Platform you pay your services and improvements your credit history

For people who have never applied for a loan in a formal way what happens to young people who join the labor market they ask for experience but how they will generate it if they do not give them work. Something similar happens in the financial system. If you do not have a credit history that supports you, it is very complex to be granted financing it is a kind of vicious circle.

services and improvements your credit

Platform that helps responsible people demonstrate that they are good payers and increase their chances of accessing credit. The platform is free and people only have to register and upload the bill for basic services like light, so the system will check and generate the payment history. Continue reading “Platform you pay your services and improvements your credit history”

How to get the starting capital for your business?

Do you have the ideas to start your business but do not know how to find the money you need? We tell you what options you have to get ahead. Having a business idea hanging around for days in your head then encouraging you to develop it build a concrete project is already a giant step. Although, sometimes it turns out to be a misstep as not having funding and the idea frustrate people never materializes. Surely, you have heard in a conversation a friend or relative propose something lucrative. Then say that it is not viable because nobody is going to lend the money.

starting capital

Finding finance is often one of the first obstacles of each entrepreneur, and the reason why many do not encourage themselves to become independent. However, small and medium-sized enterprises (SMEs) have grown significantly. Continue reading “How to get the starting capital for your business?”

The financial plan that every entrepreneur must handle

Controlling your finances is important for your future and your business, so we tell you how to manage it and what you need to keep in mind to manage your money successfully. Will the vast majority of millennial be interested in being entrepreneurs to manage their time and be their own boss? The answer to certainty we do not have it, however, that is the perspective that many people today have about young people. And not just as an example of entrepreneurship independence but rather as a figure of rebellion of laziness who like easy things who do not care about their future much less for the management of their finances.

The financial plan

Look, these are the Excel Templates to control your expenses and income

In short, there are many points of view and a great debate, the fact is that they are the main public of the world trade. Young people have a different expectation. That is perhaps what motivates them to act many times in a “snatched” way before the possibilities presented to them. With the decisions, they make. It is okay to be risky but it’s also okay to be organized and strategically ask what you want to do and where you want to go. Because when we go out on an uncertain road without knowing anything, we can crash. Continue reading “The financial plan that every entrepreneur must handle”

Virtual currencies Blockchain and developing countries

One of the main barriers found by Bitcoin and Block chain in the developed world is precisely that the economic agents whose sectors most revolutionize are those who feel that their business model may be more threatened. Therefore, the speeds of adoption in the first world countries may be slowed as is already happening at least until affected players know how to take advantage of the new ball rolling on the field.

Blockchain and developing countries

This complicated casuistry of stakes often does not exist in developing countries, since, in most cases, Bitcoin and Block chain allow developing and offering services and possibilities to formerly non-existent user bases and that many times they did not even have access to the most basic financial services. There the problems are different, which does not mean that when these services start beyond the Mediterranean. They end up becoming players, not only relevant at the national or continental level. They can aspire to challenge in their own home. Continue reading “Virtual currencies Blockchain and developing countries”

Different ways to secure a fixed money for your future

I’m never going to think about it have you heard this phrase? Sure, that yes his grandfather once said it his parents too and you do not fall behind just like your co workers and their friends. It is always said that the system deteriorates that a pension reform is needed and that young people have to look for some additional income to survive in their old age.

fixed money

Many are the reasons that cause the problems in the system starting with the population pyramid in recent years, as the population is not currently being renewed at the pace required by the current pension model. Older people get older while newborns are less. This is evident when comparing the older population of the years 1985 with the one of 2017 (that is between the 60 and more than 80 years of age according to the information that the DANE reports. It is observed that older adults have increased 4.72%, while newborns (between 0 and 4 years) are decreasing and in 2017 are 4.56% less than in 1985. Continue reading “Different ways to secure a fixed money for your future”

What to do when you lose a job

Unemployment is a common and regrettable fact of an unstable economy in times of recession. The tips below can help you deal with such a situation.

Keep a budget

Start by reducing expenses, do not eat out or buy expensive drinks. Do not waste food at home. Turn off the light switches when not using a room. Consider selling unused and in good condition. You can reduce your monthly expenses from 10% to 15% and save money with a little ingenuity.

lose a job

Take advantage of unemployment insurance

Employers are required by law to pay unemployment taxes. You have earned it. Visit the local unemployment office to register and start receiving weekly checks until you start working again. Continue reading “What to do when you lose a job”

The top five mortgages for April 2017

The Green Mortgage RN Exclusive has raised its interest rate from Euribor + 0.70% to +0.85 but still remains the best mortgage offer on the market today. In addition to accessing this differential you only have to comply with minimum bindings payroll, life and home and is a loan free of commissions. The entity has a team of mortgage advisers who take care of all the formalities until the day of signing the mortgage. Cons: The financial inter mediation service entails fees that must be paid in the event of signing the mortgage offer presented by the company.

mortgages

The Mortgage Orange of ING continues in the second position of our podium with an interest rate of Euribor + 0.99% for sale and up to 80% of the valuation value. It also offers the advantage of extending the term of return of 30 years (the usual) to 40 years as long as they do not exceed 75 years. The entity does not apply any commission on its mortgage. ING Direct is a bank that usually delays in the process of incorporating the mortgage loan compared to other entities. Continue reading “The top five mortgages for April 2017”

Invest in real estate projects through crowdfunding

With their savings, they bought the vacant lot, but to begin to build the residence of 3.5 floors they needed 3 million pesos (MDP). First, they knocked on the door of Santander they asked for experience and guarantee three to one to back the loan. If the land acquired was worth 3.2 million pesos, they would only be receiving 1.5 million and the property would remain under guarantee. Two Multi-Purpose Financial companies were their second option. The percentage of 18 to 19% interest they requested was too much to support their small developer.

His last alternative was to bet on crowd funding or collective financing. A scheme that allows small investors to put their money in real estate developments, with amounts from 25,000 pesos, and obtain returns higher than the IPC in an average term of one to two years.

In 2016, by recommendations of friends, Rivera, Moniz and Curial decided to try it through expansive one of the three platforms that exist in the country. which began operations in July 2015. In a first stage, they asked for 1.5 million pesos to start construction. In just over a month, obtained from 12 investors, who could contribute from 50,000 pesos?

Adolfo Zavala, co-founder of expansive, points out that it is a win-win. On the one hand, you cover the capital needs of these developers. On the other, you open the door to potential investors who intend to diversify their portfolio and obtain more and better returns than other investment instruments.

Financing usually occurs through debt or co-investment schemes. Tau applied the first round backed with 14% fixed rate promissory notes. Today, the work is in the fourth month of progress, and through Expansive, the entrepreneur’s report how the project is going. Investors will be able to see returns by mid-2017, once the house is sold

If you spend more than you have, your debts may possibly lead you to borrow with high interests. State Street Global Advisors placed the statue to commemorate International Women’s Day. Although the cost of mortgage lending rises, 2017 is a good year to buy a home, experts recommend.

Tips on Financial Etiquette

Touch is the hardest thing to keep when it comes to money matters. Here are some expert tips on financial etiquette on how best to deal with difficult situations. In a restaurant, your friends suggest dividing the cost of food evenly but your food costs less. The same thing happens if you regularly have lunch with friends and the price of your food usually is almost the same as theirs. You do not want to be the person who is taking out the calculator.

Tips on Financial

However, it is okay to ask your server for a separate account before the meal if you often go out to eat with people who tend to order the most expensive meals and drinks. In fact, your tablemates will appreciate being able to order everything you want without feeling like an imposition. Continue reading “Tips on Financial Etiquette”

Households borrow 14% more from personal loans

Going to credit to finance day to day spending is once again a common practice among consumers once they have forgotten the worst consequences of the economic crisis for family budgets. Households have resumed the hiring of all types of instant financing products which usually do not have as many concession barriers as a mortgage to purchase the classic household appliance make the trip dream or renew your vehicle.

personal loans

The volume of new operations reached 27,355 million last year, which implies several milestones: a new increase of 14% compared to the previous year, when it was already improving 13%. At the same time, the highest level of credit investment since before the recession began. Continue reading “Households borrow 14% more from personal loans”