Loans are the most affordable option if you require a large amount of money for an important project such as remodeling your home, or to cover an expense that arose unexpectedly. However, you should keep in mind that for each situation you can have different types of credits that can help you solve your financial situation.
Therefore, if you have already acquired a credit, or are thinking of acquiring one, you should know the following:
First things first, what is a credit?
The credit is an amount of money that a bank or other financial institution makes available to you during a certain time limit. Also, to return this amount of money you have the possibility to do it in a single payment or gradually (over a certain period of time, through a payment of fees). Credits allow you to access today what otherwise would take months or years to acquire.
Types of Credit
Any type of credit is an ideal solution for your financial situation. The important thing is to know that if you learn to choose the right loan, and handle it correctly, it can help you achieve your goals. The main credits managed by financial institutions in Guatemala are:
- Credit cards. They are useful at the time of a short-term acquisition. They allow you to acquire a good or service without significantly affecting your cash flow , as you can extend the payment of the value of your purchase to the installments and at the time you prefer.
- Specific credits These credits are intended for specific financing: automotive, mortgage, education, among others. This means that you must show that the money you acquired was used for this purpose . An important advantage of these credits is that the interest rates may vary depending on the financing you choose.
- Personal loans. Unlike specific credits, personal loans are free investment. That is, you can divide the money you have requested for different expenses . For example, one part can be used to remodel your home and another, you can use it to make that dream trip you’ve always wanted.
By choosing the right type of credit you can have more benefits for your financial health. At Good Finance, our short-term loans are tailor-made and quick to acquire, as we have innovated to give you the best solution without long and annoying procedures.
So you can apply for loans without a credit bureau in Guatemala
At the time of requesting a personal or specific loan, many institutions and banking companies require information regarding the behavior you have had with respect to your previous loans.
We trust you, so when you acquire a loan with us you do not need a guarantor to support your obligation. In addition, our professionals are willing to advise you in the best way, request your free advice here and start making your dreams come true.