Resorting to credit implies some caution, even more so in an unfavorable economic scenario. The Positive Balance explains what you should take into account.
Share the post “Are you going to take out a personal loan? Know what precautions you should take”
Taking out a personal loan can be a way to carry out a project, make a dream come true or respond to an immediate need in terms of health or home works.
However, and given that it is a decision with medium-term financial implications, you should consider whether it is really the best option. Even more so at a time when interest rates rise and installments increase.
Before taking that step, there are questions to ask yourself. For example, is this credit really necessary? And what impact will it have on my family budget?
Comparing several proposals before choosing and not hiding information about your financial situation are aspects to take into account when taking out a personal loan.
If you are considering taking on this financial commitment, be sure to read the Positive Balance articlewhere you will find all the tips so you can do it safely and responsibly.
Learn more about other contents of Saldo Positivo.
THE Positive Balance is Caixa Geral de Depósitos’ financial literacy website and aims to make life easier for the Portuguese with regard to money management with the regular publication of articles, news, guides and infographics.
