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Do you still pay your credit card monthly fee?

Despite being considered a great villain for many people, Credit Cards can be a great ally. Just know how to use it the right way, without spending more than you can and not making debts. But even when used wisely, a credit card can still have an extra cost to you: the monthly fee. How to get rid of her?

These days, if you are still paying a high amount for your card’s monthly or annual fee, you may be doing a bad business. Competition is high and there are several options that can save you a little more. Here are some tips.


1. Search for Cards with lower monthly fees… or even for FREE

credit cards

It’s raining in the wet, but the most important type is to research the various types of credit cards in the market. In the end, the ‘flags’ are usually only two, MasterCard or Visa. But as there are several distributors of these cards, each may offer different trading conditions.

So, don’t just keep your bank card. Analyze the card offer distributed by airlines, gas stations, insurance companies, supermarkets, etc. And get the most advantageous coma for you.

And there are free cards too, believe me? One example is Nubank, which is doing a lot of success not only for not charging monthly fees, but also having a digital and simple registration process. The only downside for now is the fact that you don’t have a loyalty program.


2. Keep only one credit card

2. Keep only one credit card

After choosing the best option, cancel any other cards you may have. The tip is to focus all spending on one card: the more you spend, the more benefits you can get.

Don’t be apologetic that ‘it is good to have one card from each flag’ or ‘better to have more emergency cards’. And if you happen to be using the limit on all your cards, this is a good way to force yourself to spend less too!


3. Call the family and have everyone use ‘additional’ cards for yours

3. Call the family and have everyone use

This tip may be more controversial, but with it you will further increase the concentration of spending on just one card, and thus increase your chances of gaining more perks.

The idea is also to cancel all cards of your close family members and to distribute additional cards to yours.

The big downside is that this way everyone gets to know each other’s expenses! Transparency will also help lower spending even more… but a lot of people won’t get used to such a lack of privacy!

Personal Finance: What To Do When Income Does Not Cover Bills?

We are going through a phase of adjustments in the political landscape and in the economy of the country to regain stability. At this time, new habits are being adopted by people, families and companies to try to double the odds, so that it is possible to live with quality without going through major difficulties, even at times like the present.

Thus, the “financial organization” has become a motto, and a theme we are increasingly interested in, as it can bring us solutions to balance finances in an uncomplicated way. So let’s show some simple actions we can take on a daily basis to organize our personal finances and even save. Track, put into practice and make your family financial management very efficient!


Identify the problems

personal loan

The first step in satisfying financial management is to identify problems. A thorough survey involving all gains and expenses is an essential step of the financial organization. Only with this survey, which will show the whole family financial picture, is it possible to correctly check where the money is going, how much of our monthly amount is spent on mandatory and superfluous spending – which can be cut – and how much of our monthly income is devoted loans and financing which may be rethought.


Define spending

money loan

In the survey of expenditures, it is also indispensable that the categories be defined, that the financial picture can be clearly visualized. First, it defines all essential expenditures, such as those for food, housing, health, and education. The other expenses are intermediaries, which can be reduced, such as electricity and clothing, and those we can classify as disposable, such as leisure and gym, for example. Remembering that it is not necessary to cut these activities, but to find more economical alternatives.


Settle debts


If there are debts, consider repaying them. If necessary, make an asset that is not being useful at this time. Reassess your needs and use selling something that is not being used so much to pay off debt, and thus prevent the situation from getting worse further in the future.


Focus on control

money loan

Carelessness in some everyday attitudes involving our finances is more common than we think. One of the biggest pitfalls we fall into is credit card, which we often use unplanned, often failing to take into consideration its interest rate – we often don’t even know its values. Therefore, find out about these values ​​and, if necessary, create new habits regarding the use of your credit card.


Consider refinancing

After the financial survey, problem identification, and expenditure definition, some actions may have to be taken in order to organize personal finances and balance the picture. A tip in this regard is to consider refinancing – vehicles, real estate and other categories, which may set lower rates and longer time to repay the property. This is a very popular option today, because it is a very simple alternative to pay off debt or even invest in something.

These are some of the possible, efficient and practical solutions for making personal finance organization a reality.

Want to know about other tips to make your financial life even more practical? Like our Facebook page and further optimize your personal economic management.

Contact our specialists to know in detail all the products and still ask your questions. Request contact now.

Learn How To Make A Working Capital Loan Simulation With The Simulator

For a good business operation, working capital is required. If your business does not have it, you will first have to borrow working capital from the simulator.

When simulating a possible loan you analyze the amount of installments you will pay and its monthly amount. This will tell you if you can afford this expense.

There are various types of loans in the market and various institutions that make it. Therefore, you should research which option has the lowest rates and which one will suit you best.

Getting extra credit can be a solution to your finances, allowing you to get your business up and running again without cutting productivity costs.


Why borrow working capital in the simulator

money loan

Making a loan for working capital in the simulator is nothing more than a test, as if you were closing the contract but not closing.

The money you take will cost you more money, so you should know if this form of credit will be worth it, ie how much you will pay will outweigh the benefits you will have.

In the simulator you will see what will be the interest variation, what amount of the installments will be paid, what will be the total cost of the operation, what will be the deadline to repay the installments and many other things.

With the date you get you can know if the loan fits your budget and if you can repay it without tightening, because you don’t want to get a break in the budget.

Making a loan for working capital on the simulator before joining the contract is paramount so you are sure of what you will be charged. This ensures that money will be a help and not a headache.


Advantages of Working Capital Loaning in the Simulator

money loan

Simulating before contracting has many advantages. Check out some of them:

  • Gain credibility

In order for you to get a loan it is crucial that you have credibility with the institution where you will do so. The manager needs to have confidence in you before lending the money.

By making a simulation you show that you are certain that the loan is the best option for you and that you are aware that you are able to afford this debt.

A person who does not seek information about payment may seem careless, as if he or she does not care what he needs to pay.

That is, when the manager realizes that you are already aware of the situation and knows that this is what he really needs, he will have greater credibility in you because he will see that you are a committed person.

  • Compare prices between lending institutions

You can use data generated in a bank simulator to compare with other data generated in a simulator of other banks. This way you can know the best proposal.

Evaluate the total price, payment methods, terms, grace period, type of installment, installment amount, interest rates and other details that will show whether a particular bank is worth or not.

Take as many simulations as possible and compare them. Consider which one is the cheapest and which one will be right for you.

  • Check if the loan fits your reality

Making a loan for working capital in the simulator will help you gauge the impact on your budget. See if it matches your financial reality.

Analyze if you can recover this money in time to pay the installments. You may sometimes find that this is not the best option.

There are several other ways to get working capital. Therefore, you should know if this is the best option for you.


How to borrow working capital in the simulator

How to borrow working capital in the simulator

The simplest way to make a simulation is by asking a financial institution. You should talk to the manager and show interest in the loan.

It will provide you with the simulation in person. If you want, there are some banks that have online simulators. There you can access and simulate yourself.

Simulation can be done simply, quickly, easily and at no cost. And you still prevent yourself from future suffocation.

It was possible to learn how to borrow working capital in the simulator. Share with your friends and see our next article on How Home Secured Loan Works.

Private Loan | Payday Loans

This article describes what private loans are and what it means to take one. There may be many situations in life when you need to take out a loan, you may see an opportunity to buy a capital item – such as a boat, car, refrigerator, towbar or other at a very good price but you miss it currently the money you need. Then you can take out a loan to solve the temporary need for financing. for clarification

There can also be many other situations when you need quick financing, such as when you want to spontaneously go on vacation with the family or need to make a trip to visit a sick relative. Taking out a loan can be a great way to fund your needs when sudden situations emerge.

What is a private loan

It is a loan that you take first and foremost for private consumption, not to buy a home – a mortgage – or a credit card – where the credit is an ongoing loan that comes with the card and which you can use at any time and vary the amount that it suits you. You can you get the loan from banks or credit institutions. The loans are very common, with almost every person taking such a loan at some point.

Cheap Private Loans

Cheap Private Loans

There are many cheap loans in the market. What is cheap and not cheap is governed by the interest rate on the market. If you pay zero percent in interest, the loan is free, while an interest rate above that represents a cost. What then becomes cheap loans or expensive loans depends on the prices in the market at large so cheaply becomes a relative concept and unclear concept.

It is the Goodbank that controls the prices of loans in Sweden. The Goodbank sets a so-called repo rate and banks and credit institutions follow that repo rate with a certain premium so that they also earn money. To this is added various administrative fees that always accompany a loan. The administrative fees are the ones that are unique to you. The reason there are administrative fees is that whether you take out a large or small loan, the administration is the same. This also applies to cheap loans.

Find the cheapest private loan

Find the cheapest private loan

The cheapest private loans can be found by searching the Internet and comparing the terms that banks and credit institutions give you who are interested in a cheap loan. When looking for the cheapest loans on the market, you can line up the various opportunities you find and then list interest rates and fees next to each other. Here’s how to find the answer. However, do not forget that the time period you have to pay back plays a role in the total cost. If you have a long time to pay back, you also have to pay the interest many times and you have a loan with a fixed interest, you usually have to pay the interest for the entire time period, even if you pay back before the time period has expired.

Which is the cheapest private loan

Which is the cheapest private loan

What determines which is the cheapest loan is the interest rates and fees that apply to the private loan. If you read the terms and compare and you will quickly be able to decide which is the cheapest loan.

Compare interest rates – private loans

When looking for a loan, you should of course compare interest rates on the loans from the various banks and credit institutions you find when you apply for a loan. When comparing interest rates on the loans, do not forget to include credit cards in your comparison. Interest on credit card loans is quite expensive and can often have very tough demands on quick repayment combined with high fees, so you should not forget that when you make your comparison.

Lowest interest rate – private loans

Lowest interest rate - private loans

The lowest interest rate for loans can be found through a careful comparison between different institutions. There are a number of things to consider when comparing different loans with each other and it is of course first and foremost the interest rates that apply to the loan. The nominal interest rate on a loan can be spread from four, five percent all the way up to 30, 40 percent and the nominal interest rate depends on the interest rate the Goodbank has, what risks the bank or credit institution sees with you and how bold the credit institution is in making profits. .

Low interest rate – private loans

When looking for the lowest interest rate for a loan, it is important to compare nominal interest rates and effective interest rates. The effective interest rate on a private loan can range from around five per cent all the way up to 50 per cent depending on how long you borrow on, but above all, it is the administrative fees that apply when you take out a loan that drives up the effective interest rate.

Find the lowest interest rate – private loans


Find the lowest interest rate on private loans by comparing different banks and credit institutions. There are a variety of ways to make a comparison and you can find a lot of information on how to best find the lowest interest rate on private loans by using resources on the Internet. Again, however, we would like to remind you that loans for a shorter period and at lower amounts usually have a higher total cost – effective interest rate – per borrowed krona, since the administrative fees for such loans will constitute a larger total cost compared to loans with larger amounts over a longer period. time.

Low interest rates – private loans

Low interest rates - private loans

You find a low interest rate on a private loan, especially if you have a higher income, have no payment notes, do not already have debts, borrow a higher amount and borrow over a longer period of time. How is this related? How can the total cost, the effective interest rate, be lower if you borrow more and for a longer period?

If you have a higher income and do not have payment notes, banks and credit institutions will assess that there is a lower risk of lending money to you and therefore they may give you a lower interest rate. The same effect on the assessed risk is also made if your debts are not already high. If you borrow a larger amount over a longer period, the total amount you pay in interest will be larger, which means that the banks and credit institutions can give you a large discount and lower the interest rate slightly. For larger loans over a longer period, the administrative fees will constitute a smaller part of the total cost. All of this together means the cost per borrowed kroner will be lower if you borrow more and have a longer repayment period – while you already have low debts and no payment remarks.


Step by Step for Financial plan

If you are tired of just surviving end of each month, it is time to live under a financial plan. Come to “put your legs” to all the principles we have heard and finally get to financial peace. When people ask me how to eat an elephant, I always say that in Mexico it is eaten with beans, rice, salsa and tortillas. I’m just kidding. The answer is one bite at a time. It has been said that if you go step by step you will reach your destination. Here I present a plan that has stood the test of time. I call this small steps.

Save $ 2,000 in an emergency fund.

money loan

The formula for different countries is one third of the average monthly income in the country. This is a small fund for unforeseen expenses. This fund protects 90% of life-giving “kicks”. I challenge you to collect them in 30 days. Be creative to sit down with a pencil and paper and find out what I could do to achieve it. Maybe this month, you can cut $ 500 from your budget or maybe sell the bike and other items and put together $ 250 and the rest, with a little extra work delivering pizzas. Don’t worry about attacking the debt. And just focus on this little step.

Clear debt with snowball.

money cash

At this stage stop saving and focus on getting rid of debt clutches. It is impossible to save for the future and it is impossible to save for the education of children while you continue to give your money to the owners as a slave. “Andres, how do you do it? What’s this snowball?” Put all your debts on a bottom-up list, regardless of interest, and set a minimum payment on all but the smallest debt. You will attack the smaller debt with all the money, with all the effort, with all the passion and desire to escape until you repay. When you are done with this debt, take all that money, add it to the minimum repayment of the second, and do it until the end, and so on until you pay all the debts except the mortgage.

Make a savings of 3 to 6 months for a full emergency fund. Now that you have no debt and you have money left, stick to the same approach and collect what we know as the financial cushion. When this small step is over, financial peace begins, so difficult to describe but gives us the foundation to start accumulating wealth.

Invest 15% of Your Income in Retirement Accounts. Invest in university expenses. Of course, this small step applies to those with children and, if not, go to the next step. Pay the house. All the money we have and we earn above step 4 and 5 will pay the installments of your property.

Save more, spend more and give like no other.

money cash

This step is the most fun because it verifies what the Bible says there is more joy in giving than receiving.

It’s fun to accumulate wealth, then I’ll talk more about accumulation. For now focus on the first three steps to staying firm on the rock and starting to live in financial peace. If you notice, I never said it’s easy, but it’s worth it. If you live like no other then you can live and give like no other.

Building credit for renovating or expanding houses?

Have you bought a used house or have been living in a property that you would like to renovate or extend? The construction loan is for you! This type of loan is specifically designed to help you modernize your existing property or adapt it to your changed needs.


Important feature of a construction loan

Important feature of a construction loan

An important feature of a construction loan is that the bank does not disburse it to you in one lump sum, but in installments, and when you get the individual installments depends on the degree of completion of the construction. When you are ready for the construction phase, the next installment of the loan will be disbursed after a site visit. You can apply for a construction loan to finance a variety of activities related to the renovation and modernization of your used property, such as floor construction, or even the replacement of insulation, windows, and heating.


Construction loan is the need for self-employment

Construction loan is the need for self-employment

Own resources are calculated from the value of the site and the budget; you need to raise 40% of the sum of the two. However, this amount can be reduced by using additional collateral, so even if you encumber a property with a mortgage, the cumulative value is calculated and 40% of the total value is calculated and the maximum loan amount can be calculated accordingly.

There are several types of state aid available for a construction loan , so you have to meet much stricter conditions for a market-based loan if you want to raise it, but that is not impossible, and if you successfully overcome the obstacles and have a positive credit rating you are best off when renovating or building.

If you have decided that you want to use a building loan to modernize your house, make sure that not only one financial institution deals with it! Compare the available offers through our site and choose the one that suits you best! Do you have a question or a comment? Do you want advice? Contact us at our contact details!

Do Czechs Prefer Cash or Card Payments?

At the beginning of the year, media reported that Czechs are European record holders in paying with a contactless card . VISA firm on that occasion came with an interesting Infographics on its cards.

But contactless cards are not enough for Czechs. Other statistics show that we are also European leaders in terms of absolute news – payments using biometric applications .


Pay by card – no card!

Pay by card - no card!

Imagine that you no longer need to take your card out of your wallet when making payments at the store. And even better – you don’t have to copy your 16-digit card ID and other details when shopping online.

This is enabled by the MasterPass application on smartphones. Simply authorize your card and choose a 6-digit PIN code. If you have an iPhone 5s or higher, you can use your fingerprint to launch .

The application, which is the first in the Czech Republic and one of the first in the world, is now used by about 60 thousand people and more are added every day. In addition to comfort, it also guarantees absolute security – in hundreds of transactions, MasterCard has not yet discovered a single fraudulent business.


Czechs love cards, but they have two problems

Czechs love cards, but they have two problems

Despite the European leadership in our country, however, still (a bit paradoxically) cash payment is still leading . Specifically, only one in ten Czechs would like to give up completely. In short, we still have a rooted notion that we must have at least a few change in our wallet.

Another fact is striking. A March survey by the Czech Banking Association revealed that more than half of those surveyed did not know the differences between debit and credit cards . Czechs are thus deprived of considerable savings, because with smart use of credit card saves with every payment.


Knowing the differences pays off

Knowing the differences pays off

There are 11 million payment cards in the Czech Republic , a few thousand more than the population. Therefore, it certainly does not hurt to recall a few basic facts:

  • A debit card belongs to a bank account and you use your own money to pay with it.
  • The credit card works as a pre-approved loan . Whenever you pay with it, you draw the lender’s money. If you pay them by the end of the interest-free period, you will not pay any interest.

In addition, the credit card comes with many discounts and benefits . For example, whenever you pay with our Premium card , we will refund at least 1% of the purchase price back to your account. If you shop with our partners , it can be up to 20%.

Your percentages will turn into a premium $ in your account, and as soon as you collect 100, we’ll mail you a $ 5 voucher that you can use again to purchase. In addition, special events await you every month .

Good Finance disagrees with criticism, consumer-friendly home loans are good!

The central bank’s department, denied rumors that new consumer-friendly home loans had failed to improve the credit market. An article reflecting the head of department’s opinion can be read below.

The competition for Qualified Consumer-Friendly Home Loans is already well-visible, though there is still a short period to look at.
There has been a keen interest in the housing market since the call for proposals on 19 May 2017. More and more qualified products are being placed on the market that meet the conditions set by the Good Finance, and banks are also very interested.

Purpose of certification

Purpose of certification

• lower interest rates on longer-term home loans
• make the options more transparent and cheaper
• the information becomes accurate and reliable
• market more comparable products
• weaken competition between banks should be encouraged

This is facilitated by a website that compares market products that meet the Good Finance’s criteria and is supported by the Good Finance. The effects of qualifying products are designed to be long-term, and in any case, they help cheaper products and exclude harshly rising interest rate loans.

Worth looking at the fact that the comparisons are from September 1


The point is:

“In the second quarter, fixed-rate housing loans fell by an average of 33 basis points in the second quarter, which is not only due to the decline in benchmark yields. Average mortgage rates also declined by about 10-20 basis points in the quarter, which may have been the reason for the expected release of Qualified Consumer Friendly Home Loans, ”said the head of department.

Unfortunately, the published article only looked at a few or two cases.

It would be better to look at the changes in long-term loan spreads over the same period last year and this year.

As the product is being introduced, the ratio of Qualified Consumer Friendly Home Loans in the 2017 sample is still low. However, it is perceptible that we can see a decrease in both average values ​​and distribution between May and July 2017, taking into account the same period of 2016.

In the event of a significant increase in Qualified Home Loans, a further decline is likely.

The boom in competition is not expected for the cheapest loans

The boom in competition is not expected for the cheapest loans

But for lower-priced loans that are easily payable by good earners. Many low-commodity products are still available on the market, but there is no change in the comparability of interest rates.

One of the great advantages of Qualified Consumer-Friendly Home Loans is that it has a lower interest rate compared to the average of real estate market products. Products that are easy to compare and transparent over the lifetime of the customer, and will certainly enhance market competition with their interest-reducing effect.

It would be an analytical mistake for anyone to formulate a general and bad opinion about a newly launched product of a few months’ duration, a non-generalizable, less well-known, well-thought-out and qualified home loan that is under construction!

If you are interested in finding out about consumer-friendly home loans, details about CSOK and taking out a home loan on favorable terms, contact our credit brokerage experts who will provide you with free professional mortgage information! Fill out the form and we’ll call you back!


Housing Loans

The zero-interest loan. In effect since 2005, the “92 housing loan” was replaced on 1 October 2011 by the “Housing Shinehousing loan”. Suspended at December 31, 2011 due to reform of the PTZ state, it is available again since March 30, 2012.


What has changed compared to the old device

What has changed compared to the old device

The new accession aid for Alto-Séquanais was voted by the General Council on March 30, 2012. It allows to benefit under conditions of a 0% financing.

The main change of the “PL-HDS” is the refocusing of the device to the only acquisitions of new housing , thus sticking to the new provisions of the PTZ 2012 which was reformed during the last Finance Law.

The loan can also benefit the candidates for accession who buy a housing HLM . As was the case previously, the general council will take charge of the loan interest.

Complementary to the State PTZ, the housing loan Housing Shineis subject to certain conditions.

Finally, you will have to address to the ten banks which signed an agreement with the general council.


Access conditions

Access conditions

They remain overall similar to the old device. To benefit from the help, you will have to reside in department 92, meet the definition of first-time homeowner (you have not been the owner for the past two years), purchase a new home ( or HLM) and occupy it as a principal residence, ie at least eight months a year.

On the other hand, you must be eligible for the PTZ of the State and respect a ceiling of resources which depends on the composition of the fiscal household.

The income to be taken into account is the reference tax income of N-2. For 2012, the 2010 business income will be taken into account.


Housing Loan Amount Housing Shine

Housing Loan Amount Hauts-de-Seine

The amount varies according to the type of property (nine or HLM) and the composition of the home. It remains limited to 50% of all credits that contribute to the financing of the property (with the exception of the national PTZ and the bridge loan).

Repayment possibilities are limited and range from 8 to 15 years. Moreover, the choice does not belong to the borrower but depends directly on his income. A mechanism by installments established by the Construction Code determines the duration imposed according to the result.

You should also know that, given the short durations proposed, it may be useful to smooth the main loan and HaHousing Shineusing loan. This banking technique, used by most financing organizations will allow you to obtain a single monthly payment throughout the repayment period.

Your departmental agency can also study the feasibility of a global renegotiation of credits in case you can not pay for them. Finally, if you are the owner of your main residence, know that the general council provides some help to improve your home, control energy expenditure or adapt the home to the loss of autonomy.