Posts Tagged ‘credit tips’
- 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 »
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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: