How to buy with installment payments and save your card limit?

If you are a person who loves to learn about financial products that increase their purchasing power and helps you acquire the items you want so much, this new feature is for you!

In today's text you will discover how to buy in installments without having to use your credit card limit.

Continue reading and find out more! See the index of this post below:

• What is an installment payment slip and how does it work?
• What are the benefits?
• Disadvantages
• What is the best way to use this payment method?
• Companies that accept installments for purchases on invoices
• Conclusion

What is an installment payment slip and how does it work?

THE installment payment slip is a payment method, with it, you can pay for your purchases in installments without having to have credit card.

Access to a credit card may be limited for some people, so they found in the installment payment slip the opportunity to purchase items and be able to buy in installments.

As a result, the his purchasing power increases and he can enjoy the advantages of this payment method.

Even those who have credit cards are opting for this product, mainly to save their credit limit or to be able to purchase other items, for example.

This product works as a financing, a financial institution takes on your debt and you pay it back in installments in meat.

Buy with installment payment slip It is still new to many consumers, however, more and more companies are offering this payment method, in fact, in this text you will learn about some of them.

After deciding which company you will request this service from, you need to send the invoice for your purchase to them, in which case they will make a credit analysis, if your analysis is approved, your bill will be paid in installments.

Payment is made in cash to the issuer of the bill, but you pay for your purchases in installments that fit your budget and don't affect your budget.

What are the benefits of purchasing with installment payments?

The unbanked benefit most from this product, especially those who do not have access to any line of credit but need to purchase some items.

Furthermore, it serves very well those who have a credit limit small that does not meet your needs.

If you need to save your card limit to use on other plans, this could certainly be a great option for you.

Buying with installment payments greatly increases people's purchasing power, even for those who do not have credit with traditional financial institutions, so it is a method that benefits many people.

What are the disadvantages of purchasing with an installment payment slip?

When we talk about financial products and services, we know very well what the most important factor is: interest rates.

The main disadvantage of this service is the interest rate, of course. Since these are companies that provide a type of credit to people who have no ties to them, this ends up weighing heavily on the total fees.

The company needs to have security in the operation, normally, it falls on the interest rate, since there is no guarantee of payment.

Because of this it is very important choose a company with the lowest interest rate and also have a control financial about expenses.

Finally, the last disadvantage is that when we pay for a purchase in installments, we are stuck with that debt for a certain amount of time.

However, if used correctly, these disadvantages will not weigh on your budget. See below for more details.

What is the best way to use the installment payment slip?

If you use this service correctly, it will indeed be advantageous, however, if you don't know how to use it, you could get into debt and harm your finances.

The first step to buy with installment payment slip The right way is to choose the best company. Look for an alternative with the lowest interest rates, which gives you more time to pay, and which also brings you some other advantage.

Once this is done, the next step is to perform a financial planning to see how much you can spend and how many times to divide it.

Think about the number and value of installments and see if you will be able to pay off this debt until the end.

Lastly, you need to research where you will be making your purchase so that you can take more items and pay less for them.

It is essential to change the way we relate to our money, one of the best ways to do this is by planning each consumption, especially when it involves some type of credit or installment financing. 

Companies that pay for purchases in installments using a bank slip

In this topic you will learn about 3 companies that offer this service. Check it out!

Provu (Legend) 

Provu is a banking correspondent that has been operating in Brazil since 2015. Among the main products that the fintech offers, we find installment bill.

With it, you can pay for your purchases in up to 24 installments. To buy, simply choose the items you want from partner stores and choose Provu Parcelado as your payment method.

Among the partner stores, we find:

• Worldwide;
• Electrolux;
• Polishop;
• Continental;
• Sweet & Serene;
• Delicate Intimate Fashion.

In fact, you can also take care of your health and your family and still pay with installment bill, because there are also companies in the healthcare sector that are partners of Provu.

VirtusPay

The second company option for buy with installment payment slip is VirtusPay. With it you can pay for your purchases in up to 15 installments.

To use this service, you first need to create an account, just like with Provu. To register, you will need to be over 18 years old, not have a negative credit history and have a valid email address.

The process is practically the same as the previous option, you can only make your purchases from partner companies, that is, those that accept VirtusPay as a form of payment.

After sending your invoice to the company and it is approved, you will need to pay the deposit. Only after the deposit has been paid will the store be authorized to send your order.

Among VirtusPay's partner stores, we find, for example:

• Bahia Houses;
• Amazon;
• Point;
• Submarine;
• Ricardo Electro;
• Extra;
• Carrefour;
• Americanas.com;
• Grain of People.

THE VirtusPay It is accepted in more stores as a means of payment, and there is also a great variety of brands and services.

In this case, you can invest in your career and pay for a professional course with the installment payment slip.

In addition, you can pay for hotel reservations, travel packages and renew your jewelry arsenal. You will certainly have greater freedom to purchase more items or services.

Yes

With Sim you can also pay your bills in installments, however, the service is a little different from the previous options.

The company gives you a limit to pay for purchases in installments worth a maximum of R$1,400,000. You can pay in up to 12 installments and start paying the first installment after 45 days.

One of the main advantages of Sim is the interest rate, as it is one of the lowest for this financial product, in this case, it is charged from 1.9% am

Conclusion

Is buying with a payment slip an alternative for those who don't have a credit card, want to save their credit limit or even take advantage of discounts on cash purchases?

Did you enjoy learning about this payment method? Don't forget to use it carefully and divide it into installments that fit your budget.