In Mexico, internet financing has begun to take on greater relevance, an alternative of how to get a money loan.
What do you need to access these types of loans?
Basically two things: good credit history and ability to pay the loan.
Credit history is the key that will open the door to any type of financing. Hence the importance of being aware of paying on time all debts you have with a financial institution or paying on time services such as mobile telephony or cable television, for example. A delay in the fulfillment of these payments may begin to dirty your history, do not say if the delay is more than 90 days.
How to know how financial institutions have evaluated you?
You can request your Special Credit Report in the Credit Bureau and thus know what profile you have. If you are a good payer you have nothing to worry about, this report will reflect. But maybe you are a good payer and you find a bad note in your report, you are very in time to clarify your case. Remember that your history is a business card with which you are telling the entity with whom you are going to contract the credit if you are a good payer or not.
You have to demonstrate your ability to pay off the loan
And although it sounds very obvious, there are many people who have a fixed income but who are already completely committed to paying other debts.
For example, if you earn 10 thousand pesos and at the time of making accounts you have one thousand pesos left per month available to pay the recent debt you acquire, you will not be able to access a loan that exceeds that payment capacity, even for 100 or 500 pesos, because that surplus that you cannot pay will be made like a snowball that in the end will make it difficult for you to pay the credit.
Hence the importance of taking advantage of tools that have platforms such as Good Bank, where you can evaluate how much you can borrow according to what you can afford and how much you will have to make a biweekly or monthly payment.
Also, before applying for the loan, don’t forget to evaluate how much that credit can help you face an emergency, get out of debt or go on vacation. With good use, this alternative will be a great ally, otherwise, you will have one more problem to solve.