How to prevent your credit line from being a danger

When you buy a card, a credit line also comes with it, which is the amount of money the bank is giving you so you can spend. This line is assigned according to the credit evaluation that the bank makes, where its level of income influences.

The credit line can represent a danger if you do not take into account certain things:

It should not be more than twice your salary

It should not be more than twice your salary

It should not be more than twice your salary, because the higher it is, there is a greater possibility of borrowing and that makes the bank can begin to see it as a risk.

Your monthly debts should not exceed 35% of your income (maximum). Then, if you are already paying a housing loan that covers 20% of your salary, the remaining 15% can be assigned to the card.

Set a fixed amount of expense and respect it

Set a fixed amount of expense and respect it

As much as the credit line is high, it does not mean that you should use it all. Set a fixed amount of expense and respect it, that will help you keep track of how many times you use the card to pay. 

Finally, if the credit line that the bank granted you seems very high, you can request a reduction.

Knowing this will help you make sure you keep everything under control

Knowing this will help you make sure you keep everything under control

If you don’t have a credit card yet, knowing this will help you make sure you keep everything under control. Before requesting one or changing the one you already have, do not forget to compare interest rates and other benefits.

Use the card comparator and in a few minutes you will have all the information and the possibility to request one if you wish.

What would vehicle insurance do if I don’t have an accident?

Vehicle insurance can give you more benefits than you think. Most drivers think that this product is only useful in case of an accident and that, if nothing similar happens, it will be like buying it for nothing. Similarly, a month later the payment of the bonus will be made, which represents an additional salary. Once again, the recommendation is not to spend everything on Christmas and New Year’s purchases, but to be prudent, make a budget and allocate, if possible, 50% to savings.

But the reality is very different. Insurers have sought to improve the offer of these products, including more benefits, so that, even without experiencing an accident, you can use them to solve different situations.

If your car breaks down

car loan with money cash

If your car suffers some kind of problem, you can take it to the network of authorized workshops for review. If stolen: If you have Total Loss coverage, you will receive the commercial value agreed in your contract, so you can purchase a new car.

If you need help to drive. If for any reason you are unable to drive your car, you can request the replacement chauffeur service. In some policies a certain number of times is free and you will have to pay later.

If you have problems on the road

car loan with money cash

If you need assistance while on the road, you can call your insurer to send the necessary personnel to assist you. But the reality is very different. Insurers have sought to improve the offer of these products, including more benefits, so that, even without experiencing an accident, you can use them to solve different situations.

Those are just some of the situations in which insurance can be useful without having an accident, but you should also remember that much will depend on the type of insurance you have purchased. Therefore, before choosing yours, compare the alternatives using web comparators such as Jansen Mandarins.