much easier. There are now sites of comparators that can help so many. In this section of Qualeconviene.it, for example, you can find a lot of useful information on the subject of loans. Another novelty may be that of the app controlled on your smartphone. The name to be included in the search bar of the virtual store is ‘Ratatua’, which allows you to enter personal data and create a unique financial situation card. It will then automatically simulate financing requests. In this way, according to the rates of the moment, the risk of an over-indebtedness will be evaluated. As mentioned, the app is completely free, having been created by the Cittadini Defense Movement, which offers its users the necessary means to avoid being in trouble too burdensome to go out alone. In general, however, especially the younger ones find themselves with little knowledge in certain fields. This is only a first step towards proper financial education.

Characteristics of loans

Characteristics of loans

In this way it will be much easier to assess whether or not further commitments can be made on the expenditure front. Advancing in such an environment in a conscious and sustainable way can make the difference. One false step and you find yourself full of debts or with out of credit. What needs to be done is to answer questions about monthly income, to then highlight any further entry compared to the main salary. At this point the amount of installments already paid will be entered, as well as the characteristics of any loans that you intend to subscribe. All data is protected and will not be disclosed. Everything will be visible only on your device. Once you have entered each answer to the questions asked, you will come to a traffic light. This will be green if it is recommended to continue, red if it is emphasized instead how to request a new loan could be economically lethal.

Relying on this application can give useful advice, clearly showing what it would be wise to do. Some steps are delicate but, beyond the new technological experiments, the golden rule remains the same, that is to compare as many offers of financing as possible. Only having all the proposals at hand, a decision can be made, even before looking at the green or red light on ‘Ratatua’.

 

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