7 credit card clauses you should pay attention to: Condusef

In these times, one resource that could be valuable to your finances is a credit card which has many benefits if you are responsible with your payments and find one that works for you. your possibilitiesbut you have to pay attention to the small letters of your contract.

A credit card is the means by which you can manage the the money the bank is willing to lend you through a contract. The general clause states that at the time of use of the agreed amount, you agree to pay it in a timely manner, otherwise you will be charged a certain amount of fees and your debts will accumulate.

Be careful, these clauses could complicate a credit card for you

But the National Commission for the Protection and Defense of Users of Financial Services has warned that these cards are generally accompanied by certain extraordinary clauses which are written in lowercase in your contract, so you must read it very carefully. If you come across a few, you should try don’t fall into these mistakes to prevent your savings or financial planning from getting out of hand.

1. Charge of overdue debts to deposit accounts. The institution usually charges overdue debts to the user’s account in any amount and at any time.
2. Irrevocable authorization to charge partial payments to your payroll account. This affects you because in fact, they could charge these fees that you may have with other banks to your payroll.
3. Notify advance payment in advance. Otherwise, you won’t succeed and it could ruin your financial plans.
4. Advance or advance payments apply at discretion. In other words, the institution applies these payments as it sees fit.
5. Restrict the disposition of existing balances. You will not be able to use the resources not given as security for your accounts if your credit is up to date.
6. Payment by check until the financial institution completes the payment without an estimated date.
7. Establish as a cause of early maturity the non-compliance with other credits concluded with a third party.

Report abusive practices to CONDUSEF

There Condusef you can take these points as insultingand warns in its latest issue of the magazine “Protect your money” that you can file a complaint if you find these clauses on your credit card, which you can do on the unfair clauses microsite.

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If you prefer to do it by telephone, then the National Commission for the Protection and Defense of Users financial services activated the Contact and Attention Center line by remote means and you can dial 5553400999 for more information.