Recommendations for requesting a loan in a scenario of high rates | my finances
The high interest rates and usury have made credit more expensive in Colombia, a situation that could stabilize for a few more months, since inflation does not subside and household income continues to rise. (The options to deal with high rates on credit cards). Given the possibility of taking a loan at this time, Marc Hofstetter, a professor at the Universidad de los Andes and an expert in monetary policy, states that “if it is not essential”, It is best not to do it.“If it is not essential to take a loan at this moment, a consumer should not consider…
