The credit It is one of the tools that helps most people achieve their life goals, such as paying in installments for the purchase of everyday goods, from appliances to housing, car, travel, costs of long-term projects, the education or own property.
However, interest rates with which the different types of credit have come go up in recent months as a result of the monetary policy of the Bank of the Republic curb high inflation.
The largest increases occurred in credit cards or free investment loans due to the rise in usury, which will be one in September 35.25%the highest since 2007.
Usury is the maximum interest rate limit that a financial entity or agents of the economy may their customers receive a credit of consumption and just, like credit cards, meaning you get a bigger influence in the use of these plastics and free investment credits.
Source: El heraldo
Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.
