Emergency Debt Consolidation Loans -Myrlinahermes.com / Sun, 11 Aug 2019 06:29:53 +0000 en-US hourly 1 https://wordpress.org/?v=5.6 How Does A Credit Card Work? /how-does-a-credit-card-work/ Sun, 11 Aug 2019 06:29:53 +0000 http://www.myrlinahermes.com/how-does-a-credit-card-work/ ( more... )]]>

That you know how a credit card works allows you to use it properly. Also that you avoid falling into arrears with your payments, which implies a stain on your credit history.


What is a credit card?

What is a credit card?

A credit card is a plastic identification instrument, which allows you to access consumer credit. The type of credit offered by this card is revolving; that is, it does not have a fixed number of payments.

In addition, it is a means of payment accepted by countless companies of goods and services. Therefore, you can use them in your purchases, avoiding the disbursement of cash. You can also, under certain conditions and in some countries, use it as a means of international payment.


How does a credit card work at the time of purchase?

How does a credit card work at the time of purchase?

The operation of the credit card at the time of purchase is simple, you just have to present it. Most likely they will require you to additionally show an identity document, to certify that the card belongs to you.

Once the card is read by the electronic reader (point of sale), the operator places the purchase amount. The information is sent to the bank, who determines if this amount is within the range of credit you have. If so, proceed to accept the purchase, and if not, reject it.

Once the purchase is made, the money is transferred by the financial institution to the seller. This is done following a mechanism pre-established by said institution that the seller knows in detail. Mechanism that requires absolutely nothing for your intervention.


How do I pay my debt?

How do I pay my debt?

Monthly, the corresponding financial institution sends you a statement, which summarizes the rationed information with its use. It includes the purchases you made, cash provisions, payments that you amortized to the credit and commissions. Likewise, indicate the deadline to make your payment and the minimum amount to be settled, if you are going to resort to financing. Also, the amount owed, which you must pay to avoid incurring financing and paying interest

With all that information, you decide how to handle the debt generated with the use of your credit card. You can cancel a value located between the minimum payment and the total of your debt, before the cut-off date. As the payment becomes less, the greater the amount you must pay in interest, and vice versa.

How Does The Purchase Of Credit Card Debt Work? /how-does-the-purchase-of-credit-card-debt-work/ Sun, 28 Jul 2019 06:41:38 +0000 http://www.myrlinahermes.com/how-does-the-purchase-of-credit-card-debt-work/ ( more... )]]> The financial system offers three alternatives to manage the consolidation of your credit card debts. Which one is the best?

The purchase of debt of one or several credit cards is a common mechanism among financial institutions. And it can be a very good business for your customers. Of course, as long as you take precautions.

The first thing is to understand what kind of financial operation is the purchase of a credit card.

For a bank, it is about getting your client to acquire all the institution’s products, credit cards, parallel lines, savings and checking accounts or credits. Also, to attract new customers, who would begin the relationship with the consolidation of their card debts.

For you as a customer, the purchase of debts can be:

  • A lifeguard (there are so many debts that you are having a hard time paying);
  • An efficient way to organize several commitments in one; Y
  • A lower cost alternative to the debts you already have with the credit card.


What can banks offer you

bank offer

For the purchase of credit card debt, financial institutions have designed three alternatives:

  1. A personal loan :
    Suppose Miguel owes $ 30,000 pesos MX on his credit card. He has made several consumptions, has requested advances in cash and pays every month and, nevertheless, has the feeling that the debt falls very little. Miguel could access a personal loan at another bank. The bank would pay the debt and start a new business relationship.
  2. A new credit card with a parallel line
    The entity would approve Miguel of a new card that would have two lines of credit: one for consumption and one for the loan. I would buy the debt and transfer it to the new credit card.
  3. A home equity loan
    Miguel’s debt is high and offers the bank as collateral a mortgage on a property he owns.


Which is the best option

best credit option

The best option will be the one that offers the best rate; the one that offers the best term/rate ratio.

In general, it can be said that financial institutions will offer “preferential rates” to Miguel. If not, what incentive would you have to accept the business?

So, the normal thing is that Miguel, initially, manages to pay less in interest than he now pays.


Parallel line or a mortgage guarantee be better?

Parallel line or a mortgage guarantee be better?

The decision of who will make the purchase of your credit card debt will depend on the amount of credit you need, the time you need to pay it, the risk you want to take and the current conditions of your credit card.

  • For example, the mortgage guarantee will be the loan with the best rate, the most term, but with the greatest risk (you are compromising your assets).
  • A parallel line on your credit card will require a lot of discipline in consumption to try to pay the debt in the shortest possible time.
  • A personal loan will offer you a good rate and a term up to 60 months, which will imply that you pay many months of interest.

I think a good advisor will help make the best decision. Not only will you evaluate the rate, but also the expenses and commissions. And it will seek to fulfill your objective.

How To Change The Smartpocket Credit To A Bank? /how-to-change-the-smartpocket-credit-to-a-bank/ Wed, 24 Jul 2019 06:25:41 +0000 http://www.myrlinahermes.com/how-to-change-the-smartpocket-credit-to-a-bank/ ( more... )]]>

If you want to change the Smartpocket loan to a bank , it is time to do so, since economic stability has kept bank rates low while the mortgage loan rates of this housing fund have remained well above , in contrast .

While private banking offers you a mortgage loan at an interest rate between 8% and 10%, Smartpocket maintains a 12% rate.

Another factor that should move you to change the Smartpocket credit to a bank is if your credit is still associated with the minimum wage with the VSM reference.


How can I change the Smartpocket credit to a bank?

credit card

Advice from a mortgage broker

This is a professional who analyzes the market and offers you the mortgage that best suits your profile. Mortgage portability in what refers to the Smartpocket case is not simple, since very few institutions agree to carry it out, and the process entails costs that the credit holder will have to face. Better advice on this is better.


Review options with different banks

Review options with different banks

A second alternative is to get a new loan to cancel the credit with Smartpocket. It is an alternative to which you can resort if you have a mortgage with the housing fund equal to or above 200,000 pesos. This refinancing of your credit is a process in which Gollum professionals can be very useful to take you throughout the process. Do not hesitate to contact us.

In either case, it is important that you study all the options and advantages that they offer to end the payment of your debt with Smartpocket in better conditions and less expense. Do not forget that you must present all the documentation associated with your credit. Request your Smartpocket credit account statement, which is delivered on the 10th of each month. Contact us now to know more.

How To Motivate Yourself To Reach Your Financial Goals /how-to-motivate-yourself-to-reach-your-financial-goals/ Mon, 22 Jul 2019 07:10:30 +0000 http://www.myrlinahermes.com/how-to-motivate-yourself-to-reach-your-financial-goals/ ( more... )]]> It is a personal matter to know how to motivate yourself to reach your financial goals. In this article we give you a brief guide to establish yours and how to make them happen.


Financial goals

Financial goals

Maybe they turn you in the head, ideas such as having your own home, buying a car, traveling, studying or other projects that you usually set out to achieve, but it is difficult for you to realize them because you do not plan your expenses.

It is often affirmed that between the ages of 20 and 30 it is the time when one thinks about carrying out each other’s dreams. For this, it is necessary to organize the expenses, set up a budget and set prudent financial goals in order not to run out of money in your pockets.


How to reach your financial goals

How to reach your financial goals

Let us define, above all, a series of guidelines to achieve your goals:

  • First you have to establish how much and for what you want to save money.
  • Reduce entertainment expenses a bit but without eradicating them.
  • Credit purchases must be limited to durable goods.
  • Allocate resources for an emergency fund.
  • When having a decent amount of resources, think about investing them in a financial instrument that does not involve any risk.
  • Establish an expense control.
  • Last but not least: perseverance during saving.

To reach your financial goals it is important that you determine what percentage of your income you will allocate for the achievement of your dreams: 10%, 15% or 20% according to your possibilities. Weekly, fortnightly or monthly? During how much time?
To avoid danger and eradicate the understandable temptation to take the money to be saved, it is best to ask the bank to make automatic payroll discounts and place those resources in a personal savings account.

Only in this way will it be possible to achieve financial goals so that dreams come true.

What is the History of Credit Cards? /what-is-the-history-of-credit-cards/ Fri, 19 Jul 2019 06:50:55 +0000 http://www.myrlinahermes.com/what-is-the-history-of-credit-cards/ ( more... )]]>

People have always changed and borrowed, and borrowing, for example, is by no means new or revolutionary. On the other hand, credit cards as a means of payment and a form of loan not inherited from our culture since the Stone Age, their history is a bit shorter (though more sophisticated).

Here’s a rough look at credit card history. Did you know, for example, that credit cards came to Finland in the 1960s and that the history of credit cards can be considered to have begun in the hotel chain? Read more!

Hotels at the forefront of development

Hotels at the forefront of development

The first credit card payment method was developed and introduced by a hotel chain called Good Finance Company. Not surprisingly, even today, credit cards and hotel bookings go hand in hand, especially in the US, where hotel rooms are usually not rented except by credit card.

With the advent of the 20th century, payment bolts were introduced. The idea here was that you did not have to pay in real coins or other so-called real money, but instead could use a token. The bolts usually had a hole in the middle, allowing more bolts to be inserted into the string.

Tickets were usually given to customers who had a credit account at, for example, department stores or hotels. “Credit account” may sound like a stranger to the term, but for a long time, for example, milk was always bought in Finland from the dairy shops to credit.

The first debit cards and the First World War

The first debit cards and the First World War

It was during World War I, in 1914, that Western Union, known as a telecommunications company, began to offer its regular customers a payment card. It was not really a credit card, but a payment card, so the credit had to be paid off in one month.

However, since it was a credit for that month, the card was first given to regular customers – those who were considered trustworthy.

Airport credit cards on a world map


In 1934, American Airlines introduced the Air Travel Card. Today, point credit cards are part of the credit card portfolio of many companies.

A credit point card means that you collect credit points for your purchases. Each purchase usually earns a certain amount of points. When you have enough points, you can pay for a flight or hotel booking, for example.

First credit cards

First credit cards

The first credit cards were introduced in the United States (anywhere else?). At the time, the idea was behind McNamara, who developed the Diners Club card, which by its name was a card that could initially pay for its meals.

Soon, credit cards began to spread from the United States and the lunch payment card to a worldwide payment instrument.

Payment cards spread to Finland in the 1950s – around the same time as Armi Kuusela was crowned Miss Universe (a race once owned by the current US President, Donald Trump) and the Olympics were held in Finland.

Payment cards first came to Finland as gas cards for big oil companies.

The 60’s brought credit cards to Finland

The 60

The first credit cards were expected in Finland in the 1960s. However, they did not immediately gain immense popularity, but spread only in the 1980s, thanks to the economic boom and the slow start of globalization.

In the 1980s, approximately 1.2 million credit cards were used in Finland and approximately 20 million transactions were processed. The numbers are high, but so has it, since in 2010 there were 3.4 million credit cards in Finland and a staggering 146 million transactions.


Credit Card Abroad – Guide to Using a Card Abroad /credit-card-abroad-guide-to-using-a-card-abroad/ Thu, 04 Jul 2019 07:17:26 +0000 http://www.myrlinahermes.com/credit-card-abroad-guide-to-using-a-card-abroad/ ( more... )]]>

This guide tells you all about using your credit card abroad. The guide is primarily aimed at those planning a trip abroad or traveling frequently outside Finland.

We explain, among other things, why a credit card may be necessary abroad, discuss its security and benefits, and give you instructions on how to use your card safely.

Why take your credit card with you?

Why take your credit card with you?

It is a good idea to have a credit or debit card when traveling abroad, because when needed, the availability of credit gives you flexibility in your vacation budget. In addition, credit and debit cards also have many other benefits that are not included in a standard debit card. An annual fee credit card can be a worthwhile purchase for those interested in Traveling even from time to time.

Revolving credit facility In addition to a number of cards include travel insurance, access to airport lounges, purchase protection insurance products bought on credit as well as a variety of travel services. Some premium cards even include an assistant service to help with travel bookings and problems abroad. When it comes to card benefits, American Express and Diners Club in particular offer many benefits to their cardholders.

A credit card may be necessary abroad

A credit card may be necessary abroad

Credit cards can be used to withdraw money when needed, and often the exchange rate may be even better if the credit card is withdrawn. Cash withdrawals usually involve some sort of service charge, but may be less than the cash changeover fee.

While regular debit cards or Visa Electrons are generally well accepted as a payment instrument around the world and successful cash withdrawals, hotels and car rental companies, for example, often require a credit card as a payment instrument and do not accept a standard debit card. Therefore, in some countries, a credit card may be a necessity. For example, in the US, renting a car or paying for your hotel without a credit card can be difficult, if not impossible.

Cash withdrawal from ATMs abroad

Cash withdrawal from ATMs abroad

You are careful when withdrawing cash abroad, as the ATM can offer other options besides withdrawal, such as depositing money on a mobile phone subscription or buying a ticket to an event. In addition, some ATMs may require a six-digit PIN. In this case, enter two zeros in front of the code, and if the lift fails, switch to another machine.

Withdrawing cash from a credit card is almost always more expensive than withdrawing from a bank account, both abroad and in Finland. In the EU, it is usually possible to withdraw cash from a Finnish bank card a few times a month.

Sometimes banks charge a withdrawal fee for cash withdrawn from abroad, so you should always ask your bank for any costs. Generally, withdrawing from the credit side costs about 2 euros plus 2-3% of the withdrawal amount. Outside the EU, withdrawing from a credit or debit side is, as a rule, the same price. If you are always charged a fixed amount for cash withdrawals, you may want to withdraw more money at once. However, it is not advisable to carry large amounts of cash with you.

It is also possible to withdraw cash from the card at branches which handle cards with a Visa or MasterCard. In addition, cash withdrawals are possible at some currency exchange offices.

Be careful with your credit card abroad


You should always be careful with your credit card, especially when abroad. The card should be carefully stored and not necessarily carried at all times. It’s a good idea to keep your PIN secret, especially when you enter the code, at the store, and at ATMs. Also, do not keep the code in your wallet.

It is also a good idea to have more than one debit card with you in case your card is lost or stolen. Korttiturvallisuus.fi offers 24-hour closing service numbers for Finnish banks. It is a good idea to store your own bank lock number in your phone.

Reputable debt consolidation loan companies-You can get debt consolidation finance /short-term-loan-bad-credit/ Wed, 20 Feb 2019 12:05:33 +0000 http://www.myrlinahermes.com/payday-loan-consolidation-help-you-can-get-debt-consolidation-finance/ ( more... )]]> The function of the debt consolidation loan over here is to close all the loans and merge them into a single loan paying only one installment lower with the possibility of receiving additional liquidity that is more money.

Debts are part of everyone’s life and work, the family is commitments that really take away a lot of time, not only they get tired physically but also mentally.

If you already have so many worries every day and you have more debts with the related installments to pay, you will have even forgotten to pay a few.

Here you go to create further concerns.

If you forget to pay the installment of the car, one, two or three times, as well as being reported as a bad payer, you risk getting you to seize the car itself.

If you have children in need of medical care and are worried and you are aware that you already have too many loans in progress then your anxiety is bound to increase.

That’s why problems must be solved as quickly as possible: the more you look, the more they become insurmountable and will be more difficult to solve.

“Do not allow wounds to turn you into what you are not.”
(Paulo Coelho)

Lower the installments!

Reducing the most tiring and obligatory commitments like the two, three or more loans you have, not only helps you reduce anxiety and anxiety but helps you to cope better and more optimistic with your family and work routine.

In addition, the consolidation provides you with a sum of cash that you can use immediately, without giving any justification to anyone.

You can get debt consolidation finance

There is the possibility of obtaining it but this depends on the income received and the type of company or entity for which you work.

A minimum guarantee will always be required by both banks and financial institutions: the guarantee serves as a security that the loan installment is debited without delay or problems.

Even if you do not own property to be mortgaged, you are without a guarantor, you can apply for the debt consolidation loan because your minimum guarantee, on which you can really rely, is to be hired indefinitely in a solid company.

The guarantee for the choices you make, right or wrong, you can only give it to you.

A family or a person to be happy must follow a specific direction and engage in what he does, the mistake is when you make choices “out of your reach” economic.

We know, however, that debts are not always your fault, that is, we know that you have never done “one step longer than your leg”.

Much more likely you had to face unforeseen expenses such as medical expenses, for your children or for your parents, or you had a car accident.

If you are a bad payer or are protested we can evaluate your request to help you close the loans.

Usually, the guarantee is provided by the severance pay and by the insurance policies that cover the life risk and the employment risk and we are able to give you some advice to improve your financial situation.

I have been reported as a bad payer and I have various loans and debts that I would like to eliminate, can I apply for a debt consolidation loan?

Yes, of course, you should ask for it as soon as possible because you could accumulate too many unpaid installments, risking the seizure of your assets or part of your income.

If you allow yourself to be overwhelmed by too many installments, by the harassing phone calls of lawyers or by the recovery of credit demanding the balance of the back payments, from the income that is not enough for you even to buy essential food and essential goods, you risk total bankruptcy.

And not only that, you create a bad mood or depression, you could be grumpy with everything or everyone and crack the relationships with the most expensive people.

Debts can also put mental health at risk because they can cause anxiety, addictions to substances or alcohol, psychosis.

“Success is not definitive and failure is not fatal. The only thing that really matters is the courage to continue. ”
(Winston Churchill)

To apply for a debt consolidation loan you will need all the financing contracts you currently have and which will serve to send the request for extinction count to close the loans.

Am I a retiree indebted with financial can I take out financing with debt consolidation?

Even the indebted, bad paying, protested pensioners can request the consolidation of loans, even single-sign and without a guarantor or mortgage.

In old age financial problems can increase and worsen.

Helping children or grandchildren is a priority to ensure their future is certainly better than now.

“There is no security on this earth; there is the only opportunity. ”
(Douglas MacArthur)

The indebtedness index has risen over the years for pensioners as well as the average life and in fact, for a consolidation loan the maximum age within which the debt consolidation must end is 90 years.

The debt consolidation loan is paid without a fifth sale?

It depends, if you have no arrears and you have not been reported to the credit bureau you have the possibility to consolidate debts with the personal loan.

With our loan agency we specialize in solutions for bad payers, protestors and foreclosures.

As already mentioned, we only evaluate employees and pensioners and we mainly use the sale of the fifth.

Banks and financial institutions when they have over-indebted and insolvent clients pass the files to their debt collection office or sell the credit to the debt collection companies.

In your opinion, what is the easiest and fastest way to recover a damaged credit?

Simple, after you have filled with phone calls to scare you, reminder letters to alarm you, the ultimate goal is to have you leavened with various costs for your delays your debt and, of course, will end with the foreclosure of the fifth of your salary by decree injunction by the court judge.

“As life may seem difficult, there is always something that can be done to succeed.”
(Stephen Hawking)

Our loan agency with the assignment of the fifth can make a difference and save you from the disproportionate increase of your debt by debt collection agencies.

If you want to protect yourself and not see your total debt duplicated, you must act immediately because your creditors are waiting for nothing but putting you under pressure.

I am self-employed with a VAT number and company owner, can I apply for debt consolidation?

We do not have a financial product to consolidate the debts of self-employed, VAT or companies, in the future we would like to be able to help even this category of workers.

I have too much financing and I need an urgent debt consolidation for over 50,000 euros

The consolidation of debts can also be done for higher amounts, even for 80,000 euros, and once the other loans have expired, the remaining part of the amount remains available as extra cash that you can use for any purpose (medical expenses, restructuring work) , holidays, marriage, pay off debts of Equitalia and other taxes), in other words you can spend this money “in excess” in complete freedom without giving any justification to anyone.

The important factor is to have an income that can support large amounts of financing, the maximum duration is 120 months and this long extension helps to reduce the amount of the installment and the interest rate.

Why is not there an online consolidation loan simulator/simulator in which users can enter the requested amount and the number of installments to find out about the tan, taeg, and final installment?

Simple, we do not want to risk giving you false illusions.

The estimators / simulators that you find around the web purposely use interest rates, tan and taeg at low conditions, with the most favorable offers, the cheapest, the lowest, the most advantageous, the most promotional possible to the customer (no coincidence you will also find the expiration date of the promo, those of the “valid offer up to” … type.

Guess why …?

To find more customers possible to then squeeze and squeeze as lemons, then increasing the fantastic but not real conditions advertised on the comparators/simulators.

In your opinion, without information about your income, your company, your indebtedness index, your insurance coverage (ie the insurance company will be willing to cover a hypothetical claim for your loan?) How can you make a realistic estimate and so promotional and advantageous rates especially on customers with very high and problematic debt exposure?

Does not it seem a little “out of reality” or “too good to be true”?

Do you think that banks and credit institutions are ready to give money at such promotional rates to everyone?

That’s why we decided NOT to put a loan calculator/simulator/calculator to consolidate debts.

Our customers are people who also have serious financial difficulties, have a family, have many debts, not to live peacefully, the total and absolute UNDERSTANDING of the difficult condition of our customers is for us IMPERATIVE.

Does the debt consolidation loan agree?

Why should not it be suitable for your debt situation? Do you think the rates could be high?

Every month you have so many installments to pay, if we add up the charges (such as the payment of the installment and late payment for late payment) and interest of all the financing you are paying you to realize that you are returning a disproportionate amount and increased by your delays on accumulated installments.

It was not you who opened the loans and you committed to their return? Then you also took into account the interest rates that the banks gave you.

Getting rid of debts becomes an emergency that creates anguish and restlessness.