Louisiana payday loans online -Can you get a payday loan online up to $1000

It is both easy and fast to take a loan on the Internet. We want to help you find the right loan for your particular loan needs. We have included in our table comparisons between a number of the most engaged lenders and their respective loan options. With the information from this comparison as a basis, it is easier for you to decide with whom to borrow money to get the best terms. In our information, you also get answers to the most common questions when it comes to borrowing money online, for example How big a loan can I get? What is the interest rate and the effective interest rate on such a loan? How long can I repay the loan? How much should I pay per month? How long does it take to apply for the loan until I get the money?

You can also take advantage of the comparisons between different loans available. This is a standalone company that in its offering has gathered the majority of banks and lenders. Lending companies can, therefore, help you find the right loan for your particular purpose.

Can you get a payday loan online up to $1000

Here, as https://www.paydayloanhelpers.com/ notes is some information on how you can get a payday loan online. It’s easy and you can quickly get notified on a loan application. You can also submit an application to lend money to more than one lender at a time to then be notified of which lender is giving you the most favorable terms for a loan. You do not need to have any formal collateral for the loan, such as leaving a mortgage or getting a guarantor. Among other things, this is stated in the terms of the respective lenders to allow you to borrow money. Under these conditions, you will also be informed about, for example, the current loan interest rate and the so-called effective interest rate, the lower and upper limits of a loan amount, repayment period, the size of the repayment, and more. It is also clear what requirements the loan institution places on your income and what credit check the bank makes for you to borrow money.

You decide for yourself what to borrow money for. For example, it may be necessary to finance a purchase of a home or car or perhaps to settle other and more expensive small loans. Regardless of the purpose of the loan, it is important that you find the best possible loan for your part and that you make a realistic cost calculation. This is to make sure that you are able to repay the loan without creating any problems for you. To ensure that everything goes right if, for example, you want to borrow money to buy a car, or a motorcycle, you should consult with experts in the subject.

Once you have decided which loan institution to borrow money from

Once you have decided which lender to turn to, you can either start by applying for a loan pledge or directly apply for a loan. You decide for yourself what to spend the money for. For example, you can borrow money to solve expensive small loans or to buy a home, car or boat. As you said, you decide what you want to borrow money for. Of the lenders with whom we work, you can borrow money without offering formal collateral such as providing something as collateral or obtaining a creditor. A prerequisite for this is that you have a fixed income and have no payment notes. However, if it is a home purchase, you can borrow money despite payment remarks from some lenders by providing the home as collateral for the loan.

A few tips like this at the end

First, take note of the terms of the various credit institutions in the comparison tables. Make a cost estimate and then submit an application to borrow money to the two, three lenders that you think have the best terms. You have thus obtained a good basis for deciding which loan to choose.

Tips for Choosing the Most Profitable Multi-Purpose Credit

Multi-purpose loans can be submitted for various debtor needs, where loans can be used for various types of needs. The important thing is that you are able to pay installments on time, so that the collateral is not confiscated.

The greater the collateral value that is used as collateral, the greater the number of loans that you can get.

Generally, creditors will provide loans of 80% to 90% of the estimated value of the collateral assets.

Multi-purpose loans are often considered negative when compared to KTA because of the existence of valuable assets that must be used as collateral for loans.

But what are the strengths and weaknesses of KMG? See the discussion below:

 

Advantages of Multi-Purpose Credit (KMG)

Advantages of Multi-Purpose Credit (KMG)

It is true that there are many types of loans in circulation and many people choose KTA because they do not need assets as collateral or collateral.

However, in fact there are several advantages of multi-use loans that cannot be equated with KTA, including the following:

 

  • High Loan Limit

One of the big advantages of multi-use loans is the high loan limit . How come? One of the reasons banks provide large limits is because of the guarantee of assets as a loan condition. Thus, the risk of the bank losing money when the customer experiences default is smaller than the KTA.

 

  • Longer Tenor

A number of banks provide a fairly long tenor for multi-use loans, even up to 10 years or more. The aim is to anticipate the ability of customers to repay loans in very large amounts, given that the number of multi-purpose credit loans is generally greater than other types of loans.

 

  • More Flexible Use

As the name implies, multipurpose credit can be used for various purposes. Unlike KTA which is usually used for consumptive purposes, multi-purpose loans can be used for several purposes, for example for business capital. The bank will provide a loan regardless of the purpose of the loan, provided that there is a guarantee required.

 

Weaknesses of Multi-Purpose Loans (KMG)

credit problem

After seeing the various advantages, of course you become interested in applying for multi-use loans.

However, first know some of the following multi-use credit weaknesses that you can consider before taking them:

 

  • Don’t Have a Guarantee, Can’t Borrow

Because collateral or collateral is one of the requirements for multi-purpose credit, if you do not have valuable assets to be guaranteed as a loan, then you cannot apply for multi-purpose loans. One alternative solution is to take other types of credit that do not require collateral, for example Personal Loan (KTA).

 

  • Failed Pay, Floating Assets

This is one of the main problems of multi-use loans. You are at risk of losing your valuable assets if you fail to pay. By applying for a multi-purpose loan, we recommend that you plan well the purpose of using the loan and the details of the return every month to avoid losing your valuable assets.

 

  • Submission process is longer than KTA

The bank will need more time to assess whether the assets submitted are in accordance with the value given. For example, if you provide a guarantee that is not in accordance with the amount of your loan, then the bank will ask for additional assets to cover the nonconformity. Therefore, the multi-purpose Credit submission process will be longer than KTA.

 

Taking Multi-purpose Loans without Regret

credit problem

The choice of loan products can have a big influence on your financial planning.

Therefore, use some of the tips above so you can take multi-purpose loans without any regrets later.

Remember that credit is a commitment with a long enough period, can be 1 year, 2 years, even up to 10 years. So you have to choose KMG products that are right and in accordance with your ability to avoid difficulties later.

Do not let the intention to borrow money for good causes you to lose valuable assets!

Don’t Immediately Be Tempted, Understand Credit Card Cash Fund Well

Today, many banks offer credit card cash products. But actually what is a credit card cash?

Is it the same as KTA?

Before you are tempted, let’s understand carefully about credit card cash:

 

What are Credit Card Cash Funds?

What are Credit Card Cash Funds?

Even though this feature has been rife, there are still many who don’t understand what credit card cash is.

Therefore, Allan Wend will discuss it clearly in this article. Credit card cash is a loan in cash using the remaining credit card limit. This facility allows credit card holders to take cash from the remaining credit card limit they have. The refund is then made in the form of a fixed installment printed on the credit card bill every month for a certain period of time.

Generally the bank will offer this facility to passive credit card users, to make a profit. Thus you need to be careful in making decisions. Don’t end up in debt that has piled up! Well, many people equate cash credit cards with Personal Loans (KTA).

Actually are they similar products? Let’s look at the discussion about the following KTA and its comparison with credit card cash!

 

What is Unsecured Credit?

Unsecured Credit

Unsecured loans (KTA) or often referred to as unsecured loans are loan products from banks that do not require debtors to guarantee an asset. KTA is usually used for customers who are in need of fast funds. Different from some other types of credit, you can use a KTA loan for any need.

KTA is generally used for consumer needs that require fast funds, including:

  1. House renovation
  2. Treatment
  3. Business capital, etc.

 

Some of the advantages of KTA products when compared to other credit products are:

  1. The submission process is fast and easy, and does not require a guarantee
  2. The document is a small submission requirement
  3. The amount of payment can be repaid in accordance with the agreement with the bank
  4. The payment process is quite easy
  5. Can be used for any purpose
  6. Easily found in certain banks or financial institutions
  7. Fixed interest rates during the credit contract period

 

Besides its many interesting advantages, KTA also has several disadvantages, including:

  1. Limited loan limit
  2. The tenor of a short loan depends on the amount of the loan
  3. You must have a professional status with income every month
  4. Generally, you will be asked to open an account at a related bank
  5. Interest rates are quite high because there is no guarantee
  6. There is a penalty fee if you pay off the loan before maturity

 

How the Credit Card Cash Works works

How the Credit Card Cash Works works

So, that’s about how credit card cash works. Similar to other loan product submission procedures, with the following differences:

  • Submission of credit card cash can be done directly at the bank, but it is generally done via telephone when there are offers from telemarketing. Therefore, credit card cash is often also called loan on phone .
  • The tenor can be negotiated with the bank, as long as it still follows the provisions of the bank concerned.
  • Installments are directly charged to credit card bills.
  • The interest rates tend to be small compared to KTA and credit card cash withdrawals.
  • Interest rates can be flat or effective, depending on the provisions of the bank concerned.
  • There are costs of accelerated repayment fines and other fees that commonly appear on loan products.

 

Comparison of Credit Card and KTA Cash Funds

Comparison of Credit Card and KTA Cash Funds

Because of its ease and fast process, many people equate credit card and KTA cash. In the community’s view, both are in the form of loans for those who need funds quickly and urgently.

Now, after getting to know the two briefly above, now let’s look at the differences and compare credit card and KTA cash funds.

Characteristics Credit Card Cash Fund Unsecured Credit (KTA)
Average interest rate 0.5 – 0.8% per month 0.9 – 1.2% per month
Amount of funds lent The calculation is obtained from an average of 6% to 90% of available credit card limits Depending on income per month (usually seeing a debt ratio not exceeding 30%), generally the value is around 3 million to 150 million rupiah
Tenor period 1 – 1.5 years 13 years old
Fines or accelerated repayment expenses Sanctions, around 5% of the remaining principal debt plus the remaining interest from cash. Expenses, amounting to 5-6% of the remaining principal loan debt plus current interest.
Length of process until disbursement of funds 3-7 working days 7-14 working days
Requirements Photocopy of identification such as identity card (KTP) and related bank account. Salary slips, photocopies of credit cards, and photocopies of bank accounts within the last three months.
Submission procedure

Through offers from telemarketing banks or going to banks.

* Generally if you go to a bank, interest tends to be higher.

Go directly to the bank in question
Additional costs

Administration fees are generally 1%

Administration fees are generally 2%
The process of taking funds

Funds are transferred directly to the customer’s account

Funds are taken directly by the customer
Payment process

Installments of credit card cash funds will be charged in the form of fees on credit card bills every month

KTA payments are adjusted to the number of installments per month

* Note: The information above can change at any time

 

Should you choose Credit Card Cash or KTA Funds?

Should you choose Credit Card Cash or KTA Funds?

Now you know some easy and practical fast loan products. But don’t be careless about making decisions without careful consideration. Remember that debt is still a pretty heavy commitment. You need to know your financial ability to pay it off before deciding to apply for a loan.

The 6 things you should consider when comparing KTA and credit card cash are as follows:

  1. Adjust to the loan ceiling requirements
  2. Adjust to the needs of the loan period
  3. Look for the smallest loan interest
  4. If you need fast funds, look for the fastest disbursement process
  5. Look for products with easy and simple loan terms
  6. Look for the cheapest product at the other cost

Do you have questions about other credit card cash? Leave your comment below . If you have questions, please submit your question in the column below. Our Financial Planner is ready to help you, thank you.

Credit Simulation You Need to Know

Before you plan a credit proposal, you should understand the credit simulation calculation. Why bother? Because in reality, the calculation of credit interest is not as simple as you might think. Let’s learn with credit simulations you need to know.

 

Credit Simulation

Through the explanation of the three types of loan interest rates, of course you can already predict that the method of calculating debt interest rates will affect the amount of installments and total debt payments. To compare the three, let’s look at a case example and simulate the credit as follows:

 

Flat Flowers

Flat Flowers

Case in point: Mr. Audie applied for a KTA of $120 million with a credit period of 12 months, with a flat interest of 10%, then how much installments should you pay every month?

Then it is known:

  • Total loan principal = $120,000,000
  • Tenor = 12 months
  • Flat interest = 10% per year

If calculated manually:

  • Principal installments = $ 120,000,000: 12 months = $ 10,000,000 / month
  • Interest = ($120,000,000 x 10%): 12 months = $1,000,000
  • Installments per month = $. 10 000,000 + $1,000,000 = $11,000,000

Conclusion: So, using a flat interest calculation ,   installments that you have to pay until the loan is paid off is $ 11,000,000 per month. This installment value will remain until the end of the period because the interest charged is the type of flat interest.

 

Effective Interest

Effective Interest

Case in point: Mr. Audie applied for a KPA loan of $120 million with a credit period of 12 months, and was charged a loan interest of 10% per year effectively. What are the installments per month that must be paid by Mr. Audie?

Then it is known:

  • Total loan principal = $120,000,000
  • Tenor = 12 months
  • Effective interest = 10% per year

If calculated manually:

  • Principal installments = $ 120,000,000: 12 months = $ 10,000,000 / month
  • 1st month interest: (($120,000,000 – ((1-1) x $.10,000,000)) x 10%: 12 = $1,000,000
    So, the 1st month installments = $ 10,000,000 + $ 1,000,000 = $ 11,000,000
  • 2nd month interest: (($120,000,000 – ((2-1) x $.10,000,000)) x 10%: 12 = $916,667
    So, the second month installments = $ 10,000,000 + $. 916,667 = $. 9,916,667
  • 3rd month interest: (($120,000,000 – ((3-1) x $.10,000,000)) x 10%: 12 = $833,333
    So, the 3rd month installments = $ 10,000,000 + $ 833,333 = $ 10,833,333
  • ……
  • 12th month interest: (($ 120,000,000 – ((12-1) x $ 10,000,000) x 10%: 12 = $ 83,333
    Then, the 12th month installments = $.10,000,000 + $83,333 = $10,083,333

Conclusion: So, there will be a reduction in the total installment value from the first month, the second month, and so on because the application of effective interest results in the interest getting smaller due to the reduction in the remaining principal debt.

 

Annuity Interest

Annuity Interest

Case in point: Mr. Audie applied for a mortgage loan of $ 120 million with a credit period of 12 months, and bears a loan interest of 10% per annum on an annuity basis. What is the installment per month that must be paid by Mr. Audie?

Then it is known:

  • Total loan principal = $120,000,000
  • Tenor = 12 months
  • Annuity interest = 10% per year

 

Conclusion: So, what needs to be focused on the installment calculation using annuity interest is the loan principal used this month to leave the remaining savings principal to calculate interest in the following month. Through calculations, it can be seen that even though the interest rates are the same as the effective interest, by calculating different annuity rates, the results will be different.

 

Calculations with the Ursula Brangwen Application:

credit calculator

You can facilitate the calculation by using the Ursula Brangwen calculator to calculate the loan installments according to the interest used. And the results obtained are like this:

You only need to enter the known data on the calculator, then press count, then the results will appear as below:

For the other two types of interest you only need to repeat the process by changing the loan type column to the effective interest or annuity interest.

 

Recognize and take into account first before making a decision

credit simulation

Through the simulation above, of course you can already see the difference in the amount of installments that occur due to the different types of interest rates used even though the loan amount, tenor, and the amount of interest used are the same. Therefore, recognize and calculate carefully before you determine a credit according to your ability or not. Do not let your decision to apply for credit actually leads to a financial disaster that results in a big loss for you.

Direct lenders payday loans -Direct payday loans online: Find a cash loan

The constant fluctuations in foreign currencies and the “frank” case made Croatians turn to a different type of loans and loans.

City loans have become more popular, financial experts say. The stability of the City puts many people in trust, so they prefer to opt for domestic currency through an Internet loan. The share of cash non-performing loans and loans in City has risen by almost four percent compared to last year.

Citizens have recently come out of financial difficulties in lending money without a domestic currency deal. Extremely popular internet loans are easy to reach and fast. This type of loan is turned mostly by younger generations that are in the service of the Internet and have no fear of online banking as they sometimes know they have people in more affluent years.

Direct payday loans online:¬†Find a cash loan solution that’s right for you

The Internet loan, just as its name suggests, is arranged through the “wire”. This type of loan is more inherent to credit and other financial institutions, while banks have only recently opened their doors. All applications can be made over the internet, which will shorten the processing time. And this is what people today most appreciate because no one has time to stand in long lines and collect paperwork.

Just fill out an online application for direct payday loans and submit a personal ID card, and your current account card and the loan will be squeezed out. If the amount exceeds HRK 3000, you should also provide the bank statement and the payment or pension list.

Likewise, applicants for an Internet loan should have an open current account that shows that the client has regular salaries or pensions. Account must not be blocked or protected, ie it must be apparent that the client settles his debts neatly.

All the Advantages and Disadvantages of Internet Loans

money

The main advantage of Internet Loan is the speed of approval. The request is processed on the same day it is handed over and the payment is made on the same or the next day. The whole process of getting a loan can be solved from the comfort of your home without leaving the office.

An Internet loan is available to a wide range of citizens. It may also be requested by persons registered in debtors’ registers. No warranties or other forms of insurance are required for approval. The repayment period is generally 15 to 30 days, which means that the client can repay the loan from the next salary or pension. Loans up to 3000 City can be obtained without a credit check. If the amount exceeds HRK 3000, it is necessary to provide the bank statement and the payroll, ie the pension sheet.

There is no room for heavy paperwork as in loan applications. This also means that you do not need an employer’s approval, as well as a notary’s certification. This is especially important if the employer has a policy of not revealing financial status to his employees.

A bad or less attractive side of the internet loan is the amount of limitation. But for some clients, it does not pose a particular problem. Namely, banks and other credit and financial institutions are most likely to issue an Internet loan of up to 6,000 Citys. For some, the problem is a short repayment term, but that is what makes it attractive to other clients because they know that debt can be solved with the next pay.

Likewise, the Internet loan can not compete for minors, and the potential beneficiary should have permanent salaries or pensions. Settlements should be regularly settled.

What is the real cost of a personal payday loan?

A project in mind, but not the means to finance it? A bank account in bad shape? The personal payday loan can meet your most diverse needs! But like all credit, it has a certain cost. And it is essential to properly evaluate the latter before signing any contract, and therefore to commit. Specialized in consumer credit between individuals, Creditstair tells you what you need to determine the cost of a personal payday loan.

How does a personal payday loan work?

How does a personal loan work?

A personal payday loan is a type of consumer credit. His particuliarity ? It offers some flexibility to the borrower. The latter can actually use the amount lent at leisure, without having to provide proof of purchase to the bank or the credit institution. The money can be used to cover the purchase of goods (furniture, appliances …) or services (improvement work, travel, marriage, etc.). It may also allow the borrower to face a difficult financial situation, for example following unforeseen expenses (vehicle repair, health costs …).

The cost of a personal payday loan can vary greatly depending on the funding agencies. This is why, at first, the borrower has every interest in putting different institutions in competition. In a second time, it is advisable to peel each offer well and to compare them.

How to estimate the cost of a personal payday loan?

How to estimate the cost of a personal loan?

When receiving a loan offer, the borrower should pay attention to the APR, or annual percentage rate of charge.

Please note: the APR, a mandatory mention
In accordance with the Lagarde Act of 2010, relating to the reform of consumer credit, all credit institutions are required to include the APRC on their offers, regardless of whether it is a bank or a bank. an institution specializing in consumer credit.

The APR is expressed as a percentage of the amount borrowed. It is this famous rate that defines the total cost of the loan. Why ? Simply because it includes all the costs incurred by the subscription of a credit. For the borrower, it is thus an excellent element of comparison.

In the APR, we find:

  • the application fees (opening and processing);
  • the nominal interest rate (or bank interest or debit interest rate);
  • the cost of borrower insurance (this insurance is optional and can be purchased from a bank or third-party financing organization);
  • warranty fees;
  • other fees charged for obtaining the credit (opening and account maintenance fees, use of a means of payment, costs in the event of intervention by a third party for the granting of the loan, in particular ).

To summarize, the APR represents the actual rate charged by the lending institutions, unlike the lending rate, which is in fact only the base rate. We must make a difference.

Cost of a personal payday loan: pay attention to ancillary costs

Cost of a personal loan: pay attention to ancillary costs

To the TAEG may be added costs referred to as annexes. In banking jargon, they are called penalties. These intervene only in the course of credit. In the end, they potentially increase the cost of the personal payday loan. We distinguish :

  • penalties for late payment;
  • prepayment penalties.

Again, the amount differs according to the credit agencies. The borrower can refer to the contract to become acquainted. In order to avoid late payment penalties, it is better to choose the repayment period that best suits your financial situation. Because this duration will directly define the amount of monthly payments. The shorter it will be, the more the monthly payments will be important, and vice versa.

Good to know: prepayment penalties are not systematic!
Some lenders do not apply penalties for early repayment. This is the case of Creditstair! At home, the borrower can make a refund for free, regardless of the amount borrowed! Thus, if his financial situation evolves (winning games, donation, inheritance …), he can pay off his consumer credit with confidence.

Estimate the cost of your personal payday loan in a few clicks

Estimate the cost of your personal loan in a few clicks

Nowadays, there is no need to make clever calculations or run the different credit agencies to gauge the cost of a personal payday loan. In general, each bank or credit institution offers a simulator on its website. This allows the borrower to know almost instantly the amount he will have to pay for his credit. To save even more time, the borrower can also use an online comparator.

personal payday loan offer: what are the mandatory details?

Personal loan offer: what are the mandatory details?

Before signing a contract, the bank or credit institution is obliged to send the borrower a lot of information. These will enable him to know if the loan is adapted to his financial situation. In a personal payday loan offer, must appear (exhaustive list):

  • the identity and address of the lender;
  • the loan amount;
  • the type of credit;
  • the cost of the personal payday loan (total amount due);
  • the conditions for making the amount borrowed available;
  • the duration of the contract and the number of monthly payments, with a schedule of repayments (per month, every two months …);
  • APR (annual percentage rate of charge) and method of calculation;
  • the total cost of the costs (expressed as a specific amount);
  • the existence of a withdrawal period (the borrower has a statutory period of 14 calendar days to give up his loan after signing the contract);
  • the articles of the Consumer Code concerning the period of validity of the offer, as well as the minimum period of reflection;
  • the right of the borrower to obtain a copy of the credit agreement offer on request and free of charge.

personal payday loan: what happens if my project does not succeed?

Personal loan: what happens if my project does not succeed?

Apart from the cost of a personal payday loan, the borrower must know the future of such a loan if his project does not succeed. As we have seen, the personal payday loan is not assigned to any specific purchase. The borrower is therefore not covered by the bank or credit institution if the sale is not made or if the property has a default. As a result, the credit can not be canceled and the borrower will be required to honor his monthly payments as stipulated in the contract. This is the big difference between the personal payday loan and the assigned loan (auto loan, for example).

Creditstair revolutionizes personal payday loan codes

Creditstair revolutionizes personal loan codes

Unlike all banks and credit organizations, Creditstair returns to the origins of the traditional mutual banking model. The concept is simple: savings come from professional investors (individuals, foundations, insurers, companies, pension funds, etc.) and is granted directly to borrowers. It undergoes no transformation operation, risky for both parties.

This financing model allows the borrower to benefit from preferential rates up to € 3,000. It’s the insurance to reduce the total cost of your personal payday loan!

Creditstair is also:

A 100% digital platform
Everything is done online. From the sending of supporting documents to the signing of the contract, through file tracking. The borrower thus earns valuable time.

One type of credit
We only offer the amortisable loan at fixed APR. This rate remains stable throughout the duration of the loan. Which means that monthly payments are constant.

Clearly displayed fees
On the one hand, there is the service charge, which pays for the platform for its work, and on the other hand, the interest calculated on the basis of the APRC, which ensures the remuneration of the investors who entrust us with a part of their capital. That’s all ! No bad surprises for the borrower, so!

Flawless availability
E-mail, chat, phone, these are all ways to contact us. And this, since your prospection until the end of your credit agreement!

A safe and reliable credit institution
Creditstair is the only retail credit platform in Europe to be licensed as a credit institution. We have two accreditations in France. One emanates from the Autorité de contrôle prudentiel et de resolution (ACPR), the other from the Autorité des marchés financiers (AMF).

Unmatched reactivity
After receipt of the signed credit agreement and all the supporting documents, a definitive answer is provided within 24 hours, not one more. If this is negative, the borrower is informed immediately. He can then prospect without delay with other credit agencies.

Comparing different credit contract offers is an essential step in the borrowing process. This is the insurance for the borrower to benefit from the best rate, and therefore to review the cost of his personal payday loan down. For your consumer loan, do not hesitate to make a simulation on Creditstair. A few minutes are enough! If your application is pre-accepted, you have the option of obtaining an immediate policy response. Creditstair is simple, cheaper and without constraints!

The three key points to remember about the cost of a personal payday loan

The three key points to remember about the cost of a personal loan

  • It is the APR (annual percentage rate of charge) that defines the total amount of this consumer loan;
  • The APR includes all the costs related to the credit (administrative and guarantee fees, nominal interest rate, cost of the borrower’s insurance, and any other fees charged for the granting of the loan);
  • This rate is a key element of comparison between credit contract offers.

 

Installment of traffic tickets on credit card

Parceling of traffic tickets on credit card is released by the Government.

To reduce the default rate and the number of irregular vehicles, the National Traffic Council (CONTRAN) has recently released a resolution that allows the payment of fines on the credit card and payment on the debit card.

According to information from the Federal Government, the resolution also applies to other debts related to the vehicle, such as IPVA, and is already in effect throughout the country. Implementation depends on each agency (such as Detran and prefectures).

In the case of the city of São Paulo, the mayor João Doria (PSDB) has already published the law that authorizes payment in installments up to 12 times. The city hall of SP must launch a website, until 1/15/18, for the drivers to carry out the installment. Because it is a resolution – not a measure – transit agencies are not required to offer the service.

It is important to clarify that the installment of fines and debits without the option of credit card is already offered in several states, such as Rio de Janeiro and the Federal District, with interest added.

Credit Lender advises: Escape the companies that promise to pay the debts of your vehicle. Look directly to your state body or the city hall for clarification.

 

Suspension of the portfolio: new rules

Suspension of the portfolio: new rules

Another news released by Contran was the new rules on suspension and revocation of driver’s licenses. Beginning in November 2017, drivers who reach 20 points on the CNH (in the 12-month period, valid from November 2016) may be suspended for at least six months. Before, the minimum punishment was one month. If there is a repeat offense, the suspension increases to at least eight months, and can be as long as two years.

If the driver is caught driving with the suspension suspended, the penalty is the withdrawal of the license. The driver’s license may also be revoked in the following situations: not to be qualified in the category of the vehicle; race dispute (gusts); and dangerous maneuvers (wooden horses).

Cyclists and pedestrians to be fined 2018

Cyclists and pedestrians to be fined 2018

The National Department of Traffic (Denatran) also announced in November that regulations that allow the application of fines to pedestrians who violate traffic laws, such as signaling and crossing pedestrians. The rules will be valid at 180, therefore, in 2018.

Cyclists who ride off cycle paths or sidewalks may also be fined. The value of the pedestrian infraction will be R $ 44.19. Cyclists will have to pay up to R $ 136.16.

 

How to apply for traffic tickets?

How to apply for traffic tickets?

If you received a traffic ticket and you do not agree, you can appeal and contest the notice of infringement. Stay tuned because there is a specific time frame for each situation. Look for the service on the website of the agency that issued the notification (state or municipal) and follow the steps.

The DMV clarifies the situations in which the driver of the vehicle may use the traffic ticket:

  • Defense of the notice : must be presented when there is a divergence in the mark, color, model or license plate of the vehicle, or even time and wrong address. Deadline: 30 days.
  • Appeal of the fine to Jari : must be presented to challenge the reason for the infraction or rejection of the defense of assessment. Deadline: payment of the fine.
  • Appeal of the fine to the Cetran : must be presented when the driver wants to contest the rejection of the appeal previously sent to Jari. Deadline: 30 days.

 

How to change traffic ticket by warning?

How to change traffic ticket by warning?

Still according to the Detran, although the written warning is not considered an appeal against a traffic ticket, it is possible to convert the fine into a warning. The warning may be required for light or medium infraction, provided that the offender is not a repeat offender in the same infraction in the previous 12 months.

Detran emphasizes that the exchange of a warning fine is optional to the competent transit authority, if it understands that the measure is educational. This means that the warning will not always be granted and will depend even on the driver’s history. When granted, the warning does not generate points in the national driver’s license and the fine is not enforced.

Indication of driver: how to apply?

You were fined, but were not you the one driving? Know that the “driver indication” or “real offender” feature can be requested so that the points in the portfolio are assigned to whoever was driving at the time of the infraction. Nevertheless, the fine will continue to be linked to the registration of the vehicle and must be paid. The service is offered on the internet by most traffic regulators.

Debt Trading and Portability

Consumers who own finance can now transfer their debt from one bank to another in search of better rates. The so-called Credit Portability is guaranteed by Resolution No. 4,292 of the National Monetary Council.

Debt Trading and Portability

Debt Trading and Portability

That’s right. If you have a real estate or vehicle financing, payroll loan or personal and are interested in getting proposals from other banks, contact your financial institution by reporting this.

Under the new rule, within one business day, your bank must pass you a consolidated debt with information on the interest rate, outstanding balance, and contract number. With this information in hand, you can contact other banks for more advantageous rates searches.

 

What is debt portability?

debt

The portability of credit is the option of a debtor (individual or legal entity) to transfer their debt from one financial institution to another.

With it, the consumer has the possibility to negotiate lower interest rates. But know that the Central Bank does not oblige the financial institution to accept the transfer of debt from another, so if you have an interest in portability, you need to check with the bank you choose if it is possible to make the transfer.

 

Is it possible to make portability for any type of debt?

Portability is allowed for any type of loan. See examples of physical lines of credit that are available for portability:

  • Credit card;
  • Overdraft;
  • Vehicle financing;
  • Real estate credit;
  • Personal credit;
  • Payroll loans.

 

What are the advantages of debt swapping and portability?

What are the advantages of debt swapping and portability?

One of the main advantages is the opportunity to renegotiate the debt for a lower interest rate using the payroll loan for civil servants and INSS beneficiaries or even other credit alternatives that fit in your pocket.