Month: May 2019

5 ways to not get out of debt today

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Who wants to end debts thinks high – I want! Sometimes it is a lack of planning that makes us sabotage our own efforts, while at other times bad habits lead us to unnecessary spending. In any case, it is not always easy to change the routine. Especially when you do not recognize what is causing the problem.

If you are doing your projects but in practice, your financial gains are not going as planned, it is possible that the way you handle the money is not right. And I go further, maybe you are the source of your money problems yourself. But be calm, this is more common than it seems.

There are dozens of things that people do to get out of the vicious circle of debt. To tell you the truth, there are people who do not live without contracting a debt and preferably in installments. As you read the article you can see that we highlight the ways in which we sabotage ourselves and our finances every day by creating more chances of not ending debt:

# 1 – Trying to compare yourself to neighbors and friends

# 1 - Trying to compare yourself to neighbors and friends

Having friends with a good financial condition is often synonymous with alert because this can become a big problem to control your finances. If you try to accompany them on your expenses when your income does not allow you such luxuries, you will get into debt and fall into an endless circle that can cause a lot of stress, frustration and ultimately regret and financial bankruptcy.

When it comes to money, or you have, or do not have, try not to compare yourself to others or buy what they buy. Do the best you can according to what your budget allows, you may not live with many luxuries but will certainly live quieter and better.

And, let’s be honest: there is a good chance your friends will not be able to pay for their lifestyle and they will be struggling to get out of debt just like you. So get out of this dispute for no purpose at all.

# 2 – Using Debt as an Extension of Your Income

# 2 - Using Debt as an Extension of Your Income

While many people think of debt as a very negative thing, it is possible to use it responsibly. Most of us need to borrow money to buy a home or a reliable car, otherwise these purchases become almost impossible.

But debt becomes a problem when you use it without thinking. If you use credit cards to buy things you do not need and can not afford, you may end up throwing hundreds – or even thousands – of real interest payments, down the drain, every year.

Instead of using debt as an extension of your income, use it in moderation – and when you really need it. By avoiding useless credit card debt and the bills that come with it, you can save and profit a lot from this by keeping more money in your bank account.

# 3 – Buying without responsibility

# 3 - Buying without responsibility

Prices can vary too much from one thing to another, from monthly subscriptions for products and services, insurance, clothing, to groceries and cars. If you are not in the habit of researching the best price when making your purchases, I have bad news to give you: you will hardly have money left over and you will always be in debt.

Compare prices to end debts

Compare prices to end debts

While some expensive purchases require weeks of research, day-to-day shopping should not be neglected, strive to do good business, even on little things. Luckily today technology is in our favor, so you can compare prices for most consumer goods online, and very easily. So there are no more excuses for you to stay in the red. It is possible to start changing your habits.

Whatever purchases you make, make sure you compare prices with at least three competing companies. That way, you will not end up paying more than you should without even knowing.

# 4 – Negotiate new car every year

# 4 - Negotiate new car every year

As of the first quarter of this year, surveys pointed out that the average loan repayment for the new car purchase was R $ 506.00 per month and 68 months duration. With such statistics hovering over our heads, it is no wonder that many of us are struggling with debt and living to work.

If you are thinking of trading your car, pick up another newer one… Stop! Calm down then. It may not be the right time for this. Consider keeping your car for a few more years, worry about taking it off, enjoying it for a while without debt.. the feeling is great. Once you no longer have the monthly financing commitment, then you can start thinking about buying a newer car. It may sound silly but I assure you it is the best option.

Just think about how much money you could save if you were not paying R $ 300 to R $ 600 a month more on this whole joke. It works great to put the numbers on the tip of the pencil because it makes us think and helps us make wiser decisions.

# 5 – Paying Minimum Credit Card Balance

# 5 - Paying Minimum Credit Card Balance

Raising credit card debt with today’s high interest rates is already pretty bad. Now falling into the trap of paying the Minimum is an absolute disaster.

A family with a balance of $ 10,000 on a card with an 18% margin and paying only $ 200 a month (the minimum) would take more than seven and a half years to pay for everything. Worse, they would pay $ 8,622 in interest on the lawsuit.

How to end debts!?

If you are pushing your debts with your belly and you have fallen into the trap of minimum payments, I must tell you that you are only postponing the disaster. Face your debts head on, it may be difficult at first but the sooner you do, the faster you can get out of them.

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Repayment Loan For Everything

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Non-bank loan available immediately

Non-bank loan available immediately

Repayment Loan is a unique non-bank product that is available not only through Internet request but also through a mobile phone. A loan with which a credit limit of up to CZK 12,000 is attached. Both single repayment and gradual monthly payments can be used.

You can have money on your bank account today, which is not only influenced by the simplicity of the application, but also by the speed of the approval process and the payment of money. With the settlement of the Repayment loan, there is only a single fee of 20%.

Installment Table Small Mortgage

Installment Table Small Mortgage

Loan Amount Repayment period Minimum installment Drawing fee APR * Total *
1.000 Kč within 3 months 400 CZK 200 CZK 247,58% 1.200 CZK
5.000 Kč within 3 months CZK 2,000 1.000 Kč 247,58% 6.000 Kč
10.000 Kč within 3 months 4.000 Kč CZK 2,000 247,58% 12.000 Kč
12.000 Kč within 3 months 4.800 Kč CZK 2,400 247,58% 14.400 Kč

* when paying the full amount in the first installment

Representative example: From time to time, a smaller amount of money is needed to resolve unexpected life situations. Sometimes, for example, an amount of CZK 2,000 is enough for an Repayment loan to secure you in a moment. In this case, you will automatically obtain APR 411.1%, which is caused by the fee for drawing 20%, ie CZK 400. Furthermore, the interest is CZK 707. You will pay a total sum of 3 107 CZK. Maximum maturity can be up to 240 days. On repeated requests, a reduction in APR can be achieved.

Repayment loan for anything

Repayment loan for anything

Earn money to fund any needs and do not limit yourself. Ask for money for anything. A revolving type of full repayment loan is applicable to personal needs, hobbies, purchases or payments for a variety of services. This is useful, for example, before payday.

On Repayment loan you will appreciate its flexibility, administrative simplicity and professional client services. The advantage of this non-banking solution is that you can repay individual withdrawals during the month only at the end of the next month. In short, a variable lending model.

In terms of availability, the loan is open to everyone who meets the basic conditions. Just be a solvent client and money is yours.

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Loan with Property Assurance: How it Works, Rates and Simulator

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Is it possible to take a loan with a guarantee giving the property to the bank? Yes! And this is one of the most advantageous alternatives in the market for those seeking to get credit without paying high interest. The interesting thing about this proposal is that it is possible to get high values, and pay them on more extended terms. Therefore, this type of credit has become more common lately, even if some people still distrust the proposal or feel afraid. But of course, using with intelligence and caution there is no danger.

What is secured property loan?

What is secured property loan?

This type of loan is also known as mortgage or refinancing. It is when the client places the home residence or commercial as collateral for the bank, in order to achieve the release of credit. The amounts granted may vary according to the valuation analysis that varies from bank to bank.

The tip for not having problems or regrets is, before undertaking this business you have to be aware of the conditions, know exactly how the rules work and the total interest that each bank and financial institutions offers. As said, conditions may vary, since the interest issue is low on secured home loan compared to other loans.

How does secured loan work?

Each bank usually has its own policies, grant rules and trading conditions. So, consider all the possibilities before choosing the bank to close the loan. Normally, the time for paying off the debt is quite long. It varies from 12 months of payment, being able to reach 15 years, or even 20 years (maximum). This varies greatly from the conditions of each bank.

Already the amount released to the customer, can also vary from bank to bank. The credit released usually corresponds to up to 50%, 70% of the value of the property. Depending on the value of the property it is possible to get a good release of credit.

Where there are rules you have to be careful. The property to be given as collateral of the debt must be removed, without financial problems, and also in the name of the owner who is requesting the refinancing of the property. In the latter case, depending on the bank, the property may be in someone else’s name, however it needs to be aware of the trading and the disks it incurs. Therefore, the payment time, as the release of the credit varies greatly from the creditor institution, and the conditions applied by it.

Myths about the loan with property guarantee

This type of personal loan is well known and realized in the United States. In Brazil, in recent years it has become a more common practice. There are still myths behind this kind of debt. Many believe that the bank’s goal is to take the home or the customer’s car.

Of course not! It is much more advantageous for the bank to carry out the loan than to stay with the house, or car, because it represents costs for the bank, such as payment of IPTU, among others. Of course, if there is no payment of the installments, a sale auction of the property is made.

How much to choose with the property loan?

This trading option is indicated for those who are experiencing serious financial problems, for example, high debt and high interest rates. So it’s a good choice. But when used with caution is also indicated for other issues such as:

1 – Purchase of a new property

2 – Realization of general reforms

3 – Carrying out an international trip, courses, among others

Advantages of secured home loan

The main advantage is that there is not much bureaucracy, ie depending on the conditions of the bank, you can quickly release the credit. Another advantage is the debt repayment time, which in some cases can extend up to 20 years. And of course, the interest rates are lower compared to other types of loans, that is, you do not lose so much money.

It is advantageous to opt for this financial product, but it requires the person’s planning and organization. Because if this does not occur, it may end up losing the property. But the bank will always try to negotiate, but do not let the installments pile up, even because the choice for this loan is for a way out and not for the accumulation of more debt in your account.

Warranty Loan Simulator

Warranty Loan Simulator

Total Requested (Amount in R $) Months Interest Rate (per month) Plot Value Amount

In addition to other financial institutions. Before choosing any of them, do a search. Depending on the bank this may present you with better conditions than others.

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