Monthly Archives: May 2019

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?