What factors are involved in determining your credit score?

Now that you have a better idea of ​​what a credit score really is, we can start looking at all the factors that come into play in determining your score. In total, five main factors affect your credit score:

 

Payment history

Payment history

One of the most important factors in your credit score is the history of your payments, both for your credit cards and for other credit products. Always be sure to make your payments on time and not to miss or be late for a lot. Some changes here and there are not likely to make a massive change, but if the delay in payments or delay becomes a habit, your credit score will certainly suffer.

 

Debt / Use

Debt / Use

This is to compare the amount of your debt to the amount of credit you have. If you constantly have a large balance or maximize your cards, your credit score will be quite low. They want to know that you can use credit appropriately.

 

Credit history / duration

Credit history / duration

The longer a credit card or other account has been opened, the better your credit score. Credit accounts that are new or have not been open for a long time are not as good for your credit as they have been for years. That’s why it’s important to think about which card to keep if you want to cancel it. It is always better to keep the older ones and cancel the new ones.

 

Recent investigations

Recent investigations

Whenever a lender or creditor pulls your credit score to review it, it takes a little bit of a kick. So, if you apply for multiple credits at the same time, your score may drop a bit. Again, this one is pretty simple and if you want your score to remain high, be careful how often you apply for a new credit over a short period.

 

Diversity of your credit

credit problem

The more different types of open and used credit accounts are, the better your credit score. This shows that you are responsible and can manage credits of all kinds from different sources. Of course, if you have a lot, make sure you pay for it and use it responsibly. 

As mentioned earlier, the higher a credit score and higher, the better. This can potentially allow you to get a better interest rate and a higher score is a vote of confidence that will allow you to get almost all of the types of loans you want. As a result, you will probably want yours as high as possible, but how can you do it? Fortunately, there are many ways to increase your credit score (in addition to the quick repayment of your credit card bill and your debts).

Borrow money to invest in real estate? Which can!

A new way of borrowing money is investing in real estate. Where people have been borrowing money for years for personal items, such as a house or a car, it is now very easy to borrow money for other things. People not only borrow more money for their own things. Saving is no longer a favorite nowadays, because it actually produces relatively little. Investing in real estate is becoming more common and that makes sense. By investing in real estate, you have something tangible in your hands. After all, you know where your money is. Investing in real estate is also a safe and reliable investment in times of crisis. For example, it is more stable than investing in shares.

Why invest in real estate?

Why invest in real estate?

Investing in real estate is first and foremost a fixed investment. You know what your money is in. By investing your money in real estate, you protect your assets against inflation. Many have money in their savings account, but nowadays you make little money from it. The basic interest rate of a savings account is extremely low, which means that you can actually withdraw your money from the bank just as well. Many people see investing in real estate as a good alternative to the savings account.

In addition, borrowing money for an investment has a low interest rate. So you don’t pay much at all to borrow a certain amount. Usually you already own a house, but you also want to invest in real estate, such as student rooms or studios. You can invest in real estate in various ways. First of all, you can of course simply buy your own home. This way you immediately have a roof over your head and you can resell the house in a few years. In addition, it is possible to invest in other properties. You can easily rent out these properties so that you can make a monthly profit.

How to borrow?

How to borrow?

Most people do not have sufficient funds in the bank to invest in real estate. That’s no problem at all. You often only need to have a part of the total amount in your account and you can also easily take out a mortgage loan. This can be completely customized, so that an investment in real estate becomes even cheaper.

The best way to invest is in real estate that is accessible to a large target group. The population continues to increase and we live in a home with fewer and fewer people. That is why the need for residential houses is great. It is therefore a wise move to invest money in this. The added value of the property when you resell it is of course interesting. Many buy a property in poor condition and then refurbish it and sell it again. You often buy the property for a jiffy, but can sell it again with a substantial profit. In addition, you also receive rental income. When you rent a property, you can deliver a certain amount every month. Your investment therefore actually pays double.

 

Personal mini loans in 10 minutes, easy and fast

Do you need fast money? Family or friends can no longer help you, it’s time to apply for mini loans online, you’ll have the money in 10 minutes.

To get the money you need you can try any of the 3 systems that are currently working:

  • You search on the Internet for the company you would like to use to get your personal loan, it may be rune that you have seen on television or heard on the radio.
  • You enter a comparator of credit companies, there are many and very good online. They expose all the information of each of the companies and you choose in which you request your money.
  • You use a loan request manager such as ours, fill out a form with your basic personal and financial data and we take care of looking for you the entity that is willing to grant you financing.

Why are online loans easy to get?

Why are online loans easy to get?

Online personal loans are a very simple product to obtain, it is intended for customers who need small amounts of money at specific times, and who will return it in a short time.

You save all the paperwork and time you need to get a loan in the traditional way through banks.

The application process is completely online, with no calls or questions so that you will need the money.

The requirements are very simple:

  • Have valid ID or NIE.
  • Be Spanish or resident in Spain.
  • Have a solvent and functioning bank account.
  • Email and mobile phone.
  • Be of age.

The documentation to request these credits online is also minimal:

  • Photocopy of the DNI or NIE, to prove your identity.
  • Bank receipt proving that you are the owner of the account you provide.
  • Some document proving that you receive stable income.

How much money can I request on credit?

How much money can I request on credit?

Normally in these non-financial entities online you can request from 50 to 60,000 euros.

Depending on the amount and time you plan to return it, the requirements and documentation vary.

It also depends on the amount of the credit if you will have to pay it back in a single installment or several monthly installments.

From Pancormoney we can help you when you need a loan of 1000 euros or personal loans of 30,000 euros.

Need a payday loan, but refused by the bank? What now?

Unfortunately, not everyone is eligible for a loan from the bank. The bank finds the risk too high to provide a loan and this is mainly due to the after-shock of the crisis. However, it is still possible to borrow money, as you can still qualify for a loan from the government. The government can help you in the form of buying shares, providing a guarantee or through providing a loan.

The Seed & Early Stage investment

The Seed & Early Stage investment

If you want to qualify for risk capital, you can contact the Participation Company Flanders (PMV). The Participation Company Flanders gives innovative starters the opportunity to get through the growth phase with their company. The entrepreneurs are supported by means of risk capital, which is also called the ‘Seed & Early Stage investment’. With this investment, the government becomes a shareholder in the company. It is also possible for the entrepreneur to take out a convertible loan with the government. This is a money loan that may later be converted into shares.

This Seed & Early Stage loan can run for 7 to 10 years. Not everyone in Belgium is eligible for this loan. The loan is intended for entrepreneurs who add something to Flanders. The intention is for the entrepreneur to come up with a good business plan. The plan must be thought out and substantiated. If the government sees something in your plan, you can qualify for this loan.

The Business Angels loan

The Business Angels loan

The Business Angel loan has been created for entrepreneurs who are not eligible for a loan from the bank. The BA loan can be obtained from the participation fund. With the BA loan, the entrepreneur is supported by a so-called ‘Business Angel’. This Business Angel supports the entrepreneur financially, but also helps them with doing business and giving tips. The condition for this loan is that the Business Angel must be affiliated with the Business Angel Network. Other conditions for this loan are that the entrepreneur may not have more than 50 employees, and the entrepreneur must realize an annual turnover of 10 million. Also, the amount borrowed from the BA may not exceed your own self-invested amount. The amount that can be borrowed with the BA loan is between € 70,000 and € 125,000.

If you want to be eligible for a BA loan you will have to present your project to the Business Angels Network. Different investors will look at your project, and you may find a Business Angel who can help you set up your business.

The Flemish Credit Broker

The Flemish Credit Broker

If you are not eligible for a loan, you can contact the Flemish Credit Mediator. This can help you in negotiating with financial institutions, so that a solution can be found. The Flemish Credit Broker is looking for alternative ways to help you with the money, so that you can start your business as usual!

Start your loan application here!

Special Check or Loan

Special check or loan? When someone needs money and has access to credit, it is a bit tricky to know what the best option is. For those who have special credit lines and also have pre-approved personal loan with fixed installments – what is the best way? That’s what we’ll see. \ Special Check – On special check you have pre-established credit limit, monthly fixed interest paid once every month of the amount used within the period. Overdraft is a useful financial product if you want to borrow money in the short term or in emergencies.

In this line of credit, you lend money through your checking account up to a certain limit to pay in 30 days, it may be interesting since your bank automatically offers you money without you having to request and go through bureaucracies, moreover in most banks the customer has a few days to use without any interest charges. Average interest rates are between 5.99% and 10.99%.

If you are not careful and fail to pay the amount or interest of the period, you run the risk of being charged on high costs and charges. By using the overdraft continuously the costs are not worth anything.

Personal Loan –

Personal Loan -

 

To have a little more peace of mind, lower installments because of the long term and a larger amount than the overdraft, you may want to consider that an unsecured personal loan is better depending on the occasion.

The personal loan that a bank provides to its client, usually are not protected with assets like your home or your automobile, are known as unsecured loans or personal. “They allow you to lend a larger amount than the overdraft.”

In this mode, you will know how much your monthly installments are and the term of the operation immediately. So, you can rest easy knowing how much the personal loan will get out of your checking account every month for the duration of the contract. The interest rate is usually pre-fixed, this way you will not face any unexpected additional costs.

The interest rates for personal loans revolve around 2.99% and 8.49%, however, it can be high if you ask for small amounts with very short terms. However, if you want to anticipate installments, this is possible.

Before hiring the Overdraft or Loan, check the rates, interest, charges, terms and all conditions carefully.

Predatory Interest – Find Out How to Get Rid Of Them Now

 

 

Predatory interest is more common than we can imagine. They are present in credit lines of the most offered by the traditional banks, which include a less rigorous process and count on the possible delinquency of the client, what leaves very high rates.

 

Find out when there is abusive interest

 

The abusive interest usually goes unnoticed by more inattentive clients, but it is with some basic calculations and comparisons that a specialist can conclude if there were additions beyond that indicated in the provision of credit service. Let’s understand better?

How to find abusive interest?

 

To find the abusive interest in the credit agreement, be it financing or borrowing, you must pay attention to the following details:

Contract: It is in contract analysis where you can find basic information about the service, such as total value of debt, quantity and value of installments, among other details.

Typically, the language of credit contracts is more technical, and most non-specialists in the field will hardly understand in a shallow reading, the quickest to sign the service contract.

Data: The law provides guidelines for what is abusive interest. For example, it is taking the date of signature of the agreement and comparing with the average interest rate published by the Central Bank of Brazil according to that service that is discovered if there is abuse or not in the amount passed on to the consumer.

It is worth remembering that it is not just a type of fees, but different interest that makes up this type of credit service.

 

How to avoid very high interest rates?

How to avoid very high interest rates?

The watchword is to search the credit options. There are many credit options in the financial market today, be it the loan itself or even the financing. Regardless of your purpose, research these possibilities and escape the villains.

For example, did you know that overdrafts and credit cards are the most expensive interest rate options on the market? The former revolves around 324% per year, second only to the second, which almost reaches 335% per year, respectively. To get started, then cut these two options off your list.

So, be patient and look at the options on the market, compare interest rates, and be wary of many facilities. And remember to use the internet in your favor, research the central bank’s website and interest the month, thereby creating a basis of comparison before hiring the credit service.

 

Most interest on the market

 

Most interest on the market

The more affordable interest rates on the credit market are more spread out, in different options even. Let us see, according to the data of the central bank, considering first the most affordable interest rate with average rates:

  • Loan with guarantee of property: 16% pa
  • Public Consignment: 24% pa
  • Consigned INSS: 26% pa
  • Loan with car guarantee: 33% pa
  • Private Payroll: 41,% aa
  • Personal Loan: 125% pa
  • Credit card installments: 174% pa

 

What to do with high interest rates?

 

What to do with high interest rates?

If you have signed a contract and it contains the abusive interest, then look for your right. According to law experts, after finding the high fees, the lawyer can enter with the so-called revisional action.

When the action is accepted, the financial institution will have to discount the amount that was paid more in the next installments or even to refund the amount exceeded to the consumer.

The lawsuit does not have a deadline to happen, however it is common that it does not take too long. The lawyer also looks at other possibilities and if the case is actually feasible.

 

Consumer Code addresses high interest rates

 

Consumer Code addresses high interest rates

 

More than simply doing the math, you have to be aware of legislation. According to the CDC (Consumer Protection Code), Law No. 8.078, article 39, item V, of 1990, “it is forbidden to the supplier of products or services, among other abusive practices, to demand from the consumer a manifestly excessive advantage” .

In addition to talking about interest, the code also talks about unfair contractual clauses. According to article 51, item IV, “contractual clauses related to the supply of products and services that establish obligations considered iniquitous, abusive, that put the consumer at an extreme disadvantage, that is, incompatible with the good faith or equity. “

To avoid high interest rates, just research, analyze and even talk to market experts. Compare yourself and do not quit closing the first deal. Remember that the situation gets complicated after signing the service contract.

What Can I Do To Earn Money In My Free Time? Loans

Sometimes, what we earn in our jobs does not come to us to face the end of each month with guarantees. That is why we often ask ourselves: what can I do to earn extra money that allows me to live these last days of each month with greater solvency and with total peace of mind? In this way, by having extra income, we will also be prepared for any unforeseen expenses that we have to face immediately. In this article we offer you a few ideas to know what to do to earn extra money that will allow you to live better and without so much economic hardship.
how to earn extra money

What can I do to earn money?

 What can I do to earn money?

There are classic jobs like walking dogs or taking care of children on the weekend that have always been used as a way to earn extra money. Others are less known. For example, make money by watching television. Broadcasters hire people to do audience analysis with them. However, in this new era of the Internet have proliferated the jobs to earn extra money online and, sometimes, without leaving home. All kinds of jobs that allow a certain freedom of schedules and the possibility of doing a job comfortably from home or using the Internet as a channel to earn more money.
A clear example is that of the people who live sharing their car and taking other users thanks to the web service offered by BlaBlaCar . One more way that the Internet offers us to get extra money or even get to live full time with a job of this type.

On the Internet, what can I do to earn extra money?

 On the Internet, what can I do to earn extra money?

What can I do to earn extra money? The network offers you many possibilities nowadays. Many web portals pay users for performing different actions. We will try to frame the ways to earn money online in the following way:
Websites: there are web pages that pay for different services. They are good alternatives to earn extra money. In Fiverr, for example, you can offer copywriting services, graphic design, translations … In Project Payday you are paid for testing products that are going to go on the market. There are many websites that pay for your services.
Selling things: creating a web page is very easy and a basic page can come at a great price. If you do not have time or you do not have knowledge, in platforms like Wix you can create one in a matter of minutes to start selling your own products or services. An idea to earn extra money that, if it goes well, can become your way of life.
Fill out surveys : a classic answer to the question of “what can I do to make money online” is to fill out surveys. They usually pay very little, although if you do not mind answering forms and surveys, it can be a good option to earn money in your spare time.
Monetize your blog : Do you have a blog? Take advantage to earn money! There are many ways to monetize a blog: affiliate marketing, advertising, create a space for members or subscribers, get sponsors and sell services or products.
Work from home companies : there are companies that allow you to work from your own home with total comfort and without limitations of schedules. Some of them are Demand Studios (creative professionals, filmmakers, editors …), Leap Force (to classify for Google the websites) or LiveOps (a call center that allows their telemarketers to work from their own home).
Make money with You Tube : the popular website pays those who upload videos, but to earn money this way you must have many visits, so the first thing you must do is to gain subscribers. Think of something that is good for you, talk about it and give it your distinctive and original touch.

Do you need an urgent loan?

 

Sometimes, not even with extra money we get to the end of the month. Worse still when we face any inconvenience (debt, traffic ticket …) that we had not taken into account when planning our expenses. If you need an urgent loan , Tom Wilcher helps you with your efforts. When we receive the application for one of these immediate internet loans , Tom Wilcher deals with the efforts to find the loan that best suits the conditions you have chosen. These efforts are made in record time, so in the best case you can have the liquidity you need in less than 10 or 15 minutes.
The process for applying for one of these quick and easy loans is extremely simple. In just two steps and in less than two or three minutes , you can request your urgent loan. That’s how fast and that easy. Use the two scrollable bars that you see in Tom Wilcher to choose the amount ( up to 750 euros ) and the return period (up to 30 days maximum). Choose your loan with your own conditions and request it today!

What Are They And How To Eliminate Bank Debts? Debts Rate

 

Bank debts torment many people in our country. The reality is that banks and certain financial institutions tend to make it “very easy” when it comes to lending money. It is tempting to get hold of capital to finance purchases or some quirk from time to time. The problem arises when you can not cope with payments on a regular basis.
If they taught us how to balance our finances at the institute, fewer people would end up in financial difficulties. Not only the prescription of bank debts is an inconvenience. When the return date of a loan happens, it usually brings interest or arrears. The number one rule to reduce debt is to cut costs. Number two is paying the installments in a timely manner.

The best ways to eliminate bank debts

 

The origin of bank debts

 

The origin of bank debts

Financial institutions offer loans with attractive conditions to customers on a daily basis. If in the past you undertook, but you did not succeed, you may find yourself facing the challenge of facing a debt. The reasons may vary, but the conditions are similar: you have to cover a few installments each month until you settle the total amount of the debt. It is not easy to face the payments if you do not have economic stability.
Not all businesses succeed or last long enough to generate profits. However, if you put the lock on your activity, the debts do not disappear. You will have to face them, even if you do not have a reliable source of income. If you are not in this situation, but you want to start, try to have enough savings to have a margin of action in the face of unforeseen events. Normally, savings to cover a couple of months of expenses are enough to be in the safe area.

 

How to adjust the belt without dying in the attempt

 

How to adjust the belt without dying in the attempt

Being honest, almost all of us have some dispensable custom that involves recurrent spending. For example, in my case it is coffee. I like to drink coffee and I usually invest about 50 euros a month, sometimes more. Well, when I had to adjust the belt a little I cut this expense. Did I stop drinking coffee? No, what I did was to change habits. Instead of drinking coffee outside – the comfortable but more expensive option – I brought the thermos with coffee made.
With a simple change in my routines, I was able to save a large part of that expense. This allowed me to settle my outstanding debts more easily on those occasions. When you prescribe a bank debt you feel freedom because you do not have to face that payment again. I was able to enjoy the cafes again wherever I went. And you, do you have any hobbies or habits that involve unnecessary expenses?
If you have ever thought “I can not pay my bank debts”, the first thing you need to analyze is your expenses. Everything that is not essential can be cut back. There are many possibilities to encourage savings, but you must find those that best suit your lifestyle and tastes. Smokers have a heavy burden with tobacco, which can cost more than 150 euros per month for a habitual smoker. However, for non-smokers this is not a concern.

How to get out of a successful bank debt

How to get out of a successful bank debt

The time it will take to get out of the outstanding bank debts depends on your financial situation. But, do not underestimate what you can get by adjusting your belt for a while. If you cut the expenses to the minimum you will have more solvency to pay the installments before the prescription of those bank debts. As the old saying goes, there’s no harm that does not come, right?
Of course, you will get out of the rut if you have a regular and stable source of income. However, the situation is not so simple for many people in our country. The self-employed or those who have temporary contracts – or seasonal contracts – are the ones who have more uncertainty. To get to the end of the month, you can resort to quick loans with little cost. Cratchit family is one of the entities that offer this type of services online from their page.
To leave behind the bank debts, you must establish an action plan that lasts until you make the full refund of payments. If you can not get a stable job, you may be able to get more than one temporary source of income. Some months, I have arrived at the end of the month with more ease due to specific work that I have been able to complete in parallel to my main activity.
When you have more than one source of income, it is unlikely that you will all fail at once. However, if you have only one temporary job and you lose it, you will be in the air until you find another one. It is possible to achieve economic stability through moonlighting. In addition, today it is possible to combine a job doing tasks on the computer from home (such as writing articles) or selling things you have at home. Years ago, I tried the purchase and sale of technology accessories, such as mobiles and batteries, with good results.

Mission to make ends meet

 

Mission to make ends meet

In this section, I am going to comment on what I consider to be more advanced techniques to obtain money to pay bank debts. On the internet, there are countless ways to earn money, but all of them require something: dedication. The positive side is that the investment is usually very low. For example, creating and maintaining a page that generates benefits with ads can cost around 100 euros per year. Start a YouTube channel could leave for free, you just have to record with a mobile or computer on a topic of interest.
So, where is the downside? These business models require a time to start generating regular benefits. However, there are no businesses that can start with less investment. An affordable alternative is to ask for quick repayment loans to plug holes at the end of the month. Those months in which it costs you more to pay the debts, supporting you in a mini credit can be the key to stay afloat.
To get paid a previous loan, not only does it matter when it prescribes a bank debt. It is also relevant to consider your needs in the near future. For example, will you have to pay for your studies? And if you need to pay for a medical treatment? You always have to have some margin for unforeseen events that can occur when you least expect it. If you do not have savings, you have to opt for personalized financing to get out of a rut.

 

Settle your bank debts soon

 

Settle your bank debts soon

 

When the goal is to reach the end of the month and pay your fees, all the resources you have are worth. Remember that cutting your expenses is not enough, you will also have to have regular income to make monthly payments. You must work on these two fronts at once to meet your payments in a timely manner. As an additional asset, accounts with online loans such as those offered by Cratchit family.
The conditions of this financial loans are compatible with the payment of outstanding debts. It is even possible to obtain financing with ASNEF to pay urgent amounts. You have all the information about the services available on the official page of this financial institution. Check today the conditions to have an extra help for your payments.

Payroll Loan Simulator for Borrowing

Credit simulator – The payroll loan was created in 2005 and from then on the modality has only evolved and entered the family of many Brazilians in the form of personal loans and cheap interest money. Although cheap interest is 15% per year. Need money everyone needs, some more less, and when the need gets bigger, payday loan, which is a type of loan directly discounted on payroll can be an excellent solution.

Payroll loans are accessed mainly by salaried employees, retirees and pensioners of the INSS, the option has lower interest rates than other bank credit alternatives. Today you can hire payroll from 1.5% per month on borrowed money.

In the online platforms of credit services, there are always doubts related to some type of operation, and the paycheck is no different. Knowing the amount that can be hired is exactly one of the facilities that the “Loan Portal” offers in its articles and specific pages like: the best online loan companies and factored credit rates and interest.

So we have credit simulators for both payroll and personal loan, they help you know more or less the cost of each type of loan. On the web several websites and fintechs online have their simulators, some offered only to clients, others have to do the registration and, also has free online credit simulator to use. 

 

For employees, beneficiaries and servants

 

For employees, beneficiaries and servants

 

It has been a while since retirees, pensioners, civil servants, and civil servants were able to take payroll-deductible loans, not currently, workers with a formal contract in which the company has an agreement with a credit institution or a bank can already apply for payroll without problems. Also, it is possible for anyone to do the FGTS, but that is another story.

 

Uncollected debts

 

Uncollected debts

The limit for each person to be indebted with payroll is up to 35% of income or net salary, eg if the citizen earns $ 2,000 net, the monthly discount can not be higher than $ 750. Of this total for consignment, 30 % are used for debts with loans and 5% percent for payments and loans with paycheck card.

 

Calculator and simulate consignment

 

This calculator and credit simulator below is free for anyone accessing the site, with it you can, for example, find out how much you would pay from monthly installment to a loan of $ 5,000 with 2.05% interest in 60 installments. How to make:

  1. Leave field “Parcel value and Total value” blank.
  2. Fill in the requested amount you want (ex: R $ 5,000)
  3. Enter the number of months and the monthly interest rate (for example, 2.05% per month)
  4. Click on “CALCULATE”, the simulator will inform the result of the monthly installments.

In this case, the value is R $ 145.59.

Online Personal Loan Simulator

Total Requested (Amount in R $)

Months Interest Rate (per month) Plot Value Amount

The Central Bank of Brazil maintains several pages to inform about the monthly and annual interest rates of each bank and financial in operation in the country, in the page you can find tables with the average interest charged by the banks, access this link for all types of credit: No consigned, rates are categorized by contractor profile, choose mode:

• INSS (for retirees and pensioners of INSS)
• Private (for workers with a formal contract)
• Public (for public servants)

It is worth mentioning that interest rates are applied depending on the profile, deadlines, type of operation and the relationship of the customer with the lender, in some modalities and evaluated the risk that it represents when contracting a loan.

One more important detail, the interest reported does not mean that the calculation will be on it, the value of a simulation, in general, is not inserted the extra costs with the collection of IOF and other fees, such as the rate of opening credit. Always ask for the calculation of CET (Total Cost Effective) to know all the costs that were included in the portion of your first or new loan.

Payday loan questions

 

Who is entitled to the Consigned Loan?
Some of the INSS retirees and pensioners, civil servants and military may take payroll deductible loans and, currently, workers with a formal contract that the company where they work has an agreement with some credit institution or bank and that have available assignable margin. Here are benefits that can make consigned What is marketable margin? Margin assignable is what defines the employer or paying agency as is the limit for discounts of amounts relating to the payment of payroll loans granted by banking and financial institutions. How to check the available assignable margin? It is provided by your employer, private or public. If there is no margin available on the paycheck, check with the people or HR sector of your company in the case of private employees.

 

Paycheck credit x Check and Card

 

Paycheck credit x Check and Card

According to a survey by Anefac (National Association of Finance, Administration and Accounting Executives) shows that in October the average interest rate charged on the overdraft was 12.18% per month, credit for card use was 12, 84% per month and that of the payroll loan was well below: 2.19% per month. The personal loan has slightly higher interest rates: 5.3% per month.

This exorbitant difference between the modalities occurs because in the personal credit consigned the creditor institution has the guarantee of the payment through the discount made directly from the payroll of the contractor of the loan.

 

Compare interest rates

 

Compare interest rates

Payroll loans

2.19% per month

Overdraft

12.18 % per month

Credit card

12.84% per month

 

Advantages and disadvantages

Advantages and disadvantages

Advantage : for those who take a loan on consignment, according to this precisely in the amount that can be requested and the low interest rate. The contractor also has the advantage of being able to hire consigned even negative with dirty name and due in banks.

Disadvantage : It will be deducted from the salary, salary, income or benefit up to 30%, this means that every month for the period of the contract that is awarded in 12, 24, 36, 48, 60, 72 and 96 without such amount, eg: for those who earn R $ 1,000, will only receive R $ 650 per month until the end of

Consigned for unemployed?

Payday loan questions

Well, I used the payroll loan simulator to borrow , I hired a bank in 60 months, I got the money, I spent it, and after 18 months I was unemployed – now what?

In the payroll for beneficiaries that will not happen, but payroll for employees in the event of unemployment, the lender (bank or financial) can use up to 35% of severance pay to perform discharge of the loan. If the balance of the debt remains, the bank may charge for a current account or bank slip until the remaining debt ends.

Use and abuse our online credit calculator!