Archive 2019

Learn How to Stop Making Debts


When you get into debt you can end up messing up your budget. In addition, to face several restrictions when applying for a loan, if it ends up negative. Criticism at

So you have to get rid of them as soon as possible and organize your finances. And always make smarter financial choices to spend less.

So, we separate some tips on how you can stop making debt

9 Tips on Controlling Your Debts

1- Put all your expenses on paper

The first step to organizing your financial life is to write down all your expenses. Doing this for a period of 30 days will already suffice for you to have a sense of how you are spending your money.

After that, identify the fixed expenses, such as: water, electricity, telephone, rent, health insurance, parcel of the house or car. It will also be necessary to stipulate what the spending limit will be for other things, such as: market, bar, gifts, travel, among others.

With organization you can understand your expenses and control your debts.

2 – Cut costs that are not so essential

Now that you’ve identified your spending and you already know that some of them are not essential, it’s time to cut or fold.

Nonessential spending, like that coffee after lunch, is usually the budget villain. It’s those little day-to-day spending you hardly realize you’re spending.

Try to get it out of your routine or slow it down.

3 – Maximum installments of 20% of your income

3 - Maximum installments of 20% of your income

Not all debt is bad. For example, when your biggest dream is to buy an apartment, each installment gets you closer to it.

But for this, be aware of the values ​​of the plot, as they should not exceed more than 20% of your income, as this may end up compromising the other areas of your budget.

4 – Exchange your expensive debts for cheaper

If you have no restriction on your CPF, a good alternative is to apply for a loan that has lower interest rates to repay another loan that has higher rates.

Some examples of expensive debts that can be paid with other loans are the overdraft and the revolving credit card.

5 – Whenever possible, anticipate your plots

Whenever you anticipate the installments of any debt you have, it is possible to receive rebates, which are the interest you fail to pay.

So, whenever you get that extra money, it pays to anticipate some installments.

6 – Renegotiate the delayed installments

Always try to renegotiate your backlog, because the longer the delay, the higher the interest on the debt.

It is best to always negotiate directly with the lender because the conditions are better. And if you think the lender’s proposal does not fit in your pocket, always make a counter proposal.

Currently, there are some trades, such as the Clean Name of Serasa or the Negotiate Debt Online SPC. Take the opportunity to renegotiate and even get a discount.

7- Make an emergency reservation

It is important that you plan to save and have an emergency reservation. This reserve will be very important so that in times of tightening you have extra money, and do not need to resort to loans.

Emergency supplies help a lot in times of tightness.

8 – Always pay cash

8 - Always pay cash

The best way to avoid debts is by paying cash. Avoid using credits because these debts can end up adding up in your budget. In addition, this form of payment also gives you room to negotiate rebates with the seller.

So it is important to plan your spending, know how much that good or service you want, save money so you can pay cash and then ask for a discount.

9 – Escape multiple credit cards

When the credit card is used without control and as a complement to your income, it can be a problem. Especially if you own multiple cards and use for all your purchases.

Be very careful because you may end up curling up and creating new debt. So always look to pay your purchases in cash.

Loan: 7 Mistakes That Businesses Make When Making Money

Even the most experienced companies can make a few mistakes when hiring a loan. Learn from the mistakes of others and get ready to make a good business.

Loans are part of the reality of many companies as they are important to sustain or expand business. From its inception to the consolidation of large corporations.

Although they are familiar with credit operations, some entrepreneurs make mistakes that can do more harm than contributing to the company’s finances.

Here’s what are the top mistakes and get ready to make a good deal.

Close it directly with your bank without considering other alternatives

  • Choose wrong mode
  • Order less than necessary
  • Compare Interest Rates Only
  • Do not set resource target
  • Do not worry about formalizing the loan
  • Do not update budget forecasts

Close it directly with your bank without considering other alternatives

Close it directly with your bank without considering other alternatives

It was the time when it was only possible to get a loan with a large bank, in which you were a longtime customer. With the portability of credit and the arrival of startups, the market became much more diverse.

Nowadays, there are many options, including financial institutions specializing in business loans. Most of them offer online service.

It is worth consulting and comparing, as rates and conditions vary greatly between them. To facilitate use a credit comparator , a digital platform that does this market research for you. Just register to get access to personalized offers.

Choose the wrong mode

In the same way that there are many financial institutions, there are also several loan modalities. Each one with its own payment characteristics and conditions.

This means that there is a way to solve specific challenges for each company. Some are even subsidized and have competitive rates.

To find the ideal option, it is necessary to evaluate the size of the company, the sector, the financial situation, the possibility of presenting guarantees, among other things.

Order less than necessary

Before hiring any type of loan, the first thing to do is a detailed analysis of the financial situation to find out how much you actually need.

It is no use making a loan to refinance expensive debts, if the cashier will be totally committed to paying the installments, leaving the company without working capital.

In this type of situation, it may be interesting to contract a higher amount to cover the costs of the operation until the inflow of a receivable stabilizes the cash flow.

Compare Interest Rates Only

Compare Interest Rates Only

At the time of making a loan, most people are aware of the approved amount and interest rates. This is certainly very important, but there are some issues that deserve attention. For example, charges, administrative fees and payment terms.

These additional costs can raise the total amount that will be paid until the financing is repaid.

To ensure a good deal, it shares the Total Effective Cost (CET) of the operation and the final debit balance. Consult, evaluate and choose knowing all the details.

Do not set resource target

Good entrepreneurs have many goals and plans for their business. Some are delayed because of a lack of resources and lie dormant until the right time.

It turns out that when the loan money falls into the checking account, these plans awaken and can divert the focus from the most urgent priorities.

That amount seems to be enough to suit everything, but it is not. To avoid this risk, make it clear what the fate of this money is.

Do not worry about formalizing the loan

No one likes formalities, much less read contract fine print. But you can not escape it if the intention is to make a safe and advantageous operation.

This step is essential to ensure that the conditions exposed at the beginning of the process have been recorded in the contract. After all, it is worth what is in the legal document.

Check amounts, parcel numbers, fees, fines and procedures in cases of default.

This timing is also important to make sure you are closing business with a serious company. Be wary if the institution does not pay much attention to the drafting of the contract.

Do not update budget forecasts

After getting the loan many entrepreneurs settle in with the feeling of “problem solved” and forget that soon will come the first charge of payment.

However, if budget forecasts are not updated and the loan portion does not go into financial planning, the company is at risk of indebtedness. It may even fall into a “snowball” effect that will only be restrained by hiring an even bigger loan. Therefore, update the financial control to keep the cash balance.

This is also important in nurturing the relationship with the lender. In the future, this can contribute to your credit analysis and you can achieve much more attractive conditions.

Simulate Mortgage Loans – Interest Rate

We have been writing about credit housing, seeking to alert you to the potential savings of negotiating different offers before buying your home. In this article, we will focus your attention on the interest rate of housing credit, leaving some alert and suggestions. An assessment at

Mortgage Loans – Fixed Rate or Variable Rate?

The choice between fixed rate and variable rate will depend on your desire for stability. Normally, those looking for the fixed rate privilege a provision that is always the same. It does not want uncertainties or negative surprises. Of course when setting the interest rate you will have to “pay” for it. In practice, this “payment” consists of a higher interest rate because the long-term rates are higher than the short-term rates. Therefore, it will be supporting a superior service in the first few years to ensure that in the latter the service will be less.

Pay Attention to the Products You Hire to Lower the Spread of the Housing Credit

Many families are faced with a vast commercial offer to make it possible to lower the spread of their mortgage credit. In practice, in exchange for a few tenths of a discount in the spread, they end up hiring several products that in the end will increase the benefit. To facilitate the comparison of different proposals you should analyze the APR, which is the rate that makes the costs of the different products comparable.

If you have to contract products to ensure a spread reduction, we suggest you focus on savings products. In practice, it ends up “diverting” the savings in the spread to a savings product. It accumulates assets that can be used in the future and in an emergency situation. If we talk about savings accounts like PPR will still have tax benefits that at the end of the year may represent a few more euros of savings.

Pay Attention to Home Equity Life Insurance

Pay Attention to Home Equity Life Insurance

One of the products where banks can get a very interesting return is the life insurance associated with mortgage credit. In practice, when contracting the credit we end up not paying attention to this cost. Unfortunately, with the passage of time, the insurance premium will increase significantly. By the way, we know several people who pay more for life insurance than they pay for the installment. We always suggest to these people that they try to negotiate the insurance premium because it is possible to save a lot of money.

Use a Housing Mortgage Simulator … But Be Cautious

To have the lowest spread in housing credit, you should try to simulate several alternatives. There are different simulators that tell you how much you will pay at that bank. Oliver Mellors chooses to assist its readers by analyzing their specific case and submitting credit applications to the bank that is most appropriate for each individual case. In addition, we negotiate the spread and the products associated with the credit, seeking to lower the cost to our clients to the maximum extent. Why not ask for our opinion? The process has no cost to you …

Mortgage Simulator

Have you decided to buy your dream home? Need to find the best credit housing for your specific case and do not have the availability to deal with all the red tape? Use the housing credit simulator below and have the professional support to have the cheapest housing credit. And best of all, there is no cost to you! See for an observation

Choose Your Home Before Using the Mortgage Simulator

Choose Your Home Before Using the Mortgage Simulator

The first step to buying a home with the use of credit housing should be the choice of a home. You can certainly simulate different scenarios to figure out how much you can go to when buying your home. However, the most correct use of the credit simulator should contain a value of the property as close to reality as possible. And this is a reality because the spread amount of your credit will vary greatly with the effort rate, property values, warranty and required financing.

Prepare Your Case With Caution

Once you have chosen the housing you should keep in mind the variables that may reduce the interest rate of your housing credit. You should note:

  • Effort rate – The ratio between the installments of your credits and the net income of the household. Try to have a reduced effort rate so that the simulator housing credit from your bank register a lower rate.
  • Contract of employment – Banks want customers with stable incomes. They want clients with a work contract of effectiveness and a reduced weight of variable income.
  • Loan / guarantee ratio – Currently the bank does not want to lend more than 80% of the value of the valuation of its housing. So you should keep in mind that the assessment should be more generous than what you will pay for your home. You have to negotiate with the seller for a low price and use some of your savings to give input.
  • Guarantor – If you want to improve your credit quality you may have a guarantor to give an additional “comfort” to the operation.

How to Use the Mortgage Simulator?

How to Use the Mortgage Simulator?

Already chose your home and already collected some information so it is time to fill the housing credit simulator.

Try to make the most accurate information possible. You will then be contacted by one of Madame Defarge’s consultants for confirmation of data and to discuss the next steps with you. We remember that the process of housing credit does not have any cost for you . We do all the work and we deal with all negotiation and bureaucracy per se.

Find The Best Loan Plan For You And Apply – Payday Loans Online No Credit Check

With a view to completing the analysis of the European Standardized Information Sheet for Housing Credit , we will now turn to the last items in this document. In the last articles on the subject we focus our attention on the nominal and effective interest rate without leaving out the revised annual effective rate and also the introductory aspects. fleshes this out

Today we will identify conclusive aspects of the Information Sheet, such as amount, duration, number and periodicity of the services, additional costs and early repayment.

We specialize in bad credit loans: Payday Loans Online No Credit Check

Here there is no great difficulty in understanding the information returned in these fields, since in our initial article on simulating housing credit we have identified the elements necessary to carry out a credit simulation.

The amount is in accordance with the conditions under which you negotiated the acquisition, works or construction of your dwelling. In the case of acquisition, the contract of purchase and sale is the document that clearly identifies the acquisition value, however, in the case of construction or works, the budget will be the best document.

The duration of the loan should be in accordance with your financial capacity, so you should first check the maximum amount of the benefit you can afford taking into account all the charges and expenses you have in your family budget.

Determine a Security Value for the Rendering of Your Mortgage

Determine a Security Value for the Rendering of Your Mortgage

Determining a security value for the provision is critical. Thus, you can establish a withdrawal period that will return the term indicated for your housing credit.

If for example a benefit of 600 euros is framed in its monthly effort and for this benefit has a loan duration of 30 years, it does not make sense to hire a housing loan for 40 years and bear a benefit of 500 euros, costs in terms of interest paid.

The difference between a 30-year loan and a 40-year loan in terms of total interest is approximately EUR 30 000 for an amount of EUR 140 000 at an interest rate of 3%. As a general rule, the periodicity of the benefits is monthly and this periodicity determines the number of benefits that will have to be returned to the bank. It is possible to change the periodicity of the installments for quarterly, half-yearly or annual installments, however, it is not very usual for banks to accept this type of periodicity.

Additional Costs and Early Refund

The additional costs identify the costs of the funding request and are clearly represented in this field. It is an item that should be compared to other home mortgage simulations, comparing the recurring and non-recurring costs of home loan. The recurring costs are those that will be verified throughout the credit, such as insurance premiums or processing commission.

The costs not incurred are the charges for the application, formalization and contracting of the credit, such as opening and dossier commissions, etc.

The early repayment is legislated by Decree-Law no. 192/2009 which stipulates 0.5% on the amortized capital if the loan is a variable rate and 2% if the loan is a fixed rate, however, the decree does not provide for the amount of this reimbursement, while the banks have the ability to set minimum amortization amounts that may prevent them from paying the housing loan earlier.

Money Separating Technique

Technique of setting aside money 


Putting money aside is a tax strategy to reduce your taxes. This strategy involves converting your personal loans whose interest is not deductible from your taxable income into a loan used to pay business expenses whose interest will be deductible.

Who is it for?


For unincorporated self-employed, unincorporated business owners or rental property owners who have business expenses.

How to do?

How to do?


You use your income (business or rental) to pay for your personal expenses and personal loans. You borrow to pay your business expenses.

Here is an example:

Mr. Autonome has a gross annual income (before expenses) of $ 100,000. Each year, his business expenses rise to $ 50,000, and he has a $ 100,000 mortgage on his residence. Prior to the establishment of the MAPA, Mr. Autonome could not deduct the interest paid on his mortgage of $ 100,000. After one year of setting up the MAPA, Mr. Autonome can deduct the interest paid on his line of credit by $ 50,000 and can not deduct the interest paid on his mortgage by $ 50,000. After two years of setting up the MAPA, Mr. Autonome can deduct the interest paid on his line of credit of $ 100,000. In two years, Mr. Autonome transformed his mortgage – whose interest was not deductible from his income – into a loan whose interest is tax deductible.

What did Mr. Autonome do during these two years?

He has opened two bank accounts: the first one we will call “income account” and the second one linked to a line of credit that we will call “expense account”. Mr. Autonome deposited all his income in the “income account”. From this account, he paid for his personal expenses and repaid his mortgage. From the “expense account”, he paid exclusively for his business expenses. He did the same thing again in the second year. This technique is very tax-efficient because it saves a lot of taxes. The Canada Revenue Agency (CRA) has recognized the validity of this technique since 2002. All you have to do is use it and save money.