AuthorBillie Daly

5 steps to obtain a Credit Card. – I want my credit card

If you want to know how to obtain a Credit Card, read this post, prepare yourself so that you will not be rejected when you request it, so your process will be successful and you will get approved.

You’ve heard why it’s important to have a Credit Card. But, you do not know how to apply for a Credit Card.

The basic steps to obtain a Credit Card are quite simple:

  • Check your credit history and identify the Credit Cards for which you can qualify.
  • Compare the costs and characteristics of the Credit Card and choose the one that best suits your needs.
  • Complete and send a request for a Credit Card.
  • Get the approval of the card and receive your Credit Card.

Activate your new Credit Card and spend wisely!

Preparing you to apply for a Credit Card

Preparing you to apply for a Credit Card


It is important to know not only how to apply for a Credit Card, but how to obtain approval. Once you know how the credit card application process works, you can avoid common errors in the application of the Credit Card.

You can also be more selective when trying to obtain a Credit Card and improve your chances of qualifying.

This is what you must do to prepare before applying for a Credit Card.

You should know what is important for Credit Card applications.

How do banks decide to approve or reject credit card applications? They verify your information and decide if you meet the criteria to obtain a Credit Card.

Some types of Credit Cards or Credit Card companies will have more stringent approval requirements.

Let’s see the ones that generally evaluate:

  • Credit history:
  • You probably know that your credit score and credit reports will be important for Credit Card applications. Issuers generally like to see at least an average or more credit score.
  • Companies will also see your credit reports to see how you have handled other debts. They look for a long history of on-time payments and responsible loans.]
  • Therefore, late payments, high levels of indebtedness or a small credit file could scare them.
  • The first thing you want to find out is how credit card issuers see you. Maybe you have a decent credit score or maybe not. Either way, you will want to get a copy of your credit report and verify your credit score.
  • The better your credit history, the greater the probability of approval to obtain a Credit Card . Therefore, if your credit score is poor, you can try to improve it before requesting the card you want .
  • Income


  • The banking entities will also consider your income. They want to make sure that you can pay any balance of your Credit Card that you have borrowed.
  • A higher income will always work in your favor. You can still get a Credit Card with a modest income, just expect to have lower credit limits on your cards.
  • For a Credit Card issuer, the amount of money you earn is an essential rating factor. This helps the issuer determine what amount of a line of credit you can offer.
  • If your income is large, you can be granted a large credit limit because it would seem that you can make payments on any debt you acquire with the card.
  • When you list the income in the application, be inclusive. If you are adding the income of a spouse, make sure you have access to those funds if the money is needed to pay the bill. The “household income” can consist of a combination: The salary of a spouse.
  • In summary, if you earn a lot of money, you owe very little, and you have a long history of responsible use of a wide variety of credit products, your credit limit is likely to be higher. Oh! And the interest rate and the advantages of the Credit Cards will also be better.


  • Your indebtedness

  • Try to maintain the low credit card balances compared to the limits of your credit card.
  • Pay off outstanding debts on existing cards before submitting an application for a new Credit Card.
  • In general, it is good to keep outstanding balances below 30 percent of your credit. The lower utilization rates are better.
  • If your current cards are at their maximum, not only will your approval probability decrease significantly, but it will also appear that you are desperate and cashless.


  • Request only a maximum of two cards:
  • Be selective in your choice. Banks check your credit history each time you apply for a Credit Card, which can lead to a number of queries on your credit report, which could affect your credit score.
  • Therefore, do not apply for many Credit Cards at once and expect at least some to approve them. A lower credit score makes it more difficult to obtain approval in the future.
  • Being hungry for credit and being happy with making many requests is not attractive to banks.
  • It is better to get a Credit Card request one or two cards at the same time you really want and you are likely to receive approval.
  • Age:
  • You must be at least 18 years old to apply for a Credit Card.
  • If you are under 21, to obtain approval for a Credit Card, you must present proof of your income or independent assets to show that you can reimburse the amount you charge.
  • Otherwise, you have to become an authorized user on the account of your parents, guardians or other adult who is over 21 years s user
  • If you have a job, even if it is part-time, you can have enough independent income to obtain the approval of a Credit Card on your own.
  • It is important to remember that it will be your total financial responsibility to pay the Credit Card bill every month.



Some ideas to improve your financial knowledge about credit cards

In this article you will get suggestions to improve your financial knowledge, control your economy and how to make your Credit Card work for you.

Certainly financial knowledge at an early age becomes a determining point when you reach adulthood, since you begin to observe the reality about the need to update your accounts and prioritize your expenses, so we are going to give you some ideas or advice on some financial fundamentals. For the previous thing it is basic to make a budget of correct form.

How to make a budget like a professional

financial Budget

1. Establish a budget:

  • This is the starting point for any other goal in your life. The organization is key to any goal you set for yourself. 2. Consider a fair use of cash:
  • If you spend more, this will take you out of the budget, so have only what is necessary in your pocket and you will not be tempted to use that cash in needs created for a moment.
  1. Take a minute of daily money check:

  • Keep a moment of the day to clearly review the status of your account, objectives and priorities.
  1. Assign at least 20% of your income to financial priorities :

  • By priorities, the great ones in financial knowledge refer to accumulating emergency savings, paying off debts and thinking about their retirement.
  1. Budget about 30% of your income for lifestyle spending:

    Budget about 30% of your income for lifestyle spending:

  • This includes movies, restaurants and happy hours, basically, anything that does not cover basic needs. By complying with the 30% rule, you can save and splurge at the same time without feeling tied to the fact that you only work on a target that is viewed far away. Spending on your lifestyle becomes an investment since feeling full you will have a focus as a rock.

So far, we have seen how knowledge about our budget helps us better control our finances, let’s see now;

Some basic financial fundamentals:

  1. Create a financial calendar:

  • If you do not trust yourself to remember to pay your quarterly taxes or regularly extract a credit report, think about setting appointment reminders for these important money tasks, just as you would with an annual doctor visit. place for your financial education can you find it in Citibanamex ? The answer is YES, you will have qualified advisors and products that will end up making your life easier.
  1. Verify your interest rate:

  • Q: What loan should I pay first? A: The one with the highest interest rate. Q: What savings account should I open? A: The one with the best interest rate. Q: Why does the Credit Card debt cause us so much headache? A: Let’s blame the compound interest rate. In summary: Paying attention to interest rates will help inform what debt or savings commitments you should concentrate on.
  1. Track your net worth:

    Track your net worth:

  • Your net worth is the difference between your assets and your debt is the number, the foregoing can tell you where you are financially.

Based on everything we’ve talked about so far, we can not forget to give you ideas on how to increase your earning potential. If you have a well-crafted budget and financial knowledge in your mind, just by increasing your earning potential and using all the financial tools offered by the banks, you will be able to successfully control your economy.

How to increase your earning potential:

  1. When negotiating a salary, allow the company to name the figures first:

    When negotiating a salary, allow the company to name the figures first:

  • If you give away your current salary from the first moment, you have no way of knowing if you are going down or playing. Getting a potential employer to name the figure first means that you can push them further, remember to listen before speaking.
  1. You can negotiate more than just your salary:

    You can negotiate more than just your salary:

  • Your working hours, official title, days off, vacation time and projects you will work on could be things that a future employer might be willing to negotiate. Do not forget that they will pay for your knowledge and time.

    3. Promote ideas and be assertive:

  • Once inside the company try to stand out giving as many possible solutions, promote ideas that break with the status quo in an assertive manner.
  1. Make salary discussions in your current job about the needs of your company:

    Make salary discussions in your current job about the needs of your company:

  • Your employer does not care if you want more money for a bigger house; he is worried about keeping a good employee. Then, when you negotiate a payment or request an increase, emphasize the incredible value you bring to the company.

Up to here knowing how you can substantially improve your income, improve your economy, increase your financial knowledge , we present a convenient way to pay for the things you want, being leveraged by a bank and creating a suitable credit activity: Credit Cards, and so that you also give them the most optimal use we advise you the following:

Avoid costs and interests by following our advice:

  1. Keep a record of your expenses.
  2. Pay your Credit Card on time.
  3. Maximize the reimbursement of your Credit Card.
  4. Establish a reasonable credit limit.
  5. Do not use credit to make ends meet.
  • Keep a record of your expenses:

It can be very easy to accumulate more debts on your card than you can pay for, so it is important to maintain control.
The best way to do this is to track your expenses using a table of income vs expenses and regularly check the status of your credit card.

  • Pay your Credit Card on time:

When you receive the summary of your Credit Card, verify the due date of the payment and make sure you pay on time. This will help you avoid additional interest charges or heavy fees for late payments. Consider setting up a direct debit to pay a fixed amount of the balance owed on each payday.

  • Maximize the reimbursements of your Credit Card:

    Maximize the reimbursements of your Credit Card:

If you are struggling to pay more than the minimum monthly payment, consider switching to a card with a lower interest rate and pay more when you can. Calculate how much time and money you will save by making higher refunds on your Credit Card.

  • Establish a reasonable credit limit:

    Establish a reasonable credit limit:

Your credit limit should be an amount that you know you can afford, and one that will not tempt you to spend more than you can afford.
If you need to increase the limit to make a special purchase, hurry up to pay the debt quickly, then reduce the limit to a more manageable amount.

How to Build a Positive Credit History to Get a Loan from the Bank

The method is one: it is enough to repay loans and borrowings regularly and regularly, and agree to the processing of data about the fulfillment of obligations. What determines creditworthiness? See for the scoop

The Credit Information Bureau grants the bank’s customer from 1 to 5 stars or from 192 to 631 points. It is obvious that the more stars or points, the better. The customer’s point rating has a very big impact not only on whether the bank will give credit, but also on what terms.

By analyzing the possessed information, Retrodatabase considers information on repaid and current loans and advances. To calculate the point score (Retrodatabase scoring) a special algorithm is used.

Four types of information taken into account when assessing creditworthiness:

1) Quality of loans

1) Quality of loans


In this group, the information pertains to the timely repayment. Each installment payment on time, raises the score, delays – lowers the grade. The reduction of the rating depends on three factors:

– how often the payment period has been exceeded,
– length of delay,
– how big was the unpaid amount on time.

Delays are saved in time intervals: 0-30 (days), 31-90 or 91-180.

It is mainly the quality of loans that determines whether we will get a loan or not, because its weight is up to 76% !

2) Credit activity


Refers to the number of loans repaid and held. The longer the positive history of the repaid liabilities, the better. The statistics clearly show that the longer the positive history of credit activity is, the lower the credit risk.

Credit activity is not the same as the number of loans. The more credit obligations, the lower the score.

Credit activity is 11% in the overall score.

And what if we have never taken a loan or loan? We do not have a credit history at Retrodatabase, and therefore the scoring can not be calculated. We will not get a loan then? If it were so, nobody would ever get a loan. In this case, the bank assesses the creditworthiness using the data on the basis of the loan application.

Can the rating of “credit activity” be raised?

Yes. “Tracks” after properly serviced loans are erased upon repayment (unless we have agreed to their processing, which is indicated due to the credibility assessment in the next period). The “track” after badly repaid liabilities remains in Retrodatabase for a period of five years.

3) Use of credit limits

3) Use of credit limits


The weight of this factor is relatively small and amounts to approx. 8%. All credit limits in ror and on credit cards are taken into account here. If you use them often and to the whole, then for Retrodatabase it means higher credit risk. This obviously reduces the scoring score.

4) Applying for loans

4) Applying for loans


The last category is taken into account when calculating the scoring and influences it in 5%. The Retrodatabase system examines how often the customer submits loan applications. The system may (but does not have to, as it is the case for mortgage loans – the client is looking for the best offer), assess the situation in which the client in a short time asked for a loan from several banks but did not get the loan.

It is worth noting that it is not Retrodatabase, and the bank or loan company decides whether to grant us a loan or a loan.

Home Loan

The family that has to carry out more or less complex jobs at the home of his property, can choose between two different ways to obtain the liquidity necessary to cover the expenses that must be faced.

The first, which we can define as more traditional, is that of home mortgage restructuring.

The second is that of the home loan

The second is that of the home loan

Each of these two credit solutions has specific characteristics and it would therefore be conceptually incorrect to consider the home loan simply a synonym of the home loan.

Despite the fact that both products are aimed at carrying out renovations in the home, the financial rules and the legal implications of the two credit solutions are completely different. The strength of the home loan, in fact, is represented by the absence of mortgage guarantees.

Unlike mutual restructuring, which follows all the rules of the traditional mortgage, the home loan has no mortgage implications, which means that in order to subscribe to this loan, the bank or finance company to which the client turns, will never ask the constitution of a mortgage on the same building or on a guarantee property. From this point of view, therefore, the home loan is much lighter than the traditional mutual restructuring.

The absence of mortgage guarantees, on the other hand, has made home loans the ideal solution for those singles or those young families who do not have properties to mortgage or, worse still, do not even have a permanent employment contract. With regards to income guarantees, the home loan has other obvious advantages compared to the mortgage. Indeed, it can easily be asked also by a precarious young person, as long as a second signature (generally by a relative) is attached to guarantee the loan, which will respond in case of default by the first signatory. Well this is an objective advantage because for the Italian banking law, loans can be granted only and exclusively to subjects who are holders of a permanent contract or, under certain conditions, to self-employed workers.

From this point of view, the home loan is much more similar to any personal loan “finalized” rather than a mortgage, despite the fact that the object of the loan itself is a property.

The same procedure for granting the home loan closely resembles simple personal loans, without particular differences except for the specific purpose.

How do you get a home loan?

How do you get a home loan?

To obtain a home loan it is necessary to present a specific request to a bank or a financial company that deals with this type of product. The documentation required to prepare the loan is very limited. In fact, the bank will have to present its personal documents (identity card and fiscal code) and the documents on its own income, ie payroll (in the event that the applicant is an employee) or the single model (in the event that the applicant is instead an employee).

If there are no problems of a financial nature (such as, for example, reports in central banks risks for repayment of previous loans of any kind) and if the customer has a contract sufficient to cover the repayment period, the loan can be granted very quietly while, otherwise, a second guarantee signature will be required.

Since this is a finalized loan, it provides for the presentation of what in banking jargon is called “justification”, ie a document that certifies that the sum covered by the loan will be used precisely for that specific purpose, or the execution of the works of restructuring.

A classic example of proof of home loans could be the company budget that will then carry out the work.

As can be understood from the speech we have made so far, home loans have many more advantages than traditional mortgages. Yet the latter continue to be preferred to simple home loans because they can boast a decidedly lower rate as well as the possibility of obtaining a much longer repayment period.

Questions to ask yourself before choosing the best personal loan

Do you have to choose the best personal loan?

Before you start searching and filling out forms to be able to submit funding requests, you need to ask simple questions to see if you can access a loan, what sum you can request and what type of loan you can access.

Do you have to choose the best personal loan?

The questions you need to ask are few and simple and concern:

  • Work done
  • Age
  • Income
  • Loans in progress
  • Family

Taking these questions first, you can avoid seeing the search for the best personal loan due to a subsequent denial become vain.

Before diving into the search and comparison of the most relevant personal loan, it is good to consider the type of work performed as there are different types of loans that are reserved for certain categories of workers. If you are autonomous, even if in the portals that allow you to compare loans there is an attractive offer in the order of salary-backed loans, it is useless to proceed with the request. Same thing if you find banking products created especially for the elderly and therefore pensioners, even if you are an employee with an excellent salary you will not be able to submit this request.

Even age is a factor that the financial companies take into account for the provision of a loan

Even age is a factor that the financial companies take into account for the provision of a loan

The older you are, the closer you are to the retirement age and the more you will see the number of possible loan repayments reduced.

Before applying for a personal loan, it is good to be aware of your financial, income and credit history. In fact, the sum that can be requested as a loan is at most equal to a certain percentage of the total income, minus the number of children and loans in progress. Even if you find the best personal loan, even in the case of lack of income, you can only obtain the denial of the practice.

Many people do not know they have ended up in the clutches of bad payer databases, and they often submit loan requests obtaining a denial that could also cause them to lose money paid as an advance in the case of loans for the purchase of goods.

To choose the best loan and obtain it securely, it is good to compare the available products and evaluate them based on the rate offered, then ask yourself a few simple questions to understand if you have the right requirements to request the financing, and to which form of loan can be accessed.

Debt consolidation with a private lender to repay your creditors in one payment

Over-indebtedness solutions offered by financial institutions are sometimes difficult to access. This is not surprising, since the primary objective of banks is to make money, they are doing everything in their power to protect their interests, which explains the sometimes very demanding eligibility criteria. Indeed, from the credit file scrutinized to the guarantees required, the benefits of doing business with a financial institution can quickly seem slim compared to the disadvantages they entail. has details

You are not short of options! There are many private lenders in Quebec who are willing to offer you debt consolidation loans on much less demanding and intrusive terms than the bank. Here are the main advantages of consolidating your debts with a private lender to quickly repay all your creditors!

What is debt consolidation and its benefits?

 What is debt consolidation and its benefits?

Debt consolidation is not rocket science. This is a way to get rid of your debts effectively in one payment only. How is it possible? You will get what is called a debt consolidation loan from a financial institution or a private lender to pay off all of your creditors. Thereafter, you will reimburse your lender by paying the monthly amount provided for in the payment agreement.

So there is nothing simpler than the principle of debt consolidation, but what are the benefits? First, debt consolidation is a way to simplify the management of your finances. Indeed, you no longer have to repay a multitude of creditors with different interest rates. You will only have to worry about repaying your single lender every month according to the loan requirements.

Debt consolidation saves you money! Although the total amount you have to pay back is not diminished by granting a debt consolidation loan, the low interest rate attached to this loan brings with it many benefits and could save you money. thousands of dollars. Debts contracted with a credit card company usually have extremely high interest rates that drive you into a vicious circle where repayment becomes almost impossible.

You save your credit rating with a consolidation loan ! Monthly payment defaults seriously damage your credit rating, this is well known. Yet, there are too many people who simply pay the minimum amount on their credit card each month. Debt consolidation is therefore the long-awaited solution! As your creditors will be reimbursed in one payment by the bank, you put an end to your late payments and therefore to the damage of your credit report.

Debt consolidation even makes it possible to restore a credit rating that falls below an acceptable threshold. As you become a “good payer” able to pay all bills on time, your credit will slowly go up, but surely the slope!

You avoid the solutions of last resort! Consolidation is certainly not the only cure for overindebtedness! Other more radical solutions are also available to you, but they have their share of consequences that are, all in all, much more important. We are talking here about the consumer proposal and bankruptcy. Both of these mechanisms are governed by the Bankruptcy and Insolvency Act and availing one or the other leaves a significant mark on your credit record for many years. Your ability to borrow on credit is also compromised, which is not the case for consolidation. So, before throwing yourself at two feet in either of these options, seriously consider existing alternatives!

You will soon notice the nuance between the debt consolidation loan contracted with a bank and that contracted with private lenders. Although they pursue the common goal of profit, the criteria for loan eligibility often differ dramatically!

Let’s see the different requirements of each and why a private loan could be the solution for you!

What are the eligibility criteria for banks?

We sign and persist; obtaining financing from a bank is a complex and demanding process. This one will not accept to be on the losing side and that is why it will require all the necessary guarantees to feel safe! Their eligibility criteria reflect this mentality. Here are the criteria that banks usually require before agreeing to grant a consolidation loan, subject to the proviso that each institution is free to set its own standards;


-The debt ratio: Banks often demand that the debt ratio of the debtor be below 50%. This is not the case for the majority of private lenders who agree to deal with debtors with significantly higher debt ratios.

-The credit rating: It may seem odd to require a good credit record from an indebted person, but that’s what banks do. To have access to a debt consolidation loan, your credit file must have an adequate history, otherwise the bank will consider you an at-risk debtor. This will cancel your chances of getting the coveted loan or allow you to get the loan under much less advantageous terms.

-Stable employment: To guarantee your ability to repay the loan, banks require that you have maintained a stable job for a certain period of time. The period is usually 6 months during which you must have received a constant salary and a period of uninterrupted employment.

-The guarantees and the endorser: we do not escape, the bank protects his back! Many financial institutions require some of your property to be pledged as collateral. This will allow the bank to seize them in case of non-payment. In addition, it is possible that one of your relatives is called to endorse you. This is an option to avoid at all costs, since bail horror stories are not rare and have quickly rotten the lives of all parties involved.

The proof is no longer to be made, banks are very demanding when it comes time to lend money. The time when you need help the most is probably when they will be the least inclined to lend you a hand.

If your loan application from a bank is refused or you are simply looking for a viable alternative, take a look at what a debt consolidation from a private lender has to offer you!

What does a consolidation with a private lender bring you more?

Private lenders generally succeed where banks fail: to find a solution that meets your needs. Although private loans are subject to conditions of admission on the same basis as banks, the only difference is that they are generally much more flexible and offer options that banks refuse to offer.

By having eligibility criteria different from those of a bank, your chances of being approved by a private lender increase! Here are the criteria that private lenders usually require to lend!

-The ratio of indebtedness: In the private sector as with a bank, the debt ratio is taken into account. However, while banks require a rather low debt ratio, private lenders agree that the ratio is between 50% and 90% of the market value of your property. This opens the door for many debtors who are over-indebted at an advanced stage.

-The credit: The beauty of the private loan is that the credit rating is of secondary importance, while she is king and master at almost all financial institutions. Conversely, some private lenders do not even consider the credit rating when deciding whether to grant the loan, but only your ability to repay them their due.

-Rapidity of the process: The advantage of doing business with private lenders is that they are aware of the urgency of your situation and that they act knowingly. This means that the approval process is done much faster than at a bank, because each lender conducts its due diligence according to its own criteria, without having to respect the suffocating bureaucracy of a bank. In addition, they have access to significant funds that they can send you faster than a bank can.

In addition to the eligibility criteria, private loans often follow a certain tangent as to the conditions under which they are granted.

-The amount of the loan: For the game to be worth it, private lenders often require that the amount of debt is around $ 30,000 and more, which is not the case for financial institutions.

– Borrowing capacity: With a private lender, you will obtain financing up to 75% of the market value of your property, which gives you access to a lot of additional funds to pay off your debts.

Interest-rate: If credit debts come with interest rates around 19-20%, getting a consolidation loan from a private lender will give you access to interest rates around 10%. %! Substantial savings are waiting for you by doing business with private financing!

-Redemption Duration : The repayment term of a private consolidation loan varies due to the eligibility criteria specific to each of the lenders. That being said, it is rare to see a repayment period in six months, despite the fact that a longer term is the norm in the industry!

-The mortgage of your house: if you own a house, it is quite possible that it is burdened with a mortgage. As such, the value of your mortgage is a factor that many private lenders have a special interest in, so it may be beneficial for you to contact one of these lenders to explore the different doors that are open to you!

It is no exaggeration to say that the world of private lending differs greatly from that of large financial institutions. Their eligibility requirements are in worlds apart and the services they offer, albeit similar, each have their advantages and disadvantages. Like what each option corresponds to a particular debt profile!

Be aware, however, that no bank can compete with the speed of the private sector or the latitude it enjoys! You will know where to turn if you feel that your request is on the non-standard side of the financial sector!

Quickly find a private lender to repay your creditors!

 Quickly find a private lender to repay your creditors!

Getting out of over-indebtedness can seem like crossing an insurmountable mountain. The interest rates that make your wallet bleed to the last drop, the ever more insistent and incessant calls from your creditors being heard and the morale that falls flat are all signs of financial health that falls in ruins! Do not wait before it’s too late!

If one or more financial institutions have slammed the door in your face, turn to a private lender who will put money back in your pockets! The solutions they offer you are personalized, realistic and adapted to the reality of your situation.

So, stop bothering the banks for a loan that will never happen and let Bye Bye Debts get the job done to find the private lender you need. By folding the form at the bottom of the page, you will quickly get many submissions allowing you to compare different lenders in your area to make the best choice!

More affordable loan: guide to choosing the most convenient loans online

Personal bank loans and other types of financing

Personal bank loans and other types of financing

Your ability to access the world of credit will be all the more adequate as the requirements that banks or financial institutions require you to formulate the best personal loan, for the liquidity needs that you need. A loan is personalized when in line with the characteristics that the applicant presents in terms of debt capacity, ie the repayment of the contracted debt guaranteeing a certain minimum survival threshold.

Findomestic or Compass loan simulation, for example, allows you to assess this capacity, based on the capital required and the potentially applicable interest rate, in order to formulate an installment that will then have to be commensurate with your net salary or pension. The maximum payable will be the amount that can actually be given to you on loan, in particular if you want to access the fifth assignment, or the direct withholding by your employer, of a portion of your net sums in favor of the institution providing credit.

The calculation of personal loans is a procedure that can be implemented in total autonomy in order to obtain preventive loans, which you can request on the loans page of as much as they meet your needs and without any acceptance constraint.

This will allow you to evaluate the various repayment plans, known as depreciation plans, which intermediaries are required to release so that the convenience between the various promotions that they periodically offer can be compared.

What is the loan amortization plan

What is the loan amortization plan

Each debt contracted whether it is financing for the purchase of new or used cars or personal loans, provides for the reading of an amortization plan, ie the set of periodic installments provided.

These will be calculated taking into account two essential parameters, namely the tan and the taeg, the rates at which the capitalization of the interests and all the eventual charges and expected expenses are calculated. Compass, Ducato, Findomestic and others advertise zero interest loans, actually referring to only tan, as it is the annual percentage rate that must be taken into account in the calculation of the amortization plan, never void as far as loan promotions can be.

Fast personal loans

loan money

Online loan simulation will allow you to have an accurate picture to evaluate the convenience of a banking group’s proposals or a financial company can offer.

Online mortgages or online sales will also allow you to interface with the intermediary you deem most appropriate based on the specifications you will need to provide.

Always remember to have the last paycheck or pension slip together with the CUD at hand, since the immediate online loans have short timelines, consequently from the acceptance of the estimate to the formalization of the contract it could take only a few hours. Delivery times after completion of the preliminary investigation are just as quick, the time necessary for the lender to be able to define your debt position, based on your census or if there are prejudices to obtaining such a protest or attachment.