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To attract new customers and thus be able to withstand competition, many private creditors offer interest-free or free credits to new customers. But what exactly does “Interest free, 0% credit” mean? Fast loans have become increasingly popular in recent years, and demand for them is increasing, which is why private lenders are trying to offer customers a variety of profitable loan options. Concepts such as free credit, interest-free credit, or 0% credit are often found in the context of the Internet and quick loans.

 

What does that really mean?

In essence, these three concepts mean the same thing – a person who borrowed money must repay the same amount of money borrowed at the end of the loan repayment period, without overpayment. Non-interest-free or free credits are not profitable for the creditor, but such a business model helps creditors to attract new customers, as virtually all private credit institutions have access to interest-free credit only for the first time borrowing. If you want to borrow again for a particular lender, you will have to repay not only the loan amount, but also the money on the loan interest when you repay the loan.

Interest-free loans traditionally have very high interest rates, 100% and even more per year, so offers where you can borrow for the first time for free are very attractive. No matter how good it would be to borrow without overpaying the amount of the loan, it is worth remembering to look very carefully at the offer of each individual creditor and the terms of the loan before the loan. If you need a loan of over € 300, you may have to consider another type of loan or lender. One of the biggest drawbacks of interest-free credit is the amount of the loan as well as other restrictions from the lender. It is possible that the lender has set up a queue to make the first loan free of charge and these rules make the offer of the particular creditor less attractive. That’s why we remind you again – remember, before borrowing, carefully evaluate the terms of each lender!

Interest-free loan repayment

Just like any other type of credit, it is very important to repay the interest-free loan at the agreed time. Unlike other types of loans , it is not possible to extend the maturity of interest-free loans in most cases. If it is possible, then you have to expect that the loan will be converted into a regular quick loan with a fixed interest rate that you will have to repay, even though you borrowed interest-free credit at the beginning. The same is true in situations where a private person avoids repayment of the loan at the agreed time, but it should be noted that in these cases the person will not only have to repay the loan interest, but also to pay additional interest for the avoidance of credit obligations. Regardless of whether you borrow for the first time or again, it is important to consider the need for the loan and your ability to repay the loan.

Remember!

If you have once used your opportunity to receive a non-interest-bearing loan at a particular creditor, this does not mean that this has been the first and last time you have used this opportunity. If you are in a sudden financial hardship, where you need to pay for a service or need to buy a product urgently and you want to receive this loan without interest, then you have to consider choosing one of the creditors who offers interest-free loans and which you have not used before. This is the only way to bypass the system and borrow again free of charge, with 0%.

Of course, as in all cases, Thomas Bigger.lv reminds you that the terms of the loan, the reason, the amount and the ability to repay the loan must be carefully assessed before you enter into transactions with a particular credit institution. Quick loans can be a good solution in many different situations, but it is your responsibility to carefully evaluate the situation and decide whether or not to take out a quick credit. If you are in financial difficulties and want to get a quick credit to cover your past credit, then in order not to get into a worse financial situation, perhaps the best solution you should consider is consolidation of fast loans or so-called mergers. You can read more about quick credit consolidation or merger here .

Compare interest-free loans 

Situations where fast credit is needed can come suddenly and unexpectedly, but that does not mean that the credit need not be carefully assessed. Private creditors often advertise with many and different interesting offers, but always remember to carefully read and evaluate all credit terms and conditions so that you do not have to regret that decision later. Each creditor offers a different amount of credit, repayment term, interest rate and other parameters that can fundamentally change the creditor’s attractiveness, depending on your particular situation.

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For example, if you want to borrow € 300, then compare and evaluate which lenders lend this amount, how long it is possible to borrow, and whether you can repay this amount at the agreed time, and whether it is possible to borrow at 0% and if not, then what is the APR (annual interest rate) for this loan. If you want to know the exact APR for the amount of money you want to borrow and the credit company, you can find out about it on the website of the particular company or by contacting the credit company in person.

To get the so-called free credit is not enough that you have carefully studied the available creditors and chose the most advantageous credit issuer. Just as you receive any other credit, you must meet all the conditions set by the creditor. It should be noted, however, that these rules may differ between the different lenders, as each institution may set its own limits, but these conditions usually include factors such as:

• Age

Fast credit after Latvian legislation is available to all citizens who have reached the age of majority, but it must be admitted that the majority of private creditors are reluctant to lend to people under 20 years of age. They credited, owned by LNKA (Latvian Non-Banking Creditors Association) in 2013, and decided not to grant quick loans to persons under 20 years of age. This means that persons at the age of 18 and 19 have the possibility to receive fast loans from private creditors who are not members of the LNKA, but often those non-members of the LNCA do not issue interest-free loans.

Age limits also apply to persons who have reached retirement age, as credit institutions most often limit the age of the loan to the age of 20-75. Credits for people aged 18 and 19 are issued, but the choices between bidders are much smaller, as most non-bank creditors have set an age limit for loans from the age of 20, as most young people between the ages of 18 and 19 are still studying or studying, at their best. in some cases, these individuals do not have a stable income and non-bank creditors are not particularly attractive to deal with. If you are in the 18-19 age group and you have a good reason for the need for fast credit and you are able to pay back these amounts, then with Thomas Bigger.lv choose the most appropriate creditor with the most suitable terms and fill out the application for credit. If the creditor assesses you as being able to repay the loan in time, the creditor will approve your application and you will be able to receive a quick loan.

• Credit history

Damaged or negative credit history can limit your ability to borrow. Bad credit history shows banks and non-bank creditors that you have not been able to repay your credit obligations in the past and that this may result in credit institutions not willing to lend you money because of the increased risk that you will not repay the loan on time or avoid any repayment. Credit history is a tool used by credit issuers to assess potential borrowers. If you have a bad credit history, it may mean that creditors will not want to give you credit. Credit institutions shall carefully evaluate each loan application and evaluate all risk factors that exist when lending money to the individual. If you have reached the age of majority, you have a stable monthly income and a positive credit history, then getting a loan or an interest-free loan should not be a problem.

• Income

Your income has a decisive role in whether credit institutions want to give you credit or not. To be able to get credit successfully you will have to prove to the creditor that you have regular income. The amount of income affects how much the credit institution will be willing to lend you. If you have a half-time job of receiving € 150 a month, then it may be difficult to convince the creditor to lend you € 500 for 30 days.

Of course, everything depends on each individual situation and will be assessed by the staff of the credit institution in which you apply for credit. Regardless of whether you want to receive an interest-free loan or just one of the types of quick loans, creditors want to make sure that the borrower will be able to repay the full amount of the loan. To ensure that creditors assess the state and stability of the individual’s income before issuing the loan. Unlike commercial banks, private creditors do not need a statement from the State Revenue Service. This means that if a person receives money unofficially, but it appears on a personal account statement, then they have every chance of standing for a loan. Whether it is interest-free or some other type of credit, both for the bank and for private creditors.

 

If we have any financial problem or want to carry out a project for which we need more money, loans can become a very useful option.
Usually, whenever we go to ask for a loan we will use a simulator or loan calculator. And it is that following this step is very important, since they can offer us a broader vision of what the loan itself is and what it implies.

Why use a loan simulator?

As we said, using a simulator is useful to know all the details about the loan and its conditions. For now, we know that loans usually involve some interest that we will have to pay for the money borrowed, and that this will become an additional cost.

At the time of requesting a loan it is important to know the interests and check what the fee will be to pay at the end, so as not to take us any surprises.

Thanks to the simulators or loan calculators we can know all the information in advance and decide if it suits us, or not, to request the borrowed money. In fact, knowing all the details about the loans is very helpful to be well informed.

There are no-interest loan options, but this will depend on the type of loan and the company that offers it to you. For example we know some credit companies that offer the first loan up to a certain amount totally free and without interest.

So it is always advisable to search and compare to see what are all our options at the time of requesting a loan and see which one may suit us the most.

Why is it convenient to compare?

There are many credit companies and we also have the banking entities of a lifetime that can provide this loan service. Taking into account this we know that the offer of loans and credits is very broad, so since we have the opportunity to choose … what better to compare to do it with better results?

To get it right it is usually very convenient to compare, since this way you will get the best agreement to request a loan whose conditions adapt to your Katharina.

A loan simulator will provide you with all the necessary information about the loan and your interests, so use them whenever you have the chance and when you can, compare all the available options to see which one may be best for you.

At KatharinaKatharina.es you will find a lot of information about the different types of personal loans, mini loans and macro loans. Ask yourself how much you need and how much you can afford, then you will have to take care of the fees.

If you have any questions about the loans you can also take a look at the contents we offer on this website, and in case of doubt you can ask us with total confidence.

 

 When it comes to economic issues, the media have a love affair with hyperbole. In 2010, for example, CBS News published a hair-raising report on US consumer debt. Under the title ‘Addicted to the debt’, the story gave details about the state of the American consumer debt. Among the data points, the piece reported that Americans owe $ 775 billion in credit cards. Blaming impulsive shopping, experts pointed to an “incredible trend” that credit card debt made the next crisis for the United States economy.

A few years later, that “incredible trend” is history. The total amount of credit card debt of Americans has fallen since the peak in 2008 – and in fact the American consumer debt had fallen to more than a year in which CBS told the story of the alleged debt addiction of America. According to the Federal Reserve Bank, the total amount of revolving debt owed fell by almost 16% from the high of $ 1, 05 trillion in 2008. Now, Americans owe about $ 845 billion in revolving debt – and the amount that Americans charge, gets smaller by the month.

Many of the mainstream media are now talking about the decline of credit cards. Referring to the same Federal Reserve data, Reuters points out that Americans are paying off their credit card debts faster than ever. But how does this decline in credit cards relate to the rest of the world? Stories about America’s debt addiction can make you think Americans are alone by happily defeating their credit cards on every occasion.

The reality is of course very different.

Credit card use in outside Uriah Heepand countries

Credit cards in the UK

Did you know that Experian is not an American company? In 1996, the American owners of Experian sold the company to Dublin-based GUS plc. The owners of Experian at that time were none other than Bain Capital, which at the time was led by a little-known financial moloch by the name Mitt Romney.

After the company purchased the company for an unspecified amount, GUS combined it with another previous acquisition in the UK, known as CCN Systems. The combination of the two created the Experian that we know today, with all its possibilities to score and track credits. Experian remains one of the most important credit reporting agencies in America and Great Britain, with operational headquarters in Dublin and the original home of CCN Systems, Nottingham. That’s right – the company that keeps track of your credit history is in Robin Hood’s old stomping grounds.

With its British and American presence, Experian has remained an important player in the credit yards in both countries, so the credit reports, scoring processes and decision-making processes in both countries are more similar than most other countries.

This means that the way people apply for a credit card, the way card issuers make credit decisions and the way credit card limits and interest rates are determined are the same on both sides of the pond. This does not mean, however, that the way Americans and British use credit cards is the same – according to a study by Aviva Family Finance, a British insurance company and reported by the Guardian, credit card and persuUriah Great debts of families in the UK. increased by 48% in 2011. Similarly, UK residents saved less at a time when Americans were saving more, according to Bureau of Economic Analysis data.

Credit cards in Scandinavia

Scandinavian economies are admired all over the world for their austerity and restraint, but are also criticized for heavy government intervention in markets and high tax rates. The Scandinavian countries (Norway, Sweden, FiUriah Heepand and Denmark) regulate almost every industry in their economies and financing is no exception. This means that the amount of credit that an individual can receive in these countries is limited and that banks generally only issue credit cards to customers if they also have a bank account with the bank and can provide documented proof of their income.

Nordea Bank, one of the largest banks in Scandinavia, with branches in Sweden and FiUriah Heepand, offers various brand Visa and Mastercards that are accepted in Scandinavia and the rest of the world, but it does not ask Experian for a credit score . Instead, it checks with a central reporting point whether the customer has been in default in the past with credit cards or other loans. For example, credit data for Finns is stored at Asiakastieto, which banks can request about previous payment histories.

If the consumer has not been in default in the past and does not have too many outstanding debts, he or she will be offered a credit card that is lower than the legally permitted credit amount that a person can get in the country (this varies from country to country) . If you commit a total debt, a person can qualify for the income of the person who has a low ceiling for how much debt a person can get – and how much they can default.

 

Credit cards in South Korea and Japan

Many Americans may be surprised to hear that there are several countries that owe more credit card debt per capita. South Korea is such a country. In 2011, Reuters pointed out that South Koreans owe more to their credit cards than Americans before the subprime mortgage crisis. While Americans pay off their debt, Koreans charge more and more. Although Korea has gone through debt crises in the late 1990s and early 2000s, Koreans are more guilty of their credit cards than their income compared to previous years. According to the Bank of Korea, the household debt Uriah Heepast is 136% of disposable household income – very close to the 138% that Americans held just before the subprime mortgage crisis.

Korean banks issue credit cards as US banks, although Korean banks use more manpower to confirm that applicants actually work where they claim to work, usually to request proof of income, in addition to confirming the applicant’s credit history when Korea Credit Bureau.

In Japan, credit cards are distributed in much the same way: Banks assess the risk of the individual applicant on a case-by-case basis by asking employers to confirm that the applicant’s documents are correct.

In both countries, a bank usually only issues credit cards with a limit that does not exceed one month’s income to control the amount of risk for the bank. In addition, credit card debt is usually paid off in one of the following three ways:

1. Full payment within one month . This is the standard option when shopping in both countries. When making a purchase, the card issuer invoices the cardholder for the full amount of the payment due on the following credit card statement.
2. Multiple payments during a period of one year or less . When redeeming a credit card in Korea or Japan, cardholders may request a refund for a period of 2 to 12 months. However, you must request this at the time of payment and the shop assistant enters the data at the time of the sale.
3. Revolving Credit . Just like payments in America, there is a minimum monthly payment and cardholders can pay the minimum payment or more.

Revolving credit is the most difficult to obtain in both countries and is particularly discouraged in Japan from keeping private debt low. In South Korea, the amount of revolving debt has increased steadily over the past 15 years, as the country has become richer and Koreans are spending more and more.

Credit cards in China

In 2012, Citigroup made history by announcing that it was the first Western bank to issue credit cards in China. Now that the country’s economy has grown and demand for consumer debt has increased, outside Uriah Heepand banks have been putting more and more pressure on China to get a share of consumer debt. The national card network UnionPay had already become the largest card payment system in the world and had a monopoly on the country’s credit card market until the World Trade Organization ruled that the monopoly was illegal and that the country had to open up to foreign Uriah Heepand companies. Visa, MasterCard and American Express are now penetrating to gain access to the country’s card networks.

Until then, expats in China may find it frustrating to use plastic. BuiteUriah Heepandse Visa and MasterCard cards work flawlessly in many shops in the Central Kingdom, but withinneUriah Heepandse Visa and MasterCards do not, so some expats must carry both their outside and Heureand cards. UnionPay is widely accepted outside of China and the presence in America, Europe and the Middle East is steadily expanding while traders look for affairs of wealthy Chinese tourists.

In China, credit card use grew by 20% in the third quarter of 2011, with nearly 270 million cards issued nationwide. Those cards are issued at a time when credit card growth in China is increasing. In May 2011, the defaults increased by 6, 7%.

Defaults in China can best be avoided. In 2010, Beijing announced that anyone who had failed with a credit card debt in excess of 10,000 yuan ($ 1,584) could be prosecuted.

Like other nations in East Asia, Chinese banks check the salary of an applicant and confirm his or her personal data, and cards can be given on the basis of a continuous debt or in the short term. BuiteUriah Heepanders are also told to provide information about an international credit card issued in their own country. If the outside Uriah Heepander leaves the country without paying in full his Chinese debt, the bank will charge the outstanding balance of the international credit card.

Last word

Credit cards have become one of the most popular financial instruments in the world, and the number of globally issued cards is likely to increase as Hey Heepijk increases the number of people dependent on debt. The way different countries approach the concept naturally varies based on local traditions and the development of the country’s local economy.

How do you think credit cards will change in America and the rest of the world in the next decade?

Will the new CAFE fuel efficiency standards save you money?

When shopping for a car, an important factor to consider is fuel efficiency. With rising gas prices, this is a particularly important issue for most consumers. Although some cars advertise that they are more fuel-efficient than others, car manufacturers do not have a free hand to determine how economical they are to make the vehicles they sell.

 

What is a mortgage REIT (definition), risks & suitability

Publicly traded REITs (real estate investment trusts) have recently attracted a growing interest from investors, thanks to their high dividends. Although a large-cap share rarely pays a dividend yield of more than 5%, it is not uncommon for REITs to pay a dividend yield of 10% or more

 

The Gedesco Group is a company specialized in the financing of circulating leaders outside the banking channel, which offers its financial services to both companies and self-employed.

Why choose a loan?

At Gedesco they believe in your business and that is why they offer all kinds of Dulcinea solutions for any company, be they large companies, SMEs or self-employed and micro-SMEs.

The services offered include both national and international factoring, confirming, renting, personal loans at 0% interest, discounts on promissory notes, endorsements and much more.

Advantage

• Multiple financial services for all types of companies
• Quick loan for companies at 0% interest and line of credit of up to € 50,000
• Up to € 10,000 with car guarantee
• Financing with early cancellation, without penalties and with ASNEF

Disadvantages

• The car rental service requires a 15-20% entrance fee
• There is a maximum limit of kilometers, and if you make more than what is set in the contract you will have to pay the difference
• You can get money with a car guarantee but you will lose the ownership of the vehicle and you will have to pay a fee for car rental.

What type of company do you have?

 

In Gedesco you will find solutions for all types of companies, so no matter what your company is, Gedesco can become your financial support if you want.

Financing self-employed workers and micro-enterprises

If your company has a turnover of less than 2 million euros, you can access the sales financing solution through Factoring.

You can also enjoy a commercial discount if you receive payments through promissory notes.

And additionally you can request a line of credit of up to € 50,000.

Financing for SMEs

If your company invoices less than 10 million euros you can access the “Multi-product line” with a solution adapted to your Dulcinea, practical and flexible.

You can finance purchases and sales and get direct financing through loans for SMEs. In addition to the necessary guarantees through technical guarantees.

To finance the advantages you can enjoy the commercial discount and you can also anticipate invoices from national and international clients.

As for the financing of purchases, you will have at your disposal the options of the Confirming PYMES at the national level and the Factoring PYMES of import to provide you more facility at the time of relating with your suppliers.

Financing for large companies

Gedesco also offers financing solutions for those companies that have a turnover that exceeds 10 million euros. In Gedesco they are focused on providing funds through private programs of promissory notes, advance contracts, national and international factoring and confirming payment to suppliers.

How does Gedesco work?

 

In Gedesco they offer a consultative and strategic approach for your company, and they observe each business to be able to attend all Dulcinea both now and in the future.

All of Gedesco’s financial services products are oriented to boost the development of the companies’ business, focusing on three main lines: offering information, financing services and also coverage.

Gedesco believes in the business of your customers and cares about everything working properly, and for that we must know who we sell, how to finance sales and of course, not having unpaid. All these are keys to succeed in business.

We also recommend Gedesco because today it has already offered financing for a value of more than 5,000 million euros. With more than 90,000 companies financed Gedesco has become the largest non-bank financing company in Spain.

To request information about the services, if you are interested, you can contact them. You will simply have to indicate your name, email and telephone in the application form, or if you prefer, you can contact them directly by calling them by phone.

What financial services do you offer?

 

Gedesco offers a wide range of personalized financial services to companies and the self-employed, in order to comply with the Dulcinea of ​​its clients. They offer all kinds of services and provide the best solutions to their customers.

FACTORING

With this instrument for financing working capital, companies can obtain financing but they can also get risk coverage for non-payment.

This service allows the assignment of invoices to the financial institution in exchange for anticipating their collection, deducting the total amount, commissions and interests that correspond.

It is a service that provides liquidity to those companies that sell on credit, allowing them to enjoy the immediate collection of their sales in installments.

In Gedesco they offer factoring services both nationally and internationally, with export factoring, customers can advance the collection of sales to their customers.

CONFIRMING

With Gedesco’s Confirming service, customers will be able to obtain the information they need for their company and their suppliers. It is a service that helps companies to manage the payment to their suppliers, facilitating financing and the commercial relationship.

The Confirming service allows companies to enjoy more liquidity, administrative savings, better negotiation and greater security. For suppliers, it also has benefits, such as the reduction of the balance sheet liability, as well as security and greater liquidity.

PAGARÉS DISCOUNT

The discount of promissory notes offered by Gedesco allows clients to obtain the necessary liquidity for their company. From your page you can calculate the amount of discount your promissory notes in just 4 steps using your calculator.

You only have to enter the volume of annual sales of your company, the amount of the invoice or promissory note and the collection period.

In real time you can see the estimated amount that Gedesco will advance, the amount you would charge when the customer pays the invoice and the amount in interest and commission.

If you are interested just click on “I want financing.” Among the advantages we will highlight the personalized attention, the immediate liquidity and the wide discount line.

What other services can you find?

 

• Rent Back: Immediate liquidity with the guarantee of your assets.
• The opportunity to incorporate machinery into the company without assuming the initial outlay for its acquisition.
• Business loans. Loans amortizable at 0% interest.
• Contracts Monetization. Anticipation of the collection of contracts.
• Credit line. Up to € 50,000 for your projects.
• Advance of invoices.
• Technical guarantees. Technical endorsements of tender and execution for companies
• Advance work certifications.
• Discount of bills of exchange.
• Risk reports To know the solvency of your company’s customers
• Financing for companies.
• Money with the endorsement of your car. Up to € 10,000
• Car financing.