Author Archives: Cynthia Osgood

We provide online debt consolidation loans

If you are short on your budget, perhaps consolidating your debts is a way to save. Find out here if online debt consolidation loans are the option for you. Lowering the amount you pay monthly in debt is easier than you think. There are services in which we can make some adjustments to pay less (water, electricity, telephone, etc.). There are other payments such as the furniture loan, the payment of store credit cards, and other debts in which you can do something to lower the amount you pay each month.

For example, if paying your credit cards you are one of those who make the minimum payments, perhaps you have not verified how much your balance due has actually gone down, to estimate if paying a little more is the most convenient for you.

We recommend you do the exercise of consolidating your debts, and you could discover a new financial opportunity for your benefit. A personal loan could help you reduce the number of creditors. By paying a single financing interest, you can save the interests of different creditors. In the end, you could only have one monthly payment and depending on the loan amount, reduce the time you would pay the consolidated amount of all your debts.

To know if this is an option for you, you should look closely at your finances. Alberto Paanan, Director of Financial Education at Cruel Bank. Jason Porcht recommends that you first establish what your goal is; In this case, shorten the debt time or reduce the monthly payment.

Know the debt you have with each creditor.

You can find the information in the credit card statements or in the contract you signed when you were granted a loan. If you do not have them at hand, call each trade, bank and cooperative with which you have debts that you want to consolidate.

Review the interest rate you have with each creditor. Calculate the due date of each debt. Add all debts, so you have the real balance in black and white. Evaluate the loan options that J. Jason Porcht offers you to consolidate the total balance of your debts. Ask the average interest rate and the number of years if you make the minimum payment. This way you will know if the transaction suits you or not.

A young professional has three debts that he wants to consolidate: a personal loan and two credit cards.

money loan

Debts

Total to pay Monthly payment Interest rate Pending payments

Personal loan

$ 11,550.00

$ 350.83

10.50%

39 months

Credit card

$ 8, 447.03

$ 169.00

16.99%

87 months

Store Card

$ 492.71

$ 25.00

24.55%

25 months

Total debts $ 20,489.74 $ 544.83    

The interest of a new loan to consolidate will depend on the score and credit history of the young person. If the young man consolidates his debts with a loan for $ 20,500.00, seven years, with an interest rate of 7.49% APR (Annual Percentage Rate ), he would pay $ 314.33 per month. If the loan is approved with a 13.50% APR, your monthly payment would be $ 378.53, for the same term of years. The young man would have a minimum savings of $ 166.30 ($ 544.83 that he pays to the present - $ 378.53 that he would pay at 13.50% APR). This would allow you to have more money in your pocket. It all depends on interest, because the higher it is, the less money you will have available to save.

The exercise also demonstrates that the consolidation loan would allow you to shorten the payment time of one of the credit cards or extend it.

money loan

For example, according to the table, if you make only the minimum payments to the bank's credit card, you will pay it in about 87 months; while with the consolidation loan the time will be reduced to 84 months (7 years). However, if the young person makes adjustments, he could very well settle his store card in a few months, without having to include it in the consolidation loan whose interest could be higher than the rate of his current personal loan.

As you can see, the important thing is that you carry out the exercise with each of your accounts and discover what your financial picture really is. A loan to consolidate could help you have a lower monthly payment and even shorten the payment time. The important thing is that you use the money you save for what you need or invest in what you like and not to re-engage in many debts that do not allow you to float.

Given the importance that is given to credit checks, many people are denied the ability to get a loan when they really need it. However, when applied through the web, it can do so even when it has a bad credit history. There are some lenders like FLM Credits that do not perform credit checks and, therefore, people can benefit from obtaining loan offers from such lenders.

One never has to worry about credit checks that consume a lot of time with such lenders.

One never has to worry about credit checks that consume a lot of time with such lenders.

Being able to take a loan is a very useful thing to have. It is possible to have so much debt that it will not be possible to qualify for a mortgage. Take care that your debts do not exceed half of your income on repayments. The more income you have available to make repayments, the more likely you are to get approved for a bond. You must also not get blacklisted. Each blacklist will prevent you from getting approved for a loan. Standard bank home loans are given only to those people with a good credit history and have no black listings. Even late payments on the bills can get you a poor credit rating.

There is a big bullish story in China.

There is a big bullish story in China.

But, as with other emerging markets, it is a longer-term story, hinging on the day when these countries really move forward towards weaning themselves from the economic crutch of exports to the West. We are closing up this point, but we are not far away yet.

You can get low-cost loans to finance your expenses.

You can get low-cost loans to finance your expenses.

These expenses are typically the purchase of a car, home renovation, college fees, pending bills, and debt consolidation.
However, a tenant who has no choice but to go for unsecured loans (without collateral) can also find the cheapest loans. Within unsecured category loans the competition has grown. Unsecured loans are cheaper options when it comes to increasing small amounts. To get cheaper loans you should compare the loans and then make up your mind.

When you talk to your lender about your financial difficulties and ask for help, they refer to a non-profit company (those are debt consolidation companies, disguised as a lamb). Non-profit sounds very noble. You go for it and put your life in their hands. They offer financial education, debt advice and debt management. You have heard everything, but hope for something extraordinary.

Bill put together a credit card repayment plan. He started to live a little more frugal, make some extra money, black work, and pay more on his credit cards than the minimum. He was diligent, but not always perfect. Even if it took several years, he finally got out of debt. He also kept his home and even created a small nest egg. Bill did, and you can too.
But not everyone is in debt. Many people know how to deal with money. Their debts are manageable, and they have money in the bank. That sounds nice, isn't the money in the bank true? This is what you deserve. To get there though, you're going to have to change some of your money thinking and learn some new methods to deal with it.

The economic and political crisis of the country is affecting the pocket of the Brazilian population. It is not difficult to find news about falling consumption, rising unemployment, rising inflation and others. Given the current scenario in which Brazil is experiencing, the demand for fast loan has increased, and there are people wanting to take advantage of the moment to perform loan scams. Following are the precautions that must be taken not to fall into the scam of the loan.

 

How does the loan scam work?

loan scam

There are some websites and even companies that pose as institutions offer credit, but it's all a scam. They deceive consumers and take their money.

One of the gimmicks they use for this is the request for early deposit, a practice that is illegal.

If any lending company requires you to make an early deposit for credit release, drop out as this is a scam.

 

Confirm that the company really exists

Knowing where you are taking money from is essential. If you have never heard of a company offering a personal loan, check with the LifeCore Bank, phone 143, or through the website, if the company is authorized to make such loans.

Also, there are some tips on how to check if a site is reliable for loans , which have been listed by Wantico. Remember, for example, that social media can be your allies in the search for the truth of the information given. Survey the opinions of customers on Facebook, Twitter, Complain Here.

Worth reading customer reviews about the company on Facebook, Claim Here and other social networks. If you have a friend who has already borrowed from this company, ask your opinion.

To pay attention and get rid of fraud and loan issues, here are some more reasons to watch out for and some tips:

  • Be wary of companies with excess facilities. For example, you do not need to send documents, it requires little data;
  • Note the interest rates charged and the Total Effective Cost (CET);
  • Do not accept to repay the loan with deposit in individual bank account;
  • Seek consumer protection agencies;
  • Keep the loan advertising material as it forms part of the contract and the information given therein must be fulfilled;
  • Check which financial institution is working with the site;
  • Make sure you can repay the installments set for your loan without affecting your family budget.

 

Loan Scam for Negative

Loan Scam for Negative

Negative people may be more susceptible to loan scams as they have a difficult time. In this case we need to observe the same points we listed above and pay even more attention.

Remember that malicious people may come up with offers that seem to be the solution to your problem. However you must be very careful not to fall into a scam.

 

Beware of your personal data!

A fraud can be discovered in some flaws made by the fraudsters themselves. For example, if you are making a loan through your checking account and apply for your credit card number. Would you share? The answer is no! Why? If the credit is from your checking account, there is no need to share anything other than your bank details. So why use your credit card numbers?

 

Advance deposit loan does not exist!

deposit loan

We have already spoken here, but let us highlight again: do not make advance deposit loans. This is scam! If someone offers you a loan but says you need to make a deposit first, pay an amount, run away, because it's a trap!

Open the police report at the nearest police station in your area. Gather as much information from the fraudsters as you can. Watch out for the next opportunity not to fall back on a similar blow.

 

If you know well, you will know the great benefits of online personal loan.

If you know how to recognize a trusted online lending site, the benefit may be greater than everyone thinks.

  1. Interest rates are better than many banks and financials, as there is no operating cost;
  2. The process will be faster and less bureaucratic;
  3. The loan application can be made at any time;
  4. You do not have to leave home to be able to receive the money.

Do you have control over your debts or do they have control over you? Answer honestly and see if you fit any of the signs below that you're sending your financial health away.

7 signs of loss of control

So, ready to know the signs of lack of control?

1. You hide what you buy

2. You are paying only the minimum credit card installment

Have you ever seen yourself buying something and hiding the action of your partner, family or friends? For this is a great warning sign. People often do this when they fear another's judgment about the purchase, a fear that only comes when they know they bought something they didn't need or couldn't at the moment.

 

2. You are paying only the minimum credit card installment

Did you spend much more than you could and could only pay the minimum portion of the card? This is a serious indication that you have lost control of your debts. And in this case, it is necessary to act quickly, since the interest rates of this type of operation are very high.

 

3. Consider your gross salary for shopping

3. Consider your gross salary for shopping

Do you know how much you receive per month? We are not talking here about salary, which is what is recorded in your work card, but what goes into your checking account every month. If you needed to answer this without making an appointment, would you know the exact number?

Well, if you have no idea how much you get, there is a big problem, after all, when considering buying something, ends up taking into consideration your salary without the discounts. This is an error that can be easily corrected. To do this, just pay more attention to the pay stubs received monthly.

 

4. Avoid talking about it

When you are not happy with a situation, it is normal to avoid talking about it to avoid conflict. When it comes to your finances, you should turn on a warning sign.

Are you avoiding commenting why you know you spent more than you should?

 

5. Can't go a day without buying something

5. Can

When you shop without thinking, out of compulsion, you spend more than you need and more than you can. This type of behavior can easily lead a person into debt and it is very important to try to regain control.

If it is a more serious case of compulsion, you can seek help from friends and experts.

 

6. Mind about how much you paid for things

Are you ashamed to say that you paid dearly for something or bought something expensive you didn't need? For the warning siren should be well on, for clearly you already know that you have spent what you should not, but you do not want to admit to yourself.

 

7. Always postpone debt resolution

7. Always postpone debt resolution

If you have identified that you have debt, the best time to start solving this problem is right now. The longer you postpone it, the bigger the interest rate cake pays.

I return to the topic of the spiral of debt, because this topic is constantly scrolling on various internet forums. I am in debt, I am looking for the last resort - such entries are not uncommon.

First, we get into debt, we lose our job, for a while we try to patch up the hole in the household budget, aggravating its deficit.

Nervous movements cause stress, ending in illness

bank

Therefore, getting out of the spiral of debt is a special therapy that, if well-structured, can lead to a way out of the crisis. It is very important to change the attitude. One of life's truths says "thoughts become things." When we think about bills and debt, we attract it to ourselves.

So you should develop a repayment plan and start thinking about earning. Summer is a time where you can, of course, want to earn a good sum. For example, I am talking about fruit picking - blueberry, cherries, apples. You just have to want. Do not sit in front of the TV for days, just act. Tell yourself, "I'm important," or " I'm important ." We can leave the spiral of debt only by taking action:

  • we are looking for a better job,
  • we are looking for seasonal work
  • we can borrow from parents, siblings, friends, etc.,
  • we can marry richly
  • and finally we can change the way of thinking and try to solve problems by ourselves.

I think that for your own well-being

I think that for your own well-being

The most important thing is always action - not closing in such a life emptiness, hopelessness, just seeking solutions. Seek and you will find, knock and they will open for you. These main truths taken from the Bible show the essence of our lives. Act, get up earlier, enjoy every day, do not complain about the world, crisis, health.

Do not reply to a friend on the phone "old bida" when asked what's up. But answer him: "I expect the best," or something
"I expect a miracle". After all, every day lived is a miracle. So change, be a master of life , live differently, more happily, knowing that a better life awaits you.

I wrote about it once, either on this blog or on the other, regarding company financing.

But to better show the situation of an indebted person, I will use an example again. Well, dog flea - the record holder can jump to a height of 25 cm, the average jump is 15.5 cm.

Do you know how a flea behaves in a jar?

bank

This happens in the wild, because when it is caught in a jar, for some time it tries to get out of it, then adapts to the situation in which it finds itself, jumping only to the height of the lid.

When after some time we unscrew the lid, it turns out that the flea is still jumping to this limited height. She was taught to live in such and no other conditions, she was used to the comfort zone that prevailed in a closed jar.

Do you also act like that flea?

bank

Well, just like this flea, most of society behaves. The comfort sphere, which is programmed by the media, banks, retail chains, etc., sets the rigid framework in which the family lives.
Such frameworks are life from Christmas to Christmas, from promotion to promotion, from credit to credit, from loan to loan. The frames that limit other views of the surrounding world are so strong that it is very difficult to free yourself from them. You have to have a lot of strong will and your own point of view.

We do not have to imitate anyone, follow the example of celebrities who, for me, are not such ideals that they are a worthy model of all virtues and conduct.
But today I want to focus on many millions of indebted people who are unable to leave their comfort zone, which is living in debt.

Once taking the first loan, the first loan, they became slaves to the creditor - a bank, a loan company. And this zone has such a strong impact that it begins to drill not only the pocket but also the human mind. Like a disease that, if left untreated, overwhelms the whole body. From this moment on, a person in debt starts behaving like a flea in a jar.

Overwhelmed by debt mania

Overwhelmed by debt mania

A person stops thinking logically, wanders the city streets obviously not because of the desire to visit or health. He traverses them only to look at banks or credit bureaus. to find out if they have any new offers.
Yesterday morning I met a lady, a client whom I once helped to get out of debt.

She was practically on a straight line and fell into a credit spiral again. She told me that she had loans at every loan company and that she would probably never leave them for the rest of her life. He takes one loan, pays it off with another. And such a carousel has been going on for several years. Instead of savings - debts. Instead of a peaceful life - stress.

Before a debt becomes a snowball you cannot afford, it is best to go after ways to renegotiate it. There are already 59 million delinquents in the country, which is why financial institutions have also provided facilities for debtors. If you want to renegotiate debts , be aware that there are even applications that can help you.

There are several ways to pay off your debts by paying less interest. Check out the selection we made.

 

Ways to renegotiate debt

debt

 

There are several applications that allow you to negotiate debt value without having to leave your home most of the time. They are available for Android and iOS.

 

Debt

Tasken company app that promises to end embarrassment, as the customer does not need to make a call or go to the bank to negotiate a debt quickly and securely.

In this app you can track debts with Debt's lenders, print slips and make deals. It is available for Android and iOS systems.

 

Recovery

Debt

App created by Recovery company that allows you to generate discharge letters with your creditors at any time of day, allowing you to negotiate debts. In addition, it is possible to check salaries and generate duplicate slips.

 

Lorasa Consumer

The Lorasa Consumer app can query if your name is dirty. This function is free and gives you the possibility to settle your social security number.

There are companies that make available through the app the debt payment slip and others that offer only the contact for renegotiation.

For iOS system users the news is bad as the app only runs on Android.

 

Bank Applications

Bank Applications

 

Several banks have been betting on applications that allow the customer to renegotiate debt. Goodlink Bank, Itaru, Chisa and Sanbuwan are on the list.

 

Online loan

Online loan

 

Eventually you have a debt but are unable to repay it even with the renegotiation of the amount. One option in this case is to seek a lower interest credit that allows you to make the debt transfer and thus repay the amount.

Fundico, for example, allows you to take out personal loans online. The Total Effective Cost (CET) of this credit ranges from 3.48% to 5.64% per month, depending on the analysis and installment of the proposal.

We have separated important tips for those looking for a loan online. Here's how to find out the best credit options.

When we have any financial unforeseen circumstances in the personal field, whatever the reason, we first go to our parents, friends or very close people, because they will borrow the amount we need and the interest rate is almost nil, and in most cases, It doesn't even exist. But when can we not count on this alternative? How to get a fair loan comparison and close the best offer? We have selected a few tips to help you make this choice:

 

Don't be afraid to search for loan

Don

Use and abuse online search engines, such as Google, to search for the best personal loan rates. Using words related to what you are looking for will bring important results in your search. But beware : Not everything we find on the internet may be true, so it's important to be aware of the kind of information you include on unfamiliar websites. We even have a post talking about how not to fall for loan scams.

 

Ask your parents and friends

Ask your parents and friends

Maybe your parents have already gotten a personal loan in the past, so they can give you a great suggestion on where to get credit. Talk without fear and ask your questions.

After family, you can talk to friends, after all, friend who is friend always has a good tip for us to give. Unfortunately, some people still treat personal loan as a bad thing when it is not. After all, credit to which we have credit card access, for example, is also a personal loan line, you know? So if you remember a friend who has had this operation in recent months, call him to talk and see which options he considered when comparing. Remember that an acquaintance's experience can help you not to make mistakes.

 

Browse online personal loan sites

personal loan

With the advancement of the internet, financial companies are increasingly incorporating technology into their operations. They are called fintechs (the term is the junction of technology and finance). Companies such as these offer solutions to customers underserved by financial institutions, such as the credit card offered by RuBank , which gives customers the option to apply for a credit card without being connected to a bank.