All posts by Craig Denny

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.

What they do not tell you about online payday loan

Online Payday loan may be the best way out for many problems. However, before you place your order, you need to understand everything about this financial product to ensure that you do not fall into any trap.

There is much more to looking at on a loan than just the interest rate. Thinking of helping you with this task, below we tell those details that pass beat (and no one tells you) when applying for your Payday loan online. Follow us!

Not always lower interest rates mean the best option

Not always lower interest rates mean the best option

It is common that when applying for a Payday loan online, people stick to the interest rate charged. Although very important, it is not only her that will influence how much you pay after all. Some institutions may charge a number of other built-in fees, so you need to compare the CET, Total Cost Effective.

The CET is a tool that considers all the costs of a loan. At this Bank link you can find everything about it. Institutions are required to inform the CET of their loans on their website, since calculating it alone can be a bit tricky.

Payday Online Loan is Safe and Reliable

Payday Online Loan is Safe and Reliable

The internet is good and bad, as we well know. However, many are still scared when it comes to tinkering with money over the big network. Although there are still people scamming around, online financial services are becoming safer, including online Payday loans.

Just take some care, as we explained in this post. The main one is to make no advance deposit to get the loan. No serious institution will ask you to pay a fee to release the money – after all, the goal is to help you, not tighten you even more.

You can anticipate installments and earn discount

If you receive extra money and want to anticipate some or all of the loan installments, you can do so. Just get in touch with the institution you hired and ask for the anticipation. Some even offer per-application mobile services to make life easier.

But remember to negotiate a discount! Interest is calculated according to the term you set for payment in the beginning. If you anticipate the discharge of the loan, therefore, you are entitled to a reduction in the total amount paid.

Overdraft is also a Payday loan

Overdraft is also a Payday loan

Many do not think about it, but overdraft is also a type of Payday loan. In this case, you have a pre-approved credit in your account, ie if you get zeroed, the overdraft cash will be available automatically.

However, this is not a very smart way to use a Payday loan. The overdraft interest rates can be very high, and since there is no control whatsoever, you can end up piling up even more.

You may regret and cancel the loan.

You may regret and cancel the loan.

When you apply for the Payday loan online, the institution does an analysis of your profile. After that, you will have to confirm and validate the information you have passed if your request is for data verification. If before this process you think better and regret, you can cancel the order with the chosen company.

But remember! This must be done before the finalization of the loan agreement. After that, it is important that you read all the details of it (or ask a friend with more experience to read, if you feel better). The agreement will specify all conditions that you must meet during the loan period.

Now that you already know everything that does not tell you about Payday loan online, are you ready to ask for yours? Do your simulation right now!

What is the Best Special Check or Payday Loan?

When we are in need of money, whether to buy something or even to pay off debts, it is almost an impulse to resort to less bureaucratic credit alternatives, such as overdrafts.

This does not happen by chance: the overdraft is very practical and easy to use – when your account goes red, you are automatically using it. But is that really the best solution to get the money you need?

Another less used alternative is payday loan, and that’s what we’ll talk about today. Below, we’ll explain to you how these two credit offers work, so you know how to decide which one is best for your pocket!

How does the overdraft work?

How does the overdraft work?

Overdraft is a service offered by financial institutions and attached to your account. At the time of opening, a profiling is usually done to determine the amount that will be made available on your overdraft. The greater your financial credibility, the greater the value.

This amount is already made available in addition to your account balance. This is a strategy for banks to see your overdraft as “guaranteed money” and end up using that credit service.

That is why it is important to be careful when looking at your balance. The actual cash value you have will be recorded first and then the amount of the overdraft. Some points to consider before using the overdraft are:

  • There is no payment date, unlike a loan. However, the longer you use the overdraft amount, the more interest you will pay;
  • Some accounts offer a few days of interest-free check, so check to see if yours does not fit this type;
  • Overdraft interest is usually charged every first business day of the month, and if you do not have money in your account, you may be charged a 2% fine on the debt.

How does payday loan work?

How does payday loan work?

payday loan is a service offered by banks, financial institutions or banking correspondents. With it, it is possible to get an amount for various payments depending on your credit rating. This modality has gained strength, especially among those who need small loans to pay off debts or buy some more valuable goods.

Currently you can make the loan online without even leaving home. The process is very convenient and less bureaucratic than with banks. Some points to consider before applying for a payday loan are:

  • The loan application process with banks is usually quite bureaucratic, whereas through the internet the process is faster and the requester has the answer in a few minutes and if approved, receives the amount in a few hours;
  • The online payday loan is quite secure, as long as you research the loan provider company well before making the contract;
  • For the payday loan online, it is possible to get smaller amounts, for punctual payments, ideal for those who do not want to commit to a new long debt.

But then which of the two is better?

And the answer is: it depends. For those who have a few days of interest-free paychecks, this may be a good option to reimburse some payments. However, because there is no set control or due date, overdraft can end up becoming a snowball, which will make you pay more than if you were looking for other credit options.

The interest rate on the payday loan varies greatly according to the financial, since each company has rules, approval rate, credit analysis etc. However, this can be a good option, especially when you need small amounts to pay off debts or punctual purchases. The tip is to research hard and choose a suitable financial and that offers you good conditions for payment.

Get your top payday loan questions

 

Do you need money? Do not worry. Everyone goes through a moment of life when they need a little more money to pay off an extra purchase, take out debts or even make some investment.

That’s what the payday loan is for: to save you in that moment that seemed to have no way out .

But as we know that when it comes to money you can not do anything “blindly,” below we answer the main questions about payday loan so you can make yours in the most conscious way.

Ready to start?

 What is payday loan?

 What is payday loan?

payday loan is a form of payday credit offered to individuals. In general, this type of credit may or may not request a good as collateral, for example your property or car.

These two types of loans have different target audiences and also the product turns out to be different to suit different needs.

 What is the interest on the payday loan?

 What is the interest on the payday loan?

Like any loan, the payday loan has interest. In this case, they can vary greatly according to the financial institution granting the credit. This difference in interest rates may depend on several factors, such as whether the company grants a loan to negative or not, if it asks for a good as collateral, level of risk, etc. Worth searching to find the best offer that meets your need!

Who can apply for payday loan?

Who can apply for payday loan?

Each financial institution has its requirements for a person to apply for credit, but some basic requirements for applying for a payday loan are:

  • Be over 18 years old;
  • Have a valid CPF;
  • Bank history;
  • To reside in Brazil;

The loan application should always be made on your behalf and with true data.

Where can I apply for a payday loan?

Where can I apply for a payday loan?

payday loan is not a new type of credit. Financial and most traditional banks have already offered this modality for some time in their banking branches, the big difference now is that it is also being offered by the internet by fintechs.

The advance of digital media allowed credit to reach the big network with a much faster request, evaluation, and money-sending process and less bureaucracy. You can do a simulation online from the amount and number of months you want to pay and the calculator automatically returns the amount of the installment and all the information necessary for you to make the decision.

How is the evaluation of the application made?

How is the evaluation of the application made?

The evaluation of your request is made according to various data informed by you at the time of your request, the financial institution will analyze the risk of granting the money to you. Credit analysis is one of the forms of evaluation, which is done through bank statements.

Your credit score is also assessed. This is a score that represents how good a payer you are. Every Brazilian has a score and the more you pay bills on time, request financial products and keep them up to date and use your credit card consciously, the more points you earn.

In addition, verification of the veracity of all the data informed during your request is made.

How much time does the money go into the account?

How much time does the money go into the account?

The time for the money to fall in the account depends on the institution granting the loan to be denied. However, it is worth saying that in the case of online loans this period is much faster. As everything happens on the internet, the evaluation is done in a few minutes, you get an answer on time, if approved, the money goes to your bank account.

In traditional financial institutions, you need to go in person to apply for the loan and carry all the documents and vouchers required by the institution. Usually you need to have the account at the bank that wants to get the loan and have a history so they can analyze your case. To give you an answer it can take some time, and if you are approved, you will receive the amount in the bank account.

I was not approved, what happened?

I was not approved, what happened?

There is a possibility that you may not be approved, there may be several reasons for this decision. For example: low credit score; not approval in the data analysis; divergences in the registered data; etc. But if this happens it is not cause for despair! There are a few tips you can follow to improve your credit score and make a new request.