To do so, calculating your level of debt means the sum of all your credit payments should not exceed 30% of your income. If what you pay for your loan is more than that percentage. Then you’re in trouble … Don’t hesitate to take action soon if you are at risk of losing your job or you know you will lose it.

2. Save

A good contingency plan, to the unexpected, is available monthly at least 10% of your income in savings (current account). That cushion allowed you at least a margin of one month for every year worked.

3. Negotiate

If you see the storm coming, talk to your bank. The healthiest before an impending drop in your income: reduce the monthly payment by lengthening the life of the loan. This can take you to pay up to 50% more, if you choose to double the lifespan of your credit. The healthiest thing is to use this resource as a temporary measure, and when conditions permit, return to the original plan of debt.

4. Contractual and insurance waiting period

By signing the hired by a mortgage or personal loan should be revised if it contains vesting periods. This means the time that we stop paying the debt without interest or penalties are added. It is important to note that these deadlines do not mean the end of the debt, but only a postponement.

Not being referred to the waiting period, even if they are, should pay extra for insurance on debt: under certain conditions, such insurance guarantee us fulfilling our obligations when circumstances we play against.

Concession
The loan is allocating a specific amount to the client to perform a specific project (a mortgage, for example) that will be repaid in regular installments by paying a portion of capital and interest generated on each payment (monthly, trimester or biannual). It is a financial tool fixed and invariable conditions, governed by a contract, it is necessary for the enjoyment of which offer him a guaranteed on the amount allocated (a property, for example).

The credit is the client who decides how much it will take up the bank offers (for example, the maximum amount we allow the cards).

Interests
In lending, the bank charges interest from the first day of delivery the customer money, no matter what the money is used or not.

In credit, only pay interest on the amount used, and is the client who sets the amounts and repayment terms, within a range established by the bank. The interest rates are higher than in the loan and shorter repayment periods.

Renewal
Once its life (the return) of the loan, no renewals allowed.

You can renew a loan over and over again, asking and even raising the maximum amount available to the client.

Utility
The loan is used to purchase goods.
The provision for greater liquidity.

Over 75% of users of the Spanish bank acknowledged that the contracts do not read in its entirety, and signature loans whose terms, penalties and, above all, interest is not known. Something very serious, look where you look, is that at the failure of one or more monthly (or even to non-payment of insurance attached to a loan) can fall in legal costs, fines and even in foreclosures ( the new euphemism for auction from our house).

Again, the institutions that offer quick credit which bear the palm in this deceptive conditions or opaque, you ring up your phone and is informed that the longed to go on vacation loan has an interest only 1.84% APR. Wonderful, right?

Well, no: it is the monthly interest, which gives added more than 22% annual interest, which is what we really need to pay. This is warning the Federation Al-Andalus: careful with attractive offers. If they look good, something they have to hide.

The Caixanova Wedding Service includes a range of tools that enable the happy couple live the best of times if you pledge your future. For starters, all the partners that subscribe to the service, they override commissions on cards and accounts.

It also features the wedding list service, who advised the couple about the gifts deposited into your account.

And above all, offers couples Credinova Weddings, a loan to the spouses of prime interest and various amenities.

Now, with Caixanova, it is still possible to marry in the summer.

As is the case of Caja Navarra Day Care Credit, a credit to ten years for a maximum of 18 thousand euros, bearing interest below the market average, and used to finance the payment of childcare.

Child care credit is a financial tool especially designed for single parents: for parents or single mothers and single faced spending a day care to continue with their professional lives.

Credit is a sensitive and adaptable, which enables two-year grace period in which only interest is paid. An excellent story that shows that in terms of credit, support and businesses can go hand in hand.

If you have a contract with a floor-ceiling, which allows deductions Euribor and lower monthly payments to be paid, there is a solution: to change banks. This is the process by which the costs, but a few insurance is better than paying interest to the current trend.

Binding Offer
The initiative is to use the new bank should specify the conditions that they offer (interests, terms, resources …) Conditions which, together with the offer “binding.

Binding Offer
This document will start the action of surrogacy, which essential be notified to the bearer of the bank loan through the bank’s new lawyer. The first bank should be a maximum of seven days to send documents to bring the guides and the loan balance has been transferred.

Subrogated
Process of change of name of the bank you use, and are an indicator that shows clearly that the signing of the law is an institution that doesn’t bind us. If you have a bank account in good conditions, then we can try to move our mortgage with him.

Continue | How to change your mortgage Bank (II)