The credit It was already a financing widely used by people in previous years. However, it lost strength due to the ease of obtaining credit cards and services nowadays.

However, many people consider this type of credit as an attractive option for obtaining goods and services of various types and in various establishments.

This is because many stores and banks still practice this financing. Whether guaranteed, owned or financed. But don't worry, we'll talk about this in the next topics.

Ultimately, regardless of the type of credit service you want to choose, it is essential to analyze all the options to know if it is really worth requesting and not falling into traps.

So, come and learn more about credit and all the details about how it works in practice!

As the name suggests, credit is a financing service for various goods and services. Through it, the person carries out the credit analysis to be approved during the request. If approved, you will pay the installments of the financing you took out.

In other words, it is very similar to a loan, but we do not request cash amounts, but rather different goods and services. Also remember that the installments are fixed. In other words, when we complete our credit plan, we have all the details of the amounts we will pay and the fees that will be added to these installments.

One of the advantages that this type of financing offers to applicants is the possibility of paying in multiple installments.

In this way, people who are unable to purchase a good or service with payment in cash can pay in installments.

Furthermore, there are some companies and establishments that offer online financing to make it easier and more convenient for customers.

As we can see in the previous topic, the number of installments we have at our disposal is generally quite high. However, this is not entirely a positive point.

In other words, the high number of installments causes a very high rate of indebtedness on the part of customers who request credit.

Furthermore, the interest rates charged on installments are high. While credit cards, for example, often pay for your purchases interest-free.

The guaranteed credit modality occurs when the store abdicates a series of responsibilities and transfers all of this to a specific administrator.

In this sense, the administrator will manage the entire process of releasing the requested credit and also the issue of payments and collections from defaulters.

Almost the opposite of guaranteed. Therefore, in this case, the store takes all the risks in relation to non-payment of the requested amounts.

In other words, she is responsible for all procedures for releasing and collecting the installments stipulated by both parties. Therefore, the entire procedure on the part of the applicant is also carried out in the store.

The financing is much safer for the store, in which it obtains the capital from an institution that will receive payment of the installments directly from the applicant.

First we must understand that there are some places that offer this specific type of credit. In other words, some banks, financial institutions or even the store where we want to buy the product to be financed.

Therefore, the analysis and negotiation during the loan request is different for each institution. However, each of them requires a series of documents. See what they are:

Although all these documents are necessary, the procedure in some places can be done online or in person. So just choose the best option. Remembering that we must send all documentation correctly. After that, just wait for the analysis and approval process.

As we can see previously, credit is a type of financing for products and goods from different segments. In other words, it is not an amount per se or a balance withdrawn from the institution.

Therefore, those who are negative may be able to request this type of financing. However, they may have more difficulties during the application, as with other credit services.

However, as several stores and establishments work with this type of financing, it is possible to find those that offer more favorable conditions for negative borrowers.

In other words, it's difficult, but not impossible. Mainly in cases where we request financing with smaller amounts and fewer installments to pay.

Anyway, but is it really worth applying for credit? We will see now!

To correctly determine whether or not it is worth applying for credit, we must first analyze the options we have at our disposal. After all, this type of financing has advantages and disadvantages like any other.

Therefore, we must analyze what we want from the financing and whether there are better ways to achieve it. If we come to the conclusion that this modality is better for the current situation, we will start analyzing it.

In other words, create a financial plan that will allow you to apply for credit without negatively impacting your income. This way, you avoid default situations. This way, the credit could be worth it!

Now that you know how to request a credit card, its advantages and disadvantages, understand that to manage your finances you need control. For this, nothing better than good apps to control your finances. So, access our recommended content below and learn more so you don't fall into unnecessary debt.