Category: Debt consolidation

Unsecured debt consolidation loan -Discover bad debt consolidation companies

If you are a professional or you are in charge of a company to which you owe money, you should read this article. In it we will talk about the figure of the collection company. What role does it have, why should we go to it, what is its legality, etc. It is in order for you to have a global idea about what you can do if you find yourself in a position like this. Claiming what is yours is never easy or comfortable, besides it takes time and strength. And if you’re on top of your business, it makes day after day very difficult to cope with.

In recent years these types of companies have increased their number and their cases. This is due to the high delinquency derived from the period of the crisis through which the country has passed. The changes in the way of working, the collection methods and/or the different options they offer, place the failure data above 20%.

Discover bad debt consolidation companies

Debt consolidation companies like Dedebt are responsible for consolidating unpaid debts. 

And you may wonder, what is the point of all this? Where are the benefits of these entities born? There are two options. Receive a percentage of the debt charged. Or buying debts from third parties whose limit has already expired, and all that is received will be for the company.

Why go to a collection company?

There are times when things do not work out the way you want, and if there is money in between, it usually becomes very uncomfortable, since you are not sure if that amount that was lent will be recovered. And it is not something that affects only individuals, but companies of different kinds. That is why at this point we will talk about the reasons for requesting services from a collection company. This action will end with many headaches.

  • It’s comfortable. The professional has to save his time and strength in ensuring optimal service to his clients. So in the case of having to settle some debt, it is better that experts in the field are responsible for claiming it. Thus the entrepreneur can turn to 100 x 100 in his business, without any distractions.
  • Costs are saved. When trying to collect a debt, a large sum is usually invested to obtain the desired end. And it usually becomes the largest in the balance. So this is another point in favor to hire a collection company. In the long run, it is much more profitable to delegate to these types of entities, which establish a specific action plan. And so it will be more economical, both for saving time and the forces we talked about before, as for the reduction of costs.
  • You ensure the collection of an amount . Among the options offered by the collection company is to “buy” the debt. This now occupies the role of a creditor, and the professional requesting payment receives what is owed. This avoids requesting that debt over and over again. The negative point is that the recovery company sets the amount, and may not fully satisfy the other party. Since it is usually quite inferior to what was due.
  • Effective . A collection company usually has a high success rate in its projects. Although this will vary in the economic time in which it is. In periods of crisis that percentage has been reduced, unable to cope with lack of funds. This has nothing to do with the so-called “delinquent professionals”, who do not pay simply because they do not want to.
Type of collection company

Next we will talk about the different categories in which we can frame a collection company according to its origin or functionality. In Spain, companies that are dedicated to claim debts are grouped in the National Association of Collection Management Entities (ANGECO). This is the employer entity of this sector, and has about fifty members. But we will talk about it in depth later.

Categories of collection entities

money cash

  • Those who request debt recovery in a friendly manner . Its function is to act as emissaries of its customers. They use tools such as sending postal correspondence, telephone calls or personal visits, among other options. In order to motivate the debtor to comply with their payments. It is a measure of pressure on the debtor to avoid having to resort to justice. And the methods they use are covered by the Law.
  • Telecollection companies dedicated solely to contact a list of debtors telephone. They try to convince them that they have a commitment to face, and in case of not solving it, what measures could be taken against them. The portfolio of these types of entities are debts of not very high amounts, and that are in an early stage of default. Hiring the services of this type of company comes in handy when the creditor has an extensive list of debtors. But he lacks the necessary time to call them and reach a deal. Being a more direct management, a compromise by the debtor can be reached soon.
  • Law firms . The procedure of these professionals is to begin in a friendly manner with the debtor. In case you avoid your responsibilities or a deal with them, they will go through the judicial process. Even so, friendly negotiations will remain on the table in case the delinquent withdraws before the execution of a sentence.
  • Large companies responsible for debt recovery. In this category the three types seen above are combined. From the least serious to resort to justice. Customer information and the case is not lost at any time, as it is a continuity in management.
Other collection entities

The vast majority of entities specialized in debt recovery only need the friendly way to reach an understanding with the debtor. A very small percentage of cases ends in a judicial phase.

If you are thinking of requiring the services of a collection company, it is good to consider those that are part of the ANGECO . Admitted in turn to the Federation of European National Collections Management Associations (FENCA). The member entities of this employer have a great guarantee of professionalism and quality. In ANGECO you have to follow strict requirements.

Even so, as we have said before, not all collection companies are associated with the National Association of Collection Management Entities . So the treatment, the professionalism and the result are not directly at odds with this. What we do recommend is to consult several, request budgets, consult your action plan, etc. And after that make the most convenient decision. This will save you from more than one problematic situation.

From Personal Blog Unpaid you can ask any questions about it. By chatting their website , contact phone number 912 668 043 or this form . In addition this portal also has a section of frequently asked questions that can help you in your decision. Later we will also talk about this collection company .

What is the National Association of Collection Management Entities?

What is the National Association of Collection Management Entities?

According to the definition that appears on its web portal portal “ ANGECO is the National Association of Collection Management Entities that groups companies whose corporate purpose is to provide collection management services for unpaid amounts, both in a friendly and judicial way ”. It is also a non-profit entity. And it has a cultural and educational character.

As we said before, to be part of ANGECO, strict requirements must be met, such as the one related to the association’s code of ethics, in terms of debt collection management. To which it is necessary to add to possess a (almost) perfect professional trajectory within the business world. Associated companies are required to comply with the European level that prevails at this time in debt management.

The Federation of European National Collections Management Associations is currently part of FENCA . Among the purposes of this are:

  • Protect and monitor the interests of member National Associations.
  • Promote the development of the European regulation in debt collection activities.

ANGECO strategic axes

  • Regulate the sector. Support public authorities to take legal measures that regulate the activity carried out by this sector.
  • Networking. Help build relationships with other companies and cooperation in the sector. And thus fight together against possible common problems.
  • Professional growth. Transmit related knowledge in debt collection.
  • Professionalism and rules of conduct. Being part of ANGECO is like a seal of quality for its associates. This occurs in the absence of regulation by the State.
  • Institutional representation. For associates to be represented in international organizations in this sector, and thus establish business relationships.

Personal Blog Unpaid

Surely you have browsed numerous times through this blog. This medium belongs to Personal Blog Unpaid . At this point you can know more about this entity, how it is born, what is its function or what is the work that develops, for example.

This collection company was born due to the need of entrepreneurs to have a reliable and updated tool with financial data on delinquency. In this way they knew more in depth the activity and the possible financial problems of other entities with which they were to close deals, and be prevented before possible defaults.

In Personal Blog the personal data of the clients is treated with total respect and confidentiality. Details such as the origin of the debt or who the creditor is are not disclosed, unless it is done at the express wish of the client in question.

How does the claim for defaults work?

  1. You must first create a user . You can register using your e-mail or your Facebook, Google or Linkedin accounts.
  2. After registering with Personal Blog , you must open a claim in the user panel. There you select the default claim modality that best relates to your case. Fill out the form below. In it you have to include the debt data.
  3. The debt is verified . The Personal Blog team of lawyers is responsible for reviewing the case. The maximum estimated time is 48 hours. And of course, all documents that prove the debt have to comply with legal regulations.
  4. Once the debt is verified, the debtor is written. You will be required by this collection company to pay the relevant debt . This friendly notification explains that if you do not agree to cancel the debt, it will become part of the Personal Blog delinquent file .
  5. If the debt is paid, the process is terminated. In this first phase, 58% of Personal Blog’s customers get it .

If the debt has not been paid

  • In case there is no payment of the debtor, after the first requirement it will be included in the Personal Blog file . As it was communicated.
  • Sending the notification to the debtor of its inclusion in the file . After adding your data to the entity’s file, a certified letter is sent to you. It warns of what happened and the negative consequences that this entails. Because this file will be consulted by banks, insurance companies, financial institutions, etc., preventing you from requesting financial assistance in the future for the activity or resource you need.
  • In the case that it is a company that owes the money, from Personal Blog a method applied to Google has been developed. When you consult your name in this search engine, the option of whether you want to consult for free if that company has defaults appears in the top positions .

For more information about defaults, debt claims, financing issues or any kind of fair consultation and other topics, we invite you to continue reading the Personal Blog blog. 5.0 02 

A loan from a family or from a loan company?

 

We can borrow money not only from the bank. We can also take advantage of offers from loan companies or simply ask for help from our relatives – parents, siblings and parents-in-law. What is it worth deciding when we need extra cash ?

A good loan does not have to cost us a lot. However, it is worth taking the time to find one that will also be comfortable for us. Often, it seems to us that the best solution is a loan from someone in the family – we do not have to pay any costs as in the case of ordinary loan offers. On the other hand, not everyone in our family has the money to borrow money or simply they may not have the amount we need.

A loan from a family – what is worth remembering about?

A loan from a family - what is worth remembering about?

When someone from the family can borrow money, in this case it is worth making a contract. In the case of an amount from PLN 500 and up, it is indicated. Such a contract then secures each of the parties to the transaction. We can download the contract template without any problems from the Internet, print it and fill it. Two copies should be prepared.

However, we must remember that loans in the immediate family may be connected with the need to pay tax! Loans among the closest family, that is when the spouse, children, grandchildren, parents, grandparents, siblings, parents-in-law, take them, we must notify the tax office.

When we borrowed less than PLN 9,637 from one person in 5 years, we do not have to report it anywhere and we do not pay tax on it. Higher loans must be reported to the tax office and properly documented, because otherwise we will have to pay a considerable tax!

Or maybe a loan from a loan company?

If the loan from the family is not an option, in this case we have nothing else to do but to go to a bank or loan company. We should remember that banks have higher requirements, while in non-bank companies it will be easier to borrow – especially for smaller amounts. We can also receive such loans via the internet.

Loans from loan companies are available at your fingertips – we do not even have to provide documents confirming our income to get the sum we need. Of course, a lot depends on how much you want to borrow. When this is a larger amount, the best will be the installment loan, for which we can go to the loan company stationary or we can apply for it online, that is, we can arrange everything from our home.

The advantage of borrowing from the company is the lack of need to involve the whole family. Many of us certainly know that loans from loved ones may be easy to get, but then they can cause a lot of family tensions. In addition, the borrower may feel indebted to the lender not only financially but also morally. If we do not want to become addicted in this way from another person, simply choose a cash loan from the loan company. We will pay more for it, but we will not have to ask for money from someone close to you, which can also be embarrassing.

 

Loan information – check out

 

 

How do loans work?

The process is 100% online and you have to perform the following steps:

  1. Send your request from here by completing the fields of how much money you need and the term you want to pay it.
  2. Complete the following information: Step 1: Personal information, Step 2: address, work information and bank details
  3. You will receive information on the different credit options available to you.
  4. The credit company will inform you if it approves or denies your loan after reviewing your application.
  5. You receive the loan in your bank account on the same day.

What requirements do I have to meet to approve my loan?

All the loan companies with which works require you to meet a minimum of requirements to qualify for a loan:

  • Being over 18 years.
  • Have Mexican nationality.
  • A bank account of its own.

Additionally, each loan company may ask you to comply with another requirement.

How much money and how long can I get ?

How much money and how long can I get ?

Providers offers short-term online loans of between $ 500 and $ 6000 through its platform.

The deadlines for its return range from 7 to 30 days.

Do you charge me any commission for this service?

Providers does not charge you commissions, it puts in contact people who need a personal credit with lenders. There are no hidden fees or membership fees.

Can I get a loan without interest?

Some of the companies that lend on the platform offer 0% interest on your first loan.

How long does it take to approve a loan?

Once you complete and submit your request, you will receive a response in less than a minute you will be redirected to the website of said lender.

If you accept all the terms and conditions of the lender, then you can sign the contract. Once your application has been approved, and you have accepted the terms of the lender, the loan money will be transferred to your bank account.

How long does it take to deposit the money?

How long does it take to deposit the money?

When a request is approved by a lender, you receive the money from your loan during the next business day.

Consolidation Loan What is it? Consolidation of Debt Explanation

What is consolidation loan?

What is consolidation loan?

A consolidation loan is the replacement of several loans with one stable installment. Thanks to it, it is possible to regain financial stability, improve the liquidity of the household budget, as well as its easier control. In addition, it brings lower costs. It is a loan, thanks to which we will be able to pay off previous obligations, such as the repayment of a car loan, traditional loans or debt that appeared on the credit card.

Why consolidation loan is important?

Why consolidation loan is important?

It is important that the prospective applicant for the consolidation loan should settle the existing liabilities on time. If this is true, the borrower will be able to count on a higher loan amount, thanks to which we will be able to improve financial liquidity. Irrespective of the amount of the consolidation loan, this form of loan will be beneficial only if the conditions of the present obligations will be unfavorable in the light of the current market offer. Due to the fact that the interest rate changes as in a kaleidoscope, old loans can be provided with a higher percentage than the current one. With consolidation credit, the costs of lending decrease as well as the amount of the installment. We can expect the best conditions when the consolidation loan is secured by a real estate mortgage. Mortgage loans distinguish low rates of their interest rate.

Another way by which we can reduce the value of installments in the case of a consolidation loan is to extend the loan period. The repayment of all liabilities incurred will be spread over a longer period of time, which in turn will translate into smaller values ​​of individual loan installments. This difference may even amount to several hundred zlotys, but it is worth remembering that such an operation brings a higher total amount of credit. And although loan installments will be smaller and offload the budget, the borrower will have to take into account the need to repay additional interest. It is worth taking into account this option before making a decision about a consolidation loan, so that you do not regret this decision later.

In addition, it is worth taking a closer look at existing loan agreements and checking them in terms of entries referring to the commission for early repayment of a given liability. And although, at first glance, consolidation loan is a great solution for current debts, it is worth bearing in mind that not every consolidation will be a positive response to our problems. Proposals from different institutions will actually differ from each other, so it is worth considering the consolidation loan offer sensibly. An alternative might be to compare interest rates, as well as the amount of commission recorded on the cards of each institution.

Instant Credit Card Loan Quick loan

All the benefits in one loan

All the benefits in one loan

An instant credit card loan is one of the preferred types of loans for companies and financial institutions. In fact, most of the entities that apply to customers and offer them various loans condition the receipt of the actual loan on the existence of a credit card in the possession of the borrowers. Who are the financial entities that offer fast loans through credit cards? What is the reason for making the loan conditional on the existence of an active credit card? In the following lines we will discuss the relationship between credit card activity and the ability to raise loans.

Companies and financial institutions that provide loans to credit card holders

In the not so distant past, competition in the lending market was poor. This is despite the fact that the average Israeli takes loans continuously and most of the time includes his monthly expenses and loan repayments from the past. In recent years, however,  has been active in increasing competition in the lending and mortgage market. As of today, an immediate credit card loan can be obtained from the credit companies themselves, from insurance companies and pension funds, and from designated financial entities whose purpose is the granting of loans and credit. The banks also provide loans, and in fact are the dominant players in the field. However, their relative share in this market has been declining steadily for several years.

Instant credit card loan and the importance of card

As noted above, most of the lending entities stipulate receipt of an immediate loan with the lender’s credit card. In fact, it is almost impossible to take loans in the nonbank market in the absence of such a card. The reason for this is twofold: First, it is very easy to find out the financial details of someone who has an active credit card. His credit history is exposed, and in fact it is possible to know quickly whether it is a trusted borrower or a person who has difficulty repaying his debts. The second reason for the demand is the fact that it is easier to charge a credit card, and it is difficult to extricate itself from such a commitment easily. A credit card is tied to a bank account, and canceling the card does not stop the commitment.

If you are interested in obtaining an immediate credit card loan from a reputable company with years of experience in the lending market, this is the right place for you. You should contact us now and our representatives will get back to you soon. They will review the application and help you find the loan that best suits your needs, under the conditions that are tailored to you and in a convenient payment layout.

Loan for Retirement No Bureaucracy

 

Ready to renovate the home but are not sure how to pay for the improvement of your home? You have many options, including financing for buildings and credit cards. But, if you become uncomfortable betting on your home or accumulating your credit card account, a loan for retirement can be the best option.

Consider a loan for retirement if:

  • You do not want to present your home as collateral;
  • The project is relatively small, between 200 and 3,000 reais;
  • You want a loan that you can repay in three to twelve months;
  • You want a quick, no-bureaucratic option;
  • You are self-employed or have difficulty proving income.

LOAN FOR REFORM

LOAN FOR REFORM

A retirement loan used for home improvement is like any unsecured personal loan: it is not guaranteed by your property, the interest rate varies according to our product and has fixed installments, which means you can do the financial planning according to the time of the loan.

The pay period and the amounts available on the online personal loan is lower than other types of loan, which facilitates approval and speed if approved.

What you need to know about the loan for retirement :

  • You can use the loan for any purpose, either to buy materials or pay the labor;
  • You do not need to provide supporting documentation, except for a few exceptions. The whole process of analysis takes place in a matter of minutes, through an evaluation of your registration made on ‘s website;
  •  

LOAN FOR REFORM WITHOUT BUREAUCRACY

You can get retirement loans without bureaucracy with your bank or with financiers who offer your services online such as . The big difference is that in the first case, the process bureaucracy can greatly limit your options, when you can actually get your request approved.

  • Loan for retirement with banks : you may have the requirement to present various documentation, such as proof of income, justification of the destination of the money and presentation of a good as collateral. You may still need to move to your manager to take the documentation and place the order;
  • Retirement loan with : The entire process can be done inside your home, by the computer or by your smartphone. The deadline for the money to enter the account informed is a few hours after the approval. You do not need to provide any security or proof of income.

Especially if your credit history is not perfect, the retirement loan is the best option. Our goal is to offer a personal loan that fits your needs, so you can have quick access to urgent cash, whether to pay for emergency reform or to improve your home.

MAKE YOUR SIMULATION 

Until recently, borrowing money for a new kitchen, changing the bathroom tiles or other renovations in the house meant going to the bank, visiting your manager, and hoping for the best. Today, as we have shown, you have much faster and more practical options.

Do your simulation with our calculator and see what the value of your installments will be according to the amount and term for payment. Of course, we will have an option that will suit your needs!

Immediate Payday Loans | Loans in cash of up to $ 6,000 pesos in just minutes

Who can apply for a quick payday loan ?

Any Mexican citizen between 20 and 65 years of age is a candidate to apply for a payday loan . In order for your payday loan to be approved, you only have to prove you have a regular income, have a cell phone number and email address, a account number and complete your payday loan application.

How can you get my payday loan?

How can you get my payday loan?

The application process is 100% online. You must enter the page of www..com.mx, create an account and username, completing a simple application form and checking your identity. Once your details are verified, your application is examined immediately and can be approved in just minutes, once you accept your payday loan the money will be available in your account in the next 24 hours.

How much and how can I pay?

Like all immediate payday loans, credits have higher interest rates than traditional bank payday loans. The rate managed is a maximum CAT of 6216.7%, however, is one of the few companies that do not require any interest or fee (0%) for the first payday loan.

Payments can be made in cash at any bank branch or Oxxo in the country, you can print your invoice from your profile on the site or from your email. You can settle your credit before its due date without any penalty.

Before applying for your credit, you can carry out a credit simulation on the site, where you can specify exactly how much you will have to pay, indicating the amount you want to borrow and payment terms.

What happens if I can not pay my payday loan within the established time frame?

What happens if I can not <a href=pay my payday loan within the established time frame?” />

In case you can not pay off your credit in the established period, you can request an extension and your payment period could be extended for a period of 7 to 30 days, paying a commission for extension.

For more information about payday loans, visit the website and compare other options , always giving you the best information for your financial decisions!

Credit Restructuring for Businesses | Professional Loan Broker, Corporate Financing

Restructuring a company’s loans can reduce its financial burden and allow it to return to an economic equilibrium. Here are some details about this refinancing solution.

The Principle of Credit Restructuring

For business executives who want to anticipate a decline in their company’s activity, credit restructuring appears as an interesting solution.

It is a device that consists of consolidating several loans into one professional credit; it gives rise to a renegotiation of the loan or loans with a view to reducing their interest rate.

This restructuring operation then makes it possible to reduce the monthly expenses of the repayment by lengthening its duration. It is in this sense that this professional refinancing system consolidates the company’s equity, cash flow and working capital.

The Role of the Broker

The Role of the Broker

The loan restructuring process takes place through the purchase of a professional credit or the repurchase of several credits that may concern real estate, equipment, etc., from the financial institutions where they were contracted.

Usually, the business owner solicits a finance intermediary or a loan buyback broker who will be in charge of negotiating with banks to obtain a favorable rate.

Thanks to its address book and its good knowledge of the financial community, this finance intermediary is able to find the best credit restructuring offer for the company.

A Solution for Refinancing Professional Debts

The role of the broker

Unlike a credit buy-back for individuals, the restructuring carried out by a company that wishes, for example, to break down its liabilities is specific.

Its manager is not obliged to redeem all loans that are related to his company. He can select the loans he wants to optimize to reduce his monthly payments and improve his result.

It should also be noted that this approach to buy back professional loans is also a solution for the refinancing of professional debts for SMEs, individual entrepreneurs, craftsmen and liberal professions who are experiencing a difficult financial situation.