Payday loans, an effective solution to the expenses that are coming
Finance for dummies
Summer vacations are ending, and the purpose of them is that the education expenses that many of us have to bear come. Among these expenses are tuition, school supplies, pensions, among others. One way to pay them is through prior savings or financing thereof. If we are thinking about the second option, the word “loan” immediately comes to mind. So, we wonder what type of loan would be appropriate, in what term, currency, etc. The purpose of this post is to answer those questions in a simple and detailed way.
A payday loan
Would be adequate because it is freely available and can be used for any purpose, whose share is suggested not to exceed 40% of your net salary and in the same currency. This loan is provided by almost all financial institutions, being able to pay in simple installments, that is, 12 installments per year; or in extraordinary installments, that is, 14 installments per year (double in July and December for the payment of bonuses). We must not forget that, prepayments or early cancellations can be made without penalty in any financial entity. Mainly, there are three types of payday loans: unsecured, with liquid guarantee and with mortgage guarantee.
1. The unsecured loan is intended for people requesting an average amount, usually less than s /. 100,000 whose maximum term is usually 5 years, with a good credit history and / or income support. This loan is quickly approved and disbursed as it does not require the submission of many documents. In most cases the minimum income required ranges from s /. 700 ys /. 1000
2. The loan with liquid guarantee is directed towards people who do not have income support and / or without credit history leaving in term deposits, mutual funds, or bank certificates in foreign currency of their own or of a third party. The amount to be lent is usually less than that of the guarantee, ranging between 60% and 80% of the guarantee depending on the entity. One of the advantages of this loan is to obtain a good credit history and / or banking; opening the doors to future applications for another type of loan or credit cards.
The mortgage guarantee loan
Is directed towards people requesting amounts greater than s /.100,000 or who wish to extend the term of the loan up to a maximum of 10 years, leaving their property or that of a third party as collateral; and have a good track record and / or income support. It should be noted that in this type of loan amounts between 60% and 95% of the commercial value of the property can be requested according to the respective appraisal. Among the documents required by the financial institution.
In conclusion, there are different types of loans available according to each profile and needs. It is important to evaluate what type of loan is convenient and in which entity it is recommended to compare all possible options. Finally, we must remember that the information provided in this post is general and may vary according to the financial institution.
Take care of debt with a low-rate loan or a 0% credit card
If you want to consolidate your debts, or perhaps accumulate underestimated DIY costs during the holiday weekend you want to clear now, you want to make sure that you pay the lowest possible loan rate. Fortunately, borrowers can find rates as low as 6.4% on the best small loans (based on a £ 3,000 loan over three years), although it is quite possible to pay no interest – this is where 0% credit cards come in.
Save hundreds with a 0% card
The latest analysis by Moneyknows reveals that rather than opting for a small loan, borrowers might consider one of the longest credit cards with interest-free introductions or even a shorter-term card but no fees. which could save them hundreds of pounds in interest. Whether it’s an acquisition card, a balance transfer card or even a money transfer offer, consumers can spread the cost of their debt in many ways.
The table below shows the amount of interest consumers could pay if they used a 0% loan or credit card to cover a lump sum of £ 3,000. As you can see, the savings realized with a 0% transaction can be marked:
Why choose a loan while 0% offers are cheaper?
The fact that debt consolidation on a 0% card, or even the use of a 0% acquisition card, is much cheaper can lead people to wonder why they would like to consider opting for a personal loan. Well, “it is advantageous to choose an unsecured personal loan on a credit card, basically under the strict terms of monthly repayment,” “These loans are ideal for borrowers who wish to have the guarantee that their debt will be repaid at the end of their contract.”
Essentially, a loan has the distinct advantage that repayments are fixed, unlike credit cards, which means borrowers can be safe knowing they will no longer be in debt by the end of the term. Conversely, credit cards ensure that the borrower himself makes sufficient repayments each month – without spending more – to ensure that he will no longer be in debt by the end of the period. interest, which means there is no guarantee that it will be.
That said, “If a borrower opted for an interest-free credit card, he could save hundreds of pounds if he fully paid off his debt before the expiration of any 0% transaction,” said to be more organized.
Stay on top of your repayments
For example, on the basis of an average rate of 14.3%, a loan of £ 3,000 over three years would cost a borrower £ 706.94, although rates as low as 6.4% would bring the borrower back total interest at £ 296.16. However, it should be kept in mind that not all borrowers will be offered the advertised rate – suppliers should only offer this service to 51% of successful applicants – and the best offers are those of the candidates. online. a branch means that consumers can miss out.
However, as shown in the table above, it is perfectly possible to significantly reduce the amount of interest paid, or even to avoid any interest, using instead a 0% transaction. However, as points out, “One of the biggest dangers of using a credit card for short-term borrowing is obvious: you have to keep up with the pace of repayments. lower the monthly repayment to the minimum required to release certain expenses, but if you do so for a long time, the debt will be suspended longer than expected, which could result in higher interest payments, but it is always wise to increase as much as possible to be able to pay debt faster.
“For example, if a borrower had a typical debt of £ 3,000 on a credit card bearing an interest of 18.9% APR and only paid back £ 100 a month, he would incur interest of £ 970 and would be suspended for three years With a 0% agreement, £ 3,000 can be paid in 25 months with fixed repayments of £ 120 without interest charges, but if customers can claim £ 30 extra per month (£ 150 per month) ), this falls to only 20 months “.
However, whether it’s an interest-free purchase, a balance transfer or a credit card with money transfer, it’s important to keep in mind that many of the best deals can charge for the conversion of a debt, which can erode savings. Therefore, you will want to make sure that you calculate the numbers first, because choosing a high-cost contract can be an expensive mistake. Ideally, look for cards that charge no fees.
“In addition, in order for consumers to have the best chance of getting one of the most lucrative offers, it is important that they place themselves in the best possible financial position before applying for credit,” he concluded. “Regularly reviewing a credit report is a good idea, and it can be done for free, as with Experian, where consumers can quickly and easily access their financial footprint.”
All about microcredit.
Microcredits are small loans granted in highly targeted cases, whether for a business creation or certain situations aimed at improving or maintaining the standard of living of individuals.
Microcredit, to be lent small sums of money
Microcredit has appeared in France and more widely in Europe, to finance the poorest in their projects, those who do not have access to conventional banking services. Several laws now favor Microcredit and the development of solidarity finance.
Get a credit to the RSA and credit for bank bans solidarity credit of the ADIE and helps the unemployed to start a business, a professor of economics, became Nobel Prize. It is a form of credit, for small sums, granted to people who are usually excluded from the conventional credit system, because they do not present the necessary guarantees to obtain a loan: too poor, too old, too sick And so on.
More and more, Microcredit is developing in developing countries, where they allow the poorest to invest in their own activity and so out of misery, to take charge rather than wait for any help, rather than waiting for the charity of rich countries. This particular finance is very much helped by Islamic finance, more adapted to the populations of Muslim countries: only the reality of the field can succeed in microfinance, which sometimes explains rates that would seem prohibitive in the eyes of a European, or restrictions weird religious if we are not practicing muslim.
Microcredit has also made its appearance in France, where it helps people excluded from normal credit. Initially, Microcredit from rich countries is mainly aimed at helping individual entrepreneurial initiatives in southern countries, for example with the Babyloan tinyfinance institution. It is only recently that Microcredit has also appeared for poor French people. It is a new form of socially responsible credit (yes that should be), which is increasingly used in France, and which allows many people to invest in their own job, to create themselves their sources of income.
MarKet’s review
People who are excluded from the normal bank credit system have several aids, whether state or specialized. The credit can get you money without having to do charity, so to speak, because you will pay off your debt and owe nothing to anyone. It’s not the same as asking the social worker for help from CAF without giving anything back the allocs who also give specific credits to help families.
When we talk about credit support, we are mainly talking about Microcredit, a loan of small sums allowing someone who does not normally lend money, for example an unemployed person, to finance a remunerated activity, such as creation. of his own job.
There is also aid for already existing companies, deployed by the State. The mediator of credit is one of the most emblematic and visible aid, to resolve conflicts between a client and a banking institution.
Financial tips from millionaires to save money | Debts
Who better to give advice in the field of finance, than millionaires ?. Below you can find four financial tips from millionaires to save money.
Do not consume more than necessary
The first of the financial advice given by millionaires, refers to consumption habits . The only way to produce long-term savings is to spend less than you earn. To do this, you must consume only necessary to live properly and be happy, avoiding ostentation and waste.
If you worry about demonstrating a high life status, it will not only generate unnecessary expenses; It will distract your attention and divert resources that you could use to leverage your economic success.
Warren Buffett, one of the three people with the greatest financial fortune in the world, always recommends applying this principle.
Spend with criteria
Spending with judgment is acquiring goods and services according to their real qualities, and not by their brands or notoriety. It is a principle that you should use both in your venture and in your personal life.
For example, you must understand that your employees are worth more their contributions and work performance than their academic degrees. And that you must evaluate the materials and equipment for their real overall quality, beyond a brand. In this way, you may get better quality with less investment , saving.
Avoid debts that do not generate production
It may be that the dream of your life is to have a beautiful holiday home on the beach. But keep in mind that if you borrow to acquire it, it will be a debt that will only generate maintenance costs. On the other hand, if you buy a vehicle on credit that will allow you to expand your business, you will be acquiring a productive debt .
The idea of this principle is to avoid indebtedness for reasons that will not enhance your ability to generate income .
Save to invest
This is the primary financial advice of millionaires to save money. It refers to all savings that you achieve by applying the above principles, you must use them to invest.
It is clear that you must have some money saved to face unforeseen events and emergencies that may arise. But you should not become obsessed with having large amounts of money in savings instruments. Have only what is necessary to cover an emergency and use the rest to invest . Only by saving you will not become a millionaire, you must risk investing money in your company or another form of investment.
In this principle we could quote each and every one of the billionaires of the world. It is clear that none of them achieved that condition only by saving their money.
How to save money on food expenses? | Credits
In addition to living, food costs are one of the largest monthly expenses of households. At the same time, they are also one of the easiest expenses that you can influence yourself with vigorous planning. “How do you save money on food expenses?” That’s a question that will surely come to everyone’s lips at some point in their lives.
It’s a good idea to start saving right away so you can enjoy the rising interest income as soon as possible. A savings account is safe, and the interest rate does not fluctuate in the same way as in a volatile stock market. You can comprehensively compare savings accounts on the market with our free and unbiased savings account comparison:
Favor the cheapest food products
Needless to say, food expenses can save you money by always buying the cheapest products. In practice, this often means favoring an in-house brand, which is usually the cheapest of all brands. Also, cheap doesn’t always mean bad.
In addition, you should always buy fruits and vegetables from each harvest. For example, in summer you can get berries and fruits cheaper while in the autumn you can find root vegetables in big packages at reduced prices. Also remember that meat is relatively expensive and you can try to replace it with lenses, for example.
Buy discounted items in bulk
This idea is strongly related to the previous one, however, being separate. Various discounts on products cannot be predicted in the same way as, for example, the price level of vegetables in the harvest season or the higher price of meat. Often, the only way to know about discounts in advance is to follow the leaflets sent by the stores.
Therefore, it is always worthwhile to be prepared for sudden discounts and to make the most of them by buying as much discounted product as possible. For example, products that are usually close to their due date are reduced by 30%, so you also have to be prepared to change your own food plans as appropriate. You should not worry about buying too much food as extra food can be stored in the freezer, for example.
Compare stores and always buy at the cheapest place
Some stores sell certain foods at lower prices than others. Therefore, it is always worthwhile to find out where to buy certain products at the cheapest prices. For example, rice and lentils can be cheaper in ethnic grocery stores than in ordinary supermarkets. On the other hand, when summer comes, you can find vegetables and root vegetables at a cheap market place. Comparing different stores can take a lot of time at first, but knowing where to get the cheapest things can save you a lot in the long run.
Get a payment card
If you frequently visit the same grocery store, you should obtain a payment card from that store. A payment card gives you a payment advantage for all purchases made at the locations of that store. For example, with S-Etukort, you get a payment benefit of 0.5% of purchases, which is always paid at the end of each month. With the same card you can also get payment benefits from, for example, S-Group car stores, agri-markets and hardware stores.
Credit cards with payment benefits can be conveniently compared in our free and unbiased credit card comparison. Explore the features of different payment cards and find the one that suits you best:
Teach Your Children To Save And Orient Them To The Essential
Parents spend a lot of money on the pretext of wanting to give their children everything they have not had. Being a legitimate concern, it is crucial to keep in mind the educating role of parents. In this article we will give you some suggestions so you can teach your children to save.
It Is Natural To Give Your Child The Best Living Conditions
Many people associate temperance with restraint and austere restrictions on each family’s budget. This value is often seen as contrary to a legitimate desire that many parents have to provide their children with the maximum possible financial comfort so that nothing is lacking.
There is also a more complex reality in which some parents wish to give their children everything they could not have access to as a way of compensating for a more rigorous childhood financially.
Temperance Is Not Negative
Temperance does not have to be seen as something negative, rigid or somber. On the contrary, when well lived and applied, it becomes essentially positive to suffocate as:
- Power an effort to balance wills and impulses;
- Helps you sort and select tastes from multiple options and offers;
- It promotes the ability to choose and helps to report benefit and loss as a consequence of that choice;
- It promotes freedom, fortitude, and self-control by having to make the choice of one particular good over another.
- Protects against advertising and marketing that calls for everything to be consumed already and now!
Provide Freedom to Your Children
Above all, it is important to raise children who have the opportunity to discover their tastes and exploit them, rather than allowing them to experience everything just because they have free access. In this way, it is they who take control, rather than being controlled by these confused and disoriented impulses.
You can also convey to your children the idea that it is not only parents who say no: they too can (and should) gain the ability to say no to what does not interest them, ie to the superfluous and to the makes you grow as People
To say yes to everything around us and what we feel like makes all the experiences are something depersonalized, monotonous, highly generalist and that does not give character to anything.
A loan with a discount for communion
August 20, 2019
Uncategorized
No Comments
admin
May is the month of Communion. This is not only an important event for the whole family, but also a considerable expense that significantly strains the household budget. We are aware of this and therefore we have prepared a special promotion on this occasion – the first loan for PLN 0, and the next with discounts.
The day of the First Holy Communion is an important event for every child – that’s why parents and the whole family do everything to make it a beautiful memory. At such a special time, concern for our financial situation can effectively spoil a sublime mood, so it’s worth eliminating it. We come to the aid – we have prepared a special promotion that will help to repair the home budget and find a place in it for all expenses related to communion.
A loan for communion for PLN 0 – especially for new customers!
If this is your first time planning to take out a loan, you can do it completely for free. We offer the first free loan up to PLN 2,000 for 30 days. This means that you give back exactly the amount you borrowed – provided you repay it on time. The first loan for PLN 0 is not charged with any additional costs, the APRC is 0%.
If we are a guest at a First Communion party – the amount of PLN 2,000 will allow us to buy an unforgettable gift, regardless of our relationship. It’s a great way to make your child happy! If you need financial support for another purpose, you can also count on us!
First communion discount for regular customers – 40% or more …
We do not forget about our regular customers – we have also prepared a discount for communion expenses for them. The loan discount reaches as much as 40% and even more in this case. The discount that we have prepared especially for our loyal customers is available in the Customer Profile, visible after logging in to our website. With each subsequent loan, you can apply for an increasing amount, even up to PLN 8,000 thousand.