Month: August 2019

Moms, Try Increases Credit Card Limit

by admin

Using a credit card is a great way to make payments for various needs. With a credit card, someone can make payments easier (airplanes and online shopping), get reward points and big discounts. Then, what if the credit card limit is still mini, even less for monthly needs? Like it or not, you have to increase your credit card limit.

What can be done to increase credit card limits? Look carefully - 10 tips that can be applied the following.

 

Consider Time to Increase Limit

Consider Time to Increase Limit

In general, the increase in time limit that can be received by the bank is one year. The bank will certainly see your loyalty as a customer. If you are diligent in using a credit card and orderly in making payments (on time and on the right amount), the bank will consider increasing credit card limits. What's more, if you have enough savings and deposits in the bank.

Therefore, customers need to continue to use the credit card to see whether it will rise or not after 1 year. Some banks have different policies, such as minimum spending in one year, administrative fees, bonuses or shopping discounts at merchants who have collaborated and so on.

 

Choose a Big Bank that Has a Credit Card Main Business

Choose a Big Bank that Has a Credit Card Main Business

Choosing a large bank and having a clear structure is a very powerful tip to ensure optimal credit card accommodation. Indications that can explain the size of a bank are branch offices, ATM machines that are spread out, the number of customers, and operational areas on an international scale.

 

Use Optimal Credit Card Limit

The maximum credit card limit used will help customers to increase the limit. This is due to the profits obtained by the bank if the customer uses the maximum amount of the limt. Therefore, using a credit card with a minimum of more than 60% of the limit each month will give customers more opportunities to be able to increase the limit value. This is very logical because if the customer does not spend the credit card limit every month, then the increase in limit is considered not necessary.

Make sure you use a credit card in the right way, for example to get a discount when shopping monthly, making it easier to pay for electricity, telephone, internet, newspapers with auto debit.

 

Make Request Increase Limit by Phone

Use Optimal Credit Card Limit

Request for limit increase can be made by telephone. If a customer makes the request, the bank will assess the seriousness of the customer's needs. Therefore, something like this can be used as an additional reference for the bank.

 

Pay Full Payment or Minimum Payment Bill

Full payment payment will explain the customer's ability to cover credit card needs. Even some large banks will automatically increase the credit card limit if customers make a full payment regularly and orderly.

 

Avoid Late Payments

Pay Full Payment or Minimum Payment Bill

Late payments will cause the bank to doubt the ability of a customer to make a payment. Therefore, if the customer wants the bank to increase credit card limit sustainably (continue), it is appropriate to avoid any form of negligence, including the late payment.

 

Using Alternative Other Credit Cards

Using a type of credit card will certainly be the same as increasing the limit. Therefore, by applying a new credit card with a previous credit card capital, it will keep the needs met with an increased limit value. If the first bank gives a limit in a nominal money, then the next bank tends to give a higher limit as a certain form of competition. Therefore, this method needs to be done as one of the steps that can be taken.

 

Make Shopping Routine

Using Alternative Other Credit Cards

Shop regularly. Thus, the flow of purchases with credit cards that will be recorded can be done optimally. If the customer is active in a flow of purchases, this condition can be a reinforcement if the customer wants to increase the credit card limit value.

 

Request Increase Limit Through Sales

Of course credit card sales also need certain targets. Thus, proposing a limit increase through sales will benefit all parties, both customers and sales.

 

Make Request Increase Limit via Email

Request Increase Limit Through Sales

In general, e-mail will be longer than the telephone. However, email can be attached with some supporting evidence regarding payments and purchases made by customers. Therefore, the document will be one of the bank's considerations to increase the customer's limit value.

 

If the Bank Has Raised Your Credit Card Limit, then the Sign:

Congratulations if, your credit card limit has been raised by the bank. That's a sign that the bank gives more trust to you. Do not let you waste or disappoint bank trust. The track record of credit card payments, in a way, will help you in your next credit application.

Borrowing Tips

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borrow money tips

They are very fond of the KATA form of taxation, but it is not as easy to borrow with it as with an employee. Banks have very different views on how much they rely on the creditworthiness of sole proprietors.

 

It is considered to be less secure revenue

It is considered to be less secure revenue

For borrowing, small businesses paying a monthly fee of $ 50,000 will need to be presented with a certificate from the NAV rather than an income certificate from their employer. The problem is that this certificate only accounts for up to 60 percent of the invoiced revenue. It is worth exploring the possibilities.

This income, on which NAV issues paper, is decisive in determining the amount the credit institution considers to be a loan amount. The bank's decision is based on maximizing the repayment installment based on our monthly legal and ongoing earnings. And the repayment amount will be even stricter for home loans than last year .

So, if someone shows a net income of 400,000 forints as an employee, he or she can claim much more than someone who bills for $ 400,000 as an entrepreneur - no matter how much revenue he or she shows up.

 

One bank that way, the other bank so

One bank that way, the other bank so

There are three ways in which financial institutions handle this NAV-verifiable income, which is 60 percent (or almost half) of the account value.

  1. The (annual) amount in the NAV income statement is divided by 12 and is treated as net income.
  2. The amount in the NAV certificate is still deducted from the tax return KATA tax (HUF 25, 50 or 75 thousand per month) and then divided by 12.
  3. After deducting the KATA tax, the amount is reduced according to a formula determined by the bank.

Of course, the best thing to do for a loan applicant is how much you can get if you go to a company that doesn't charge tax or additional formulas. Therefore, it is advisable to carefully examine the offers of financial institutions and, if necessary, not apply for a loan from our account-keeping bank.

The 3 reasons that make free investment credit the ideal to meet your goals

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Among consumer loans, one of the most popular is free investment. But what makes it so special and why should we consider it above another credit or card when seeking financing? There are three reasons that explain it.

 

They don't have many requirements

credit problem

You will not need to submit many documents when applying for these types of credits. Basically, it is necessary to have a certain credit history and demonstrate that you can pay the fees, that is, that you have a source of income. Something interesting and that makes them even easier is that depending on the amount you request, a co-debtor is not necessary.

 

Offer fixed fees and large terms

Offer fixed fees and large terms

You can finance it in up to 60 installments, depending on the amount you are requesting. The financial institution will check its borrowing capacity, that is, how much money it could pay, and that will determine the amount of installments and the term. By having a fixed rate, from the first moment of the credit you will know how much you will pay in total.

 

The purpose is determined by the client

credit problem

It is not necessary to present documents or justify what the money will invest in. The client is free to use it to finance a vacation, pay for a course or simply face an unexpected expense that came out of the budget. The important thing is to understand that it must be requested if it is really needed, and not just "to have more cash."

But is it more convenient than using the credit card? Interest rates are usually lower, so you will pay less interest for the credit than for using your plastic. In addition, some banks even offer you a preferential rate if you have a payroll account or if you purchase life or unemployment insurance. In this case it will be necessary to check the cost of the insurance, to see if there really is a saving.

What do banks evaluate before giving you a loan?

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All banks offer different types of credit tailored to those who are looking for money loans , but not all people can access this financial benefit.

Banking institutions usually evaluate personal loan candidates to find out how much money they can borrow and if they are candidates for these services.

Know what banks evaluate to give personal loans :

Your credit history

Your credit history

It is good to consider the importance of good payment behavior if you want to apply for a loan.

Banks take credit history into account when giving you a loan, so it is important that you have a record of financial activities. This can let the bank know if you are a timely customer with payments, etc.

That you do not have overdue debts

That you do not have overdue debts

It is not a problem for a financial institution to lend you money if you have other credits with other banks.

The important thing is that you do not have delays in paying your monthly installments and that you can Herne the Huntertar the expenses that a new debt would entail.

Know what banks evaluate to give personal loans :

Have Good Finance to pay

Have Good Finance to pay

You cannot ask for a 7-figure loan if your income does not allow you to pay a debt of this nature . Banks will always evaluate the payment capacity you have, for this they will take into account your monthly income (which you should check through receipts, etc.), versus the expenses you have each month.

These are three factors that banks consider to know if they can give you a loan or not. Together with the above they will also consider your age, as well as your credit score.

If you have not decided on a loan yet, you have time to think about it! Read our post: What you should consider before deciding on your next loan .