Free cheese happens in a mousetrap is it is known. Perhaps there is no person who would not aspire to save on purchases. All of us have learnt to consider for a long time money, employment as it the price and we are not going to overpay. Probably, for this reason so it is tempting offers of banks and advertising of shops sound, a duet calling us to buy all and right now under 0 % of the annual. The offer tempting. But you at heart understand, that charity - destiny of public organisations. And banks and shops are created then, to earn profit.
So, what we have in stock? There are goods, let us assume, a house cinema. There is an offer to buy this cinema on credit, without percent. The bank in any case will receive profit. And here is how? Here two variants are possible.
In the first case the bank will receive profit on shop which will sell to you a house cinema under the overestimated price. About one and a half years ago such way was used openly by one of networks of supermarkets of home appliances: on the price list at once stood two prices. One, more low, the price at payment on a place, the second, above - on sale on credit.
The second variant from the point of view of banks is more effective. In shop to you sell equipment account under the usual price. For purchase you conclude the credit contract - very often directly on a place, in shop, there are representatives of banks. In the credit contract, to be exact, in the conditions of crediting, also the bank profit is hidden.
Here too there can be different variants. One banks demand to pay an initial payment then you monthly pay the full sum of purchase. The initial payment goes to bank profit. It is the optimal variant - you see at once, how many it is necessary to pay.
Other banks arrive differently. The initial payment is not present. But under the contract you should pay 2,5 % for registration and credit delivery. As you should pay for credit service (for example, 3 % on the outstanding rest of a debt) to deduct commission fee on each bank operation (for example, 1 % from the transfer sum), the commission for delivery of the credit by cash.
Give for presentation we take the sum of 24 thousand леев, term of the credit 1 year. In this case for credit registration (2,5 %) you pay 600 леев. Then, for service of the credit of 3 % on the debt rest, taking into account that every month you pay on 2 thousand леев a debt:
1-month - 24000 х 3 % = 720леев
2-month - 22000 х 3 % = 660леев
3-month - 20000 х 3 % = 600 леев
4-month - 18000 х 3 % = 540 леев and so on.
Let\'s not result calculation up to the end, but in the sum for a year it will make 4680 леев. Even without commission and other payments, for you the price of a notorious house cinema will increase to 5280 леев (600 + 4680). And it, by the way, makes 22 % from the purchase sum. Just the annual interest rate under the usual consumer credit. Figures, of course, are taken approximate, but very close to the presents. So do not pursue advertising, do not plunge into debts. Remember: you take and spend another\'s money, and you give always the. In addition also you give much more, than took.