How to cover overdraft debt without interest
Don't worry if you've exceeded your debt limit. Today, there are alternatives to cover overdraft debt for 30 days interest-free.
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In fact, it's very common to use special credit to resolve certain financial issues. However, few people manage to get their application approved.
But the news is that the startup Rebel has launched a product entirely aimed at this audience mentioned above: the pothole-filling loan.
Keep reading and find out how to pay off your debts interest-free.
How to cover overdraft debt with Tapa-Buraco?
First, Rebel is a startup that offers fast and secure personal loans. Today, it operates as a banking correspondent, authorized by the Central Bank, mediating loans between customers and lenders.
Tapa – Buraco is a type of loan for those who need to pay off their debts, whether on an overdraft or credit card, all in an interest-free manner.
As a result, this financial product from Rebel makes it possible to cover the overdraft debt, being able to pay the amount to the institution in up to 30 days without interest.
However, if the consumer does not make the payment within the established period, he or she will be transferred to another financial product.
In other words, through this migration, interest rates will be charged for the “loan”, however, with rates much lower than those of the special check.
Second, if you have credit card debt, the company also offers a "pay off credit" program. This quick and easy way to avoid revolving credit is by giving you an extra 30 days to organize your finances.
What are the benefits of covering an overdraft debt with Rebel?
Above all, if you are about to go into the red and about to fall into abusive interest on your special check or revolving credit, there is nothing to lose by making a request with Rebel.
The first benefit is that the company offers the customer up to 30 days to pay off the debt in full, interest-free.
Another point is that the credit request is available in up to 15 minutes and the money is released into the customer's checking account within 1 business day.
Plus, you don't need to leave your home; all the processing is done via the app on your cell phone or on the Rebel website.
However, it is important to note that if the applicant fails to pay the personal loan installments, their name will be included in credit protection agencies and legal action will also be taken to collect the debt.
What are the interest rates?
In short, if the customer does not pay the debt within 30 days, the institution will charge an interest rate, which varies between 2.0% am and 8.9% am
Therefore, the loan can be paid off in up to 24 months, and installments can also be paid in advance at any time.
Take advantage of this opportunity to learn how to apply for a credit card for those with bad credit. clicking here.
