How to reduce your debts without stress?

Reducing your debt can be extremely stressful, but you should not worry too much about it. In order not to worry about their refund, put them on “autopilot” if that seems possible to you. By no longer borrowing, you will reduce the amount you owe. In addition, if you use the right strategy, you will consider as a win any additional contribution that will lower your debt. Above all, this will increase confidence in your personal finances.


The first step.

The first step.

First and foremost, you need to make automatic payments for all your loans. To do this, you will use your credit card or online management site to make automatic payments each month on the due date. Thus, your accounts will pay even if you forget them.

You will then see how long it will take you to repay your loan by making only the minimum payments. If you find it long, do not worry! You are only at the first stage of the process.


How to save a “surplus” of money?

How to save a "surplus" of money?

Your second step is to find extra money that will allow you to make additional payments. How can you do it? First, find ways to reduce expenses. You could simply decide to take your coffee at home each morning instead of taking it to the restaurant. In addition, you will save a lot by buying generic brands instead of famous brands in stores. Every time you cut costs, you save the money that will be used to make one more monthly payment on your debts. These small actions will help you reduce the time required to pay your debts.


Plan emergencies

Plan emergencies

You are gradually moving towards a life without debt, but what happens if an unexpected financial situation occurs? Yes, this kind of problem happens to almost everyone at some point. Even if we can not protect ourselves completely from these unforeseen events, we can prepare ourselves by taking certain measures. For example, you can plan an emergency fund that will help you meet this extra expense when it occurs. You can also apply for a personal loan online that will help you cover additional costs until you get your next salary.

The personal loan online is advantageous because it allows you to borrow the money you need only unlike banks that require a high minimum amount. Unlike the credit card, the online loan does not give you the opportunity to make repeat purchases. So you can control your debts much more easily.


Keep your goal.

Keep your goal.

Your strategies to save some extra money will allow you to open a savings account that will be used to pay for excess purchases or emergencies. Just as you reduce debt by small gestures, every small amount of money saved will find it useful to open a savings account.

How to increase your credit score by 100 points?

You will find it almost impossible to restore your bad credit score to an acceptable level. However, you will have to work hard if you want to get auto loans, credit cards or mortgages.

Fortunately, increasing your credit score is easier and shorter than you think.

Here are some steps you can take today that could help you increase your credit score by 100 points or more in less than a year.


Do these 100 points really matter?


A gain of 100 points means a lot of things. For example, with a score of 580, your credit rating is at the boundary between “poor” and “very poor.” If you increase your score to 680, then you will have a “good” credit score. Then, 40 more points will be enough for you to obtain an “excellent” credit score with a score of 720. Everyone does not display the same score, but if you increase it by 100 points, you will get loans much more easily.


How to start?


First, start by checking your score and your credit report. TransUnion and Equifax, Canada’s leading credit bureaus, can help. You can request these checks by mail or online (allow for some fees). This will allow you to know your credit score, and you will be able to see if loans already repaid or credit cards, which you no longer use, always appear on your credit report.


Use your credit

Use your credit

Your credit score depends, in part, on the use of credit. You must therefore use credit cards to increase your score. It may seem contradictory, but it is not! You will use your cards and the company will report this activity to the credit bureaus. You will increase your score. To do this, you will need to accumulate smaller purchases and repay them as soon as possible. You will raise it without exposing yourself to more debt.

If you do not have credit cards, ask for a secured card. This card requires a deposit. Once this is done, you use it as a regular card to increase your credit score with small purchases that you pay immediately.


Pay your bills

 Pay your bills

Of course, paying off your debts is the most difficult step in increasing your credit score. Concentrate on one account at a time, while making minimum payments on your other bills. If you start with the account with the lowest balance, you will pay off this debt very quickly.

How to borrow money while going through this credit score strategy? Remember that you want to use your credit card only for purchases that you can pay back quickly. Instead of borrowing larger amounts with the card, consider a personal loan online. These loans do not require a complete credit check. So you can get them without having an excellent credit score.

If you follow these tips, you can add 100 points to your credit rating in a year or two.

SMS Loan

If someone needs a loan quickly and easily, it may be annoying for him to send a $ 1 fee that some SMS loans require. Fortunately, there are non-bank companies that are in favor of clients in this respect, so it is not possible to get an SMS loan without CZK 1.

Fast SMS Loans  100 – 50,000 CZK 61 days to 80 months. REQUEST With the Kada-adlaw loan you can get up to CZK 50,000 for 61 days to 80 months . The loan applicant registers, confirms the email, and enters personal information. Once the application is approved, the money is sent to the account immediately.


Speed ​​is crucial

quick loan

One-crown sending serves for small non-bank loans to verify the applicant’s bank account and has nothing to do with fraudulent companies trying to pull money out of desperate people. In any case, it is a somewhat annoying action. Among other things, because sending a verification fee will extend the loan application for additional time while waiting for the receipt of a payment confirmation. And with small instant loans, speed is crucial.

Which SMS loan companies do they provide?

Which SMS loan companies do they provide?

Although small-credit non-bank companies are those who require registration, there will be a sufficient number of those who can easily do without it. In addition to the non-bank loan starter in the field of pre-pay non-bank loans, it is, for example, Loan. The Credit loan is also not required for sending a registration fee of 1 CZK. For a Ten-credit loan, a verification payment is required, but its amount is more than symbolic – only 1 cent.

An overview of small loans that can do without a 1 crown mission:

  1. Una Loan

    • First loan up to CZK 8,000, maturity up to 30 days
    • Repeated loan up to CZK 20,000, maturity up to 40 days
    • Without proof of income
    • It is not necessary to send a fee of 1 CZK
    • First free loan
    • For Czech citizens from 18 to 75 years
    • Approval within 30 minutes of submission
    • Debtor registers are reviewed
  2. Utangkon

    • First loan up to CZK 9,000, maturity up to 1 month
    • Repeated loan up to CZK 35,000, maturity unlimited
    • Without proof of income
    • The registry is being scanned
    • It is not necessary to send 1 CZK
    • For Czech citizens from 21 to 75 years
    • Approval within 10 minutes of sending the request
    • Money on account or money order
  3. Credit Loan

    • Loan 1000 to 4000 CZK, maturity 7 to 70 days
    • Repeated loan up to 8000 CZK
    • No need to send 1 Kč
    • Without proof of income
    • Registers are being scanned
    • For small entrepreneurs (self-employed)
    • Early repayment free of charge


Loans without income even without registry

Loans without income even without registry

Loans via SMS are typical for their speed and availability. Because only limited amounts are borrowed in this area (typically up to $ 5000 or $ 100 for the first application), creditors are willing to lend to people who have low or poorly documented earnings (for example, they have a portion of travel allowance income) . Also, those who are in one of the debtors’ registers have a good chance of getting an SMS loan. And of course, this also applies to SMS loans at no charge of CZK 1.

Banks have 1,500 empty flats in Mataró, according to the PAH

The banks based in Mataró maintain about 1,500 empty and closed apartments, many of them from evictions, which refuse to take to the market to help alleviate the situation that, according to social entities such as the Platform of Affected for the Mortgage (PAH) is already unsustainable. The municipality, for its part, admits that the negotiations with the banks do not produce positive results regarding the cession of homes, but instead the municipal services emphasize that they manage to paralyze all the evictions that come to them.

“As far as we know, there are 79 people sleeping on the street and about 150 forced to sleep in the cars” reveals Sebastià Tenés, spokesperson for the Platform for People Affected by Mortgages (PAC), an active section of the Federació de Associations de Veïns de Mataró (FAVM) which, in parallel to the municipal action, negotiates directly with the banking entities “extensions and exemptions for those affected by eviction” that, on occasion, such as that of the family of the blind threatened by the BBVA, ends with the bank paralyzing the judicial process.

The councilor of Habitatge of the City Council of Mataró, Montserrat Rodríguez, admits that so far, the banks, “although initially seemed receptive to our proposals” to give away empty flats that would be destined for social rent, have not given any. “They fear that if they give in to a city like Mataró, then all the others will come,” the counselor explains. In other cases, he says, “prefer to manage social rent from their own foundations.” Even so, Rodríguez points out that “apart from the pressure that is exerted by the city council, we also negotiate from the Agència Catalana de l’Habitatge”.

“The city council does not negotiate well”

"The city council does not negotiate well"

From the PAH think that “the city has not negotiated well with banking entities.” Proof of this, Tenés points out that other populations of similar size “like Sant Boi or Figueres have managed to transfer flats from the banks”. The key for the neighborhood organization is that “intermediaries should not negotiate” and they are convinced that the solutions could be discarded “if the mayor in person carries out the direct management with the highest instances of the banks and savings banks”. They maintain that, if from the PAH we can achieve progress, “the municipality would have better”.

In Mataró there are hundreds of homeless people, explains Sebastià Tenés, who “could pay a social rent around 400 euros” depending on each case. If the city council supported an exemption from the IBI or other fiscal measures that favored the owners, according to the PAH, the negotiation could change “whenever the mayor leads the movement”. An entity that also “should reorganize” because the administration and entities operate in parallel and, in many cases “the files cross” a confusion that financial entities take advantage of to “avoid their commitments”.

In the Town Hall of Mataró, although they admit the failure in the negotiations with the banks so that these five floors to be destined to social rents, they are very proud of the results obtained from the Xarxa de Benestar Social for the evictions. Montserrat Rodríguez explains that “once we demand a single interlocutor for each banking entity” to eliminate the excess of bureaucratization that financial institutions print in each process “and the fact that the city council is negotiating a case of eviction with the bank, it has it was a decisive advance “. The consistory informs that “not only advise the affected but that the consistory is maintained throughout the process accompanying the affected, until the conclusion of the file.”

Accompaniment in the negotiation

Accompaniment in the negotiation

Proof of the efficiency in the negotiations to avoid the evictions from the municipal services, as they point out, is that “since the month of March we have attended 110 cases of evictions and all have been without effect”. Montserrat Rodríguez points out that, in 50% of the cases, the refinancing of the debt has been negotiated, without losing the home. In others, with the dation in payment, the outstanding debt has been canceled in its totality and in smaller number, after the dation in payment a social rent has been incorporated. “But none of the 110 affected have had to leave their house” emphasizes the counselor.

In parallel, the town hall has made arrangements with the judicial establishment. Thus, Montserrat Rodríguez, praises the predisposition of the judge dean of Mataró, since with her it has been obtained that from the same courts that process the foreclosures, at the moment of delivering the notifications, also “the affected ones are informed about the centers of municipal advice to those who can go “.

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Economic growth

The International Monetary Fund (IMF) warns in its latest report on Spain of the risks associated with high corporate and household debt, as well as the high concentration of mortgage loans.

Along with this, he insists on the need to control the strong external deficit and expects a “soft landing” of the economy as of this year, although he advances that “some clouds persist due to accumulated imbalances” that could put at risk the moderation expected in the slowdown process.
For the years 2007 and 2008, the body led by Rodrigo Rato expects a deceleration in growth, up to 3.5%, accompanied by an increase in the trade deficit, which will go from assuming 9.5% of GDP this year to about 10% next.
In reference to the financial environment, the IMF states that “the main risks are still associated with the rapid increase in credit and the high concentration of loans in the housing market”.

However, he indicates, “the comparisons made by some analysts between the sub-prime market of the United States and the housing market in Spain are not well founded”, since “a comparable phenomenon is not occurring” in the Spanish economy.
Despite these uncertainties, the agency believes that “the Spanish economy has been doing well and that its short-term prospects remain bright.” “It is important that the achievements reached so far do not lead to complacency, fueled by the expectation of a benign continuation of past trends,” he adds.
The agency refers to a rebalancing of the Spanish economy and notes the slowdown in consumption and the mortgage market due to the rise in interest rates, while strong corporate profitability stimulates investment in capital goods.

Competitiveness and pensions

Competitiveness and pensions

The strong Spanish trade deficit only exceeded in the EU by the United Kingdom, reflects the loss of competitiveness of the economy and is accompanied by a strong debt not only of households but also of companies.
“The continued loss of competitiveness in Spain and the rigidity of its domestic market do not augur that deficiency are quickly absorbed through a rapid change of resources in the direction of the export sector,” he says.
In addition, he calls for “greater ambition” in pension reform and stresses the importance of maintaining budget stability in the future. The Law of Dependency, he says, requires “careful attention”, since it carries the risk of additional pressures related to costs.
“The recent bonanza in income will probably not last, which shows the importance of spending restrictions applied during ‘good times’,” the report said, which also calls for an “exemplary” application of the Budget Stability Law.
On the reforms, he asks that “the political calendar does not act as an obstacle” when addressing some legislative changes, including some of a structural nature or related to the pension system.
Despite the criticism, the IMF describes as “remarkable” the economic performance of Spain during the last year and values the rate of job creation, the recovery of productivity, the gradual moderation of inflation and the increase in the surplus to 1.8% of GDP.