Can you pay the card? Why it is increasingly difficult to get out of debt
The myth that the bonus fixed everything was over. Today, paying the loan summary or installment became an impossible mission for many neighbors. We tell you what is happening and why the money is not enough.
Surely it happened to you or you know someone who is in that situation: the card closes and the number scares you. Or you requested a personal loan to fix something at home and now the fee eats up your salary. It’s not you alone; It is a problem that is growing throughout the City and the country.
The snowball of interests
The big problem today is interests. With rates that exceed the 75% annuallyany debt that you don’t pay in full quickly turns into a mountain of money. If you only pay the «minimum» on the card, the interest adds up and you end up owing much more than you originally spent.
Why is it so difficult?
The note circulating today in the media explains something that we all feel on the street: the salary lost the race against prices.
- Before, with the December bonus, many caught up.
- This year, that money was used for day-to-day living (food, rent, services) and debts were left in the background.
The numbers that scare (but in Creole)
To give you an idea, there are many people in the banks who stopped paying on time. But if we leave the banks and look at super cards or financial loans, things are worse: 1 in 4 people have trouble complying.
What can be done?
Experts say that even if interest rates drop a little, the real problem is that what we earn does not pay off. For now, the recommendation is to try not to use the card for grocery purchases (food) if you cannot pay in full next month, because you would end up paying for milk or bread at a crazy price because of the interest.
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