Alternatives to paying off debt using your credit card

It is a fact that the current economic scenario is not easy for anyone. Therefore, sometimes you can find yourself facing an impasse: debts to come due and no money to pay them. To help you with this problem, see these alternatives for pay off debts using credit card.

Depending on the interest rate you are paying on a certain debt, it is worth exchanging that debt for another with a lower rate. For example, you can choose to use your credit card or even a personal loan to pay off a high-interest debt and then pay only the card/loan installments (with lower rates).

Bank slips, booklets and other types of debts, in the same way, can be paid with the credit card limit. If you have a ticket with a high amount and don't have the money to pay it off in full, you can pay with your card and pay the card bill in installments.

Among the alternatives to pay debts using a credit card is Mercado Livre or Mercado Pago. Imagine that you have a debt of R$ 3,000.00 to pay. You can go to one of these sales sites and advertise a “product” worth your debt. Then you “buy” the advertised product yourself and pay in installments (without interest) with your credit card.

Upon completion of the sale, the sales site will transfer the full value of the ad to you (the seller) which you can use to pay your debt in full. It will then only remain pay credit card installments.

Currently, several negative credit cards are circulating in the market. Do you know any of them? It is worth mentioning Nubank, Neon, Credicard ZERO, Digio, Trigg and Santander Free.

To find out how the Nubank credit card application works, just access the institution's website by clicking here.

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With these alternatives for paying off debt using your credit card, you can organize your budget and take control of your finances again. Research and plan the best plan for your situation and get out of the red!