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Cards vs credits

Cards vs credits

Cards vs credits, At this point, what is the best option? Like everything in life, it will depend on the situation. If it is a one-time expense for an unexpected purchase, and you are going to collect your payroll soon, you can opt for the credit card. However, it is always advisable to have good savings habits if possible. To manage your economy automatically and see your monthly expenses at a glance, the Fintonic app can be very useful. It will serve as your financial advisor and will allow you to increase your financial cushion to cover unforeseen events.

However, if you want to acquire an asset of a higher value, you are going through a more delicate economic moment, or you have had more expenses than usual that have unbalanced your accounts. The best option will be to apply for a personal loan. In this way, you will not be overwhelmed every month waiting to collect to be able to deal with the charge on your card. In addition, you will never be able to live up to date, nor save and have a saving habit. Therefore, in case you need that capital injection to help you maintain your life and be able to organize your finances again, you can request a loan.

Before requesting it, it is important that you know your borrowing capacity. You can do it with the Finscore index. It is a scale that indicates your credit score, that is, your qualification as a payer. This indicator measures your income, your expenses, your overdrafts, your credits, etc. In this way, you get real information on the state of your finances and you can negotiate better conditions with the entity. The higher the score in the FinScore, the lower the interest rate on your loan.

In addition, Fintonic does a search for the different financial products and automatically offers the one with the best conditions based on the profile. Without leaving the app and in a few minutes. A solution when requesting a loan that provides greater transparency and better conditions for the client.

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