All posts by Mildred Lasky

Your work loan simulate it for free just here!

The work loan for your home, simulate for free with Across Lender

The work loan for your home, simulate for free with Across Lender

Do you want to change your roof, renovate your bathroom, install new frames, build an annex, install a veranda, build a pool or just do some work in your home?

At Across Lender, we help you find the best solution thanks to our advisers.

Any owner of real estate will, at some point, want or need to undertake development or renovation work. There can be many reasons: insulating the roof, renovating the bathroom, building an annex, etc.

We offer a fixed rate for your refunds, no surprises.

Also, do not forget that if you undertake work or a renovation with the aim of insulation or saving energy, it will undoubtedly be possible for you, to obtain a premium to the region and / or a deduction tax credit.

This aid is not limited to investments in energy saving. You will find more information on the Wallonia and Wallonia energy websites.

Our work loan, also called renovation loan, will help you make your projects a reality.

Who can apply for a work loan?

Who can apply for a work loan?

You can apply for a work loan, if you:

  • Reside in Belgium or Luxembourg;
  • Are at least 18 years of age;
  • Receive regular income;
  • Not on file with the Capital Lender.

Why apply for a work loan?

Why apply for a work loan?

  • Need money quickly;
  • A loan to improve your property;
  • Freedom on the amount to borrow;
  • Choice on the monthly payment (your monthly payments also depend on the amount borrowed);
  • No bad surprise thanks to our advice.

The advantages of our Across Lender works loan

The advantages of our Across Lender works loan

  • Quick response;
  • Fixed and favorable interest rate;
  • Choice of amount and duration;
  • Identical amount to be reimbursed each month;
  • Money in your account quickly;
  • Loan without booking fees;
  • No notary fees;
  • Possibility of tax deduction.

Ready for renovation at the best rate

We work with several banks and are therefore able to provide you with the best solution.

Remember that if you undertake work or a renovation with the aim of insulating or saving energy, you will no doubt be able to obtain a premium from the Walloon region and / or obtain a tax deduction from your credit.

Both the federal government and the various regions offer bonuses and subsidies. These aids are not limited to investments in energy saving, we invite you to visit the websites: Energie Wallonie, Energie Flandre, Energie Bruxelles.

Our Across Lender advisers are at your disposal and advise you for your budget. Apply for your works credit online.

When you want to do renovations without touching your savings, the best solution is to take out a work loan. All formalities and clauses of contracts will be explained to you clearly and distinctly. We will take the time to answer all your questions and any concerns you may have. Throughout the duration of your work loan, we are at your disposal and ensure with you the proper monitoring of the work.

More info on the works loan

What is a work loan?

The “work loan” or “renovation loan” is a consumer loan that allows you to borrow money to finance work in real estate.

How to apply for a work loan?

  1. Calculate your credit via our simulator;
  2. Submit your credit application online;
  3. Across Lender will contact you as soon as possible to finalize your request;
  4. Sign the loan contract with one of our advisers;
  5. Have your money directly in your bank account or the contractor’s account;
  6. Realize your project.

How to apply for a credit?

  1. Think about the amount you want to borrow;
  2. Calculate your monthly payments using our simulator;
  3. Submit your credit application;
  4. One of our advisers will analyze with you the financial solution that meets your needs;
  5. Subscribe your renovation loan.

How much does a work loan cost?

The debit interest rate defines the cost of your work credit, but the cost also depends on the amount you borrow and the repayment term you choose for your loan.

What is the Global Annual Effective Rate?

The APR (Annual Effective Annual Rate) is a percentage which represents the total cost of your loan per year. It includes interest and all costs related to a loan. It also includes insurance premiums whose subscription has been required by the lender.

What is the difference between the borrowing rate and the APR?

The borrowing rate is the rate you will find in the loan amortization table. The debit rate is calculated on an actuarial basis and, at the time interval level, on the basis of equal months of 30.4167 days each.

Do I have to take out insurance for the works loan?

You are in no way obliged to take out insurance, but it can however be advised. Because it is wise and important to consider the worst, namely your death, we offer you outstanding balance insurance which will save your loved ones from assuming responsibility for your loan, in case of death before term of the contract.

Can I cancel a work loan?

You have the right to terminate your credit within 14 working days of signing your contract / SECCI.

What is SECCI?

SECCI is a document otherwise known as standardized European information on consumer credit.

Can I prepay my work loan?

You have the right to prepay your credit according to the terms of the contract.

What will happen if I don’t pay back on time?

After three unpaid monthly payments, you will be reported to the Capital Lender. You risk not being able to take out a loan any more because banks or credit organizations are under the obligation to obtain information from it before granting consumer credit.

You can also apply for a mortgage for your home. If your situation does not allow you to apply for a work loan, you can apply for a personal loan or installment loan.

Simulate your credit online without proof via our request forms above.

What does personal loan with payday attachment mean?

The financial institution, through which you have taken out a loan, requests attachment of wages. What does it mean?

Even if the creditor has tried to explain to you how this type of loan works, you do not yet have a precise idea on how it really works. Does that mean you are going to lose everything? Will your end-of-year bonus and your holiday allowance also go through? Will you be notified before this wage attachment? Here are some helpful tips to help you see more clearly.

Attachment of wages: what is it really?

Attachment of wages: what is it really?

With the personal loan with attachment on salary, your creditor will have to enter your allowance or your net salary. The operation is quite simple because it will be your employer or your institution which will take care of deducting a precise sum from your salary in order to be able to pay the creditor directly. To make sure everything goes according to the rules, a bailiff will give your employer the official act for attachment of wages. This entry will follow a mortgage loan payment arrears. Contrary to what you may think, the establishment does not even need your agreement before doing so if the loan has been signed with a notary.

Will the salary be deducted in full?

Will the salary be deducted in full?

This question is undoubtedly the one that most arouses your curiosity. Fortunately, the answer is no. There is, indeed, a minimum income right and it is only this income that the creditor can seize. If you have children, the minimum income threshold will be a little higher than if you don’t have any. The sum beyond this minimum income is therefore due to you every month. You should also know that every year, the legislator will adjust your minimum income based on the consumer price index. But be careful, there are still some exceptions that modify this rule on minimum income, if you have arrears in the matter for example, there will be no limit on the money to be entered monthly.

What about your end-of-year bonus and your holiday pay?

What about your end-of-year bonus and your holiday pay?

Faced with this situation, what will become of your holiday pay and your end-of-year bonuses? This amount will be part of your monthly net salary, which means that in the event of attachment of salary, these sums will also be taken into account. To explain the situation to you clearly, let’s take a simple example: if you earned $ 1,000 in January and if you made $ 100 of holiday pay for this month, your total salary is $ 1,100. If the minimum wage is $ 1,000 in the event of a wage attachment, your employer will therefore only pay you $ 100 for the month of January. However, he can only pay the creditor when the holiday pay is paid to you.

Can the employer refuse to pay the creditor’s money?

Can the employer refuse to pay the creditor

Whatever the situation, the employer does not have the right to refuse payment. As it is an illegal act, he risks legal action. In addition, faced with this situation of refusal of payment, your creditor can ask the employer to pay him the full amount of your due but don’t get me wrong, your employer will not have the right to dismiss you in the event of seizure salary. Unfortunately, once this situation arises, your private life will intrude on your workplace, so it is best to discuss the situation well with your employer.

Contact us for more information!

The wedding of your dreams with wedding credit

Organizing a wedding is not easy, especially since you have to pay the price. Despite the support of loved ones, additional help is often welcome, opt for a wedding loan. A good alternative to cover certain expenses in the preparation of your wedding.

What is a wedding credit?

What is a wedding credit?

Across Lender Belgium and Luxembourg offer many credit formulas. The wedding loan belongs to the category of personal loans, which means that the borrower does not need to specify the reasons which push him to subscribe to this loan. This is called a loan without proof, the capital of which is managed by the applicant.

A wedding loan offers many advantages. The couple can submit a request to Across Lender and do a simulation online without obligation. The demand varies according to the mode, online or in agency. In all cases, you must provide information and supporting documents regarding your personal situation. Procedures can, of course, vary from bank to bank.

The funds obtained during a wedding loan will serve you as well to finance the outfits, as the reservation of the reception room, the services of the caterer and the pastry chef, the invitations, the room decoration, the flowers. Without forgetting the photographers and videographers who will immortalize this very special day. If you manage your capital well, the funds can even be used to finance an idyllic honeymoon abroad.

Find Your Ideal Wedding Loan

In Belgium, many banks and credit organizations offer consumers several choices. You will be free to choose from the list of consumer loans or unassigned personal loans.

Note that a loan also involves interest, so a repayment over the long or medium term depending on your financial capacity. To find the formula that suits your means, use a loan simulator. It is a reliable, free and non-binding technological tool that allows you to compare several credit offers.

The choice of a credit, even for the wedding loan, is made according to the APR or annual effective annual rate. It is not useful to choose an offer with a very low rate and additional charges. Prefer a formula that offers good repayment conditions with acceptable interest.

By performing a brief calculation using a simulator, you will get the total amount of the loan. The repayment terms play an important role in choosing the ideal loan. Their flexibility is essential criteria. With these conditions, you will have a direct overview of the total amount to be reimbursed.

You can also define the amount of your monthly payments as well as the repayment period. Some banks encourage their customers to take out insurance, but this is not a compulsory procedure.

Conditions and subscription file for a marriage loan request

Conditions and subscription file for a marriage loan request

Once you have found the offer that suits you, you can prepare your loan request. It is a file which must contain your personal information as well as the methods chosen for reimbursement.

For this purpose, it will show the amount you want to borrow, the amount of your monthly payments and the duration of the payment of your loan. These data are not always easy to communicate. It is therefore advisable to make a brief introspection of your financial statement to define the total possible amount to borrow. To do this, deduct from your monthly income, your daily expenses, bills and other credit charges (mortgage car loan, etc.).

Then, estimate the budget you have left for the monthly payments of a wedding loan. Insisting on the stability of your financial situation will work in your favor.

If you meet all the necessary conditions, send your request via our online simulator or in one of our agencies. In both cases, the bank will do a thorough analysis of your file to assess your borrowing capacity before validating the request.

Once your request has been validated, you will be required to provide the following documents:

  • copy of your identity card
  • residence certificate
  • energy bills
  • pay slip
  • Bank statements.

In some cases, the bank may also request information about your co-borrower.

The best way to find the right loan formula for your financial situation is the loan simulator. It is a tool that gives you the opportunity to view all the information available on the many organizations in Belgium at one time. The overall effective annual rate depends on the loan offers.

Marriage credit is personal credit. The borrowing rate is around 5.95%. The amount borrowed will depend on all of your expenses. The borrowed amount added to the interest rate will represent the total amount owed.

Direct payday loans online -A cash advance loan direct lenders only you can afford

A cash advance loan direct lenders only you can afford

You can quickly request your cash advance loan direct lender from https://green-touch.org’. This loan is a small bridging loan that temporarily offers you some extra financial room. It is usually requested for unexpected expenses, which cannot wait until the next salary. Consider, for example, a repair of your car. Without transport, you cannot go to work or perhaps not even perform your work at all. Standing still is not an option, so the defect must be remedied as quickly as possible and the invoice must be paid immediately. You do not have time for complex credit applications, so opt for a loan. At various providers, you can place your loan request online and scan and email the necessary documents. If you meet the requirements, you will often have the requested amount in your bank account within 24 hours.

Make sure you have your information handy

To ensure that the process runs as quickly as possible, it is best to ensure that you have all your information at hand. Because a mini loan often involves modest amounts, you do not have to disclose your entire financial administration. Even a payslip is often not even necessary. What you must be able to show in any case is a valid proof of identity. You can use this to prove that you are over 18 years old. That is, after all, a requirement for taking out a loan, regardless of the amount. You must also be able to prove that the bank account number provided is correct and in your name. You can do this by transferring one cent to your lender.

No BKR assessment, but a guarantor

When taking out a mini loan, there is usually no BKR review. So even if you are registered negatively in Tiel, because you have sometimes been in arrears with another loan, this does not have to be an obstacle to applying for microcredit. But you will understand that the lender does want some kind of guarantee that the borrowed money will eventually be repaid. That is why a guarantor is requested in such cases. This is someone who can be held jointly liable for the loan amount. Can’t repay it? Then the lender will recover from your guarantor. This person must therefore also be able to identify himself and co-sign the loan agreement.

Compare different providers of mini loans

Even if you want to request a mini-loan as a matter of urgency, it is wise to compare at least a few providers. Fortunately, this can be done quickly and easily via sites that can send you various quotes with a few mouse clicks.

You indicate what kind of credit you are looking for and Harrison sends you various quotes from lenders that meet your requirements. You can then choose the loan that suits you best. After all, you know best what your situation is, what amount you need and within what period you think you can pay off. The terms and conditions are explained in clear language and you know when you can expect your money.

Take out a payday loan

When you need extra money for an expensive purchase, operation or renovation, for example, taking out a payday loan is a good solution.

In this article we would like to tell you more about a payday loan and what you should pay attention to before you take out it.

What is a payday loan?

What is a personal loan?

A payday loan is a loan for which the interest, the monthly amount and the term are fixed. You take out this loan with a lender and make agreements about the amount to be borrowed, the term to maturity, the amount that you repay per month and the interest that you pay. You take out the loan for a specific purpose. You can borrow for study , the purchase of an expensive purchase or, for example, the renovation of your house. When you take out a payday loan and your application is approved, you will receive the loan amount in one go. You then repay the loan on a monthly basis, part of which consists of repayment and part of interest.

Taking out a payday loan involves a number of conditions, such as the term in which the loan must be repaid. The term determines how long you will be paying off the loan. You make agreements about this with the lender before you take out a loan. The minimum duration is 6 months and a maximum of 120 months. The loan must be paid off by the age of 75 at the latest.

With a payday loan, the interest and the amount that you pay off each month is fixed. This gives a lot of certainty, because this way you know exactly what you spend each month repaying the loan and how long you are paying off.

The interest rates vary considerably between the different lenders. If you want to take out a payday loan, it is therefore wise to compare the interest rates of lenders with each other. Why would you take out a loan somewhere with a certain interest rate, while you have to pay less interest with another lender? You can quickly save a lot of money if you choose a loan with the lowest interest rate.

Lenders

Lenders

There are various lenders who all offer their own loan services. It depends on your personal situation which credit provider suits you best. For example, there are credit providers that specialize in car loans, flash loans, renovations and so on. The government protects consumers when it comes to credit. As a result, you can compare the different providers and they must purchase sufficient information about their services. Do you regret taking out a loan? Then you can cancel the contract within 14 days.

Why take out a payday loan?

Why take out a personal loan?

  • Purchase car, boat or caravan
  • Medical procedure
  • Education
  • Remaining debt
  • Holidays
  • Home improvement

Note the conditions

If you are not blinded to the interest rates, you should certainly take a look at the other conditions that a lender applies. Do you want to pay off earlier or redeploy the loan during your term? Then you may be faced with a fine at some providers. Do you want to prevent this? Then it is advisable to carefully read the conditions that apply during the selection process.

BKR listing?

A BKR listing can have a negative impact on taking out a payday loan. When you take out a loan, the lender is obliged to report this to the Credit Registration Office. BKR then checks whether it is justified to provide the loan, they do this through a financial assessment. We look at how you are doing financially. Based on the outcome, the lender determines whether you can take out the loan or not. Are you already in possession of a BKR listing? This can have consequences for taking out the loan. If, for example, you have a negative listing in your name due to late payment in the past, you can no longer take out a loan. If you have a positive listing, you can take out a loan, but then you have the chance that you can only borrow up to a certain amount.

Mini loans

If you want to borrow an amount between € 2,500 or € 75,000, you can take out a payday loan. But sometimes you have to deal with a situation where you need a certain amount of money quickly. We call these types of loans mini loans, or flash loans. With this type of lender you can borrow a small amount, up to 1500 euros, with a short term (maximum 2 months). This is useful if you are temporarily out of money; for example, your salary will be paid later or you will have a one-off unexpected expense that you cannot finance at that moment, but you can later.

How to Create a Healthy Relationship With Your Finances?

Personal finances are often a source of concern for most people. It is not easy to balance expenses and income every month or even to be able to save. If you are in this situation, it is time to reconnect with your finances. And then, it’s not so difficult, it’s only a question of organization!

1. Start by taking stock of your financial situation

Even if at first it seems daunting it is important to make an overall assessment of your personal finances so that you can subsequently have a healthy relationship with your finances.

Several questions to ask you:

  • Do you regularly take stock of your finances? What was the last time you did it?
  • What is the balance of your debts? The amount of your savings and / or investments?
  • Do you have long-term goals for your finances?

You must carefully establish your monthly income and expenses to know where you are. This will allow you to have a clearer view of your financial situation so that you can better organize yourself.

2. Do you organize

The organization is a key point in creating a healthy relationship with personal finances. Often the problem is not having enough resources to cover all your expenses but rather that the resources are not used properly. So, if you already know what your fixed expenses are every month, set them first. This will allow you to know what your budget is for leisure and savings, and you will avoid spending before having honored your bills.

Write down your total income and total expenses:

  • In income, you must integrate all your resources such as your salary, your rental income if you are an owner, your benefits from public or private plans (retirement, insurance …), your allowances (housing, children …), your alimony, your investment income and all your other income.
  • In the expenditure part, it is important to take everything into account. Think about the expenses related to your home (rent, bills, taxes, insurance, furniture, condominium fees, maintenance of the house), your transportation (public transport, gas, car insurance, registration, driver’s license, maintenance and repairs) , parking), food, insurance, and your loans.

The income-expenditure balance will allow you to have a clear idea of ​​your financial situation. This will help you prioritize your monthly expenses and ensure that the largest expenses are insured each month.

3. Pay off your debts and learn to prioritize

If you have debts it is important to manage them head-on. It will also allow you to sleep better at night and have a healthy relationship with your finances. Talk to your banker, who can offer you repayment plans according to your situation and your profile.

Be especially careful when repaying your lines of credit. The latter are subject to interest that can sometimes be high depending on the banks, especially when you pay late. If you have a credit card, remember to meet the repayment deadlines.

4. Save

Saving is very important. This allows you to have security in the event of a problem. Try to put a little money aside every month. This will allow you to carry out a project that is important to you or simply to have more funds in case of a hard blow, to manage the big expenses or for your retirement.

Personal finances are not so complicated. Organizing in a better way will allow you to be more efficient in the income-expenditure balance and even to carry out savings projects in the long term. This will allow you to have less worries and enjoy life even more. Having a healthy relationship with your finances is not so complicated.

How to Stop Expensive Friends Pushing You into Debt

Are friends with expensive tastes at your heart to spend more than you want? I have a girlfriend who always insists on going to expensive restaurants while she is visiting. Admittedly, she only visits once or twice a year and I have plenty of time to adjust my budget in preparation, but it is still money that I would not spend otherwise. Because I am someone who likes to spend as little money as possible, I still come to deny the costs, even though this is not always the case. For some people reading this message, the situation will be much worse. Accepting such an invitation can even be the difference between in red and in black. So how do you tackle the problem without losing friendship? Communicate, do not create a scene, be assertive and take charge of the plans!

Avoid confrontation at all costs

 

But even I realized that some assertiveness was needed after an incident in which a friend had arranged us to eat out in a fancy restaurant and then insisted that we split the bill straight in half. . Although my share was much larger than what I had ordered, I decided to suck it up on that occasion. The next day I took her apart and let her know that because I have to trust that my freelance payments come through on time (or in some cases even completely), these situations often make me very nervous about the state of my finances. Because she has a permanent job that pays well, I didn’t know exactly how she would respond. Fortunately she was surprisingly understanding and we agreed to downgrade the next time she is in town.

Your friend may not even realize that you are not happy with the situation, especially if you have fallen into routine over the years. If you have never objected to a meeting in a certain place before, he or she probably has no reason to suspect that you are not satisfied with the appointment. Give your friend a full disclosure on the subject and make it clear that you want to try some cheaper places and you will be surprised how easy it is to break the cycle.

Turn off invitations

Fortunately my problem worked well in the end, but this may not always be the case. What should you do if your friend takes offense or refuses to fall back? In this situation you may have no choice but to go back from the invitations you encounter. It is not an ideal solution, but it can sometimes be the only way to take the point home. If your friend realizes that a change of arrangement is the only way to get you away, he or she can agree to put their expensive flavors on hold while you socialize together.

Be the first to suggest what you should do

Take matters into your own hands and be the one who makes the plans. That way you can determine where you eat, which entertainment you choose and where you will do it. If your friends do it well, they may not be the best friends, because going out with friends should be about who you are and the quality time you spend together, instead of what you do or where you are “eat again.”

If you want to change the situation, communication will be crucial. At the moment, your friend probably has no idea that there is a problem, so you need to bring it to the attention. If you bring out the point tactfully and politely, there is no reason why your friendship would be damaged by the conversation. You may even notice that your friend can no longer pay the costs and has stopped because they do not want to admit it, especially if they mistakenly assume that this is not a problem for you.

By not being pampered with a few things that your friends always enjoy eating out in expensive restaurants, driving new cars or going out every weekend, your friends and family will start to think you’re weird. Which is good! Weird is good. Your “craziness” makes you rich, and probably many of your friends are broke, they just try to pretend they have money. If you master the art of not keeping up with the Joneses, you may be financially better in the future.

Going green is all frenzy now and for good reason

But if you look like me, the desire is there, but the know-how is lacking. An obvious way to protect our planet is to recycle and reuse household items. But when it comes to finding ways to reuse it, my brain seems to lack the creativity and innovation needed to come up with practical solutions.

How to Eliminate Credit Card Debt Without Paying a Fortune in Interest

Do you want to eliminate your credit card debt? Excellent! Here are 7 strategies that will allow you to get rid of your balances quickly and without paying unnecessary interest.

Target a map

Which credit card to refund first?

One of the strategies to eliminate your credit card debt is to target a single card. How to choose this card? It depends on your goal.

To stay motivated

If you want to get rid of your credit card debt, but you are afraid of discouraging yourself, first pay the card with the lowest balance . Once it has been paid in full, move on to the next. Remember to make the minimum payment on your other cards to avoid affecting your credit report and that interest becomes out of control.

To improve your credit

If you want to increase your credit score, in this case, target the card with the highest usage rate . The utilization rate is the balance of the card divided by the limit of the card. For example, if you have a card with a limit of $ 10,000 and you have a balance of $ 7,500, the rate of use of the card is 75%. This strategy works because the high usage of a credit card is viewed negatively by the credit agencies, even if you pay on time!

To pay the least interest

If you want to pay less interest, put the most money possible towards the card that has the highest interest rate . Focusing on the highest interest rate card will save you a lot in the long run. If you have a card with a balance of $ 500 and a 15% interest rate and a card with a balance of $ 5,000 and a 20% interest rate, it is better to start by paying the card back to 20% ( yes, this is counterintuitive). Of course, always make the minimum payment on the card at $ 500, but do not pay a dollar more before you have fully repaid the card at 20%.

Reduce your interest rate

If you want your interest rate to be lower, it is often possible to call your creditors to get a reduced rate. However, be aware that your chances of getting a lower rate are better if your credit is good and you have been a customer for a long time. This can be helpful because if you have been offered a lower interest rate, you can mention it at the competition to receive a better offer.

Transfer your balance

Many credit cards or lines of credit offer you to transfer your balance at a promotional rate (often 0 to 3%) that will be applied for a certain period of time (rarely more than 6 to 12 months). You can transfer your balance to save interest, but do it very carefully. When you transfer a balance, you will have at your disposal a window of opportunity for low interest rates (between 12 and 18 months). This is the window of opportunity in which you should repay your debt. Otherwise, you could end up with a much higher rate than you had before.

Some disadvantages of this option: you should avoid making purchases with your new card because low interest rates will not apply and you will probably have a balance transfer fee of 3 to 4% of your total amount transferred .

Refinance your home

If you own a house, condo, or other property and have equity available, it can be very beneficial to refinance (remortgage). To find out how much equity you have available, you need to take the market value of your property and subtract the balance from your mortgage. If your equity represents more than 30% of the market value of your property, you are most likely eligible for refinancing.

The advantage of refinancing is that you will get a low interest rate and a longer period to pay off your debts. If you choose this option, however, avoid using your credit cards and find yourself in the same situation again. It is recommended to cut all but one credit card with a low credit limit (no more than your monthly salary).

Make two minimum payments per month

Here is a very simple solution: you agree to deposit two minimum payments per month. In doing so, your average daily balance will be reduced, which means you will pay less interest in the long run. In addition, you will repay your debt in less time.

Make a consumer proposal

A consumer proposal could allow you to greatly reduce your credit card debt

The consumer proposal may also be a valid option for you. A consumer proposal is a negotiation with your creditors to reduce your debts (sometimes up to 70%) and extend your payment period over a greater number of years while completely eliminating interest. You will only need to make a monthly payment and this payment will be calculated based on your personal financial situation and your budget. The proposal will prevent your creditors from harassing you, but will affect your credit rating. In order to file a consumer proposal, you must contact an authorized insolvency trustee (SAI) who will evaluate your situation and write the proposal for you. We can help you with this solution.

Report bankruptcy

If you are not able to implement these strategies, you may have to go bankrupt. The trustee will personally take care of your creditors and he will also have some of your assets (you will not lose everything). During your bankruptcy, you will have to attend budget consultation sessions that will give you tools to better manage your personal finances. A bankruptcy usually lasts 9 months (for a first bankruptcy with low incomes), but it can also last up to 36 months (for a second bankruptcy with high incomes). Once your bankruptcy is complete, you will be free from all your debts (except for some non-forgivable debts, such as fines, late alimony and other).

Whatever the case may be, you can always count on Frances Yout & Associates Sendic to help you overcome your financial difficulties. Contact us for a free consultation where we can analyze your financial situation and present your options.

Credit Registration Office

Borrowing in Belgium can be interesting. Money lenders in Belgium have no insight into the Dutch market. The Good Finance (Credit Registration Office, established in 1965) does not provide information for Belgium. That means that there is no possibility to view your current debts. It is because of this easier to borrow money there, only the Belgian lender will ask why you come to borrow money instead of in the Netherlands. This makes it important to have a good story beforehand to explain this. That is a possibility of borrowing money.

Agency credit registration

The question is, is it wise to borrow money without Good Finance. Borrowing with Good Finance offers more benefits for both you and the lender. You have to think about paying off your debts in advance. If your debt is known to the Good Finance, you are more willing to repay your debt or take out other loans. With loans without Good Finance other parties can not see if you have debts and you can borrow much more than you might think is wise.

Good Finance is a non-profit foundation with a social objective. In the Central Credit Information System (CKI), which manages Good Finance, affiliated organizations record data on completed loans and payment arrears on loans. Only payment arrears are registered for mortgage loans.

This can be from subscriptions to mortgages


With the credit registration agency, all loans that you take out are described. This can be from subscriptions to mortgages. They collect all financial data about both consumers and business customers. At the Good Finance you can also request your own registrations, this allows you to check if you are known at the Good Finance and where you have a Good Finance listing. If you are aware of your own registration then you are less likely to go wrong with borrowing money. Because

pay attention! Borrowing money, costs money. Only paying back must be carefully monitored, so that you do not incur high costs.

Request Good Finance information from your loans

Do you want to receive information about your Good Finance registration? That’s no problem. The retrieval of your data takes approximately 5 to 10 business days. For this you need a valid passport, ID or driver’s license. You can view your date online or you will receive all data by post.

Not everyone just gets information. Credit providers must register with the Good Finance on which they are granted access to the desired data. Consumers can only view their own data.

Credit Cards – Dangers And Risks Of Use

While they may be good personal finance management tools, credit cards can lead to financial ruin. It is not by chance that many of the serious financial problems we deal with at Janie Crawford have associated at least two to three credit cards. Unfortunately, financial desperation drives many people to use a credit card to pay for another card … and we get into a spiral of over-indebtedness.

A Wolf in Lamb Skin

Credit cards are sold alerting to the great potential that they have associated. From insurances (which turn out to be very interesting but unknown), miles for travel, discounts on purchases and something really interesting that are interest-free credit periods. All “advantages” that serve to beautify something that can be really dangerous to your personal finances …

Very High Interest Rates

The first major disadvantage of credit cards is their interest rate. Of the total credits available in the market, the rates of credit cards are the highest in the market. If in credit housing the rate is currently 2%, credit cards are around 15% … on credit cards it is almost 20%. That is, in about 5 years would double the amount owed.

Beware Of The Commissions

A second disadvantage of credit cards (common to other products) is the weight of commissions and charges. We suggest that you be very attentive to this heading because the financial institutions are very focused to collect these values, being common to change the rules in the middle of the game. From the list of commissions, we draw attention to the commissions associated with raising cash on credit (known as cash advance). It may be comfortable … but being comfortable has a really penalizing commission.

Beware of Consumerism

Credit cards are one of the visible faces of consumerism. We do not mean by this that all people who use credit cards are consumerists, much less that all purchases made are unnecessary or superficial. However, families typically have the financial capacity to meet the major expenses essential to their lives. When other expenses appear and after the money is exhausted on the essential expenses … comes the credit card to help.

The purchase with the use of cards (whether credit or debit card) has the ability to “dematerialize” purchases. That is, who buys has a less uncomfortable sensation because it does not have to deliver money . Some studies say that credit card purchases lead to spending more than 10-15% higher than those you buy with cash. If you want to start saving, why not try to make the cash purchases?

Do You Really Need a Credit Card?

Having a credit card in the wallet is an incentive or a strong temptation . So, if you see interest in having one of these cards (perhaps because you have hired one in the follow-up to your credit home) why not leave it at home? If you have an urgent and priority expense you will certainly have time to go home and, calmly, decide whether the purchase makes or does not make sense. Whether or not it is priority and urgent. Do you have more than one credit card? How about ending one of them and saving only what has the interest rate and the lowest commissions?