Archive for the ‘Credit Tips’ Category
- Do you pay your bills on time? The answer to this question is very important. If you pay your bills late, or if you have an account that has been sent to a collection agency, or has filed for bankruptcy. This background will appear in your history and represents approximately 31% of your score
- How much is the amount of your debt? Some scoring models compare the amount of money you owe with credit limits you have. If the amount you owe is close to your credit limits, it is very likely to have a negative effect on their record. This factor affects 30% on your score Read the rest of this entry »
A mortgage is a loan to medium or long term that is given for the purchase, expansion, repair or construction of housing, purchase of sites, or freely available. The acquired property is a guarantee to the Bank (or mortgage) to ensure compliance of credit.
What types of mortgages are there?
According to the Superintendency of Banks and Financial Institutions, one speaks of 3 types:
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The main criterion is taken into account when evaluating the different banks or financial institutions that can give a company a loan is the interest rate they charge.
However, the interest rate banks charge promise or financial institutions is not representative, because there are other additional costs that are included in the loan, such as awarding costs or maintenance, which are not shown clearly, and that raise the cost of credit.
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Give credit to customers (selling credit) is a way to increase sales or to have relations with a client, but can also mean cash flow problems or the possibility that the customer who was given the credit never paid
So before you decide to give credit to customers is necessary to establish a clear policy on credit and collection, evaluate customer good credit you request, to establish credit terms, among others.
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You can not fix your credit score, but you can rebuild your credit history. Time is your best ally in this process. Be wary of offers to improve your credit rating. There is no easy or immediate way to do it. These are some solid advice that can help:
The current market for credit cards is endless, certainly not all cards are the same and their use is different depending on the method by which we choose.
It is very important to choose the credit card that fits your need and financial status in order to avoid surprises later, which can lead to some sort of financial setback.
Among the main factors to consider before applying for a credit card, we find the interest rate, fees charged and loyalty programs.
Credit card types:
Although the supply of credit cards is very variable, there are three main types of credit card:
Secured credit cards: These cards require an advance deposit of security, are designed for customers who either do not have a resume lending, or do not have a good record.
Traditional credit cards: Those that do not require any previous Bond but do not have many advantages, their credit limits are lower than credit cards first level.
Properly used, credit cards may mean some benefits such as being able to have emergency money, or not having to carry large sums of cash with us when we pay lots of money.
However, due to their purchasing power, often credit cards are misused, making us spend more than they should, and making accumulate high debt and pay high interest.
And this does not happen see below some tips that will help us better control of our credit cards as well as some tips related to your safety:
Control costs
The first tip is to control the use of credit cards, knowing that the cards should not be used for everyday purchases, but to be used only in emergencies or to get us some trouble.
One way to control the use of credit cards do not save and take them with us when we go shopping, avoiding impulse purchases.
Posted in Credit Cards, Credit Tips | 
Tags: credit card, credit card tips, Tips on credit card, Tips on credit card use | 
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