I settled the debts. How not to get into debt again?

Who wouldn’t want to get rid of debt? The collection calls at any time of day, the difficulty of getting credit in the square and, finally, such an unpleasant feeling that makes you swear on your feet together that you will never fall into it again.

And behold, you can pay off debts, but how can you not get into debt anymore?

So in this post, we will give you some tips that will help you get out of debt for real. Check out!

Don’t spend more than you get!

Don

First, we need to learn to control spending according to our salary. Although it is a simple rule, very few people can follow it. There is often a lack of control and consumers end up spending more money during the month than they receive in the same period.

The credit card

credit card

The credit card is responsible for over 80% of defaulting today in Brazil. Therefore, the card must have limits below your monthly earnings.

Also, the caution here is that the higher the limit the more money you think you have. But the card limit is not the money she has. Because everything on the card will have to be paid; and with interest.

Have an emergency reservation

Have an emergency reservation

Spending less than you earn is critical, but not enough to keep your bills up to date.

In addition, it is also very important to have an emergency contingency reserve. After all, what to do if someone in your house loses their job, for example?

Take care with the loans

Also, when you make a personal loan to renovate your house, buy a car or property, hold a party, or the like, you are using money that is not yours – you will have to repay it with interest! Think about this before making indiscriminate loans.

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Credit in the event of death

Credit in the event of death. With a classic loan, there is a specific installment payment period. These are expensive and often completely useless. For this huge investment almost always a loan must be taken. Are you looking for a mortgage loan? Many pensioners and seniors do not want to burden their survivors with debts or death costs.

What about my credit if I get away? 

What about my credit if I get away? 

It is not easy to find the solution to your theoretical problem, as it depends on other factors such as the salary of your loan agreement. However, if you reject your inheritance, it is important for the principal bank to see if the loan agreement brings residual debt insurance.

The residual debt insurance pays the house bank the difference between the previous amount that you have already repaid to your house bank until your death and the remaining amount. If you have such residual debt insurance that will warmly recommend any house bank before you sign a contract – for self-interest – then your worldly property will ultimately be purchased.

If your property covers your debts, the house bank had more or less bad luck. Otherwise, the balance will be borne by Good Finance. Your savings account, which you mentioned in your case, will be added to your estate in any case. It is almost impossible for a house bank to go bankrupt in several cases, as in the case of theories you mentioned.

The basic problem of so-called “bad” loans – loan contracts that do not bring capital to the house bank because borrowers simply do not pay – is more relevant than ever in bank history.

Something with the loan? Information for relatives + debtors

Something with the loan? Information for relatives + debtors

With the death of the testator, the relatives take over his demands. But no one is inevitably still on the lending rates. The debt continues even after death. Like the dead man’s wealth, it flows into the estate. The relatives can reject the inheritance. In the case of the unclear financial situation of the testator, an asset manager is advisable.

The borrower can insure his relatives in the event of death. What about the loan in the event of death? In reality, it happens again and again that a borrower dies during the duration. Now it’s about what should happen to the credit agreement and who pays the obligations. Most importantly, the debtor’s debt remains even after his death.

Like the deceased’s assets, it flows into the estate. In simple language: The duty is transferred to the descendants. As a rule, they are liable to the house bank for the repayment of the loan. If the testator has not made any final disposition, all assets – including the inheritance liabilities – are regulated by the legal successor.

If there is more than one successor, one speaks of a community of descendants. All surviving dependents receive equal amounts of both assets and liabilities. If the death lies in an emergency, the house bank must dissolve the loan. For this reason, banks always carefully check before granting whether the claims can also be realized in the event of death.

Claims of the estate will not be transferred to the private capital of the descendants. If the obligations exceed the assets, the successor would be in debt if he accepts the inheritance. Therefore, after determining the inheritance, it is necessary to examine the situation in order to get an overall view of the existing fixed assets and possible debts.

Subsequently, an informed decision can be made as to whether it has an effect on inheritance. In simple language: An heir has the right to completely reject inheritance. What is the part of the succession? How to reject an inheritance? Anyone who does not want to inherit the legacy must declare a corresponding waiver. After the rejection of inheritance, all entitlements expire.

This period begins with the knowledge of the inheritance

bank

Not even with death. After the expiry of the deadlines, the insurer assumes that the legacy has been taken over. In the case of unclear financial circumstances, the descendants can appoint an asset manager. The inheritance must then be rejected only after a thorough examination of the facts.

If the management of the estate is initiated, the claims are initially covered by the estate. The remainder after repayment of the loans to assets will be paid to the successors. During this time, the successor can not sell on the estate itself. If the borrower has designated one of his offshoots as a guarantor, he must be held liable for the repayment of the loan.

Note: The denial of inheritance has no effect in this case as the guarantee contract has nothing to do with inheritance. Do I get out of the bail as an heir? Another special feature is when the testator leaves a loan for a property and this has been secured by a relative in the course of a mortgage.

After signing Good Finance can enforce the claim against the property of the liable party. Note: Enforcement is also possible if the person responsible is a relative who rejects the inheritance. If no personal liability has been declared, the house bank will attempt to bid for the property by means of the land title document and enforce the foreclosure against the property.