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Bancolombia announced that it will lower, as of March 10, its interest rate for purchases made with Visa Clásica, Mastercard Clásica, American Express Blue, Mastercard Joven and Mastercard Ideal credit cards. (Read: Datacrédito: the three keys to get out of debt and avoid reports)According to the entity, customers with any of these cards will have an effective annual interest rate of 25 percentwhich is below the current maximum rate of 46 percent effective per year.The bank also points out that this benefit applies to customers with a quota of up to 3.9 million pesoswhich represents 50 percent of all Bancolombia…

Datacrédito is a credit information center in Colombia that collects information on people's credit history, including their payment behavior and their ability to meet their financial obligations. The reports produced by the entity are used by lenders and financial service providers, such as banks, insurers, supermarket chains, cell phone operators, among others, to assess the creditworthiness of consumers. How to know my score in Datacrédito?By entering the page and registering in the 'free access to my Datacrédito' module, you can register for free and check if your credit history is positive or negative."The credit score is expressed in a number,…

According to the latest data from the Bank of the Republic, as of December 2022, the total external debt of the country reached 184,118 million dollarswhich represents 53.4 percent of the Gross Domestic Product (GDP).The external debt had an increase of 2.06 percent compared to the data from last November (180,394 million dollars) and shot up 7.48 percent compared to the same period of the previous year (171,303 million dollars).(You can also read: Mintrabajo proposes a 50-week pension bonus for women for each child) from November to December 2022 increased 3,724 million dollars. This is the highest monthly increase recorded…

In the midst of the political control debate in the First Commission of the Chamber ofRepresentatives, the Minister of Transportation, Guillermo Reyes, reacted on the actions that the Government has taken due to the cessation of operations of the airline Viva Air and assured that in the next the country will know the decisions on the integration with Avianca. In addition, the minister responded to the constant complaints from air transport users and the increase in ticket prices. Reyes said that in the country there is free tariffs and that it is the market that sets the prices of the…