Month: August 2019

 

Our site’s title question or statement. We realized that we had already written about many things. Just think of Family Home Discount, from home savings to consumer-friendly loans.

Or some tips on how to make your existing loan cheaper. But until now, the real big question about what makes a payday loan good is not covered in an article. We are now filling this gap and gathering all the important points. Come and stay with us!

We get good credit?

It may sound strange, but the first and most important “property” of a loan (whether it is a mortgage loan or a payday loan) is to get it. Unfortunately, there were some kind people who were approaching us who were unable to do so, but we were able to show them what to do to change this state.

In fact, there are 2 important things that must be fulfilled before you can qualify for a loan. The first is that we are not on the KHR list . This is, for some reason, a “bar list”, but it doesn’t matter, its essence is the same. Whoever is listed here will get bad debts in the eyes of the banks and will immediately reject their credit request.

Another important thing is to have a decent income . As wages are rising quite well at the moment, the truth is that this is less and less a problem for the population. However, regarding the payment, it should be noted that the declared net payment matters . We are Hungarians and we do not want to deny that there are people whose earnings are reported and do not match their income. That is why it was important to clarify this.

Another important factor is that we do not over-commit ourselves to loans, as banks are looking into this. Up to 50% of our reported wages can be paid off monthly in total.

Good credit is cheap

If we no longer get the loan for free, at least we don’t have to pay it back a lot, we can say half funny, half serious. Well, now we can say that someday, now we will find cheap loans. As the central bank base rate is 0.9 percent, interest rates on loans are also low.

The APRs of loans were around 15% in 2008, while at the moment we can find loans for just over 2%, but the average is around 3-4% . This means, of course, that about a quarter of the time you have to repay the loan taken out, as before. What is cheap if not this?

Good credit is flexible

When we think about it, we are talking about a 20-25 year financial commitment. During this time, many things change in our lives. Therefore, it is good to have some leeway in our credit. Such flexibility points are that right from the start we choose how much security we need against external influences. We are talking specifically about the interest period. In the meantime, whatever happens in the world, our monthly installment will not change. This may now be the same as the duration of the entire run. This way we can fix the current low interest rate if we want to.

Another point of flexibility is that we have the opportunity to reduce our debt with occasional payments. Our money can come in from time to time and we can even bet it to the bank . Doing so can either reduce the duration of your loan or reduce your monthly burden. This can be important in the long run.

In summary, we believe that these qualities lend credit. Now a number of loans meet these conditions. For this reason, we recommend that you first count on the calculator! And if you are, contact us! We help you interpret and find the best opportunity for the good.

There are so many reasons to take out a consumer credit. Purchase an emotion such as your dream car or trip, help your children financially, finance buyer costs or close an existing debt gap with an extra loan.

Our Acceptance department needs a lot of information to be able to properly advise in advance whether or not a customer is in trouble. For example, bank statements with salary addition and depreciation of housing costs, there are sometimes cancellations, etc.

Identify irregularities

In this way we can identify irregularities or even fraud at an early stage and, via a rejection, protect people from any financial misery. Because you don’t help people who are already in debt with a new one.

If a customer does not borrow responsibly and stops paying because he / she has nevertheless got into trouble, all parties become the child of the bill. We as a credit specialist, the bank as a lender and the customer himself. Because once someone is in debt, it is not always easy to get out.

It is currently not good to sell that people can get into debt so easily, while this is preventable. From our joint duty of care to an intermediary and bank, you must always prevent extra debts. 

One part of the solution to not getting too much into debt is on a personal level: being able to handle money properly. For example, if a child is already learning how to budget, does not spend more money than it receives, first learn to save, postpone impulse and emotion purchases (‘happiness is not for sale’).

Bailiff / collection agency Register

Suppose someone has all kinds of payment arrangements with different collection agencies, but the salary is seized. Then payments to the collection agencies are compromised. That is one of the most difficult aspects of building up debts: in the institution keeps a precise record of how many creditors there are. Or how much money is involved. As a customer you get caught up in time in the web of default, can no longer borrow, repay existing loans and in worst case lose your home, work and social environment.

We believe that there should be some sort of BKR where bailiffs / collection agencies should register their customers.

This reporting obligation would mean much more overview for customers. And for us as a lender, it would mean that we can see at a glance whether someone is already in the bailiff’s trajectory. Then we can reject an application at an early stage and in this way we protect potential customers from even more misery. Now we first have to go through all bank statements, which takes a lot of time and doesn’t always feel pleasant for customers.

If an official government body keeps track of whether someone has a file with two or more bailiffs, the government can switch much faster, adjust on time and offer help.

Taking out a loan is not a shame, but let it happen on a responsible basis.

Borrow responsibly

For the time being we still have to say without such a type of ‘BKR registration for collection agencies’. But what can you already do yourself to apply for a loan responsibly?

Ask yourself a number of critical questions:

• Do I really need the loan goal (car, vacation, boat)?
• Can I save the money for my purpose instead of taking out a loan?
• Do I actually have enough income to pay the repayment every month?
• Do I have other loans in progress and can I first repay them?

Make smart use of our tools:

• Transfer or merge existing loans. This way you pay less interest, you gain an overview and you create the prospect of a debt-free existence.
• Fill in our loan guide and find out whether and which loan suits you best
• View what you can borrow responsibly
• View responsible lending in addition to your mortgage
• Do research and compare loans with different banks
• Also check the conditions, after every loan and every personal situation is different!

 

The floating discount credit may only arise in connection with goods that a seller transfers to a buyer. Thus, the floating discount credit is a short term financed supplier credit by acceptance of a bank. The company, which offers its customer a supplier credit, benefits from this regulation.

Floating discount loan

In order to be able to speak of a floating discount loan, the bank mentioned above has to buy in a bill from the company and provide the value added to the present value, less a discount. The change is caused by a sale of goods eg an exporter to an importer. According to the agreement, the importer does not need to pay for the goods immediately, but only at a later date. Instead, a bill of exchange is issued on the invoice amount, whereby the customer accepts a payment obligation. The exporter sells this change to the bank. Instead, he receives the equivalent of a discount, but enjoys the benefit of being able to spend more money and thus being more liquid. The Bank, in turn, keeps an eye on the term of payment granted to the importer and deletes the amount noted on the bill of exchange, of course without deducting a discount.

Why is a floating discount loan to be called a loan?

Obviously, it’s more of an advance. However, the legal status of the floating discount loan states that the exporter remains the creditor of the bill of exchange. In the event of late payment, the bank will not contact the importer and, if necessary, issue a reminder, but in the event of non-payment, it will demand the change from the discounting party. Therefore, the bank will check the creditworthiness of the exporter before entering into a floating discount loan.

As already described, the goods transfer is a prerequisite for a bill of exchange discount credit. Bills that spring from a financial transaction are not covered by any claims in the sense outlined above. In this case, the bill of exchange is a way of helping a creditworthy person gain access to cash by signing a creditworthiness petition. However, if two persons suffering from a lack of money mutually accept and pass on a financial change, this is an exchange.

In general, the floating discount credit, nominally, is cheaper than the overdraft facility. However, the floating discount credit is always used for the entire remaining term of the discounted bill of exchange. For this reason, fluctuating loan requirements can lead to so-called “idle times”, which effectively make the floating discount credit more expensive.

Do you know enough about mortgage loans in Guatemala?

One of the most listened terms in the financial world, but of which few have detailed knowledge, is the word mortgage. Surely you will have some doubts, so next we will explain everything related to this topic.

What is a mortgage?

Financially, the word mortgage is defined as the loan made by a bank to a person or company and for which the entity only accepts as payment guarantee a property or a property of the applicant. Normally, banks only grant mortgage loans for 80% of the total value of the property you offer in the loan process.

Once the loan amount has been agreed on the value of the property, the two parties must establish a document with the agreed terms and conditions for the mortgage. Once said negotiation is completed, it must be legally indicated in the Land Registry.

In case of non-compliance with a certain number of payments established by the mortgage, the bank must resort to a legal process of loss of the good by the applicant, and this procedure is known as foreclosure.

What documents do you need to mortgage a property?

Each financial institution has a different procedure to start the mortgage management, but the documents that are generally requested are:

• Original title of the property to be mortgaged.
• Copy of the title of the property signed and stamped by a notary.
• Documents signed with the bank to request the mortgage.
• Proof of income issued by the company in which you work.
• Bank account statements for the last three months.

Can you mortgage a mortgaged asset?

In addition to the mortgage we are talking about, there is also the so-called second mortgage or Junior-lien. This is a type of bank loan where money is granted to the person concerned, using a property as collateral, even if you already have a loan on that asset.

Within the previous types of mortgages there are three types of interest rate: Fixed interest rate:

The interest rate and payments agreed upon at the time of negotiation with the bank do not vary during the life of the loan.

Variable interest rate:

The interest rate and payments to be made may vary. Each financial institution makes the decision to do it monthly, quarterly, semi-annually or annually. In some cases you can pay more than you had agreed in the beginning.

Mixed interest rate:

The interest remains fixed and in most cases it is greater than one year, from there it can vary depending on external factors.

What can you mortgage?

• A real estate.

• Previously mortgaged assets.

• The rights of surface, pastures, water, firewood and other similar nature.

• Administrative concessions of mines, railroads, canals, bridges and other works destined for public service.

• Buildings and land.

• The floors or premises of a building in a horizontal property regime registered in accordance with what is determined by law.

Credit Grade Inquiry with TC, Credit Grade Inquiry with TC Identity, Credit Grade Inquiry with TC No, Credit Grade Learning with TC is in the continuation of our article. When we want to use a credit or credit rating from banks, the most important one among the evaluation criteria of the application is undoubtedly the credit rating. Thanks to the credit rating, all our applications are subject to an evaluation stage and our eligibility status is checked. It is a bit more difficult for people who have a low credit score or who have not yet had a credit rating to use bank products. People with a high credit score can use credit even via SMS and get instant approval. Before applying for a credit or credit card from banks, it is important that you obtain the credit rating. In this way, you can make applications that are appropriate to your credit rating, you can prevent unnecessary application of your credit rating by making unnecessary applications if your credit rating is not appropriate. So how to learn credit grade with TC? TC ID number and credit note inquiry is in the following article.

 

Credit ID Inquiry with TC ID No How?

If you want to use credit from banks and you want to make a credit note inquiry before that, there are some tricks you should know. First of all, the simplest and fastest way to learn credit rating is to apply to banks. You can visit the banks and tell them that you want to use a loan, so you can get the credit rating from the bank employee. Banks that share credit rating information for the last month will also tell you whether the credit rating is eligible for credit use.

Thanks to the above-mentioned method, you can go to banks and conduct credit inquiry with tc free of charge. The bank will not ask you for any extra information other than ID for this transaction. In addition to all these methods, you can question your credit score from where you live at home, and you can query without having to go to the bank. What are these methods?

 

Credit Credit Learning with TC How?

There are some other methods of learning credit grade with TC . First of all, with KKB’s own website Findeks.com , you can make your inquiry in a short time. As KKB is the institution that determines the credit rating and shares it with the banks, this is one of the fastest methods of credit rating inquiry. You can register with Findeks.com with your information in banks, you can download credit application from your mobile phone and even make a credit note inquiry.

However, Findeks is a fully paid system. It requests various payments for credit grade inquiry . Not only credit rating, credit risk report and future risk analysis, credit rating upgrade tactics to share a lot of information with the findeks can receive reports, you can get more detailed information about credit rating upgrade . In addition, you can make inquiries for half the price thanks to the campaigns made by some payment methods, and you can gain.

 

Free TC No Credit Grade Inquiry

If you do not want to do a paid inquiry, all you have to do is to go to the banks. Likewise, the findeks system is fully paid and it is not possible to make a free credit inquiry . You can visit the bank branches where you worked, tell them that you want to use credit, you can get information about the credit rating. Since you will use a credit, banks will usually give you your credit rating.

 

Are Credit Rating Inquiry Sites Reliable?

Certainly there is no such thing as credit rating inquiry sites . Findeks.com and the branches of banks are the only places where you can question your credit rating. At the same time, you can perform credit note inquiry transactions through the internet banking and mobile applications of the banks. However, you should never trust or share your information on the internet claiming that your credit rating is questioning and requesting personal information from you. Some sites may present you with different fraud methods by requesting information such as credit card number, security number, TC identification number. For this reason, you should only search through banks and Findeks and avoid external sites and people!

 

Do we all agree that credit is not a necessary bad thing, but an excellent tool to help us achieve something? If so, read on! Even if you want to borrow money. Now, we are showing you that you are doing a good borrowing and that you will be satisfied, not with negative voices, for whom almost nothing is good. So let’s see how we can borrow without any problems.

 

You need to be prepared for borrowing

Most importantly, we do not borrow overnight. You need to be prepared for borrowing. Especially when it comes to home loans. In this case, you also need to build up the necessary self-reliance and strive to borrow at a healthy rate. If we are very much on the border and there is a potential increase in interest, then monthly repayments can put too much burden on the monthly family budget. And that’s when the troubles start, which can lead to our property failing. And from there, it is a very difficult road, we do not wish anyone.

 

Credit pre-qualification

Most borrowing problems occur because of the income statement. Many people do not know how much of our reported wage can be used to pay off a loan, other loans are included in this section and we could even list it. What can you do? Well you need to get a credit pre-qualification!

By doing so, they are actually examining our income situation. Whether and to what extent we are creditworthy. This way we find out how much we can buy real estate for. In fact, most banks hold this result for a while, so when it comes to actually buying a home, you don’t have to do it again, so you save time.

 

Don’t hit the first upcoming offer!

We could have started with that, but left for the end. Under no circumstances should we choose a lending bank on the basis of acquaintance, good news or such subjective facts! Let’s use the calculator of credit.com and compare different loans on an objective basis! We can save a lot of money for ourselves