2017: Decide in this difficult time and say goodbye to debts

Surely you will agree with me that debts are one of the worst nightmares that exist in life because if within your purposes of this new year is to say goodbye to debt this is a great article for you.

2017 is beginning with a great expectation of being a difficult time in economic matters, however, we must resort to our inner strength because surely you have clear evidence that you have always come out ahead.

They say that in times of crisis, efficient people seek solutions and surely you are one of them.

The road that leads to tranquility, personal and family well-being is called: Do not have uncontrollable debts.

And yes, you read well, uncontrollable debts, because having planned and well-measured debts can be part of a healthy life, financially.

The problem comes when the debts are uncontrollable and far from diminishing them, they become larger every day as if they had a life of their own. And I refer specifically to bank credit cards, that if for some reason you miss the day of payment they charge you interest on interest, in such a way that it makes an uncontrolled snowball effect that can crush you without mercy.

Say goodbye to debts is a decision that is in your power, and you will ask, how do I do it? Here I will give you a couple of tips that can help you find the option that best suits your lifestyle and interests.

1. To get rid of loans you must know exactly the amount you require as available income to consolidate those loans www.sixorgansofadmittance.com/financial-planning-channel-approach-5-easy-steps-to-financial-freedom and the exact payment dates.

2. Although it seems strange, I have met people who do not know exactly the amount of their total debt and this is not uncommon, because as it is a dynamic figure, you have to be very attentive to your account in order to be aware of these amounts and the way they move.

3. If you know this exactly, you can then take action to solve this debt.

4. Know the interest you are paying on the credit card. This point seems apparently simple but there is a trick that nobody mentions and that is that every time you have a delay in your credit card interest will become the unpaid balance, then over time, you will be paying interest on the interest you left to duty.

5. So, if we do clear accounts one would be the interest charged by the credit card but if the amount you stopped paying (which are interest) we add a second time the interest then in general terms the interest rate increases.

6. Become aware of your financial status and decide. A decision can change your life, so I recommend you take a moment of peace to analyze your finances and know if there is something that is preventing you from making the decision to end your debts.

7. Analyze the options that can be your “accelerator factor”. For example, Credifiel, in addition to having special agreements with your government institution, can offer you the best credit option quickly and safely.

8. It supports you with very comfortable payment schemes so you can settle the entire credit card without neglecting the most important: the liquidity you need on a daily basis.

Decide today to have the necessary capital with very comfortable deadlines so that you can save the payment of so many excessive interests.

Is it worth to take out auto insurance linked to a car loan?

When looking for financing to buy a new or second-hand vehicle is very likely that we come across car title loans in dallas tx / TexasTitleLoan.net ヾ(๑⃙⃘´ꇴ`๑⃙⃘)ノ that offers us a lower interest rate. In some cases, contracting that insurance through the bank can be paid for, but in others, it will be more convenient to hire it through an insurance company and look for a cheaper car loan.

It is not mandatory to take out the insurance offered by the bank

The first thing that we must bear in mind before hiring any insurance linked to a car loan is that in no case are we obliged to contract the insurance offered by the lender entity. However, doing so through the same entity can mean an improvement in the terms of the car loan (lower interest rate or elimination of some commissions).

Therefore, before hiring the auto insurance offered by the bank, it is advisable to look for cheaper insurance and car loans with a lower interest rate. The Cofidis New Automobile Project Credit, for example, is a very good option, since it has an interest rate of 6.86% APR and does not include commissions or the obligation to take out a payment protection insurance linked to the car loan.

The cost of auto insurance is not always included in the TAE of the car loan

Another aspect that we must bear in mind is that the cost of auto insurance does not have to be included in the APR of the credit to finance the car. In the annual equivalent rate of the loans, only the cost of insurance that guarantees payment in case of death, disability or unemployment (that is, life insurance or payment protection) must be reflected. Therefore, we must read the fine print of the car loan to find out if the cost of the auto insurance offered by the bank is included in your APR or not.

If the cost of the insurance is not included in the annual equivalent rate, we must calculate if we pay for it to hire it or look for other cheaper car loans httP://Texastitleloan.net/Getting-Started-With-Title-Loans-In-Texas/. For example, if we want to finance the new car with a credit of € 15,000 at 5 years at 6.5% APR with an insurance that costs us € 400 a year, it will be more expensive than financing it with the Cofidis New Car Project Credit ( that has an interest of 6.86% APR) and contracting with another company an auto insurance that costs us € 300 a year. In the first case, we would pay € 4,609.54 by adding the cost of interest on the car loan and insurance, while with the Cofidis New Car Project Credit we would pay € 4,172.86, € 436.68 less.

Expenses that we must take into account before asking for a car credit

The cost of financing the car and the insurance will not be the only one that we will have to face when we acquire a new vehicle. These are the expenses associated with the purchase of a car:

  • The cost of the car loan: interest, commissions, linked products, notary expenses, etc.
  • The price of compulsory auto insurance.
  • The registration tax and the circulation tax
  • Other expenses: gasoline, maintenance, repairs, parking, etc.