Month: May 2019
When you are a student one of the best experiences is the end of studies trip. No matter the destination, if it’s a cruise, or if you travel by plane for the first time.
The important thing is to live a unique experience with your classmates. And for that it is not necessary to have to go to the University, you can enjoy your trip of end is studies in the School or the Institute.
But once the best offer has been obtained by hiring a low cost trip for groups, the only bad thing about the study trip is always the same: how to finance the trip.
How to finance your study trip without having to sell anything
And to achieve it the best thing is to resort to creative solutions, apart from the typical financial solutions of selling lottery or shirts. So from Credtext we want to give you some tips to finance study trips:
- Organize a party to get money for your trip: so all your classmates can participate to finance the study trip. Some may sell tickets for the party, others be waiters, porters, etc. To organize your party you can use the facilities of the College, Institute, or University. Although the best option, to have everything you need to serve a drink, is usually to collaborate with a local bar or disco pub. That way you will not have to rent things like speakers or hire a DJ. Keep in mind that organizing a party is not easy and also if assistance is scarce, then you may end up losing money. So to guarantee the success of the event you can organize a themed party to finance your trip.
- Sell promotional items: because today there are hundreds of online stores that you can use as providers to get money for your study trip. The only thing you have to do well with your classmates numbers: what is the minimum order of items, what is the profit margin, and how many units must be sold to finance the end of studies trip. Keep in mind that selling promotional items assumes a high risk if you have to buy the items in advance. Because if you do not sell enough, you can even lose money.
- Request a loan for travel, as long as you are of legal age and for cases in which you lack money for your study trip. Keep in mind that to get a loan you have to ask for it individually because it can not be done on behalf of the group of class students. A loan or a mini credit is a good solution when you lack some money to pay for your end of studies trip, or when you want to have more money to spend on your trip. A mini loan allows you to get amounts of money up to 500 euros, although the most common amounts are usually between 150 euros and 300 euros. For what they are an aid to pay the part that you lack of your trip of end of studies. The only thing you have to keep in mind is that if you are a student it may be more difficult to get a loan, and that the repayment period of the mini loans is usually a maximum of 30 days.
There are many advantages that fast loans with FCI have offered their applicants over the years. This solution has been quite innovative within the financial sector. Next, we will explain what this type of loans consist of, how you can apply for them and what is FCI.
What is FCI?
The acronym FCI refers to the Financial Credit Institutions. It is a company that, among its tasks, has to register a list with personal data of people who have generated a debt throughout their life with a company or bank.
This is the largest Spanish registry that exists in this regard. There is no minimum amount necessary to be in it. On many occasions, the amount of money claimed is much smaller than estimated; This is because, sometimes, if the client considers it unfair, he may not pay it, getting his name to remain on the FCI list for the time being.
Leave the FCI lists
The presence in this type of lists of defaults can reach up to 6 years. Meanwhile, the person who is in FCI can not apply for bank loans, access a mobile phone contract, finance household appliances or access any other source of financing, whatever its nature.
To get out of this list what you have to do is pay the debt.
Quick Credits with FCI
Now, because there are many circumstances that can lead you to the list of FCI or RAI (another registry of popular defaults in Spain), entities related to the economy that work online have developed a series of credits and loans for people who are in this situation and need to request one.
Maybe you do not know, but if you are on a list of defaulters, no bank will grant you a loan, no matter how small it may be. That is why these services have proliferated in recent years.
The financial crisis that took place in Spain has forced banks to tighten the conditions for obtaining credit to protect their interests. Currently, if you want to request a service like this through an organization of this type you must not only not be in FCI, but have a payroll and a guarantor.
With fast online credits, in most cases, this does not happen in the same way.
How to know if you are in FCI?
The different companies that can transfer your data to this association, by law are obliged to keep you informed at all times, and when 30 calendar days pass after the last payment notice will be responsible for moving your data to be included in the record.
Many people are unaware of this fact and may want to be interested in knowing whether or not they are in the registry before those 30 days are completed. At the end of the day, you may end up with a debt that you do not remember due to a change of address or mobile phone that has prevented you from keeping up to date with the notices.
The main reason does not really matter, what is advisable is that you do your best to know if you figure or not in this record. In order to do so, you have several options: email, contact phone or approaching you personally.
You are in FCI and you need money
From Astro Finance we offer the possibility to our customers to access loans quickly and easily through our platform. We are not going to ask the reasons for your entry in the FCI lists, nor are we going to demand a payroll to access this service.
We want our client to be able to cover their expenses in the best way possible and we will do everything in our power to do so.
Characteristics of these loans
These credits can be used to obtain up to 800 euros that will be deposited in your bank account in a matter of hours. In case you do not have a clear agreement with your main bank, this process could be extended up to 48 hours, but no longer.
From the beginning you will know the interest to be paid and what are the repayment terms that you have, which vary between 1 week and 6 weeks. These are very short deadlines because we do not want the client to be forced to pay a higher interest rate, given that the amount of money requested is not excessive.
We want you to be informed at all times of the entire process in order to be able to decide freely and without pressure.
Advantages of applying for an online credit
The power to perform this type of procedures through your computer has many associated advantages, mainly related to peace and comfort.
Think you will not have to make large queues, or fill out several forms. You only have to provide your personal data once and without any haste.
In addition, being able to do it from your home offers you the possibility of thinking quietly, talking to a second person. In short, take your time to understand the whole process and know what you really want, without any external pressure that may arise from being in a bank with a line of people behind, or having to respond to a worker with security.
Other advantages of this credit
As we have already mentioned, the requirements to apply for this type of credit are minimal. You do not need a guarantor or a payroll, you simply have to prove that you have regular income but it does not have to be derived from a current employment contract.
Simplicity, without bureaucratic procedures, without extra or hidden expenses, a quick loan with FCI brings many positive aspects to improve the client’s conditions.
Why can these credits be requested?
Apply for a loan being in FCI can have several purposes, the first of them, curiously, could be to pay the accumulated debt and leave the registry of this entity allowing you an improvement in your quality of life in relation to hiring services, to apply for other loans more forward, etc.
Moreover, many times this aspect is not taken into account and from here we believe that it is very important to shuffle and solve this situation; in the future you will appreciate it.
In other occasions, its use can be derived to the home and personal space. Many times it is necessary to make an investment to improve some of the rooms of the house or change the furniture. When you do not have enough money you are lengthening this process; This could lead to major problems that could affect comfort and even health.
Another reason why a credit of this type could be used is to pay the expenses caused by an accident. These occur and are unpredictable; It is convenient to integrate them into the day-to-day planning. Therefore, it is important to know that you can count on the extra help to deal with the breakdown of the kitchen, the accident experienced with the car, etc.
There are even reasons related to seizing an opportunity. Many times, paying something in advance (a flight, Christmas gifts and even a part of the school or university registration) allows you to pay the amount with a discount applied to the original price, as long as you do it within the deadline. validity of the offer. For this reason, in many occasions it is important to assess whether this process should be carried out or not in order to achieve long-term benefits.
Aspects to consider
As a recommendation we believe that you must take into account certain aspects before carrying out a procedure like this. It is true that the conditions to be met are simple and that you will not need anything extraordinary to face this credit.
However, we believe that making a decision of this kind always has to be something clear about what you do not have doubts. Thus, you must contrast all the variables that will influence the cost of your loan. We refer to the interest rate and the repayment period, mainly two factors that will greatly affect your purchasing power.
The main purpose of this loan is to offer you the possibility of solving a specific problem, preventing it from being delayed or delayed. It is what you must really take into account and question yourself before filling out the application form.
Apply and live quietly
If you have arrived here and you know that you are going to solve your problem, from Astro Finance we encourage you to enter our website and get to know our fast credit service with FCI. It’s time to improve your quality of life, leave those accumulated bills resolved and even help yourself out of the debt record while thinking about improvements to your future well-being.
You are planning to buy a flat for a loan, but you have doubts whether it will also allow you to renovate it? There is a simple solution – take a single loan for the purchase and renovation of your apartment.
A mortgage for the purchase and renovation of an apartment?
Not everyone knows that money for finishing the apartment or its renovation (in the case of buying a flat on the secondary market) can be obtained as part of a mortgage.
Additional bank support is usually 10 percent of the value of the flat you buy, which you can spend, among others for the purchase of fittings, tiles, floor or floor panels, a new kitchen (including kitchen furniture) and the purchase and installation of furniture in the building.
As part of the housing and renovation loan, it is also possible to make changes to the layout of the electrical system, to finish the walls, install the walls and repaint the flat.
A loan for the purchase and renovation of an apartment in practice
Let’s give a simple example – buying a flat worth 300,000 PLN, we can apply to the bank for an additional 30,000 for its finishing or renovation. It is also possible to raise this limit. How to do it?
The solution is an appraisal report prepared by a real estate appraiser entered on the list of appraisers accepted by the selected bank. The cost of such a document is usually 450-550 PLN.
– With a thoroughly developed report that takes into account all future expenses, it is much easier to apply for a higher amount of repair credit. Simply put, it is an expense that pays off – explains Domingo Aljur, mortgage advisor from the Kandor branch of the company.
Selected banks also determine the level of possible loan amount for renovation of a flat or its completion with the rate calculated for one square meter (the average on the market is PLN 1,000-1,500 per 1 m2). In the case of a 40-meter flat with a value of 240,000 PLN will mean an additional loan for its finish at the level of 40 to 60 thousand. zł.
Let us add that there is also a group of banks that does not specify such limits at all – they set the amount of the finishing and renovation loan on the basis of the average. What? Well, the total purchase price of the premises along with its preparation or renovation can not be collected here from the average prices of apartments of similar size and standard in the area.
The cheapest loan on the market
And now it’s time for the most important – a common loan for the purchase and renovation of an apartment is today the cheapest loan on the market! If, therefore, we would like to finish the newly purchased apartment with the help of an additional loan, the cost of two such separate loans will be much higher than the cost of one common housing and renovation loan.
In short, it simply pays off! Unfortunately, we also have bad news – people who have decided to take advantage of the government program can not apply for a finishing loan
How do you get an extra loan for renovation?
You will need a cost estimate for renovation work, which must be attached to the “main” loan application. It should be remembered that the bank will “pay” only for these purchases and finishing works that relate to the permanent elements of our apartment – we can not, therefore, include the purchase of a new bed, mirror or TV.
When the loan application approved by the bank for the purchase of a new apartment and its renovation is finally completed, the amount due will be divided and paid in two separate tranches.
– When talking about the secondary market, the first part of the money related directly to the purchase of the flat goes to the account of the person from whom we buy the flat. The second part of the loan, intended for the renovation of the premises, is transferred directly to the account of the new owner. Let us add that both tranches are launched by the bank only after delivering the notarial deed of buying the premises – explains.
And what is the procedure for the primary market? We answer – here the first part of the loan related to the purchase of an apartment is divided into smaller parts, transferred to the developer’s account in accordance with the payment schedule resulting from the development contract. And when all the money goes to the account of the company that built our flat, the bank will provide us with the remaining funds – those for which it will be possible to finish the apartment. Does this mean that you have to wait until the day of signing the notarial deed with the beginning of finishing works? Not necessarily.
– The bank will be happy to give us money to finish our new “M”, as soon as it receives the report of reception of the premises – explains Domingo Aljur.
Let’s summarize then: the money for finishing or renovating the apartment is at your fingertips, so you should “add” it to your mortgage. And it is best to ask an experienced credit adviser for help in this matter – he knows all banking procedures well and knows where the easiest and cheapest way to get a good finishing and renovation loan can be obtained.