To make an investment, getting a loan is the most viable option for those who do not have much money saved. The more advantageous the interest rate, the greater the chance that the customer will proceed with the credit operation. In this sense, payroll loans can be an option of lower rates and longer repayment terms.
However, if you are unable to continue paying the installments you can negotiate your debt and get discounts or lower rates.
Therefore, we have separated some tips on how you can negotiate your payroll loan debt. Know more!
What is payroll loan?
Acquiring a payroll loan means getting a credit in which the repayment installments will be automatically deducted from the contractor’s account. It is a good option for those who need short-term money with relatively low interest rates.
Anyway, in order for you to negotiate your payroll loan you need to follow some tips. Check out:
Define how much you can afford
Firstly, you need to know how much you can pay per installment because the bank will tell you an amount to pay to repay your loan.
However, you must not forget that you have to pay basic bills, such as for your survival, such as housing and food bills. So that the loan negotiation installments do not get high.
Also, you can apply for credit portability and transfer your loan to another bank that offers a lower interest rate.
To do this, you need to have the discharge slip in hand and take it to the bank that wants to make the transfer. This will make the purchase of debt and release the loan with new conditions and terms.
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