Credit Cards

credit loan

Credit cards are a card that you can use if you want to buy things on credit. These days, traders will still have to see that everything is OK and that we need to ensure proper identification from the person who has the credit card.

After all, everyone wants the trade to be done as safely as possible in order to use credit cards wherever you are.
There are several different credit cards that are linked to different bonuses, fees, benefits, etc.

Credit card history 

Credit card history 

In the past, you only used checks when there was talk of withdrawing money or if you wanted to pay something. This has almost entirely been replaced with cash or credit cards. There have been different types of cards that can be used to pay with, debit cards, debit cards, credit cards etc.

Credit cards were an invention of Frank, who had one day eaten at a restaurant and forgot to bring cash. Then he created the company Diners Club, which was that you would not have money on it, but it would be enough with a credit card. And the rest is history.

Pay with credit 

credit loan

Credit cards work so that you come and pay for them with credit cards, and by the end of the month, usually get a bill that says specifically what you bought and what you pay.

However, the seller does not have to wait a month for credit card companies to pay money almost directly to the seller.

There are several different credit cards, the most common ones being probably Mastercard, American Express, Visa, Diners, American Express etc.

In order to apply for a credit card

credit score

Most cases must be over 18 and have a relatively stable financial history. Getting a credit card is mainly based on the same basis as borrowing money, which the lender must be sure the borrower can pay on the loan.


Borrow with collateral – Info

Borrowing with security means borrowing money against something of value that you own or are about to buy. It is the lender who has the security, so to speak, which means that you are the provider of the security (the collateral) and the lender lends money with the knowledge that they can get the money back by taking the security instead if you cannot pay. When you are going to borrow with security, there are a number of different things you can use as collateral such as a house or other dwelling, a car, boat or motorbike or possibly something else as long as it has a relatively large and definite value.

One of the biggest advantages of borrowing with collateral is that the interest rate is relatively low. Exactly how low the interest rate you get depends on what you have for collateral, but if you, for example, want to borrow something of great value as a house, you have really good interest rates. The fact that you get such a good interest rate when you borrow with security is simply because the bank or lender feels a certain sense of security in knowing that it would be relatively easy to get back the money loaned out in case something unexpected happens and you cannot repay the loan that you should.

Mortgage / Housing loan

Mortgage / Housing loan

When you own a home or are about to buy one, you can take a mortgage with the home as collateral. Mortgages (also called home loans or home loans etc) are the best type of loan with collateral as it is often a fairly safe investment for the lender and the interest rate then becomes low. It is very difficult to find a loan with a better interest rate than a mortgage. You cannot borrow on the entire value of your house, normally you can borrow up to about 85% or similar. This is called the bottom loan and the rest of the loan is top loan, which is a bit more expensive. Here during the article we have listed the major lenders in the country who deal with mortgage loans and you can find their list rates there.
Read more about mortgages and all this means here.

Car loans (also boat loans and motorcycle loans)

Car loans (also boat loans and motorcycle loans)

A car loan is basically the same as a home loan though here is instead your car, or the car you are about to buy, your security. How high your interest rate will be varies, but it is usually relatively low. When you borrow a car, you can often lend about 80% of the car’s value. The fact that you cannot borrow more than that is because the car often decreases in value very quickly and for the lender to be sure that they can get their money you can only borrow on parts of the total value. It works much the same for other types of vehicles.


All about finance – Fast Credit Loan

personal loan

Finance and the economy are not always easy to understand because the terms used that can sometimes be heard can quickly give headache. But it is quite possible to understand this world of the economy and financing provided you do it right by starting by learning a blog specialized in credit.


Master the economy


Some blog themed in finance and credit will therefore allow you to better understand this sector of activity which is sometimes misunderstood but the main thing is to understand from the outset the most complex terms like the exchange rate or the rate of interest, for example, or what inflation really is.

This type of website makes it possible to easily and quickly understand an economic term in a few lines and detailed in a simple way so that the expression is understood by all and by all. It is therefore a question here of understanding the various technical terms existing related to finance before going further in one’s own knowledge, a bit like a site like Wikipedia for example.


Learn and understand


You still have to pay attention to the readings you can do on the web and it is always better (even more in the economy) to check a source of information on several websites because it will be harmful to learn on the Internet and in the end to have information of bad qualities.

Let’s continue in the learning of finance and the economy, another solution is to register on a specialized forum like blogs, and to exchange with people who have knowledge in the world of finance. but before learning about the forums and not to bother the active members, it is better to understand the most basic terms as well as the most frequently asked questions.


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How to Calculate the Payroll Loan

payroll loan

Although the payroll loan is intended for registered employees, retirees and pensioners of the INSS, there are some particularities of these profiles: differentiation of rates, term for payment and amount released into the account.

Even with these differences, it is important to understand how to calculate the payroll loan that will be released.

It is known that the maximum amount of the installment should correspond to 30% of the value of the salary, INSS benefit or retirement. And we’ll teach you how to calculate the payday loan here. Check it out next.


Calculating the Payroll Loan

Calculating the Payroll Loan

To get a preview of the installment amount, take the balance credited to the account and multiply by 0.3. Here’s an example calculation:

  • With a net salary of $ 1,000.00 (without discount), multiply by 0.3.
  • Net Salary R $ 1000
  • Plot Limit X 0.3
  • Total R $ 300,00

Well, the maximum amount of the installment you have already achieved, now, identify the maximum term of the payroll that you will do.

The Good for Credit will take as an example Caixa Econômica Federal, with a 60-month term for retirees and pensioners. Find out how it will look:

  • Maximum value of plot: R $ 300,00
  • Payment term: X 60
  • Total: R $ 18,000.00

This is still not the value of your loan, but rather a notion of how much you will pay for it with a portion of $ 300.00 within 60 months.


Always remember

personal loan

Remembering that, this value is without the incidence of interest, which usually adds even more the final value. Now, the amount will be divided by 1.7, as in the example below:

  • Amount to be paid: R $ 18,000 = R $ 10,000
  • Rates: 7

It was clear? Now, you already know that you can get an approximate loan of $ 10,000.00 if you win an average of $ 1,000.00.


Beware of overdraft on account. It belongs to the most expensive loans

Are you using overdraft on account? Banks sometimes offer it as an advantageous reserve. However, the permitted overdraft is not a real reserve and is not at all profitable (for the bank only). It is an ordinary loan from a bank and even one of the most expensive on the market. You better avoid him.

Why is overdraft disadvantageous?

Authorized overdraft is essentially a borrowed financial reserve for which the bank has to be paid. Banks give it to almost everyone. All you have to do is to send a payout from your employer to your account, and it is even enough for many banks to have credit turnovers from your own account.

You can also find an authorized overdraft on an account under an authorized account overdraft or overdraft facility. However, we are still talking about the same and that is overdraft.

But I’m going back to the initial question. So why is overdraft disadvantageous? Here are a few reasons:

  • Very easy to get to . Banks play people with feelings and offer them an offer that is a pity not to use. I can turn them off logic and healthy common sense and always find someone. Fortunately, the number of people who use their own reserves instead of an overdraft account is still growing… at least when I look around.
  • It’s hard to get rid of him . Borrowing and spending is a matter of short time. Some people just need one day to do this. It is much harder to return the money back to the bank. In practice, I meet people who sometimes take years. Why is that so? I explain this by saying that the bank never wants to return all the money at the same time, so they repay and repay them and never pay back.
  • You pay huge interest . This is higher than interest on mortgages and consumer loans. All that is equal to the high interest on credit cards and that is very high. You can see an overview of interest below.

What interest do you pay on the overdraft allowed?

It’s not about finding the cheapest bank. It is ideal not to use overfilling at all . That is why I did not keep an overview of all the banks, but only those with whom you can meet most often.

Interest on the overdraft is high and high in all banks. Here is an overview of some of them. These are interest on overdrafts on conventional current accounts. It looks like this:

  • Untra bank 18.90% pa
  • SUNIE 18.90% pa
  • CCLC 19.90% pa
  • NBOB 19.50% pa
  • Trima bank 19.90% pa
  • Latel Bank 19.50% pa

How much do you lose when using overdraft?

How much do you lose when using overdraft?

I’m not going to write much about it. Look at the numbers and they speak clear words.

Borrowed money over permitted overdraft works mainly for the bank. The fact that it really pays off for the bank can be seen again in the previous picture.

If you use your own reserve instead, so eg. at € 1,000 per year you can save € 189 . It is the sum that can theoretically pay you cheaper PZP and flat insurance. In that case, the money would work for you and that is the better case.

Finally, tips


  • Do not use permitted overfilling . Permitted overdraft works for the bank and earns it fairly well. You’re the one who subsidizes the bank.
  • Use your own financial reserve . Your savings work for you. A good financial reserve will cover your expenses for 3 months (and more). How to evaluate it is a different article.
  • Reject bids from the bank for permitted overdraft. It’s like offering a drug you stay addicted to, and now you know that it is mainly the dealer who benefits you, and you’re in the position of a victim who doesn’t even realize it over time.
  • If you already have overdraft, you can cancel it. If you use it actively, return your money as soon as possible. However, you must pay the bank not only interest, but also principal and pay more than the bank requires. The sooner you get rid of it, the sooner you will be able to build a real reserve that will work for you.