When Is It Worth Getting A Loan?

For those who suddenly need a larger amount because, for example, damage to the apartment or a medical treatment needs to be paid quickly, the loan can be a great tool to fund them. In this case, the loan will help you quickly. Let’s see when it comes to applying for credit!


Is it worth borrowing?

Is it worth borrowing?

There are several types of loans to choose from: if, for example, a home purchase is made, the home loan is the right one, but if you suddenly need money, then personal payday loans are usually the best. The advantage of the latter is that they can be used for anything and they are relatively easily accessible to those with redundant income.

You can get a personal payday loan in case of an emergency when an event is unprepared, such as death, and you have to pay for the funeral, a wedding or a medical treatment. The loan may also come into play if unexpected damage occurs in the apartment or in the car that needs to be repaired quickly.

Loans can be good even when there is an exceptional opportunity to buy a car, items of goods or even real estate, but there is not enough money left out and it is worth paying for monthly repayments. Loans can also be a good way to settle high-interest loans or, for example, if you want to start a business and have a start-up capital.

In general, this loan is recommended when you need money in an emergency or when you want to buy something that can lead your life and be a good investment.


Responsible decision

Responsible decision

It is worth considering carefully whether the loan is really necessary before you take it, because the loan is always a great responsibility. It is not necessarily worth indebtedness because of a Christmas gift or a trip. It is necessary to calculate exactly what amount of money is required to apply for the really necessary amount and it is important to choose the most appropriate construction for the appropriate financial institution. You should also make sure that you can afford the monthly installment for the entire term.

Utilizing Credit Card Promos in Ramadan. Is It Plunging?

Not felt, in just a matter of weeks we will enter the month of Ramadan. The month is full of blessings, as well as a month full of expenses. Uniquely, even this month there are also various credit card promos that you can use to get various items at a much easier price. However, on the one hand you also need to be careful, because if not a credit card promo can even backfire. Instead of appearing as a solution to be more economical, you are even more wasteful.


Credit Card Promo in Ramadan

Credit Card Promo in Ramadan


Reporting from Kontan, there are various credit card promos that you can use to get cheaper prices. For example, XXV credit card promos vary from homecoming needs that can be found in travel agents, hotels, and clothing needs and household needs with a 0% installment program.

On HNN credit card promos, you can also get the best prices for various products in the travel, restaurant and clothing categories. In the dining category, of course, it will be very beneficial, especially if you plan to do a show with family and closest friends. Merchants who are collaborated in HNN credit card promos are also quite interesting, including Shaburi, Kintan, Pepper Lunch, Bakerzin, The Duck King, and Fook Yew.

Similar to YYX credit card promos, this one bank also offers promotions for all types of transactions, ranging from restaurants, supermarkets, travel agents, online shopping, and its services. With YYX credit card promos, you can enjoy promotions ranging from discounts, free products, to attractive installments.


Get around credit card promos to avoid being wasteful

Get around credit card promos to avoid being wasteful


After knowing the various promos that are available and quite interesting, the next question is whether to use credit card promos for shopping in Ramadan? Can this not lead to waste?


Use as needed

The many attractive promotions offered by various banks in Indonesia ahead of the Ramadan moment are indeed very interesting. However, keep in mind to not be too impulsive using a credit card. For example, a credit card that you have works with a particular restaurant that can provide a discount on each of your visits. However, that does not mean you have to increase the frequency of events open together, right? Imagine if you did not choose wisely, there would be excessive spending. In fact, you can also open a program together at home, or in another restaurant that basically has a cheaper menu price. This applies also to clothing and expenses in the field of travel.


Check the original price from now

Wisely Using a Credit Card

Not infrequently, some merchants who are ignorant raise the base price first, so the final price charged by the promo is not much different from the initial price of the product. Indeed, not all stores use such ignorant methods, but as a preventive measure it is better to check the price of the product you really want to buy from now on, so that the promotion offered can be utilized more leverage.


Focus on the items you need

Even though there are many promotions that are scattered, still don’t be easily tempted to shop for many products. You must focus on products that are needed. For example, you have already prepared funds to buy a ticket back and forth to Sulawesi, which costs quite a lot. Focus on allocating funds for these expenses. Even though at the credit card issuing bank you have promos on other types of products, for example eating at certain restaurants, avoid using them. This function is to further suppress spending in order to stay in control and not be overdone.


Wisely Using a Credit Card

Considering whether or not the need to use a credit card to take advantage of various attractive promotions in the actual month of Ramadan must be returned to self-policy. It is undeniable, you must take into account the ability to pay bills at the end of the month. Don’t make late payments. As much as possible, make payments before maturity to avoid late penalties and interest charged. If indeed you have an adequate budget to make payments, it doesn’t hurt to take advantage of the various promos. Happy shopping!

Credit Consolidated Without Mortgage

From the list of solutions to the excess of indebtedness comes the consolidated credit without mortgage, a financial solution potentially interesting for those who want to reduce their installments with credits. Here’s what the potentialities and dangers of consolidated mortgage-free loans are


Add the Credits All in One

The consolidated credit consists of joining all the credits together. In this context:

  • With Mortgage – Giving a property as collateral can lengthen the deadlines and have an interest rate similar to the rates applied in mortgage credit;
  • No Mortgage – Consolidated credit without mortgage is also known only as consolidated credit. In this case there is no guarantee of a property so the term and interest rates are not as attractive as if you had this mortgage.



Is Mortgage Without Mortgage Good For You?

Is Mortgage Without Mortgage Good For You?

The solution presented may be a good solution for you. But it can also be something negative. Everything will depend on your use of this credit consolidation. As main advantages, we can highlight:

  • Reduce benefits – You can greatly reduce your credit installments, especially if you have many short-term credits (such as credit cards). In some cases, consolidated credit without mortgage reduces benefits by more than 60% ;
  • Improved management of benefits – It has only one benefit, which can manage more easily, resulting in fewer delays and defaults (and consequently fewer commissions and interest on arrears);
  • Reduction of the average interest rate.


What are the Disadvantages of Consolidated Credit Without Mortgage?

As in everything in life, there is a reverse of the medal. Not everything is roses. But if you make a good use of this tool you will be able to take advantage of the advantages and avoid the disadvantages, which are:

  • Incentive to consumption – If you do not have discipline, reducing benefits will mean you will have a lot more income to spend. In this way, it can happen that it returns to consumption and that even more indebted;
  • Payment of More Interest – In some cases, the lengthening of the deadlines may imply in the increase of the total amount of interest borne throughout the credit.


How to Avoid Paying More Interest With Your Credit Consolidation?

How to Avoid Paying More Interest With Your Credit Consolidation?

If you have made a consolidated loan without mortgage know you can cut the total amount of interest paid. This is possible because:

  • The average interest rate can be reduced – If you reduce the cost of money, you may pay less over all the years;
  • Early Amortization of Credits – You can use the savings generated with the consolidation of credits to amortize your consolidated credit in advance. You are not obliged to do so. You have this flexibility and freedom. But if you do, you’ll end your credits more quickly.


How to Have the Best Consolidated Credit Without Mortgage

How to Have the Best Consolidated Credit Without Mortgage

To find the best consolidated credit in the market we suggest that you fill out the credit simulator below. By filling out the simulator you will be able to find the best credit in the market because Michael Henchard contacts several banks and financial institutions, choosing the cheapest one for your specific case. And all without any cost of analysis and dossier for which, once again, maintains all freedom.

Loan without Installments, the Opportunity of a Lifetime Loan

 The annuity loan is one of the preferable solutions when, in the third age, there are no other guarantees outside of a property owned. CrizzyCredit proposes “Loan without installments”, in which, as required by law, the loan will not be repaid on a monthly basis but at maturity, together with additional interest and charges. As the term itself life annuity says, the loan ceases with the death of the obligor and the eldest among the coobligated (in the case of joint account). More exposition at sift-life.com


Features of CrizzyCredit Loan without installments


Features of CreditZone Loan without installments

The maximum amount that can be requested is 00 350000 (but CrizzyCredit reserves the right to disburse greater amounts if it deems suitable guarantees) but cannot exceed 50% of the appraisal value of the property. At the time of stipulation a property insurance will be activated against damage from fire and explosion. The tan is determined by the IRS plus a spread that can range from 3% to 4%, the preliminary costs reach up to 600 euros maximum. Among the ancillary costs: Appraisal charged to the customer, 100 euros for the release of the authorization to sell the property, 100 euros for Mortgage Renovation and the same for the consent to its cancellation.

The early termination penalty is calculated on the residual capital and consists of 5% if the repayment takes place within three years from the start of the loan, 3% between the third and tenth year, 1% beyond this period and before the thirtieth year. Beyond this date the extinction does not provide for penalties. 

Who can request CrizzyCredit Loan without installments

Who can request CreditZone Loan without installments

The loan can be requested by all those who have reached the age of 65, have a property owned (with a value of over 100,000 euros) where they have residence and live continuously. Although it is not a finalized loan, there are exclusions on the intended use of the capital: it cannot be used to purchase or renovate other properties, finance the work activity of the obliged party, speculating on the financial markets.

MEI Loans: Understand How the Process Works

The registration of MEI – Individual Microentrepreneur is an increasingly frequent option for Brazilians who wish to leave the informal sector. It is very common today to take notice of someone who has formalized a small business, tele delivery or handicraft or other activity. Brazilians are becoming more and more entrepreneurs.

And to assist in this endeavor, the loans to MEI can boost your business and give that little hand at the time of the tightening. Check out our post and understand how the process works!


How to get a loan for MEI?

How to get a loan for MEI?

1. Banking Institutions

Basically it is possible to obtain loans to MEI , through banking institutions, however you will have to prove to the bank that you are able to afford the installments of the requested amount.

In addition, it is essential that the documentation of the MEI is current, the banks usually request the following documents:

  • Certificate of Condition of the Individual Microentrepreneur (CCMEI);
  • MEI personal documents (RG and CPF).
  • Proof of residential address of Microentrepreneur.

2. Online loan providers

Nowadays it is possible to obtain loans for MEI , on the internet, where the amounts are credited as personal loans. So you can invest money in your company, or venture.

This type of negotiation usually offers some advantages, such as:

  • 100% online process;
  • Low interest rates;
  • Possibility to invest the credit in your company or in personal matters.

So you can use an individual credit to leverage your business. There are operators that work with or without consignment, you can choose the best option for you.

3. Microcredit

It is a credit line used for smaller amounts, and therefore offers loans to MEI with less bureaucracy. However it is important to emphasize that responsibility must always be considered, where planning is essential for credit to be well applied.


When to apply for loans to MEI?

When to apply for loans to MEI?

The loans for MEI are excellent opportunities for anyone who wants to see their business grow. But that should be used with caution, or you could end up contracting debts that your venture can not afford.

So always make good planning and evaluate whether the loan credit will actually help your business grow. Ponder the pros and cons and assess whether the loans to MEI are viable for your business.

See options in which it is feasible to request a loan for MEI :

  1. Broadens your business (production)
  2. Invest in more modern equipment and machinery
  3. Paying debts of the business and keeping it in the market (important to assess whether it is worth saving the business, the loan, in addition to taking the company out of the difficulty needs to bring return);
  4. Expanding the company fleet
  5. Seize market opportunity;

If you have a microenterprise and are thinking of taking out a loan for MEI , keep in mind that credit needs to help your business grow. So before anything else analyze the current situation. Often adjustments in the company’s planning are enough to make the profit bigger and the loan unnecessary.

Don’t Use Credit Cards to Pay for These 5 Things

Credit cards have become a payment option that is often chosen in order to ease the burden on buyers. Payments made in installments every month of course will help buyers to set aside money little by little for the items they want to have. In addition, the credit card payment function is of course useful if there is a 0% installment promo or other promotion that makes goods cheaper if paid by credit card. However, it turns out the option to pay by credit card is not entirely correct. There are a number of errors in using a credit card that are generally done because of paying things that are not right. The following are a few examples:


Swipe Cash

Mistakes in using a credit card can be found in cases of cash swipes. Cash swipe (gestun) is the process of withdrawing cash through an ATM made by the credit card owner. Owners of EDC machines / merchants offering gestun services will usually swipe your card and make you make a transaction. Later, you will get cash in accordance with the credit limit that you have. Of course this practice will still charge interest on every cash swipe transaction you make. The current cash swipe practice has also been banned by the Government in anticipating irresponsible debt habits so that credit becomes problematic. This practice is also vulnerable to use by irresponsible parties by money laundering.


Using a Credit Card for Daily Expenditures

Swipe Cash

Don’t use a credit card to pay for daily expenses. If you often think that there is no harm in using a credit card for small things, then you should change that way of thinking. This is because often you don’t realize how many bills you have accumulated for these small payments. Even if you use credit cards too often to shop in the mini market, pay for coffee in a cafe, or pay for taxi transportation online for example, you can make your credit card bills from a little to a hill. We recommend that you use a credit card to pay for other things that are more profitable, but try to always use cash for any payment.


Using a Credit Card for KPR

Using a credit card should be done for payments that are still classified as term the time is not too long, for example you buy a smartphone and installments for 12 months, so it is clear that the payment for the product is still in nominal value which still makes sense in being able to be paid the following month Don’t use a credit card to pay for home installments. This will make you develop the habit of digging a hole close a hole. KPR itself is usually accompanied by a high enough interest, considering that the price of a house that is already high means that the possibility of you paying in installments will be even higher. Imagine if the total mortgage payments still have to be accumulated with credit card interest, of course the price will soar higher. Apart from not being recommended, this has also been banned by BI, which announced that credit cards are prohibited from being used to pay other credit installments. So, indeed the function of a credit card should only be used for payment instruments.


Using a Credit Card for KKB

Using a Credit Card for KKB

Still the same as using a credit card to pay mortgage, using a credit card as a means of paying KKB installments is also not recommended. Installments in motorized vehicle loans, such as cars, have a nominal amount that is not small and carried out over many years. In addition to the KKB interest and credit card interest that have made car prices more expensive, you can also be threatened with being included in bad credit if you do not really pay attention to the ability to pay large amounts of installments. If in the following months the financial condition is disrupted, of course it will affect your installments, while the interest on credit cards and KKB interest will continue and make the price of vehicles more expensive.


Using a Credit Card as a Business Capital

Using a Credit Card as a Business Capital

When you want to start a business, of course you need a lot of capital so that the business can run. One mistake in using a credit card can be seen in this case. Many people use these plastic cards to fund the cost of capital needed in a business. Even though you should n’t use a credit card to pay for your business capital . There are many other options that can be used when starting a business, for example with various business credit programs that have been prepared by banks for small businesses, including micro business units. So, don’t even let your credit card trap you in debt problems just because of business capital.

Need Money: Alternatives To Credit Card And Overdraft

When the pocket tightens, the credit card and the overdraft are usually chosen to have money, are not they? Often this happens automatically because they are simple options to use. The problem is the false sense of having money when using the credit card and overdraft.

In a short time, if there is no financial control required, credit card and overdraft debt grows rapidly. That’s because the credit card and the overdraft have the highest interest rates on the market. But how to get money other than by credit card or overdraft?

Know alternatives to having money and keeping your financial health on track.


Use your ability to earn money

Do you speak English or cooks well? How about taking the time to increase your income? Choose one of your abilities to earn from your own business.

Despite the need to work harder, it is a good choice not to have to resort to credit card and check to have money. Do not forget to formalize like MEI . You can be a registered worker and small business owner at the same time. Enjoy!


Sell ​​Your Used Clothes

Need extra money? Look how can be easier than you think: open your wardrobe and find out what can be useful for other people. Of course, you have a perfect piece of clothing that you do not wear and you are missing the opportunity to make money from it.

Vasculhe, advertise your sale on a website and divulge it to your friends network. Oh, and you can still enjoy the time to organize your things.


Rent your garage

Rent your garage

If you have space left in the garage, renting a place is a way to get extra income. The idea is even better if you already know a person interested in renting a garage, like a neighbor.

Prefer someone who needs the garage at night and does not hinder their exit. It is a simple alternative to make money and can still be an incentive to leave your car at home and save fuel.


Resale products

Resell products is great choice for anyone who has a seller profile and needs extra money. It is important that you have contact with many people interested in the products you want to sell.

Another important criterion is the organization, since you have to manage your sales, otherwise you could have losses and lose money. With the internet, it is even easier to advertise your products and increase your sales.


Be a dog walker

Be a dog walker

Want a better alternative to making money than walking with dogs? You can be a dog walker in the off hours and have an extra incentive to walk. You have fun, take care of your health and still increase your income. It’s not too much?

To get started, take a dog walker course and be a certified professional. You have option of online course. Then report it to the neighborhood. Those who live in a building are more likely to win more customers.


Organize a bingo at home

Bingo among friends is an alternative to earning extra money as well as being a fun way to get your friends together.

Think of an interesting and engaging theme that most of your friends might enjoy. For example: craft beers, geeks products or beauty products.

You can create a Facebook event to invite your friends and promote bingo products. The idea of ​​bingo is to profit and still have fun!


Enjoy the seasonal dates

Easter, June party, Valentine’s Day and Christmas are timely times to earn extra money. You can take advantage of the seasonal dates to sell the “homemade taste” that many love.

Nowadays, on the internet, you can easily find step-by-step tutorials to sell products online. And the best: you will not need to spend much to start. Schedule for the periods, use creativity and enjoy social networking to increase your sales.


Rent a room

Do you have an empty room at home? How about renovating, decorating and leaving the perfect space to be rented? Renting a room temporarily is a good alternative to make money, especially if you live in a place where it attracts national and international tourists.

To do this, simply create an account on Airbnb, online platform for shared hosting. Explore the site to understand its operation well.


Ask for a loan

Use your ability to earn money

To take cash and get away from high interest credit card or overdraft, borrowing a personal loan is a good way out. But you can apply for a personal loan for another purpose, such as to renovate the home or to pay off debts and organize personal finances.

When you opt for personal loan, you are choosing to pay less interest, with installments that fit in your pocket and do not weigh in the monthly budget.


Count on GCI Credit

At ADC Credit, you find your best personal loan, quickly, safely and free of charge. Your personal loan application is evaluated by our partners, and you pay nothing for it.

What’s more, you have the chance to receive several proposals and choose the one that best meets your need. Want a simpler alternative to not having to resort to credit card and overdraft? Count on GCI Credit!


Negative Loan

Generally, when you will apply for a loan , the financial institution consults with the credit protection agencies whether or not you are under the negative name .

If it is, two things happen: Most financiers deny credit, and the ones they provide charge higher interest than if you had the name ‘clean’. But it is possible to get loan to negativado and clear your name from Serasa and SPC .


Loan Options for Negative

There are 3 credit modalities that fit for those who have problems ‘in the market’ and with very low interest rates (around 2% to 3%), however you need to be in one of the groups below:


For Retirees and Pensioners of the INSS or Employees and Public Servants  

Loan Options for Negative

Payroll Loan where the payment of the credit will be linked directly or to the benefit (in the case of retiree or INSS pensioner) or in the Payroll (for Employees or public servants).


For those who own a property and removed

Refinancing Real Estate where you can put your property into the loan guarantee you need.


For those who own a vehicle and have it removed

Loan with Vehicle Refinance where you place your vehicle as collateral for the loan you need.

In the first option, it is necessary that you fit into some of these requirements: be retired or pensioner ; official of a public company or employee of a private company with an agreement in a banking institution.

Other forms of negative loan have higher interest rates and are not recommended. Financial institutions charge more of those who already have a history of non-payment, because they see in them a greater risk of not paying the installments. To offset the risk, they charge more.

car loan

The opposite is also true, the interest for those who do not have negative name are cheaper, because the financial institution sees them as good payers. Thus, the risk of not receiving is less.

It is best to renegotiate or take out your debts to get back a healthy and good credit! So the best way is to do everything possible to honor the debts and not stick with the ‘ dirty name ‘. But, if this has happened, it is wise to seek the institution or company you owe and try to renegotiate the debt.

From the moment the customer renegotiates his debt to the lender, usually from 3 business days his name is removed from the register of credit protection companies. With this, you get cheaper loans .

But, it is important that when renegotiating your debt to the lender, do so in a way that can honor the commitments. That is, look at your home budget carefully and make the decision based on your ability to pay.

Perhaps the best way is to look for longer installments, with smaller installments, but that you have the capacity to pay. If you do, be careful not to get into debt more than you can afford again.

Keeping your name clean , you have access to more affordable interest credit lines and you can more easily achieve your consumer dreams.


CCPS online consultation

uSecure CCPS (Central Credit Protection Service) offers the CPF free consultation service through the Positive Consumer portal.

To find out what condition your name is (clean or dirty), simply access the portal, make a registration that will generate a login and password, and consult your CPF safely. There are no query limits.


Care for anyone who is denied

Care for anyone who is denied

When applying for a loan it is very important to stay alert with companies that take advantage of the time of need of people to carry out scams.

It is very important to research well before you take out credit and not pay any amount before getting your loan. And stay tuned to these tips so you do not fall into loan scams over the internet.