Do this if you want to get out of debt definitely



And if you decide you want to get out of debt 

This general picture is discouraging because people generally give up before writing their first list of what they owe. When talking about using a spreadsheet or expense control application, the mind becomes paralyzed.

The good news is that you no longer have to worry, right now you are about to discover what the first step is to say goodbye to your debt!

Before you learn this secret, you need to be warned: these steps may surprise you. It will seem like the wrong thing to do, yet you will not learn to do anything unexpectedly. Did you know that most people think getting out of debt is simply paying bills?

Tell me, are you ready to know how to save $ 1,000 as fast as possible?


Surely you were not expecting it, or were you expecting it? Because, I say this, do we know that someone who is in debt would not save money instead of using it to pay off debts?

Why save for when the debt appears?

We Brazilians do not have the habit of reserving a portion of the salary, but my advice to you is – change that concept. Think about making your emergency fund as a safety net in case of fall and lack of money.

By saving financial resources monthly, this will allow you to create a mindset of being in control of your money. It will also force you to make changes in how you use your money.

When you start saving part of your income, aside from having money set aside for those hours of suffocation, you will soon have enough money to do much of what you want to do, which you would normally have financed.

We do not have a crystal ball to know when the hard times will come, but we can prepare ourselves for when we are living in those times.

  • Your solar energy device pifa.
  • Your car has trouble transmitting.
  • Your son breaks his arm in soccer practice, all these are surprises that can generate expenses.

But if you have $ 1,000 in an emergency fund, you will not have to go into debt when you need urgent cash or the inevitable happens.

Start your emergency fund immediately

Start your emergency fund immediately

If you take it seriously and want to get out of debt , you should work hard to save at least $ 1,000 over the next 3/4 months or so before. Below are some ideas!

Make a financial budget of income and expenses

It’s kind of repetitive but make financial control of your money with a spreadsheet or online application, doing this is essential for your success with finances to happen.

Controlling your finances with a well-defined budget is the key to being able to save small amounts of money to create your emergency fund of at least $ 1,000 reais.

Knowing when to enter and how much you are spending, it will be easier to close the tap where you have the most expenses and which of them you can cut to save more money. But if you do not make your plan on a monthly budget, you’ll never know what costs you can cut to save.

Reorganize your financial priorities

We know it may seem impossible, but it is feasible to totally change an unruly financial life without control!

  • First : make a shopping list and follow it without last minute changes.
  • Second , stop financing your “uncontrolled desires” and buy only needed items.

If you think you’ll give in to impulse shopping when walking through the halls of a Shopping Mall or Hypermarket, consider letting go in these environments. For required items, switch to lesser-known branded products.

Challenge yourself to be creative! Dine on the stove instead of buying ready-made food and meals that cost a lot, this anywhere in the world. Just by doing this, a lot of money will be saved.

Get rid of things you do not need or use more

Sell ​​everything you keep in case but do not use it, give it to nobody or exchange it.

Release! That is the word of order. Household items, clothes, electronic gadgets, toys and everything else you could not even remember, but it can turn into money if it is sold.

Get rid of jewelry, valuable jewelry that you have bought but do not use. Sell ​​anything of monetary value that really has no meaning to you but which is accumulated in your home.

Do you want to get out of debt?

Search for social groups on facebook of brechó, sites selling and buying used products, try the OLX or the Free Market , in that places there is always someone to buy or sell.

After all, what you may not provide for one person can be valuable to another.

Find Extra Money Making Alternatives

Are you a great photographer? Can you mix music? Do you know how to play guitar, piano or violin? Do you knit scarf or woolen blankets? Now is the time to use your hobbies or skills to generate extra income.

Look for opportunities to work during the hours you are unemployed.

If your job does not give you this option, consider finding extra time to do it overnight or at the weekend. Of course it does not seem to be so glamorous to have to deliver pizzas or work in any delivery, but on the other hand it will help you save money or get out of debt .

Decide what you will not miss in your life

Decide what you will not miss in your life

Are you ready for some sacrifice?

Scroll through your expense and expense worksheet to cancel any unnecessary associations, tickets, invoices, and services. Say goodbye to the gym you pay for but do not use, magazine subscriptions or monthly newspapers you do not have time to read!

Maybe it’s time to cancel your cable TV, switch to a basic plan or (use Netflix for less than $ 25), or access movie site plans online.

Look at it this way : if you’re working extra you certainly will not have any more downtime. Do not be afraid to make a little sacrifice for a period so you can add extra money in your pocket quickly!

Once you reach the magic number, take your money to the bank. Do not leave it at home – if you leave it at home, sooner or later it will use it for anything else that will not be for an emergency.

Can you create an emergency fund?

Can you create an emergency fund?

Not everyone can create their own safety net (save extra money) for when something unexpected happens. Understand that this reserved money can be useful to give you a financial advantage to save on interest and other charges.

This is one of the first steps to adding confidence to your mind, creating a sense of accomplishment and a sense of control of one’s money. This step proves you can save money.

Did you know that you can control your behavior related to your money?

Want to discover the power of intense focus on goals and determination to conquer?

Want to know how to use skills to tackle financial problems as a step to get rid of and get out of debt?



Make the first personal loan of life in banks and financial

“Have you decided that you will make the first personal loan of your life? I knew that according to more recent bank reports, there are several many reasons why people decide to get a cash loan. “

Apart from personal loans, car loans, buying homes, acquiring properties and pursuing personal or children’s education are the most prominent reasons. However, there are small cash loans that are required for multiple purposes, such as paying debts to consolidate them and everyday costs.

Every first experience we have ever forgotten. The first fall of the bike, the first job, the first boyfriend and kiss, all this and more had a first time and many more times later!


The First Personal Loan No One Forgets

  • Do business and website reviews for comparison
  • Select your loan type carefully
  • Choose between secured and unsecured loans
  • Consider your credit score or credit rating
  • Make installments payments on time
  • Maintain a good relationship with your lender
  • Essential Check List Before Selecting Your Loan
  • Top 5 Factors When Making Your First Personal Loan

The First Personal Loan No One Forgets

fazer o primeiro empréstimo pessoal da sua vida

We are usually guided first by someone more experienced, older, by the parents or someone who already knows the subject. So we can say the advice by being welcome in many cases of people’s lives, emotional and financial as well.

Likewise, there are certain things that should be remembered when taking out a personal loan for the first time in life. Let’s understand how the process goes:

Do business and website reviews for comparison

When deciding to buy a cell phone, a car or a tennis shoe for example, you would compare many options and alternatives in the market, do the same with loans.

This comparison strategy is essentially known as comparative analysis. When you plan to make a loan, you should compare all the possible deals in various online banks and the financial system to find one that provides the same loan amount with the lowest interest cost.


Take into account all aspects, such as the interest rate, fines on late payments, the method of payment and repayment terms. After analyzing and studying all aspects, only then can you make a fair decision about the location and the lender to grant your loan. Make the request as fast and practical as possible.

Select your loan type carefully

There are several types of personal loans that financial institutions offer to the most varied categories of consumers. Carefully choosing the loan mode is one of the important priorities when deciding to apply. Mainly because they are classified into:

  1. Loans with guarantee
  2. Unsecured loan

In addition to being separated into these two categories, the borrower will have higher or cheaper interest rates according to his profile, eg if the borrower is with the taxpayer denied, that is, with a dirty name, he will pay more for it . Except for paycheck!

Choose between secured and unsecured loans

Choose between secured and unsecured loans

People often choose unsecured loans, it is a form that does not require collateral of any kind, but the interest rates are higher.

On the other hand, who wants to reduce the total cost of debt at low rates, depart for secured loans, but then you need to involve some asset or property in negotiating with the lender.

Consider your credit score or credit rating

Consider your credit score or credit rating

Credit rating plays an important role. If your credit score is good, your on-appraisal will give you a better chance that your first loan is approved .

A credit score of 701 and above is considered decent enough to seek loans of any kind. A good credit score makes you get loans faster and with less documentation and hassles.

Make installments payments on time

This is another factor that can not be ignored. When it comes to repayment of the installments of loans, you can not get defaulted. Let installments delay account points and makes raise red flagging flags against the borrower.

Make the payments always up-to-date, put in debt to not only prevent you from paying the fines but also not to downgrade your credit score. Also, lenders are really skeptical when it comes to late payments – not paid, worth what the contract says!

Maintain a good relationship with your lender

Maintain a good relationship with your lender

When taking your first personal loan , rest assured, that is the end. There are definitely cases where you would need help again from your lender for a new loan.

With this in mind, keep your existing loan on time and without delays, you should be up to date with your lender and have more room for commitment of income.

First-time loan takers are just like those who are already experienced on this subject. But a little more guidance would not hurt anyone. These tips will definitely help you to know certain things that were you avoiding problems.

Essential Check List Before Selecting Your Loan

Essential Check List Before Selecting Your Loan

Applying for your first loan with one of the online lender who has partnered with Dorothea Brooke could increase your chances of getting your loan approved without many bureaucracies.

The first step to having a loan application made with ideal terms is to know with whom you are dealing, to know companies and trustworthy and legitimate websites have protected your integrity, your personal information and your privacy. Choose lenders online with exemplary approval level.

Top 5 Factors When Making Your First Personal Loan

Credit history : The credit history is a type of report to be useful to both users and creditors. It is a record that informs about the number of times the person took a loan, indicates the liability for payment, it also keeps records of how many debts the person left behind and did not comply.

When knowing a person’s credit history, the lender defines his ability to pay, knows if his credit is excellent, good, fair, reasonable, bad, or rotten.

Credit Score: It is a score that you have access according to your financial behavior. If you pay your debts without fail, your credit score increases. It also increases the chances of taking advantage of lower interest rates.

Whereas, if you do not repay a debt on time, and have an outstanding amount on your credit card that still needs to be paid, your credit score goes down until it gets bad.

So in short, if you are defaulting on any type of financial commitment, your credit score falls and your name (CPF) name consists of debtor getting negatived in the financial credit system. Having a score of 700 and above helps you get fairer chances of getting any loan approved first.

Your Income and Source of Income: The income on the application for the first personal loan plays has important and fundamental role. There is a minimum level of income for which a person needs to prove that they receive or earn regularly to have the loan approved.

If this criterion is not met, no financial institution shall grant personal loans of any kind.

Debts in progress: If you have other personal loans or other debts in progress, you are less likely to have new loan approved loans.

But it is not only to have several loans, if your commitment is consuming the power of payment eg: credit cards, electronic payments, etc, this may have a negative impact at the time of the credit analysis.

Financial Responsibility: You can create satisfying answers for lenders when starting score creation and credit score.

When the lender looks at your CPF, it seeks to know what level of financial responsibility you can allocate to your business. Use Serasa Consumer, Positive Registration and the Positive Consumer to create credit and make it easier to get your first loan or financing.

Well, as the cost of sight and purchasing power decreases, people will always consider taking personal loans as the opportunity comes. Many lenders offer unique advantages to get money borrowed with lower interest rates and instant approvals.

Grana Smart does not grant these personal loans, but we have and indicate business partners who are willing to make your loan with excellent terms, terms and interest rates. Visit this page with several loan offers – Click Here!

Make Life’s First Personal Loan Average 4.7 – 53 votes
At Dorothea Brooke, we adhere to rigorous editorial integrity standards to help them make informed decisions. Some of the products we present are from our partners. Understand how we make money.

Personal Loan Insurance

What is Personal Loan Insurance?

Until recently, loan insurance was a concept that was only available for real estate loans. However, it has now also become available in other forms of credit, including personal loan and payroll deductible loans.

A personal loan protection insurance helps cover the inability to repay the loan due to unfortunate circumstances such as sudden death, unemployment or due to health conditions.

The responsibility for repaying the personal loan will not be borne by the dependents or their family. You can choose to pay the premium along with your loan payments monthly. You can also pay the premium in advance.


Now that you know what a loan insurance is , here are some factors you need to consider before you apply for one.

Check your financial condition

Check your financial condition

Is paying for a credit or personal loan insurance an extra expense? Not always. In some cases it is necessary to evaluate if you are financially comfortable to pay the additional amount along with the installments of the loan you want to take.

Taking out insurance can rather avoid unfavorable setbacks, so try to find a place in your finances, either to pay in installments or in cash. One way or another, while bringing more security to you and your family, makes the process of applying for money funded more expensive – but, it’s worth it!

Is not it mandatory to take out the insurance?

Is not it mandatory to take out the insurance?

Loan insurance is not mandatory for personal loan takers, bank loans and other lines of loans. There may be situations where the bank can sell it to you separately. However, it is up to you whether you include it or not.

For example, personal loan insurance is not helpful if you have a significantly higher amount of life insurance coverage or other types of insurance that support claims that the loan insurance covers.

It is worth mentioning that some types of loan, this option to opt does not exist, meaning the insurance is already built into the value of the installments regardless of whether you want it or not, this is the case of payroll loan, real estate loan, and other modalities for companies and microcredit.

Loan Insurance Coverage

Loan Insurance Coverage

Coverage is something that differs between insurers and administrators, each one has its own policies, terms and deadlines, however, some aspects are the same for the most part, below you will get a rough idea of ​​what it would look like:

  • Death Coverage : up to 200% of the initial balance of your loan, coverage limited to $ 100,000.00.
  • Involuntary Unemployment : up to 12 installments of up to R $ 1,000.00 (each) (grace period: 31 days and deductible: 31 days).
    Eligibility : Insured persons who, at the time of termination, have an employment relationship (CLT) of at least 12 (twelve) consecutive months with the same employer.
  • Total and Temporary Physical Disability (IFTT) : up to 12 installments of up to R $ 1,000.00 (each) (grace period: 31 days and deductible: 15 days), due to an accident or illness that prevents you from carrying out any work activity , except as a result of Excluded Risks and in compliance with the provisions of this Coverage and those contained in the General Conditions.
    Eligibility : liberal or autonomous professional in professional activity, who has an accounting / tax document proving the activity performed.

Compare Different Personal Loan Insurance Deals

Often a personal loan insurance will look like a married sale when the manager or bank system informs about this option. However, this can become a problem, since when comparing, this cost is not informed at the initial interest rate which may impair your analysis of which lender has the best offer.

Credit offers differ from company to company, this we all know, however, you need to be aware of the additional pricing. Therefore, it is necessary to make a comparison of offers in different creditors based on the CET.

In addition, there are many loan insurance coverages that do not cover situations like job loss. On the other hand, if you are a liberal or autonomous professional, you will not be able to benefit from it.

Know Your Personal Loan Insurance

Know Your Personal Loan Insurance

It is advisable to know all the terms of service offered before opting for a loan insurance . This will help avoid situations where you can not claim insurance.

It is important to also say that you are not required to make the insurance that the banks or lender offer you as a consumer, you have the full right to compare in an insurance insurer that best suit your customer and financial profile, of course!

Check terms in case of anticipation

In most cases, when you close down (a loan in advance) before the deadline, you are likely to lose the insurance benefits associated with it. Therefore, you should know if there will be a refund of the amount paid or if it will be canceled.

If you have paid the value of the insurance in cash, you will certainly have amounts to be repaid if you repay the loan before the deadline, please note that when you install, it has been diluted for the entire period, if there is no refund

Taking out insurance for your personal loan is always a good option as long as you do the full homework on the terms and conditions of the service offered.

To guide your choice, we have done a personal loan interest rate check from partner lenders and other banks for you to get an idea.