Crowdfunding Collective Loan

To get angry Is it a collective loan? Is it crowd loan, loan between people, financing, mutual aid or incentive? Does not matter! Crowdfunding has become a form of financing of the most wanted on the internet second only to the loan with restriction on the name. Those who have a legal project find Crowdfunding an excellent opportunity to get the money they need to get them.

What is crowdfunding or collective loan?

What is crowdfunding or collective loan?

The interesting thing is that no one else needs to knock on the doors of friends and relatives looking for loans or financing to play their projects. Today in Brazil there are already several websites specialized in collective financing. The idea is to facilitate the raising of the financial resources that are necessary to carry out one or more projects or even money to leverage a company. The support is general and comes from everyone can or want to collaborate.

The system for getting money in a collaborative way is called Crowdfunding, and better known as a collective loan or loan. In the English term, it means “crowd collection”. The proposal is very simple, the interested is disclosed the project with the intention of finding people to help you finance your project. There is all types of initiative online, just choose which project has to do with your interest.

Can anyone participate in crowdfunding?

Can anyone participate in crowdfunding?

Crowdfunding is super democratic, anyone taking part in the auction and anyone can donate the amount of money they want for the project that catches the eye or that has affinity with the donor, of course there are nonfinancial rewards for donors, they range from according to each project disclosed.

“Today, the use of crowdfunding can be a great strategy to achieve many types of personal or commercial projects”

Which sites and platforms can participate in crowdfunding?

Which sites and platforms can participate in crowdfunding?

In Brazil the best known and reference in this type of financing with the raising of money by donation, is the catarse.me, in America is the idea.me. There are many advantages of coming up with a project to be funded via crowdfunding, ease of access to the site, low-risk financial resources are free of tax obligations.

It is worth remembering that it is not all the projects that are feasible or divulged in the sites that provide this type of service, in addition, each project needs the engagement of the people to support the project and are willing to help financially.

What is Cartase.me? It is one of the most successful sites that collects funds in cash in Brazil, Catarse has been online since January 2011 and since then, has never stopped helping people get money to realize plans, projects and businesses.

How to get money and funding through crowdfunding?

How to get money and funding through crowdfunding?

In order to participate the creator must register his project in the sites and platforms of crowdfunding to be evaluated according to the criteria and prerequisites that can be classified as: creativity, collective benefits and rewards for the donor. By defining well the objectives of the project the idealizer is much more likely to be approved and have the project disclosed on the site.

It is worth mentioning that only about 30% of the submitted projects are published. At the beginning only projects of Brazilians can participate.

Payday loan online: the points to know before signing

The payday loan online is a very interesting financing solution. With the technological evolution, it is now possible to apply online.

Understand the principle of online credit

Understand the principle of online credit

Online credit unlike conventional credits can be done via the internet. All the steps will be done from a computer, without you having to wait for the opening hours of the loan agencies. Be careful though, because payday loans in lines have nothing to do with sub-credit. This is another form of credit that is made through an official credit organization. In other words, you are going to apply for credit.

If your request is accepted, you must unload it by paying monthly installments. Except that all negotiations are done on the internet. The forms to fill out are also available online. In short, you will not have to move, most of the steps will be from home, even sending the evidence to validate the file.

The advantages and constraints of payday loan online

The advantages and constraints of personal loan online

The payday loan online makes you enjoy many benefits, but just like conventional credit, it also has its constraints. Subscribing a payday loan online can be done anywhere and anytime, regardless of the activities of the loan agency. All procedures are simpler and faster. You will be able to benefit from an answer quickly whatever the nature of the credit which you will ask.

With a credit comparator, you can also compare the rates of each establishment to choose the one that corresponds precisely to your profile and which could give a favorable response to your request. The payday loan online allows you to quickly finance your projects or deal with a hard blow. The application for online loan is much more discreet, and is done exclusively in confidentiality.

However, there are constraints to applying for a payday loan, such as collecting a negative response in the event of over-indebtedness. Banks will not risk lending you money that you can not repay. To help you, you can ask for help to advise online who will know how to guide you to make the right choice.

Personal credit: the refund

Personal credit: the refund

The loan offer must include all repayment terms, the terms of the due date and the amount borrowed. The payday loan makes it possible to obtain between 200 and 75 000 euros with a duration of 3 months to 7 years according to the agreements concluded with the organization of loan or the bank. It is quite possible to ask for an early repayment if you have an inheritance or other source of income. This is appreciated by the bank, but expect to pay an additional fee of 0.5 to 1% of the amount to be refunded.

Read the terms carefully as this must be written into the loan agreement. However, according to the Consumer Code, if the prepayment is less than 10 000 euros, the bank can not demand reimbursement compensation. Concerning the deadline extension, it is necessary to resort to it in case of financial problem. Banks only grant two deferrals each year. With this option, it is possible to benefit from an extension of duration.

What insurance?

What insurance?

Subscribing to insurance for a personal credit online is not an obligation. The choice is up to you and you also have the freedom to choose the organization that will manage your insurance. By law, the lender is not able to tax your insurer, however, the insurance company you choose must offer the same guarantees.

Loan despite short-time work

Nevertheless, short-time working means the continuation of the employment relationship between the employee and the employer, and there is nothing in the way of loan approval for a credit inquiry. However, rating the credit rating could be a reason for refusing a loan request. The short-time working allowance means a lower net wage, which leads first to the fact that the worker could get into a possible financial imbalance.

Although this financial imbalance could only be short-lived, this gap can be closed with great difficulty the longer the short-time work takes. A loan could remedy this situation in order to maintain the liquidity of the employee. However, in the review of the credit rating of a loan despite short-time working, the financial situation in the comparison of the income and the monthly costs could lead to a negative result.

Possibilities of borrowing during short-time work

Possibilities of borrowing during short-time work

In the case of short-time working, there is still an employment relationship that would have to lead to a commitment in the event of a loan request in this phase. Creditworthiness could be negatively impacted by lower income if liquidity could be extremely narrow. As a rule, the inquire with the house bank regarding an increase in the collection loan would be a sensible consideration, because the repayment of the granted disposition frame can be carried out flexibly by you.

An overdraft means much higher interest rates and a temporary tolerance of the overdraft. Decisive for credit inquiries at the house bank is the assessment of the course of the account transactions. A loan in spite of short-time working is also possible in the form of an installment loan if the credit rating is assessed as sufficient.

Correspondent Banking: For Loans and Financial Services

Correspondent Banking: – What are the correspondent banking and how does this type of service to release credit. What are the advantages and conditions offered by representatives of financial institutions? At first, easy access to credit is the main advantage, especially in the lending market that grows every day in Brazil.

With the increase of the capital the disposition of the families, the possibilities of proof of income and the offer of guarantees, are allowing the greater concession of financial products and services to many more people. As a result, the number of bank correspondents, ie intermediaries of bank and financial credit proposals, also grew in the loan market.

Correspondent banking?

Correspondent banking?

The bank correspondent operates in the market representing medium and large financial institutions, are really recognized banks, and usually have as main focus the concession of payroll loans, type of loan intended for retirees, pensioners, civil servants and military of the armed forces. This line of loan offers advantages like interest rates and lower rates since the guarantees offered by the clients are greater. The discount is made directly on the payroll and delinquency has very low rates, which entails little or almost no loss to the bank.

Why do bank correspondents exist?

Why do bank correspondents exist?

Well, the answer is simple: banks have difficulty reaching all corners of Brazil, the country is very large and the technology required for the structure of an agency will not always be available in some regions. To fill this gap, there are correspondents and non-bank correspondents. With a simple structure, cheap and financed by themselves, it is possible to have the business itself and reach out to the final borrower. See the article on financial franchises for sale of loans and how to open a credit or financing company?

A correspondent can represent more than one institution at a time and can still work as an agent or financial agent for other correspondents. The class is also represented by ANEPS – National Association of Companies Providing Consumption Services and ABCB – Brazilian Association of Banking Correspondents. As a customer, you should seek information on the suitability of the company, since, despite the prerequisites, many take advantage of the façades to apply blows.

Reliable and dependable bank correspondents

Reliable and dependable bank correspondents

Before closing a contract, try to know the suitability of the company, if it is actually registered and accredited by the institutions. The indication of other clients makes the biggest difference, if you inform about each service provided, what the rates, deadlines, tariffs, etc. It is worth remembering that these agents represent the banks, use their brands, grant loans to the bank, but they are not the banks themselves.

There is an advantage in looking for a bank correspondent and not the bank branch directly: no doubt the agility in the process of evaluating the proposals. With a system linked directly to institutions, depending on the type of credit offered is much faster and easier to get the loan in bank correspondents.

Conclusion

Conclusion

Attention! A bank correspondent will never ask for advance payment to release loan . Another important factor is: do not believe in miraculous proposals, those without consultation with credit protection agencies.

Believe me: 90% of banks do not offer loans or financing to anyone with a dirty name on the market. As with any financial transaction, beware of scams, especially those made by the internet or telephone.