Monthly Archives: March 2019

Tips for getting payday loan safely

At times, your payday financial situation may be unfavorable. Whether it’s an unexpected emergency spending, unemployment, or for those who’ve gone bankrupt for lack of planning. Then the need to take out a loan is imminent. But do you know the best practices for not making mistakes when taking this step? What to take into account to apply for a loan or what care should you take? Here are some borrowing tips that will make this decision easier.

Tips for getting loan

Tips for getting loan

First or last option?

The loan can be one of the first options that come in mind to solve the financial problems. However, experts recommend that this practice be the last option.

As good as the credit line may look, we must always remember that along with it come interest rates . So be aware that getting a loan should have motivations like emergencies or more expensive debt swaps .

Get organized and plan!

Organization is one of the best tips to get loan.

Paper and pen or a good Excel worksheet will help you right now. Make a list with all your expenses. Include also existing debts. Make another list with the recipes and winnings you receive. This will help you understand what your real situation is.

Take advantage of this exercise to check if there is a possibility of cutting costs on some item. Another option is to make substitutions for other practices and acquisitions more in account.

At this point, you might even find positive surprises. Sometimes you may realize that your financial situation is not as troublesome as it sounds. Then you can even get away from the need to take out a loan.

Payroll loans

Among the tips to get loan, payday loan is undoubtedly the type of loan with the lowest interest rates on the market. This is because this modality brings financially less risky work. The installments to be deducted are made directly from your salary or your INSS benefit.

If you are salaried, look for the information in the bank that you receive your benefit. He who can release your consigned credit.

For public sector workers, the Central Bank reports that interest rates are even lower than for private sector workers. However, for both profiles the values ​​and percentages vary from bank to bank.

Find out well before hiring. For retirees and pensioners of the INSS there is no rule of exclusivity with banks. Thus, the decision of which financial institution to contract becomes more flexible.

Payday loan

The payday loan is the best option for those who are not salaried and have no right to payroll deductible loans. It should be considered before even getting to the point of needing to install payment of the credit card or use the overdraft.

The information in the payday loan, the rates fluctuate greatly from month to month, being able to reach more than 20%. They are also different in each financial institution. In this case, a thorough research is carried out to determine which company offers the lowest interest rates and payment terms.

Total Effective Cost

Many people are unaware of the Total Effective Cost (CET) of the operation and do not weigh this item when it comes to getting a loan. The CET must be evaluated along with the interest rates of your financial institution. It will reveal the charges charged by the banks.

That is, the option with the lowest interest rate is not always the one with the best CET, which includes taxes, insurance and the registration fee.

Stay tuned! According to the Brazilian Institute of Consumer Protection (IDEC), all banks and financial institutions are obliged to indicate the CET to the consumer.

Loan Simulator

Take advantage of the various digital tools and simulate your loan. Thus, you will have the real dimension of how the loan will interfere in your life.

Too good to be true

Link the “distrust button” to promises that give too good conditions, such as promises of swift credit approval, or very different from the market standard.

Something may be camouflaged in the information you are not seeing. Check out the financial reputation and carefully check all the risks and values ​​involved in hiring your loan.

Digital Shock

The internet and the convenience of new financial markets, also known as banking correspondents, allow you to borrow directly through your cell phone and in a few clicks. However, sometimes they can bring on headache and feelings of injury.

In this case, it is also worth checking the company’s reputation in the market and seeking to know which company or bank is behind that credit.

Do not be defaulted!

These tips to get loan for sure have helped you to think about what to take into account to apply for a loan and the care you should take.

Now the decision is in your hand and you need to focus on maintaining your financial health.

Getting a loan can help a lot to catch the breath you need, but it should not be a reason to relax and let things run out of control again. Keep discipline in control of your incomes and expenses and do not default.

Apply for Payday Loan in 5 Minutes

 

Payday loan is one of the easiest, most convenient and modern ways to borrow money today. In times when technology is one of the biggest trends, it is common for people to perform more and more activities of their daily lives through digital platforms, through the Internet. From this context, financial services have reinvented themselves and today offer various forms and models of payday loan offered in online environments, leaving only clients the task of indicating the value of the requested amount, the form that wishes to make the payment and the term that expects to have to cure the debt.

Most loans are fairly self explanatory. Typically, what they help finance is well defined in the name: real estate financing, auto financing, student credit, among others.

But what about other guys who are not so obvious? If you have heard of payday loan , you may ask yourself, “how does this modality work?”

How payday loan Works

Payday loan is an unsecured loan. That means you do not need to put any good as collateral. In addition, we do not charge an advance for you to receive value, as it is illegal and a rule of the Bank.

Our payday loan may be suitable for you who need quick cash to pay bills or if you want to consolidate multiple debts.

Payday loan is fully online . This means that you can apply from anywhere and time and get your money fast.

  1. Request in minutes the credit you intend to receive online: tell us about yourself and how much you want to borrow.
  2. Select a credit offer: Analyze your monthly payment options and interest rates and choose the one that best fits your financial planning.
  3. If approved, get your money: the amount is automatically deposited into your bank account.

Why Hire a payday loan?

Payday loan is one of the alternatives indicated for those who want to overcome a time of financial difficulty in life, so to pay this debt later in a gradual way, in installments that fit in your pocket. With an increasingly attractive interest rate, in relation to credit card and overdraft, it has been a very frequent activity in lenders and banks that provide this type of service. A trend in countries such as the United States, this mode of credit grows significantly in Brazil, which causes several sites to appear to meet the needs of an increasing number of consumers. Everything is really very comfortable. Just fill in your data and wait for proposal approval.

Exactly by understanding that it is in times of financial difficulty, wants to help and further facilitate the lives of those who are in need of payday loan .

How to make payday loan

How to make payday loan

One of the factors that most irritate anyone who tries to get payday loan at a bank is the bureaucracy. In fact, in addition to having to submit numerous documents and having to sign several papers, another aspect that always leaves those who are in need of extra money afraid of credit is the lack of transparency.

However, if you are included in the group of people who even give up making personal loans so they do not have to deal with numerous bureaucratic issues, has an excellent solution to your problem.

Basically, what we do is make your life easier. To get started, you can get your loan online without having to leave the house because the whole process is carried out exclusively over the internet. That is, those numerous roles and that long conversation with the manager are already eliminated. Then you just have to analyze all the alternatives we offer and choose the one that best fits your need, and after the approval of your credit application, the money is deposited in your account in just a few hours.

However, knowing that everything is done online, it is only natural that you are wondering if does not make a series of demands for your credit to be released. And that’s where there is another differential of the service we offer, because the requirements are minimal, since to obtain the private credit of , you need only:

  • To have Brazilian nationality
  • Have reached the age of majority
  • Be with your active CPF
  • Have an active bank account to get your money
  • Have an email and a phone number so we can get in touch

Online payday loan offers several advantages

Online payday loan offers several advantages

There are several advantages to hiring payday loan . In fact, the fact that everything is done through the internet is already an aspect that makes a lot of difference. However, it would be impossible not to highlight the speed with which your credit is released. In this way, we can say that online payday loan is:

  • Practical : everything is done on the internet
  • De- bureaucratized : do not need guarantor nor present several roles
  • Agile : the response to the request is given quickly and, if approved, the money is released within a few hours

Payday Loans: Is It Worth It To Hire On Financial?

Payday loans should be regarded as an emergency resource to be used only as a last resort. This is because this modality of credit is usually expensive, especially in the financial ones. While the average interest charged on Payday loans made at banks is between 5% and 6% per month, on financials, the rate may be around 20%.

To get a comparison idea, taking a loan of R $ 10 thousand at a 20% interest per month, you will pay R $ 1500 more in interest per month than if you had contracted a 5% line.

Before you make that decision, which will compromise your budget in the coming months, it is critical to answer some basic questions:

Before you make that decision, which will compromise your budget in the coming months, it is critical to answer some basic questions:

1. Do you really need this money?

Taking a Payday loan is no joke. The operation should not be contracted on impulse. Think about your real need for this money.

2. Can you wait a little while and save the amount you need?

If you decide that you really need the money, evaluate your urgency now. Is it possible to wait a little while until you can add the total or even partial amount so that you can make a Payday loan for a smaller amount?

3. Can you borrow from someone close to you?

Lending money from friends and family, for example, agreed interest rates tend to be much smaller (sometimes symbolic) when compared to interest rates in the market.

4. Will the final installments fit your budget without breaking it?

This is one of the key practical factors to consider when taking out a Payday loan. It’s no use taking on a commitment that will end up destabilizing your budget and creating a snowball of debt. Take the opportunity to see if the distribution of your spending is in line with the 50-15-35 rule.

5. What is the amount of interest charged? Are they the best option you get in the market?

Another superimportant factor to be evaluated when seeking a Payday loan is the interest charged. Compare here the interest rates charged by the main financial institutions of the country.

6. Will I borrow at the bank or the financial?

You already know that, in general, the interest of the Payday loans in the financials is usually higher than in the banks. However, they offer some advantages, such as the possibility of lending money to people with the dirty name, something that does not happen in banks. These should be the two main factors to be weighed in your decision.

Tips for getting payday loan safely. check out

At times, your personal financial situation may be unfavorable. Whether it’s an unexpected emergency spending, unemployment, or for those who’ve gone bankrupt for lack of planning. Then the need to take out a payday loan is imminent. But do you know the best practices for not making mistakes when taking this step? What to take into account to apply for a payday loan or what care should you take? Here are some borrowing tips that will make this decision easier.

Tips for getting payday loan

Tips for getting payday loan

First or last option?

The payday loan can be one of the first options that come in mind to solve the financial problems. However, experts recommend that this practice be the last option.

As good as the credit line may look, we must always remember that along with it come interest rates . So be aware that getting a payday loan should have motivations like emergencies or more expensive debt swaps .

Get organized and plan!

Organization is one of the best tips to get payday loan.

Paper and pen or a good Excel worksheet will help you right now. Make a list with all your expenses. Include also existing debts. Make another list with the recipes and winnings you receive. This will help you understand what your real situation is.

Take advantage of this exercise to check if there is a possibility of cutting costs on some item. Another option is to make substitutions for other practices and acquisitions more in account.

At this point, you might even find positive surprises. Sometimes you may realize that your financial situation is not as troublesome as it sounds. Then you can even get away from the need to take out a payday loan.

Payday loan

The payday loan is the best option for those who are not salaried and have no right to payroll deductible payday loans. It should be considered before even getting to the point of needing to install payment of the credit card or use the overdraft.

The information of the Bank is that, in the payday loan, the rates fluctuate greatly from month to month, being able to reach more than 20%. They are also different in each financial institution. In this case, a thorough research is carried out to determine which company offers the lowest interest rates and payment terms.