Although the plan is to just continue spending what you have, sometimes emergencies happen. In these cases, many people decide to resort to personal loans. Whether it is to pay off debts or to go on a trip, the loan can save or increase your debts. In this sense, to avoid getting in your way even more, planning is necessary. Additionally, you need to find the best personal loan company. But what does it mean? Continue reading and find out!

Firstly, to find the best company you need to know what your financial priorities are. Therefore, start by asking yourself the reason for the loan. Be it for a trip, paying debts or medical expenses. This way, if your need is for a car, for example, there are specific loans. In this sense, rates can even be personalized.

Secondly, it is essential to know how much money you will need. For example, if it's a family trip, calculate all the expenses, from accommodation, transportation and even daily food. Also, think about how to save money and borrow a lower amount. This is because the higher the credit value, the higher the rates may be.

In addition to all of this, one of the most important parts is considering your income. In other words, don't take a step too far with a loan. In this sense, write down all your expenses and earnings. This way, you will reach your payment capacity.

If you feel that the loan is going to be too heavy, it may be better to plan ahead and save the money. Remember to never create new debt due to lack of ability to pay. Unless they are emergencies, for example, medical ones. Even so, in this case you need to calculate how much you can pay in installments. 

Another important question is knowing which banks you already have an account with. This is because they are the ones you already have a relationship with. In other words, you are likely to get much better rates. Especially if you have a good paying history. In this sense, you can get a high credit limit with much lower interest rates.

So, now that we've seen these first points, it's time to know how to choose the best company for a personal loan. Continue reading and check it out!

In principle, there are several loan companies, in addition to traditional banks. Therefore, it is very important to research the reputation first. This is because the company may offer a high credit limit, but have poor service. Furthermore, when looking for companies online, you need to be careful about scams. In other words, always search for the company name on review platforms, such as Reclame Aqui.

In short, as we already mentioned, platforms like Reclame Aqui compile user experiences. Therefore, if the company has many complaints and few resolved cases, they will be in a much lower position in the ranking. Therefore, consulting these platforms is essential when searching for the best company for a personal loan.

Furthermore, the Central Bank itself gathers information from institutions. Just access the Bacen website and check the institutions’ complaints ranking. In fact, this ranking puts the bank that was the champion of complaints in first place. Therefore, always keep an eye out before hiring the company’s services.

Furthermore, it is essential to understand how credit analysis works. In short, if you already have a good relationship with the bank, you may already have credit available. However, if you haven't, see how this analysis works. For example, does the company check its name in SPC or Serasa? If so, it will only be possible to hire if you are not negative. 

Furthermore, there are some companies that carry out credit analysis just by checking your income. In other words, they give credit even if you are negative. Therefore, always check the analysis form before requesting or failing to request the loan.

Finally, as we already said at the beginning, it is very important to review your priorities. Therefore, put on the table the reason for the loan and also the ability to pay. After that, ask yourself if that personal loan meets your needs.

In fact, there are currently personal loan companies that function as search tools. In other words, you enter the desired amount and how long you want to pay. Thus, the platform compiles bank offers for you. Therefore, you can choose between several companies and decide the one that works best for your financial reality.

Furthermore, in the recommended article below we talk about the main loans for 2022. Read and check it out!