My WordPress Blog Tue, 23 Apr 2019 15:07:56 +0000 en-US hourly 1 Debt Renegulation Helps Organize Finances Tue, 23 Apr 2019 15:07:56 +0000

Those who are in debt and believe that the best solution is to wait for the time to pass can compromise financial health for long years. Debt renegotiation helps to organize finances and make dreams come closer.

One of the worst consequences is the restriction of access to credit and the inclusion of the name in credit protection agencies such as Serasa and SPC. The dirty name decreases the credit score and makes it difficult to release loans, financings and credit.

If you are in debt and do not know what to do, do not be discouraged: there is a debt solution. Check out the tips make renegotiating the debts even without money.

1) Forget the myths

Certainly, you must have already come across the term “expire” debt or debt prescription. The fact that the debt “expires” or prescribes does not mean that the debt is forgotten or erased (as if it would not exist anymore), but that the consumer, if not charged within five years, can not receive a charge .

So, forget the myth: the debt still exists, but it can no longer be charged to justice. And, despite having the name taken from the credit protection registry, banks and financial institutions have access to overdue debts by consulting their name. It is better, then, to renegotiate your debts as soon as possible.

2) Face the problem

2) Face the problem

Debt is a sign of a headache, is not it? Facing financial problems is the only way to manage your finances and financial health.

No matter the size of your debt and the resources you have today, just an effort to find a solution . Before any attitude, contact the lender to find out where your debt is standing.

It is important that you update and find a way out to repay the debt. Ask:

  • how interest is collected;
  • days have passed since maturity;
  • what are the options for debt renegotiation;
  • on discounts, after all, every company prefers to receive some amount to not receive any.

3) Assess your situation

Now that you know how much you owe, it’s time to evaluate your financial situation:

  • Is the balance negative ?
  • How much do you earn and usually spend per month?
  • What accounts do you pay monthly?
  • Do you have loans or financing in progress?

The financial check-up is indispensable for you to define how much you can direct per month to the debt settlement. Do not count only on the memory: write it down in a notebook or in the free Spending worksheet of Bom Pra Crédito .

Take the time to identify the habits that may be preventing you from paying bills on time and renegotiating debts, such as installments, overdrafts , credit card revolving credit, among others.

4) Cut Costs

What are the expenses you can reduce or even cut to renegotiate debts ? There are often enough adjustments in financial habits for you to pay outstanding debts.

For example, the custom of using the credit card, splitting most of the purchases and then not being able to pay the full amount of the invoice, or using the overdraft as a vicious circle, which is when the money falls into the account, covers the balance negative, and you reuse the limit.

And the situation gets even worse when spending that goes beyond your budget is unnecessary. Also assess whether you are paying for services you do not use and how to save more on your basic accounts (light and water).

The reduction of energy use is not only good for the pocket, but also for the environment.

5) Look for extra income

What do you do that can make extra money at the end of the month? Any skill you have can help increase your income and make your life easier in the organization of personal finances.

You can also detach from some clothes, objects and furniture and sell to friends or advertise in an e-commerce.

But beware: do not just count on the extra income to renegotiate debts , because you run the risk of not having enough money to pay the settlement on time if you do not get the necessary amount in the month.

Ideally, you should enjoy the “extra” money to add to your monthly budget or store the money for possible emergencies.

6) Exchange your debt

If you have one or more outstanding debts, you can seek a personal loan with lower interest and with installments that fit in your pocket to pay off your debts.

With the money in hand, you are more likely to get discounts on the debt renegotiation agreement. Another advantage is that you do not need to justify the reason for the personal loan application .

In addition to reducing the cost of debt, since you exchange multiple expensive debts for a single cheaper one, arranging finances becomes an easy task as you go on to be committed to paying only one debt in the month.

Do not waste more time: compare loans online and choose the credit that most suits your profile.

7) Pay bills on time

Organizing finances is simpler than it sounds: you just have to keep track of expenses and pay bills on time. If you are thinking of applying for a loan to pay off debts or are tightening the budget to pay your agreement, meeting the payments on the agreed date is paramount for not having to pay interest and unbalance the finances.

Choose a date close to paying your salary or you usually have a more positive balance if you are an entrepreneur .

To keep track of wages, create alerts on your mobile calendar. You can also schedule payments at the bank so you do not risk passing the date. Thus, it is easier to earn high interest rates .

8) Avoid new debts

8) Avoid new debts

It is no use to renegotiate a debt and not have money to pay new debts and enter a vicious circle, ie continue with outstanding bills.

At least while you are paying for an agreement or a personal loan, try to keep spending and avoid further debt. Avoid, mainly, new installments.

For a new purchase, if you do not have enough cash on hand to buy cash, consider saving an amount per month until you get the required balance.

At first it may seem a little complicated and even a super challenge, but you will quickly notice that keeping your finances balanced is the best way out for more peace of mind.

9) Make an emergency reservation

Have you ever stopped to think that if you had money set aside for emergencies , would the bills be up to date? The emergency reserve can help you avoid a default.

If you do not have the habit of saving some of your money, start doing this as soon as possible. That’s where the extra money comes in.

If you feel you can not save money from your salary, look for other sources to make this reserve so important to your financial health.

To make it easier, create a goal and gradually set aside money until you reach it. Ideally, you make a reservation of at least six times the amount of your monthly income, which would be the cost to keep up in a six month period. Be firm!

10) Read about Personal Finance

10) Read about Personal Finance

Staying inside the tips for organizing personal finances and how to grow financially can help change the way you approach financial problems and transform your life.

Here at Bom Pra Crédito you find special content that clarifies the main questions about personal finance and help you make the best decision.

Take advantage to read our complete guide on personal loan , to understand once and for all how this mode of credit works.

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6 Steps for Debt Relief and Prosperity Sat, 23 Feb 2019 15:37:00 +0000

Did you know that eight out of ten Brazilians owe their credit card, according to a survey released in March 2018 by the National Confederation of Trade in Goods, Services and Tourism (CNC)?

In the same month, the Credit Protection Service (SPC Brazil) reported that the number of people denied reached the mark of 60 billion in the country.

In difficult times for your pocket, do not be discouraged and check out six steps that Bom Pra Crédito prepared for you to take out your debts, get back to prosperity and not be part of that statistic, even with the crisis!

Step 1: Understand your relationship with money

Step 1: Understand your relationship with money

What is your financial profile when it comes to spending money? Understanding your relationship with financial resources is one of the steps to having more money and prosperity.

If you are always in debt, it is because you still have difficulty facing reality.

Have you ever wondered if your lifestyle is the most appropriate for your pocket? Is Suffering to Save Money at the End of the Month Unhealthy for Your Financial Health and Well-Being ? These are some of the questions to understand your relationship with money.

Before taking the next steps to organize financial life , you should seek to be aware that you are in a financial crisis and also be willing to acknowledge the problems related to how you handle your money.

But it does not end there. It is no use merely recognizing that you are facing a financial crisis.

We must face all the obstacles that hamper its financial growth and make difficult the realization of dreams.

Step 2: Make a budget

Personal financial planning is key to overcoming the financial crisis, debt relief and prosperity.

Those who have no habit of controlling their spending are more likely to get into debt quickly. This is because without control of accounts, it becomes more difficult to understand whether consumer habits agree or not.

To keep your personal finances under control , write down your income (salary, extra income) and your expenses (fixed and variable expenses) on an uncomplicated expense sheet or in a notebook.

Personal budgeting helps to identify excessive spending as well as expenditure that seems to be underestimated but which, in the long run, accounts for a good part of your money.

These expenses are often part of the routine and therefore can go unnoticed, such as the morning coffee outside the house every day.

At least in a phase of financial crisis, try to reduce expenses to the maximum or even cut , such as service subscriptions (TV, internet, mobile phone plan, among others).

Step 3: Negotiate your debts

Step 3: Negotiate your debts

To get out of the crisis, once you recognize your spending habits and begin to control your spending, this step is considered one of the most important. It’s time to negotiate your debts!

If you are thinking of giving up paying one or more debts because you believe you do not have enough money to negotiate debts and settle outstanding debts , know that, yes, you can get out of debt with little money .

Remember: Paying debts is investing in you, a smart choice for anyone looking for prosperity.

Evaluate how much can be directed per month for negotiation payment. When negotiating with the lender, consider the payment deadlines available because you will need to organize yourself very well for some time.

One option is to apply for a personal loan to pay off debts at one go. Besides the possibility of getting good cash discounts, it is an alternative for those who are looking to organize the finances with practicality, since you will need to pay only the loan taken.

Step 4: Escape impulse purchases

Your consumption habits need to change, so you get back to prosperity. Control impulse purchases to avoid getting new debt.

To make it easier, create daily and monthly spending goals. Before you spend spending the available balance on the bank account – it’s not worth considering the overdraft limit – frequently ask yourself if the product or service you are thinking about consuming is even necessary. And even if you decide to consume, look for alternatives that make it cheaper.

Most of the time, impulse buying happens by momentary desire, by emotion, and is made without reason interfering.

Worst of all is that later regret can cause even more emotional imbalance and spending can get out of control quickly.

If you are experiencing an overzealous situation to overcome problems and feel better, it is recommended that you seek help from a specialist as soon as possible in order to avoid further financial frustration.

Step 5: Start creating a reserve for emergencies

Step 5: Start creating a reserve for emergencies

Have you ever thought that if you had money saved you might not be facing a financial crisis ?

Before even thinking about investments to achieve your dreams, create an emergency reserve so you do not run the risk of getting into debt in the future.

The financial reserve is a way for you to have more peace of mind when you need more money.

Beware of this situation: avoid high interest overdraft and credit card , which lead the ranking of the highest interest in the market.

The ideal is that your total financial reserve is 6x the value of your income. Suppose your income is $ 3,000 per month. In this case, the amount required is $ 18,000.00 for you to have more peace of mind in situations such as loss of employment or unforeseen health expenses.

To make it easier to achieve a financial reserve goal, you can start with a low amount and increase over time.

But remember that if you need money, you would prefer a personal loan to other loans.

Step 6: Plan the steps to achieve your goals and have prosperity

What have you done to turn your dreams into reality ? The financial planning is essential for the achievement of goals.

If you have not stopped to think about your financial goals and what you need to do to reach them, start now.

Create short, medium and long term goals. And, to achieve your dreams faster, keep reading personal finance tips here at Good Credit.

Needing money to pay off debts? Simulate loan and find installments that fit in your pocket!



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Consumers are growing more often with loans Sat, 26 Jan 2019 06:45:59 +0000

Consumers can nowadays find it harder to get to a house and therefore opt for a renovation of their own home more often. This renovation must be financed. You can do this with savings, but also with the money you receive when you take out a loan. More and more consumers choose to finance a renovation by means of a loan.

12% increase

In the first three months of 2018, the number of renovation applications increased by 12 percent compared to the same period in 2017. An average loan is about 15,000 euros. In 2017, this average loan amount was slightly higher, at 16.364 euros.

Especially single people use a renovation loan. Over 46% of applications are made by single people. 26% of applications come from cohabiting, the remaining percentage comes from households with children. They borrow less money for a renovation.

The cheapest way?

Or borrowing for a renovation is the most advantageous way, there are opinions about dividing. Of course you pay an interest rate on this loan, so you end up spending more money than the entire renovation cost. The cheapest way is to use savings, but if this does not work then a loan application offers the solution.

Do you have a loan?

Do you already have a loan right now? Then chances are that our credit specialists can help you reduce the rent and / or shorten your term. This saves you on your loan and you lose less in total for your renovation. Pleasantly arranged!


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