Pending accounts? The negative effect of debts

How dangerous are debts. People lose their home mortgage, states start wars. The negative effect of debts makes our lives and economy at risk. Debts exist at the beginning only on a paper which commits in a contract to pay a credit. If not, the bank seizes it, for example your home. Who gets into debt to buy a car, buy a home or pay for vacations, is at greater risk.

Who is indebted to invest, for example as a lessor can and even have a profit.

Who is indebted to invest, for example as a lessor can and even have a profit.

 

From debts, a whole financial industry subsists. They negotiate with debt instruments and bet on bankruptcy.

A country is seriously threatened when its debts exceed its gross domestic product.

Likewise, a person is at risk when requesting credits that he cannot pay.

When we cannot pay the bills, it is there that the negative effect of the debts takes its course.

The risk increases over time. Not paying on time will cost you more interest.

Tips to free yourself from the negative effects of debts

cash

– Cut expenses. This means making sacrifices, not giving us as many tastes as we used to.

– Restricts the use of credit card. Rather try to pay as much as you can to lower interest rates.

– Reduce trips to restaurants or parties. If they invite you, nothing will happen if you say no.

– Compare prices of home or personal services such as the internet or your cell phone plan.

– Spend less, invest more. Find a way to use your money to make investments and even just what is necessary.

Manage a family budget and plan for tomorrow.

Manage a family budget and plan for tomorrow.

– Do not waste, on the contrary it saves. Saving will be essential to achieve a dream like buying a new house or a new phone.

– And finally, work with the cash culture

Where to find the most convenient refinancing loans?

That individuals have a disadvantageous loan. This isn’t always so strange today. This could happen for two reasons, the very first being that there were forget about offers at the time of the application for the loan and that person had used the first offered loan instead of the one that was the most beneficial. The second reason may be that advancements in the banking and non-banking markets have changed. That which was advantageous before may not be advantageous today.

How to solve the situation? Is actually pretty simple. It is possible to address a current bank or non-bank firm with a request for an advantage. If this does not meet with success, addititionally there is option number two, that is refinancing loans. In practice, it really is about transferring them somewhere else. In this case, it is necessary to look at 3 aspects right away. These are:

  • Amount of payment
  • Duration associated with repayment
  • Rate of interest

Since the refinancing of the loan emerges by a wide range of providers these days, it is good to know who will be among the best. That’s what we centered on. To begin with, please note that the info is valid at the time of composing and publishing this article.

Transfer of mortgage from Cashmolis

Transfer of loan from Cashmolis

The very first option we look at is usually associated with the largest and also the most widely known bank in the country. Transferring that loan from Cashmolis is the item that is definitely worth wondering and searching. This is because we are able to classify it as a very good option. The main attraction this is a total interest rate of five. 9 percent. But they is not going to disappoint other parameters that could be associated with the new loan.

Another plus is it is possible to refinance or even transfer an amount of up to CZK 700, 000. Depending on this particular, it is also a fact that you can pick from a very interesting maturity. Just for smaller loans, 12 months can come in handy. For the bigger to the largest, it is certainly useful that the amount could be repaid for up to 120 a few months, which is basically 10 years.

mYBank refinancing financial loans

mYBank refinancing loans

We go to an additional option, which is mYBank re-financing loans. This bank is principally known for its innovations and exactly how it can approach clients. And also this shows this possibility of re-financing. Those who apply for it can provide their loan quite a substantial advantage, thanks to an interest rate that will starts at 4. nine percent. The benefits are also authorized by other things where we are able to specifically include just the subsequent:

  • Charge for provision – zero CZK
  • Administration fee – 0 CZK
  • Early pay back fee – 0 CZK

With regards to the characteristics of the transferred mortgage, it is possible to transfer one hundred 1000 crowns less than in the previous situation. It is therefore possible to exchange the amount of 600 000 Czech crowns. From this is after that created a new loan, which could have a maturity of one season, or 12 months, up to an amount of 84 months. This is within the hands of the client themselves.

Eicredit re-financing loans

Eicredit refinancing loans

One of the most fascinating lenders of recent times. However, it could be called Zonky. The reason being it falls into the P2P loan segment, where those who have the status of traders for specific loan applications. The particular loan refinancing Eicredit display that applicants can each receive a new loan plus refinance an existing loan. This particular applies to the same favorable rate of interest as new products.

If we are specific, this particular P2P loan mainly draws in the opportunity to reach an interest rate associated with 3. 99 percent. In relation to the parameters of the moved loan, it must completely correspond to the parameters that this new loan may have. Particularly, we are talking about the maximum move of 500 000 CZK and take advantage of the offer associated with repayment, which, compared to the competition mentioned already starts with 6 months. The longest time period is 84 calendar several weeks.

OneLoan Financial institution Credit transfer

OneLoan Bank Credit transfer

We will a bank that has continued to be in the background of huge or small innovative variants in recent years. However , it should not have to get forgotten, as it clearly plus well shows that it has a great deal to offer to money searchers. The amount is very interesting. OneLoan Bank The transfer from the loan will enable the particular transfer of an amount of CZK 1, 000, 000. However the pros definitely does not finish there.

The eye rate that can be attained is not really neglected either. This is an excellent 2 . 9 percent. The particular loan can be advantageously actually very significant way. When it comes to repayment period, it will not dissatisfy. We can label it as being a period that is basically regular. This is clearly confirmed with the fact that the shortest time period is a year or a year and the longest period is certainly 96 calendar months.

Aquoris Bank ReLoan

Aquoris Bank ReLoan

Small, modern plus innovative bank. And as quickly as you learn, it is a financial institution that can be described as the one that can be convenient. Aquoris Bank ReLoan is our clear champion. It is true that the amount, it lags somewhat here. But it is not substantial, as the maximum amount could be transferred in the amount of six hundred 000 crowns. Furthermore, you will find only pros.

The first concerns the length of pay back. It starts at six months, which is useful for those who would like to get rid of their commitment as quickly as possible. The maximum maturity of 120 months, or 10 years, will be perfectly suited to anyone who chooses to transfer the largest amounts. And what about the interest rate? It really is 2 . 90 percent, that is the same as the previous option. However it should be added that Aquoris Bank ReLoan has to that end several percent more advantageous APRC, which we have to deservingly put it first.

Manual to survive your credit card

With proper handling, the credit card turns out to be a tool and an indispensable ally to obtain economic facilities that give you immediate solutions.

The problem comes when you exceed the use and fit of your credit cards in unnecessary purchases. On the other hand, ignorance of the correct functioning of the cards can have an impact on your pocket.

According to data recorded by the Superintendency of Banks (SIB), at the end of 2018, credit card loans represented 6% of the portfolio and debts with plastic money represented a growth of 12%. In addition, the credit portfolio for consumption through cards in Guatemala totaled $ 1,464 million, 12% more than the data reported at the end of 2017.

How to have a credit card and survive to tell it?

How to have a credit card and survive to tell it?

  • Use it as a last resort

If you do not have economic stability, try to use it, if possible, for expenses that you can defer to a single fee. This is the only way to prevent your purchases from generating interest. Using it as a means of financing to pay credits or education, in the medium and long term, makes you pay twice and sometimes triple what you thought at the time.

  • With one card is enough

If you have the need to purchase one, do your best to make it the only one you drive. In this way you will know the limit of your credit and you will not be tempted to make excessive and meaningless expenses that affect your financial well-being.

Differences between the cut-off date and the payment date of your card

Differences between the cut-off date and the payment date of your card

The cut-off date is the day stipulated by the bank as the end of the record of the purchases you made during the month with your credit card.

The payment date is the last day offered by the bank to pay the fee for the purchases you made during the month. Usually the bank sets the payment date 20 days after the cutoff date.

You should keep in mind that if you can make payments or payments in advance of your payment date, you will avoid default interest and free up quota for future purchases.

  • Say NO to progress

This modality of the credit card allows you to withdraw cash at ATMs of the financial institution. The disadvantage of this function is that the banks automatically defer the term to pay said loan, in many occasions, from 18 to 36 months, which generates a high amount of interest.

  • Security

Thanks to the cards we can access the purchase of different products or services through national and international web portals, a process that facilitates our desire to buy, but which is extremely risky if you do not have the precautions of the case. Therefore, it is very important that you verify the security of the web portals you access before entering your password to avoid cloning and make purchases in your name.

Credit card with a debt

Credit card with a debt

If these tips did not arrive on time in your life and you already have a credit card with a debt that is a stone in the shoe for your finances, the best decision you can make is to request a Good Finance Credit to consolidate that obligation and make a Immediate payment. This will not increase bank interest and you will not have to pay the bank more than you actually spent.

Remember that if you need a totally free financial advice on credits to make your dream come true, you can do it with Good Finance Credits, with custom-made fees, no surety and in less than 24 hours.

These municipalities offer the most cottage for the money

criterionDescriptionSourceLength of stayThe average length of stay in holiday homes in Denmark per municipality is calculated using Boliga.

The bedtime is calculated based on the homes that are for sale right now.

money cash

Boligaland taxLand tax, also called land tax or property tax, is a tax on the very land that you own and are collected by the municipalities.
TURX performs an assessment of your reason called basic value. In addition, the municipality in which your holiday home is located establishes a basic debt profile between 16 and 34 in each municipality. What you have to pay depends on the basic debt profile in relation to the basic value. If your municipality has a per capita of 25, that means you have to pay 2.5 percent of your basic value in tax. The basic debt in this study is calculated on the basis of the basic value of an average single-family house in the municipality from 2013-2018.

The basic value is compared to the basic debt profile of the given municipality.

money coins

This is calculated by Bolius.BoliusBurglary per. inhabitantThis criterion is calculated by finding the average number of reported burglaries in housing in the municipalities over the past 5 years. The average number of burglaries in housing from each municipality has been compared to the number of inhabitants in the municipalities. Thus, the average break-in per. per capita calculated.StatbankSquare meter price in kronerThe average square meter price in Danish kroner on holiday homes per municipality is calculated by Boliga. The square meter prices are calculated on the basis of the homes that are for sale right now.BoligaDevelopment in cottage pricesThis criterion is calculated so that the average square meter price in Danish kroner on holiday homes per.

Home loan: Forget leases

It always catches my attention how some families or couples who earn very well continue to pay rent for years, without realizing the dream of their own home. And this is because buying a house is not an easy decision, except a unilateral decision. But above all, this indecision occurs, because sometimes we do not have a short-term financial plan, less in the medium or long term.

To get the house of our dreams it is necessary to define three themes with our partner:

 

What expectations do we have of the space and environment

What functions do we want to fulfill: room, office, exclusive parenting, etc .; about the environment, what services we want nearby or if we prefer a retired place.

 

Quote the house of our dreams

home loan

Once you have defined step 1, you can use several of the real estate websites, applications for smartphones or one of the many real estate magazines that exist in the market and take price ranges according to the location, space and conditions that you want your home to have. It is important to clarify that it will influence the price if it is a future good or a well built, number of rooms, close to parks, avenues, with or without parking, if it is a closed complex (and the benefits that this contains) etc.

 

How much we are willing to save to pay a monthly fee

home loan

If they still manage separate budgets, it is necessary that each separate fixed expenses (electricity, water, telephone, lease, gasoline or transport, market etc) and put aside all the money they could save, committing it to reach the goal and avoiding falling into superfluous expenses

Once these three points have been agreed, we can opt for financing and for this we must do the following:

  1. Enter and compare housing loans Placing the amount of the property we want to buy and calculate according to total income (both spouses) how much is the time and the fee we should pay.
  2. In order to think about the purchase of a real estate property, it is always necessary to have an initial fee, depending on the type of housing, this must be at least 10% of the total value (if they apply to housing subsidies), if they are not entitled to the subsidy value ranges between 20 and 30%. In that case, the first thing you should do is open a scheduled savings account. This account is a type of savings that banks offer with all the benefits and security of a savings account but with less facilities to withdraw money, so that it is not money that is easily spent but remains saved and should go growing month by month with the deposits of the spouses to seek to reach the goal of the initial fee, the first step to have their own home.
  3. Set a short-term goal to reach the desired amount.

If it was useful, tell me and in my next post I will help you choose the financial institution for your mortgage loan.