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Merchant cash advance direct lenders -Look at our merchant advance!

Look at our merchant advance!

The cash advance of the merchant is not a loan, it is rather a source of income anticipated by the number of sales by credit and debit card that your business will do in the future.

In a cash advance, your business agrees to pay the money daily or weekly using a fixed percentage of all the income it receives for credit and debit card payments. These payments are usually automatically withdrawn from your business bank account.

A cash advance is a quick way to obtain funds, since filling the application does not take much time and you can deposit the funds in at least two days. It is also ideal for new businesses, businesses with bad credit, businesses that have little or no guarantor, or that do not want to risk their assets to get fast money.

However, these amenities make cash advancement the most expensive financial option. The companies that provide these services measure their fees by factor rate and not by interest rate, and in order, they are the highest of all the financial options.

You should be aware that a very high factor rate can seriously hurt your flow of funds.

For this reason, you should only take a cash advance in case of a very urgent need and you know that you can pay the money in a short time.

The average time it takes to pay a cash advance is eight to nine months, but the minimum can last four months as long as it can last 18. That depends on how your business is doing during that time: if you earn a lot you pay more and get out of the faster loan and if you earn little you pay less.

Another disadvantage is that the cash advance is not regulated by the Federal government because it is not considered a loan, but a commercial transaction

Just like an interest rate, the factor rate measures the fee you have to pay to part of the money you already owe.

The Cash Advance should be seen as an emergency measure to inject capital into a business and should be accompanied with a good exit strategy, do you need free advice on this? click here to go on https://acfa-cashflow.com/ to start the process for a merchant cash advance.

Definition: What Is A Cash Advance?

A cash loan is a loan that is paid out to the borrower immediately in cash . Thus, the loan is the borrower directly at leisure. The modalities are similar to a installment loan. Consumers should compare and test the interest rate and repayment modalities before applying. The proximity to the credit line is explained by the simple access to the credit approval. The cash advance is often granted by banks with appropriate creditworthiness immediately upon opening an account. The sum with which the account is covered is a cash advance. This cash advance is usually linked to a very high interest rate .

In addition to house banks , online banks , private financiers and other credit intermediaries also offer online cash advances. The prerequisite is a creditworthiness of the consumer oriented to the requirements of the lender.

 

The unique selling point of the cash loan is the cash payment

cash loan payment

For example, customers who do not want to apply for or withdraw their credit at the bank branch can get the cash from the postman.

Another variant of the cash loan is the so-called quick loan . This loan is often offered by Swiss banks or private investors. Here, the term cash advance is synonymous with the loan with quick payout , because usually the payment is made to the bank account. The third variant is the credit line . This is about expanding the chart of accounts. Customers have the opportunity to spend more money with an appropriate credit line than they have on their account. Here, too, one speaks of a cash advance, because at the cash machine the consumer additional money is provided as credit.

 

What are the requirements and conditions of a cash loan?

cash loan

Anyone wishing to take out a loan from a German bank must fulfill a few conditions and conditions.

These include, among others

  • the age of the applicant,
  • Home,
  • an income and
  • a permanent employment relationship or appropriate tax records for self-employed.

In Germany, only persons who have reached the age of 18 can get a loan. Many banks have also set an upper age limit. For example, loans to retirees and senior citizens are hardly ever awarded. These persons also switch to a cash advance if necessary. Another requirement for a loan is a permanent residence in Germany. If the income is not enough to serve the loan without difficulty, it is also problematic to receive a cash advance. It also checks the type and duration of the employment relationship before approving a loan. Loans interested in a fixed-term contract or workers who are still in the probationary period have little chance of obtaining a loan from a German bank. If a negative entry is added to the SCHUFA, interested parties do not need to submit an application because in most cases it will not be approved without adequate collateral.

 

Take an online cash advance

Take an online cash advance

Another option to take an online cash advance are state-regulated small loans from online providers. Here, too, interested people must have a main residence in Germany and have a fixed income. The amount of income should be at least 500 euros. Even students or the unemployed easily reach this amount. This is the first hurdle for many loan seekers. The second hurdle is for many loan seekers an entry in the SCHUFA. Unlike other lenders, CP Finance makes differences here. Due to short maturities, CP Finance can adjust the policies used by banks and also provide loans to medium credit clients.

An alternative is the so-called Swiss Credit. Interested parties must have been permanently employed for at least twelve months and have a permanent address in Germany. The minimum age is set here to 18 years. The interest and the repayments depend on the loan amount. With the Swiss loan a registration in the SCHUFA does not matter. If you are interested in a Swiss loan, you should look closely at the modalities and the interest rates. As a rule, interest rates are very high.

 

What are the advantages and disadvantages of a cash loan?

What are the advantages and disadvantages of a cash loan?

Cash advances are often used for short-term bottlenecks. The amounts are usually between 250 euros and 500 euros . Interesting are these loans, if the term is very short. With that, the bank gets its money back quickly and customers can fulfill their little wishes along the way. This can be holidays as well as wedding dresses, a new computer or a used car. With short maturities, the rates are small and the interest rates are favorable. Exactly this combination makes this loan so interesting. The situation is different when the loan is used as a credit line. In that case, interest rates are so high that low-income consumers find it difficult to get out of the dispo trap. In such a case, it is much better to arrange a loan with the house bank in order to replace the disposition. With the cash advance, the installments are manageable and can be easily compensated.

 

For whom is a cash loan suitable?

For whom is a cash loan suitable?

The Bardarlehen is intended primarily for short-term assignments. Short-term requests or necessary purchases can also be made in the event of financial bottlenecks. Anyone who knows exactly that they can balance their credit within a very short time can also use it as a dispo. Who plans to repay a longer period, should look for a reputable provider. It is important that consumers pay attention to interest and payment. The Internet offers numerous loan comparisons to help consumers find a cheap loan that fits their financial needs.

Apply for the loan online The request for the loan takes only a few minutes. Fast credit decision Thanks to a digital loan application, the loan can be approved without delay. Immediate withdrawal Thanks to the express option, the loan can be transferred directly to the account on request.

If you need short term money to bridge a financial bottleneck or pay a certain bill on time, make the right choice with a mini loan from CP Finance. The provider works reputable, fast and reliable, so you receive the feedback and possibly also the payment on the day of your request. A bank loan is recommended due to the many disadvantages nowadays only for large investments.

A loan to undertake your Business

Use the Businessbar loan to undertake. Small guide to start your own project and the money needed to start it.

Starting a business is not an easy task, but it is not impossible either. Do you have a project filed in a drawer? Maybe it’s time to dust it off and get to work. You may also need to generate more work or want to become your own boss. In any case, having an initial amount of money, such as a Businessbar loan to undertake, is essential to start and start spinning the wheel.

Businessbar loan to undertake may be the best kick to boost your entrepreneurship

Personal Payday loan to undertake may be the best kick to boost your entrepreneurship

Businessbar loan to undertake may be the best kick to boost your entrepreneurship. Ideally, you can get this advance quickly; that the amount of weights suits your needs and possibilities of return; and that you can use it for what suits you. This silver could be used to buy raw material or merchandise; reform your home or premises; study or specialize to provide a new service; or what you consider most important to start, according to your business plan or your idea.

Drawing a plan is substantial

money

1- I defined concrete goals. It will help you ask yourself questions like: what are you embarking on this project for? What do you want to get? What are the short and long term objectives?
2- Plan a strategy. It is time to identify the main activities of your plan, oriented to the goals you set.
3- Specify roles or contacts. If you work with a team or group of people, assign tasks and responsibilities. Or make a list of all the contacts that will be part of the project.
4- Assign resources. Prepare budgets for the investment of your money.
5- Get going. To start you just need to take the first step!
6- I measured success. What do you consider a triumph in your venture? Quantify each achievement and set project milestones. Each time you reach one, review and assess what you have achieved or rethink what is needed.

Do you want to undertake but do not know what to do? Can’t you think of ideas? Attention!

Comfort zone
Move from your comfort zone. From a place of comfort there is no motivation or incentive to create something extraordinary. I left there, changed perspective, stimulate your creativity and your genius!

Skills and needs
Identify your skills and find a need to satisfy. What are you good at? What do people in your neighborhood / office / city need? It is important to expand your vision and analyze the most viable proposals, which are consistent with your skills but also with the demands of the market.

Education and creativity

Education and creativity

Get informed, study, review courses on the Internet, trends in social networks … Everything can be used to enrich you and awaken new ideas! Think about differentiating yourself, innovating and being creative to stand out with your project.

If you need a Businessbar loan to start your business, I can give you up to $ 20,000. Go to the Businessbar website or download the app and see how much I can lend you and the conditions to return the money. My advancement has the advantage that it is fast and online, without paperwork or paperwork. You request it in a few clicks and in minutes you receive approval. If everything is ok, I deposit the money on the spot in your bank account. This is how you solve the first of the challenges when it comes to undertaking: get financing! Ask me and on the day I have the cash for your first purchases or investments.

The requirements? Be over 18, have a photo of the ID, some type of deposit and a bank account in your name. More advantages? Do not apply – for months – in the bank for a loan. You do not have to explain what the loan is for. So, if you comply with me, you can always ask me again when you need it. Businessbar gives you a hand (and lots of weights) to undertake!

Payroll Loan 30% for Retirees

 

 

 

With the INSS payroll loan, retirees and pensioners can use a margin of 30% of the income to commit to direct deduction credit on the INSS benefit. Since the Payroll was launched, the CNPS (National Social Security Council) has taken a number of important decisions to conduct operations in the best possible way.

This time, the CNPS decided that all beneficiaries and insured persons of INSS (National Institute of National Insurance) have the right to use up to 30% of the margin for consignment of the discounts of installments in the income received in the pensions and pensions arising from transactions made through payroll loan .

The payroll loan for retirees, pensioners and beneficiaries of the INSS offers excellent conditions and advantages and one of the best interest rates in the financial segment, is very attractive, the operation is also one of the most uncomplicated for concession. Some sectors call the Generic Payroll Credit operation.

 

What types of loans and loans to beneficiaries

 

What types of loans and loans to beneficiaries

 

The INSS beneficiaries now have some options for acquiring a cash loan or plastic credit.

1 -) They can make the consigned loan in the sheet , solicitation of money;
2 -) They can obtain consigned credit card, 10% of the margin;
3 -) They can make the direct loan in the bank where they receive the benefit;
5 -) They can make the loan in any bank or financial in Brazil;
6 -) You do not need to be an account holder to apply for the payroll loan ;
7 -) The payroll is made with discounted in the current account (banking maneuver);
8 -) The loan can be made by relatives or friends of the insured of the INSS (power of attorney).

It is not just the retail banks that can offer this mode of credit. In all, there are more than 57 banks, associations and credit unions authorized by the INSS that are operating with payroll, interest rates are limited to 2.34% per month.

The major national banks announced a reduction in the “interest rate of the INSS payroll loan” in recent months, in Banco do Brasil, the payroll is offered with interest from 0.79% per month, in the Federal Savings Bank interest starts at 0.75% to 1.77% per month, at Itaú, ranging from 0.89% to 2.2%, and Bradesco from 0.90% to 0.79% per month. The payroll loan rates at the BMG bank are also attractive, worth checking out.

 

Most attractive rates

 

Most attractive rates

 

Payroll loans are lines of credit whose installments are directly discounted from the payroll of the contractors. Therefore, the risk of delinquency in the operation is much lower, with the result that financial institutions charge lower interest rates in relation to the other interest rates practiced in the market in traditional personal credit lines.

Note : During the 15 months that the INSS beneficiaries could only commit up to 20% of the allowable margin on the traditional payroll loan, there was migration to more expensive credit options and bank financing. This new possibility of committing a margin of 30% of the income for the granting of Payroll Loans will help the retiree and the pensioner take this extra financial resource to make the discharge of more expensive debts.

 

Credit Card Consignment for Retired

 

Credit Card Consignment for Retired

 

Although available to the retiree of the INSS, they do not have the custom of using the “Credit Card Consigned”. Before there was a limitation and there was no possibility of withdrawing cash, the Card had to be used directly in the stores, such as a conventional Credit Card, now the INSS beneficiary can also withdraw the money from the account and use where it is well understand and pay in installments or the invoice total.

3 Steps to Completing a Bad Credit Card

 

One of the financial problems that is often encountered is the problem of debt with the bank. Many people who are looking for ways to settle bad credit cards. Credit card debt is often a double-edged sword, on the one hand making credit card payments can help you pay off a lighter and cheaper product. Even so, on the other hand credit card debt can actually trap you into a problem that doesn’t end, so the card owner must find a way to resolve bad credit.

To solve this problem, there are several ways you can do it. Check out more on the following points:

Calculate the total arrears and adjust payment priority

Calculate the total arrears and adjust payment priority

The first thing to do is to collect all the bills that have been sent to you. Try to calculate how many bills you still haven’t paid. Do not forget to also see how much interest is charged on each bill and how long the credit card debt has not been paid. After knowing the total arrears, try to pay attention to which arrears are subject to greater interest. Try to settle debt with greater interest first. If you have some credit card debt, you can start paying with a minimum payment first. Although paying with a minimum payment does not help you get rid of debt faster , at least you can buy time to pay off.

Following is an example of the calculation: just assume your monthly income is IDR 5,000,000 and you allocate funds of IDR 3,000 to pay the debt. Based on the credit card you have here is the minimum payment required by the issuing bank:

  1. Minimum first card payment: IDR 800,000 with an interest rate of 3.25%
  2. Payment of a minimum second card: IDR 700,000 with an interest rate of 3%
  3. Minimum payment of the third card: IDR 500,000 with an interest rate of 2.75%

From the information above, it can be seen that the total payment of your card is IDR 2,000,000. The rest of the money that you still have is IDR 3,000,000 – you must use it to add credit card payments with the largest interest rates, in this case means the first card. So, the total you pay for the first card is IDR 800,000 + IDR 1,000,000, which is IDR 1,800,000. And so on, until your debt in the long term can be repaid.

 

Increase Income and Cut Expenditures

 

Increase Income and Cut Expenditures

 

Furthermore, you also still have to take strategic steps to settle bad credit cards. Steps that you can do in the form of seeking additional income and reducing expenses. When you want to increase income, you can take advantage of opportunities that are around. You can start becoming a UBER driver partner , selling items through e-commerce sites , utilizing homes to increase income , and many other ways you can get on Agnes Wickfield’s blog .

On the other hand, if you want to cut expenses, you can start trimming your daily expenses. Try to start looking for alternative routes or transportation that are considered cheaper to go to the office. Other ways, for example, by shopping at the market rather than having to be in a supermarket, even if you want to shop at the supermarket, use ways that make your total expenditure more economical . Always looking for loopholes in order to cut expenses so that the remaining money can be directly allocated to settle bad credit cards.

 

Requesting assistance from experienced parties

 

Requesting assistance from experienced parties

The way to pay off a credit card that must be done is to take advantage of assistance from experienced parties so that the debt gets lighter. Even though you have already made large-scale savings and received family assistance, debt, you will not be lighter if you do not use a relief program. A relief program that you can get for example a one-time discount, a low interest installment and an extended tenor, and a combination of both. You can now work on a debt management program service company to help you cut total debt.

 

So, all the savings you make and help from the family to pay off your debt can be allocated to directly pay the debt in 1x pay which is usually lighter. Providers of professional debt management programs usually have good connections with the bank. They are able to help you strategize in deciding which debt must be repaid in advance as well as how to pay what to do. To determine the best strategy in negotiating debt so that you can get relief that suits your financial conditions, more experience & knowledge is needed. Not everyone is able to negotiate their debt and get results that are in accordance with their ability to pay. Therefore, we strongly recommend that you use trusted negotiation services in order to successfully obtain the appropriate waivers while saving more time and saving more money. So you can pay off credit card debt faster.

 

Using a professional debt management service company means that you get a solution in the form of negotiating debt and education to be able to take advantage of situations such as increasing income or reducing expenses. One of the debt settlement service companies that you can use for example is Agnes Wickfield.

Agnes Wickfield international is the first technology-based professional services company in Indonesia, which provides a debt management program. This program is designed so that consumers who are in debt, have the ability to control their finances again. Agnes Wickfield Indonesia helps clients through a debt management program, specifically designed to suit different needs for each client. This program is a combination of education on various opportunities to increase income and reduce expenditure, as well as conduct negotiation processes on existing bank debt requirements to reach the amount of payment that is in accordance with the ability. Agnes Wickfield Indonesia headquarters was established in Jakarta in 2015 by a founding team that has collective experience in the financial sector including debt settlement for more than two decades. Agnes Wickfield made Indonesia as the center of operations as well as a blueprint for the company’s development plan to other ASEAN countries. Since July 2016, Agnes Wickfield Indonesia has become the first company in Asia to be accredited by the International Association of Professional Debt Arbitrators (IAPDA).

Commercial Lending And Payday Loans: What Are The Differences?

 

Lines of commercial credit and commercial loans. Every business starts with big dreams, these dreams usually need to be fed by money and this money almost always has to be financed by small or large amounts of money, either through personal credit, loans or private or private financing.

Whether you are a business owner who manages a small business or is a mid-sized business entrepreneur struggling to become great, no matter, a specificity the two have in common, can access commercial loans and commercial lines of credit to start or expand their Business.

Here at the Loan Portal we have talked a lot about everything about microcredits and loans to companies, this is a way we have to help you find them, sign up for your applications, websites and online lending platforms and get more terms and conditions of interest low

Commercial credit and commercial loan lines

 

It seems to be foolish but knowing the difference between a commercial loan and commercial lines of credit is essentially important for the entrepreneur or entrepreneur to distinguish in which they can rely on when they need to capture credit and working capital to move their company on the mission of growing and expand.

How will you fund the launch of a product of your company ? How will you pay the fixed accounts and the thirteenth salary of the employees at the end of the year? And the holidays start each year? If you have the financial resources left over, touching the business is by far the easy way out.

It is worth mentioning that most new businesses must borrow money, seek outside investors or both to meet their money financing and working capital needs. Weigh the potential risks and benefits of each approach carefully before placing your own equity, issuing equity or taking on long debts.

The typical sources of commercial loans and commercial credit lines range from formal to informal to institutional, in Brazil today there are plenty of alternatives to getting money for companies and starting new businesses.

 

Listed below are four differences between credit lines and commercial loans:

 

1. Access to funds and financial resources

1. Access to funds and financial resources

 

With a commercial loan, the funds are paid as a single deposit of the amount into your account once completed. With a business credit line, you can access the funds as needed, up to a predetermined amount, pay the balance and re-use the funds again as needed, all without having to reapply or make new and new requests.

 

2. Use of funds and credit released

 

2. Use of funds and credit released

A business loan is a single cash infusion for a fixed amount and usually for a specific purpose, such as buying a vehicle, acquiring machinery or renovating a place. Loans generally have fixed terms of 12 to 72 months or more, depending on the type of loan and the lender.

A line of business credit is a revolving credit option in which funds can be used for most business opportunities, such as paying continuous inventory, payroll, seasonal expenses or unexpected business opportunities.

3. Interest rates and conditions

3. Interest rates and conditions

With commercial loans, the interest rate are usually fixed, but variable rate loans are also widely available in the credit market.

With a business credit line for business, the interest rate is variable and is calculated as a margin added to a specific interest rate, but it is clear that just like the loans, in many lines of credit the interest and conditions are different by a number of factors.

4. Deadlines and monthly payments

 

With commercial loans applying fixed interest rates, the monthly payments are fixed amount and begin to be counted when the contract is signed and the funds are released into the account of the contractor. These monthly payments are predictable and continuous until the loan paid in full (settled).

With a line of credit, the monthly payments are based on the variable interest rate and the amount you lend and depending on the line that term may have shortage to start the repayment payments and are short, medium and long term.

Need Loan or Commercial Lines of Credit?

Need Loan or Commercial Lines of Credit?

Is your company in need of a loan? Access to Rapidoo online factoring, the anticipated P & L receivables, the advance credit for companies and anticipation of receivables, the ISF credit-oriented – how does it work and how do? You can also have benefits with credit unions with special loans, also access here the portal the page on online alternatives of lending platforms for companies

All these companies analyze the risks of the creditor, in addition to the debtor, to offer more attractive rates and even with problems in the protection organs do not prevent the release of resources.

Other alternatives to obtain financing, working capital and credit for companies with differentiated facilities are found in platforms such as:

  • Nexoos – Peer to Peer Lending for businesses
  • Kavod lending – online and corporate loan for companies
  • Tutudigital – peer-to-peer loan P2P for small businesses
  • FINEP – credit programs for medium and small enterprises
  • BancaClub – loans for entrepreneurs P2P (peer to peer)
  • Mutual – loan for people and for investors
  • Biva – commercial loan for new companies

And businessman and wants to take personal loan but is restricted or is negative, it is worth comparing in Simplic, MoneyMan, Lendico, Geru, Creditas, Crefisa Digital and also in Credisfera.

Good luck!

Welcoming the New Year with Financial Independence

Starting a new year with a new start, why not? Take the opportunity at the end of this year so that you have the opportunity to start a new start, one of the important steps you can take for example by paying off the remaining credit card / KTA debt that is still arrears to escape debt.

Take advantage of THR and End of Year Bonuses

 Take advantage of THR and End of Year Bonuses

In order for you to welcome the new year with financial independence, you can use THR and year-end bonuses to pay the remaining arrears. You can use at least 30% of the total bonus you get, the rest can be saved or used for other purposes. However, if you do have a bigger arrears, then don’t hesitate to use this extra money to pay off your debt. Usually banks have relief programs that can help you pay off your remaining credit card and KTA debt. (Also read: THR Can Help You Get Out of Debt Problems)

Types of Relief Offered by Banks to Pay Off Debt

 Types of Relief Offered by Banks to Pay Off Debt

If you still find it difficult to pay off the remaining credit card / KTA debt, You can take advantage of bank relief programs. The waiver program in the form of credit restructuring can allow you to get a discount from the remaining obligations that must be paid. The relief program that you can get is the discount: 1x discount, low interest installments and extended tenors, and a combination of the two programs. Of course with the relief program, the remaining debt becomes less and is more easily repaid with the THR and year-end bonuses. (Read More: Get to know 3 types of bank programs that can ease your burden)

Faster Free from Debt Snares with a One-Time Discount Discount

 Faster Free from Debt Snares with a One-Time Discount Discount

 

If you want to pay off your debt faster, you can use a one-time discount discount program. Considering that you can be freed faster, it means that you also have to prepare more funds to be able to pay in one time to pay off the debt immediately. Therefore, use THR and year-end bonuses that are already in your hands to be directly used to pay off debts. Another advantage that you can get is that you can immediately be free from the disruption of debt collectors and feel more calm because the debt has disappeared.

 

How To Get A Lightening Program?

 

How To Get A Lightening Program?

 

You can use negotiation services that are experienced and trusted. Usually negotiating services have a good connection with the bank so that your chances of getting more cuts are also greater. In addition, the negotiation services are also equipped with more experienced consultants. Consultants in negotiation services can give advice about what type of relief program you are better off taking to get rid of debt faster with cuts and programs that are suitable for your financial condition.

Of course, it is necessary to be aware of fraudulent negotiation services like this, and it is necessary to be diligent in order to use trusted credit card / KTA debt negotiation services.

After knowing how to take it to welcome the new year with financial independence, you should be looking forward to taking this opportunity, right? Let’s get ready to start a new year with a new start and be free of debt now!

 

Get to know Productive Debt and Consumptive Debt

 

 

What is your first impression when you hear the word ‘debt’? Not infrequently people immediately give bad connotations, debt is always synonymous with something harmful, making people wasteful, something that ensnares humans in a vicious circle and can never be free. But you know, that debt is not always bad. If used more wisely, debt can actually be the first step that leads you to be more successful with the income earned, the debt is referred to as productive debt. Whereas, if all this time you have assumed that debt is bad because it makes people become so-called debts as consumptive debt. To find out more, let’s discuss the difference between productive debt and consumer debt:

Productive Debt

Utang untuk mengembangkan bisnis This debt means debt whose value always grows over time. This type of debt helps you to make money and help to invest. This debt is usually used to meet needs and not for mere fun. Examples of this type of debt, for example, make payments online to take online certification / online courses using a credit card, buy property with a mortgage loan, or apply for loans to banks in the form of KTA to develop a business. (Read also: Want to Use Bank Loans to Grow Your Business?).

All debts mentioned above can be used as investments, right? When you do a property loan, when the unit is ready you can rent it to someone else, or resell it. Another case when applying for a KTA loan, when your business is more developed, the coffers can increase again.

 

Debt Consumptive

Debt Consumptive

As with productive debt, this debt is precisely the type of debt whose value decreases over time, because there is no value that can help you make money. The nature of this debt is more wasteful because it is used only for pleasure and desire. This debt can usually also arise due to peer pressure that requires someone to follow a certain lifestyle, so that they inevitably also have to shop for goods / services that are not really needed. For example, someone who buys a new smartphone because all of his friends have bought a new type out, even though the smartphone he has can still be used. There is no value that can grow from the purchase of the smartphone if its features cannot be used to increase income.

 

How about this?

 

For example, a graphic designer decided to buy a MacBook for 20 million rupiah with a credit card to support his work. He considers the features and specifications in the MacBook can make it more productive, increase income through freelance projects, and make it easier to make high-resolution images. Does it include productive or consumptive debt? Of course productive, because even if you buy with a credit card, he can generate more income and according to his needs.

There is one more case, for example, an accountant bought this MacBook. Utang untuk menunjang pekerjaan Anda Is it immediately considered a consumptive debt? Not necessarily. It could be, he is an accountant who also has talent in the field of design, then the MacBook can be used for side jobs as a freelance designer, and can also be used to support his main work by installing accounting software . Of course the debt is directly calculated as productive debt. Another case if he only uses it to watch movies or just browsing . Of course there is no added value from the object, if this happens then the installments that are currently running automatically turn into debt that is consumptive.

Ways to Avoid Consumptive Debt

Ways to Avoid Consumptive Debt

Of course you don’t want to get into this type of debt, right? People who have productive debt usually have additional income to pay the remaining debt installments. Whereas those who have consumptive debt tend to be more risky of being entangled in mounting debt deposits. Therefore, think first about what benefits can be obtained from goods / services before buying it. One thing that should not be missed is to see whether the item is written in the monthly budget, and the installment payment has already been calculated. Keep in mind that if you are unable to pay off a consumptive debt, you can get entangled and chased with soaring bills. So make sure every time you buy something, take into account carefully. (Read also: Using a Credit Card with More Precise). Instead of having to waste money to spree, it would be better if you save it, right? (Read also: Solutions for Frequent Spree and Little Savings).

Now you already understand the difference between the two, right? In conclusion, only you can determine the value of the goods / services you buy, if their use is not used properly and can provide more income, it certainly turns into something consumptive. If you can turn it into a field of income, it will turn into something productive. Don’t get caught up in consumptive debt! (Also read: This is the One Who Must Do When Debt )

 

Apply For Mortgage. 8 Important Questions before Hiring | Loans

 

 

Are you getting ready to buy a new home or apartment and apply for a mortgage? To avoid surprises at the time of purchase and when choosing the type of financing and also the lender who will make the entire mortgage process, it is best to make sure you get the best deal before closing any deal.

Search, simulate, and make comparisons okay, but to take out a mortgage with a home equity loan, we listed ten simple but key questions to be able to send your mortgage application and have no problems later with the transaction.

 

1. What is the interest rate to apply for mortgage?

 

1. What is the interest rate to apply for mortgage?

The simulation is for this, ask for an estimate of the actual interest that will be applied on your mortgage loan, this includes the annual interest rate, plus information about taxes and other charges that complete the total amount (CET) you will pay when you apply mortgage for your property. The interest charged is around 1.15% onwards.

2. Commission on origination, will I pay?

2. Commission on origination, will I pay?

Some credit companies that do the loan intermediation, mortgages and financing, may charge an origination fee, a kind of commission on the total amount of the loan released, the normal is the bank to make that transfer, but there are cases where the amount is added to the amount requested and passed on to the mortgage contractor, for example: if you take out a mortgage of R $ 378,000 and must agree to pay a percentage to the intermediary, suppose it is 1 percentage point, in which case it would be equivalent to a R $ 3,780 reais.

Divide the loan amount by 100 to calculate 1 percent. Home commissions are fees charged by the lender to cover the costs of originating the loan to a bank or financial institution, it may be that you have another name where you apply for your mortgage .

3. Is there a penalty for early repayment of the loan?

3. Is there a penalty for early repayment of the loan?

Some lenders will apply a penalty if you pay the loan in advance or the mortgage before the stipulated term for minimum payment of installments, eg: 6 months, 12 months, etc. Some apply the penalty only when you try to refinance, or try to reduce the principal’s balance or try to make the portability of credit to lower the current interest.

Ask your lender or read the agreement to find out more details about possible fines and see if it will give you a lower interest rate when refinancing when you can, or if you choose to take out or make a mortgage portability you will lose the interest discount, or that you have to pay some kind of fine or extra fee.

4. What is the minimum amount needed to get this loan?

4. What is the minimum amount needed to get this loan?

A higher monthly installment payment, medium or short term, can mean a higher or lower interest rate, or better conditions to acquire a mortgage. On the other hand, an initial down payment is likely to require you to get a mortgage with a longer term. In some cases you will have to take out insurance for the mortgage, and this will increase by a few hundred reais your monthly payment.

Currently each bank stipulates the minimum amount to approve a mortgage loan, we have seen some online companies that start with a minimum amount of R $ 30 thousand reais and up to 240 months to pay the mortgage, the form of interest collection and combined with the lender .

5. What are the requirements to make the mortgage?

5. What are the requirements to make the mortgage?

Ask the lender if there are any requirements that you have to meet in relation to your income, current employment, assets, liabilities, in addition to credit history, score or be negative or not at SPC and Serasa. Some programs to finance the purchase of real estate with mortgages, especially by the government, are usually less demanding and have less strict terms.

6. What documents should I provide on a mortgage?

6. What documents should I provide on a mortgage?

Mortgages that offer mortgages, such as Cash Loan with Property Assurance, generally require proof of income, bank statements, income tax or tax returns and documents without burden of the property when done the refinancing of property with mortgage.

Everything will depend on the lender, in case sporadic it is necessary to present specific documents and verifiers, but this is at the time of analysis for approval.

7. How long does it take to review a mortgage application?

7. How long does it take to review a mortgage application?

Once again it will depend on how efficient the lender is and how organized the requested documentation that you submitted at the time of the mortgage application is, usually the term can take anywhere from two weeks to 45 days or more.

In this mortgage application process, there is no need to hurry, you have to be patient and send all the requested documents as soon as possible to speed up the process of approval and release of the requested credit.

8. What could cause my mortgage to disapprove?

8. What could cause my mortgage to disapprove?

  • Recent Job Change
  • Reduction of salary in recent months
  • Debt that compromises income
  • No minimum proof of monthly income
  • Change in credit history or score
  • Change in marital status (divorce)

To Apply For Mortgage!?

To Apply For Mortgage!?

Many facts can delay or cause disapproval when applying for a mortgage. The best way to avoid problems of analysis and approval is to put your financial life into an eligible standard at the time of applying for funding.

Bank and Financial Refinancing } Debt Consolidation

 

Want to know how the bank refinance works? What is it, understand its rules and conditions, and if it really pays to do? So keep reading the text that will clarify for you the main doubts when it comes to refinancing ! This financial credit option is when the client places the property or vehicle as collateral to get a personal loan or business loan.

Other than the loan limit and the payroll limit, in these cases, it is not necessary to sell the house or car to get the money lent. In practice, it is a much easier and less bureaucratic financial transaction than secured home or vehicle loan.

Refinancing the bank to owning real estate, is also known as mortgage. This credit condition is a proposal that can be thought of just when you have a big debt and are paying high interest and get rid of it as soon as possible. In bank refinancing, the repayment period for repayment is long, up to 20 years and interest is lower, starting at 1.15%.

 

Refinancing the Bank with Property or car is good?

 

Refinancing the Bank with Property or car is good?

To be approved when applying for a mortgage or bank refinancing giving property or car as collateral, think of the following. Can you lose your home or your car? Well, if you can not pay the installments you promised to pay – finish. Otherwise, there is no reason to fear. Therefore, before choosing for this financial product, reassess your conditions and if indeed you will be able to afford the installments for a long period. As previously mentioned, refinancing is valid for people who need money urgently and for things they consider important.

What are the conditions of bank refinancing?

What are the conditions of bank refinancing?

Did you know that in the United States this practice is so common that even families make an extra income by putting your property as collateral? Here in Brazil, with the crisis increasing, and with banks a little more suspicious due to a variable economy, the refinancing has increased considerably.

And experts say that this is a cheaper option for those who are definitely in the red, that snowball effect on family finances, and urgently needs money, precisely because the payment time is higher and the interest cheaper. Some of the banks that perform this modality are:

Santander Refinancing
Itaú Refinancing
Bradesco Refinancing
Cash Refinancing
Bank of Brazil Refinancing

Before choosing which you will choose to know the rules, payment methods, extra costs and interest rate well.

Know the rules of each bank to do the refinancing

Know the rules of each bank to do the refinancing

Before opting to refinance your bank x or y (loan as collateral), evaluate at least three creditors to actually get total interest rates closer to the minimum. Otherwise, you can opt for the payday loan with lower interest rates. Know the rules, terms and conditions of each bank you can. Many provide online refinance simulation surveys, in which you can already have a basis for the portion amount or the total outstanding balance.

In general, in order to contract a refinancing in the banks and financial institutions, it is requested that the property and the vehicle be in the name of the applicant, and that they have no financial problems. In addition, in the case of the vehicle, it is only evaluated depending on its year, more than five years of use – forget it!

Homes also, depending on the rules, will be evaluated only those that are worth from 70 thousand, but of course, these rules can vary greatly from each financial institution. Of course, the client must have or open an account with the bank that will be refinancing.

Interest rates on refinancing in banks

Interest rates on refinancing in banks

Usually banks offer a smaller interest line when compared to other types of loans. Just because he has the property, car or as collateral if he does not pay the debt. The monthly interest rate ranges from 1.15% to 1.75%. To get an idea, one compared to the monthly interest of a personal loan, is from 4.14% to 25.08%, of course according to each bank or financial.

The operation has several costs built-in, and with Total Effective Cost (CET), you know the amount of interest applied, inspection fees, documentation, insurance and any charges and taxes.

 

Care at the time of refinancing

 

Care at the time of refinancing

 

Refinancing real estate and vehicle in banks or financial institutions has grown in the middle of the crisis, always evaluate if it is the best option for your financial moment, especially if you are in a job not very stable. Making a candid assessment whether it is worth it or not to hire a refinance from the bank of your preference can get you out of future trouble.