Not always do you get the best service from the bank where you have been a customer for years. Banks generally try to gain new customers with discounts, and they do not value customer loyalty as much as we might think. This way, less knowledgeable customers can be stuck for many years in an old…Read More
Good Finance, the first free and automatic personal finance management application in Brazil, captured its third round of investments worth R $ 22 million. The information was published this Thursday (August 20) in the newspaper Valor Econômico. Specializing in technological innovation in the financial industry New investors include two Silicon Valley funds, Ribbit Capital, specializing…Read More
Payday loan companies can charge fees that add up to almost twice what a credit card interest rate would be, and they can be relentless in collection. They are friendly when you want the money, but when you tell them you can’t pay it back, they can become very nasty, indeed.
Specifically people need the most help when they have taken out high cost loans like credit card debt, or worse still, payday loans. This is known as subprime borrowing because your liabilities are high risk for the lenders, and consequently they charge punishing rates of interest. It’s perfectly understandable how people get into such debt through emergency borrowing to pay for urgent unanticipated needs but the implications for a borrower of getting into this kind of debt are damage to his credit score, and even though such debts are unsecured (no liens or collateral) there can be a knock-on effect potentially insolvency and ultimately bankruptcy. On a personal level, oppressive indebtedness can result in marital stress, social withdrawal, a sense of failure and even depression and knock-on health problems. This is why it’s so important to take the bull by the horns and deal with it.
If you’re reading this there is a good chance you need help with “how to” refinance your debts. Debt can be a good servant but a bad master, and the line between the two is often blurred. At some point you’ll know you crossed it when you start feeling the burden of the interest payments. The consequences of a heavy debt load are severe, but at Pushbutton we’ll give it our best shot to get you a manageable path back to an unencumbered, debt free existence.