Understand more about what is it? default, why it happens and how to avoid this situation by paying your debts correctly.
THE default occurs when a person or company fails to pay a debt within the period stipulated in the contract.
This can happen with any type of debt, such as credit cards, loans, financing, electricity, water, telephone bills, among others.
Many times, people are unable to pay their debts on time for various reasons, such as low budget, unemployment, among others.
THE default can have several negative consequences, such as the charging of interest and fines and an increase in the amount of debt.
As well as the negative listing of the debtor's name in credit protection services, such as SPC and Serasa, in addition to other restrictions that prevent them from obtaining credit in the future.
How can I avoid defaulting?
To avoid the default, it is important to have financial organization and planning. Here are some tips to help you get organized:
Make a financial plan: It is important to have a clear view of your income and expenses so that you can better plan and control your spending.
In other words, create a monthly budget and set priorities.
Be careful when using your credit card: Avoid using your credit card to purchase items that do not fit into your monthly budget.
Remember that credit card interest rates are often very high, which can make it difficult to pay your bill in the future.
Pay your bills on time: Establish a payment schedule and always try to pay your bills before the due date.
This way, you avoid interest and fines and keep your name clean with credit protection services.
Negotiate your debts: If you are facing financial difficulties and cannot pay your debts, negotiate payment.
It is often possible to renegotiate your debt and avoid having your name negatively listed.
Stay informed: Monitor your credit history with credit protection services and always be informed about your debts and payments.
This can help avoid unpleasant surprises in the future.
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