Where Can I Get Credit?/¿Donde Puedo Obtener Crédito?

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Where Can I Get Credit?/¿Donde Puedo Obtener Crédito?
Physical Description:
Fact Sheet
Torres, Nayda I.
Harrison, Mary N.
University of Florida Cooperative Extension Service, Institute of Food and Agriculture Sciences, EDIS
Place of Publication:
Gainesville, Fla.
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Collected for University of Florida's Institutional Repository by the UFIR Self-Submittal tool. Submitted by Melanie Mercer.
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General Note:
"Publication date: July 2000. First published: January 1994. Revised December 2005."
General Note:
"FCS 7146"

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University of Florida Institutional Repository
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University of Florida
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Where Can I Get Credit? Credit is available from many sources. For this reason it is important to compare the different sources. The following are some of the sources of credit: Banks They loan cash. You sign a legal contract when you borrow money. Some loans are made where you must have a guarantee beyond the promise to repay (such as a car). Other loans usually for smaller amounts of money are made for which only your promise to repay is required. Bank Cards They are usually issued by banks and may be used to buy items, services or receive cash advances. Credit Unions You must be a member of the credit union in order to get a loan or a credit card. The interest rate they charge is usually the lowest. Rent to Own These stores let you use (rent) their furniture or appliances for a fee. With an agreement your rental fee becomes a weekly or monthly payment on the items. At the end of the contract you own the rented items. Prices are high. Donde Puedo Obtener Crdito? Uno puede obtener crdito a travs de muchas fuentes. Por esta razn es importante que compare las diferentes fuentes de crdito. Las siguientes son fuentes de crdito: Bancos Ellos prestan dinero en efectivo. Usted firma un contrato legal cuando toma el dinero prestado. Hay algunos prstamos que se hacen donde usted tiene que tener una garanta adem as de la promesa de pagar (automvil). Otros prestamos por lo general la cantidad es baja son hechos y lo nico que requieren es su promesa de que va ha pagarlo. Tarjetas de Crdito de los Bancos Por lo general la obtiene a travs de un banco y la puede usar para obtener artculos, servicios u obtener avances de dinero en efectivo. Uniones de Crdito Usted tiene que ser un miembro para poder obtener prstamos y tarjetas de crdito. Por lo general el cargo de inters que ellos cobran es el ms bajo en el mercado. Alquilar para Comprar Algunas tiendas permiten que se alquilen muebles o electrodomsticos. Por medio de un contrato, el alquiler se vuelve el pago mensual para la compra del mueble o aparato. Al fin del periodo de alquiler, el aparato es suyo. En este sistema de compra, el costo del mueble o aparato es alto. Where Can I Get Credit?/Donde Puedo Obtener Crdito? FCS 7146 Nayda I. Torres and Mary N. Harrison 1. This document is FCS 7146, one of a seri es of the Department of Family, Youth a nd Community Sciences, Florida Cooperative Ex tension Service, Institute of Food and Agricultural Sciences, University of Florida. Publication date: July 2000. First published: January 1994 Revised December 2005. Please visit the EDIS Web site at http://e dis.ifas.ufl.edu 2. Nayda I. Torres, Professor, Family and Consumer Economics, and Mary N. Harrison, Pr ofessor, Consumer Education, Department o f Family, Youth and Community Sciences, Cooperative Extension Service, Institute of Food and Agricultura l Sciences, University of Florida, Gain esville, 32611. The Institute of Food and Agricu ltural Sciences (IFAS) is an Equal Opportunity Institution authorized to provide research, educational information and other services only to individuals and institutions that function with non-discrimination with respect to ra ce, creed, color, religion, age, disabilit y, sex, sexual orientation, marital status, national origin, political opinions or affiliations. U. S. Department of Agriculture, Cooperative Extension Serv ice, University of Florid a, IFAS, Florida A. & M. University Cooperative Extension Program, and Boards of County Commissioners Cooperating. Larry Arrington, Dean.


Finance Companies a source of credit for people who are high risk in terms of their credit rating. They usually charge higher interest rates than banks, savings and loans associations and credit unions. Pawnbrokers To get cash, you must leave an item of value at the pawnshop and you usually receive half of its resale value. If you do not pay by the date agreed upon, the item you left will be sold. Pawnshops charge high interest rates. Installment Plans Used to buy things that cost a lot such as a washing machine or a range. You make a down payment and then pay the balance plus interest on a weekly or monthly basis. If you fail to make a payment the store can repossess the item. Charge Accounts You buy the merchandise and the store sends you a bill. If you do not pay the bill in full, an interest charge is added to the next bill. Illegal Lenders Some lenders operate outside the law. They may charge higher interest rates than pawnshops. These lenders often take advantage of people. Compaas Financieras Una fuente de crdito para personas que no son bue nos riesgos en trminos de su clasificacin de crdito. Por lo general, el inters que ellos cobran es ms alto que cobran los bancos, las asociciones de ahorros y prstamos y las uniones de crdito. Casa de Empeo Para obtener dinero en efectivo usted tiene que de gar en la casa de empeo un artculo de valor. Por lo general usted recibir la mitad del valor que artculo, si usted no lo reclama en la fecha acordada. El nivel de inters que los prestamistas cobran es bien alto. Pago o Plazos Se usa para comprar artculos que cuestan mucho dinero, tal como una mquina de lavar ropa o una estufa. Usted hace un pronto pago y paga el balance ms el inters en pagos semanales o mensuales. Si usted no hace los pagos, la tenda puede reposeer el artculo. Cuenta de Cargar Usted compra la mercanca y la tenda le enva la factur a. Si usted no paga la cantidad total de la cuenta, le aadirn cargo de inters en su proxima factura. Prestamista Ilegal/Usurero Algunos prestamistas funcionan sin seguir las leyes. Ellos por lo general cobran intereses ms alto que la casa de empeo. Estos prestamistas por lo general se aprovechan de la gente. Where Can I Get Credit?/Donde Puedo Obtener Crdito? 2