Consumer Credit: a tool for financial stability when well managed
Consumer credit plays an increasingly important role in the Portuguese economy. Discover how to use it in a planned and conscious way to ensure financial stability.An Instrument of Stability
According to the study "Impact of Consumer Credit on the Portuguese Economy" by Nova SBE in collaboration with ASFAC, consumer credit is not just a mechanism for anticipating expenses; it has also been a true instrument of financial and economic stability for families.
In a context of rising living costs, many families resort to credit to cover expenses they cannot manage with just salary and savings. On the other hand, the prospect of economic growth and job stability reinforces the confidence to take on financial commitments.
But this is precisely where an essential question arises: How to ensure that credit is a balanced and sustainable solution?
The Difference Intermediation Makes
This is where credit intermediation makes a difference.
As a personal credit manager at CrediSegur, I work daily with people who need to:
- Analyze their effort rate
- Compare proposals from different institutions
- Find conditions better suited to their profile
- Reorganize expenses through credit consolidation
This analysis allows credit to become a strategic tool rather than a source of financial pressure.
Good and Bad Credit
As the Nova SBE study demonstrates, credit can support the financial stability of families when used in a planned, conscious manner and adjusted to financial capacity.
It should not be seen as just "another debt", as it can be used for:
- Managing unforeseen events: Mitigating the impact of unexpected expenses
- Credit consolidation: Reorganizing multiple debts
- Preserving liquidity: Maintaining financial reserves
- Planning personal investments: Education, training, among others
The Key: Information and a Conscious Choice
However, the key is to know your financial capacity well and to choose with information. At CrediSegur, we present you with the proposals from the banks we have contracts with and explain the differences between them. Talk to us!
See you soon,
João Parreiral
Article by CrediSegur (CRRF – Brokerage, Lda.), a tied credit intermediary registered with Banco de Portugal under no. 0001290. We present proposals from the banks with whom we have a binding contract, identified in the Consumer Information, and we do not provide consulting services. Insurance agent registered with ASF under no. 421571530.
