We all know the credit agreements called cash reserves distributed by banks and financial institutions.
Also known as revolving credit and whose name revolving credit or permanent credit has been prohibited by law, it is also distributed by merchants partners of lending institutions, and major retailers with their own financial service like Fivestoke Bank by example.
Can revolving credit replace bank overdraft?
Although your banker can offer you to open a revolving credit for the purpose of digging into the reserve when the authorized bank overdraft is insufficient, the approach is not appropriate to solve the problem of the end of difficult months!
As a result, it is not necessary to explain that subscribing to a revolving credit of one’s initiative in order to compensate for a lack of resources is completely useless, and even on the contrary, it degrades as and when the sums of money borrowed, the right balance of managing your budget.
Revolving credit, easy credit!
It is strong to note through the customer relationship during studies of repurchase of consumer credit or mortgage repurchase, that apparently no in-depth study of the financial situation of the applicant(s) is established upstream of a grant to borrowers.
in fact, the credit institution is not in a position to decide on the repayment capacity of the applicant(s). This can lead to serious financial management problems if the debt ratio of the borrower(s) is already excessive.
Beware of the loyalty cards offered by major retailers who can hide a reserve of money associated with the credit card.
Too much revolving credit? The solution to the repurchase of credit!
Whether you are a tenant or owner of your home, if you find yourself in a delicate situation of too much revolving credit to repay to several creditors, and multiple monthly payments significantly stifle your monthly purchasing power, then the solution is the redemption revolving credit.
Consolidate all your cash reserves into a single loan through the consolidation of consumer credit, and manage a single monthly payment from a single creditor to ease the management of bank accounts.