If you have a credit card, you have heard of interest-free monthly purchases, which allow you to purchase clothes, shoes, and other types of items in payments without generating an extra charge. It is an option to make televisions and other objects that perhaps you could not do in an exhibition.
That is why the National Commission for the Protection and Defense of Users of Financial Services (driving), tells you the most common myths when paying for your purchases in months without interest, this to prevent you from acquiring unnecessary debts in your history that you can take too long to pay off and become unpayable.
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What are the most common questions about paying months without interest?
If you do not have much experience with your credit card, we tell you the most common questions you may have when paying in months without interest:
How do interest-free months work?
This type of payment helps you buy items without disbursing the full price of one and to do so within a period of 3, 6, 9 or 12 months, without being charged extra interest.
One of the recommendations of the Condusef is that what you are going to pay in months without interest lasts longer than you are going to make the monthly payments.
Does the time in which you end up liquidating what you buy change to months without interest?
Since you make the purchase in months without interest, the term you have chosen cannot be modified, so you must take into account how long it will take to settle the debt and that it affects other payments that you are going to make.
Does it affect you if you combine purchases or promotions to months without interest?
Although it is very tempting to make several purchases over months without interest, you should be careful about how many you make, since it is money that you must pay at some point and not an extension of your income.
Another question that many have is the difference between fixed payments and months without interest, since the former includes a fixed rate with interest either monthly, biweekly or weekly.
While the purchase to months without interest is for a certain term, either 3, 6, 9 and 12 payments, but you must be careful with the deadlines to make the payment because if you do not do it within those days, they can add interest for the delay .
For more information on this and other topics, visit our section credits.