5 financial terms to know before asking for a payday loan by phone number

It is clear that the creation of entities specialized in a pdl loans phone number, responds to a real need for short-term financing by many people.

In this sense, one of the premises that must be fulfilled at all times by entities that include the provision of quick loans is to clearly inform clients about the conditions offered for the implementation of this type of financial services.

In this sense, it is necessary that any person who chooses at a given moment to request a quick credit must have clear some concepts that will mark the conditions to be fulfilled between the lender and the borrower, that is, the person who receives the money. The main ones are:

  • Capital: is the amount of money that the financial institution makes available to the borrower. It must be clear that the capital is not the amount that has to be returned, but the amount that is received. The amount that we will finally have to repay is the result of adding to the capital, interest, and commissions that have been included in the loan concession contract.
  • Commissions: Commissions are one of the aspects that must be taken into account, as they will largely mark the total price to pay for the credit. Thus, they are amounts that the lender charges to clients for certain procedures that are necessary throughout the process of granting and managing the credit. Among the most common we can find the following:
    • Study fees, derived from the work and management that the financial institution needs to develop before granting the loan to verify the client’s economic situation.
    • Opening fees, which respond to the formalities required for the formalization of the loan and the delivery of money to customers.
    • Commissions for modification of conditions, for the necessary procedures to change the clauses of the agreed contract.
    • Fees for early cancellation, in order to be able to collect, at least in part, the interest that is not received if the client returns the money before the agreement.
  • Term: The term is the period of time in which all amounts loaned to the borrowing entity must be returned. Within this agreed period, the commitment to return the money in a certain number of installments will have been included.
  • Amortization: Amortization is the payment of the amounts themselves. Therefore, in each installment that is paid, what is being done is to amortize a part of the initial capital.
  • TAE: These acronyms correspond to the initials of the Annual Equivalent Rate. This rate is used to compare 2 loans in the same period of time. In short, the APR is the interest rate associated with the credit, including the necessary commissions.

Where do I apply for my installment loan?

The time has arrived that many of us were waiting for, the big summer sales are already here. Because there is nothing like buying at a good price and with the good weather accompanying us. These rebates officially kick off on July 1, although some stores decide to start them a few days before to differentiate themselves from most since the well-known “liberalization of sales” stores can offer rebates at any time of the year and they are exempt from respecting official periods.

The opportunity of quick credits in sales

The sales are a very good opportunity to acquire products that we need or have been wanting for a long time at much more affordable prices than during the rest of the year. That’s why it’s worth not letting them pass. Therefore, if the sales have come and you do not have the money you need to buy those products you want, one of the best options you can take advantage of is to apply for a quick credit to pay for all those products that interest you. the rebate with which they count and, later, return the credit with more tranquility.

You can get up to € 900 to take advantage of the first few days of sales and get the best prices on your favorite products. For example, you can buy a bicycle to enjoy it during the summer, you can buy the new technological device that you have been waiting for so long, you can buy a tour package and get a sensational vacation or you can renew your wardrobe. There are countless opportunities and all you need is to apply for your quick credit and enjoy the money.

In addition, the rebates also apply to the online pages of brands, so if you do not have the time to go to stores you can always do so using a device with an internet connection. So, apart from money, you will also be saving time. As a curiosity is that, instead of the long queues and human avalanches to get the best bargains typical of rebates in physical stores, people now wait for them to give 00:00 to benefit from online sales and be the fastest from home.

If you are interested in getting a quick credit to take advantage of summer discounts, all you need is a device with internet access. From there you can access our website, which is where the entire application process takes place. You can request your hopefully installment loan in just 15 minutes and if the application is approved, you will have the money in your bank account in just 10 minutes, so you can enjoy it and start buying the best items of the sales. For more information, follow these 5 steps to request a loan online.

Enjoy the summer sales without impediments!

Get payday loans from 6.08% APR

The great variety of personal loans that exist in the market is growing. In recent years, the number of entities granting financing has increased, which is an opportunity for the consumer. In addition, the improvement of the economic situation has resulted in us finding cheap personal loans.

What is considered cheap personal loans?

In the market, we can find a wide variety of consumer loans. However, not all have good conditions. For this reason, to label a product as a cheap personal loan, it must have a cost lower than the average of the type of credit that we hire.

  • If we talk about mini-credits, your average interest is 1.1% per day, that is, for a loan of 100 euros to be repaid in 30 days we will have to add a cost of 33 euros. Therefore, any price below the average could be considered cheap, like any credit with discounts and offers that make a loan even free.

  • Spanish consumer loans tend to have an APR that ranges between 7 and 8%. Therefore, any product whose interest is below this figure will be considered as a cheap personal loan.

In addition, one of the advantages that we find as consumers are that there are specific payday loans to carry out a project- Payday Loan Online Application- Same Day Payday Loans Instant … Therefore, we can request it if we plan to reform our home, hold a celebration or go on a trip for a few days. Contrary to what may seem, we will not find worse conditions in these cases.

How do I identify a cheap personal loan?

If we are looking for cheap personal loans, the first thing we need to know is in what situation the current credit market is. Knowing the average APR established by the Bank of Spain can be a good way to start. This indicator will allow us to discard those products that, although at first, we may have found them interesting, have a much higher percentage.

From here, the time has come to look for easy and quick personal loans. One way to identify consumer loans with good conditions is by accessing comparators such as HelpMyCash. In these websites, we will find a wide variety of products that are marketed in the market, which will help us access those that best suit what we are looking for. In addition, we can obtain a detailed report of the cost of several of them if we enter the amount we need, the term or the interest we are willing to pay.

Depending on the conditions, we can select the most appropriate options and with the lowest possible interest. Then, the time has come to request information from various entities to know whether or not they grant us the money we need and what is the cost that we will have to pay. Making numbers is essential to make sure we are making the best decision.

Beware of hiring a cheap consumer credit

Before hiring personal loans online, it is not superfluous to have very clear the steps that are detailed in the following infographic, which will help us find the cheapest loans and with the most suitable conditions for us.

However, the key to finding the best financial product is always to compare and keep in mind what our financial situation is. The action of comparing can be done finally through the free tools that make HelpMyCash available to all users and that allow analyzing the different credits off the market quickly.

What expenses can a cheap personal loan have?

Cheap personal loans are those that do not include commissions or linked products. If we want to ensure that the product for which we have decided will not increase in the future, it is advisable to read the fine print of the contract before signing. Normally, these added expenses will also depend on the way we go to obtain financing. Consumer loans that commercialize entities usually include aspects of this type. However, the same is not true if we go to private companies.

If we know what are the aspects that can make us end up returning more money than we had calculated with the capital and interest, here are some expenses that can make a cheap personal loan less so :

  1. Commission study. Although it is unusual, we may pay an amount for the entity to study our financial profile to decide if we are eligible or not to receive credit. Only and exclusively we will have to face this expense if we finally hire the credit that we have requested.

  2. Opening commission. It is one of the most common commissions and is applied to cover the expenses incurred by the entity when granting the credit, for example, administrative ones. If the entity applies this commission, you can try to negotiate with it its elimination or, if this is not possible, a reduction, although probably ask for something in return, such as a greater link.

  3. Commission for early repayment. We will only pay this penalty in the event that we have enough money to repay the credit before the term that appears in the contract. This commission is regulated and can not exceed a certain percentage that varies depending on the term remaining until the expiration.

  4. Notary costs. The obligation to sign the contract before a notary is usually typical of large personal loans. If this is our case, we will have to pay this additional expense or opt for another product from the market that does not include it.

Before applying for a personal loan without a guarantee, we must take into account the previous costs and how much the consumer credit for which we have decided will increase. To avoid that the numbers that we had calculated have nothing to do with those of reality, it is advisable to read the contract before signing it and make sure that we understand all the conditions that appear there.

Are there free personal loans?

Although 0% consumer loans may appear to be cheap personal loans, this is not always the case. If this figure corresponds to the TIN, it means that we will not have to pay interest. However, this does not mean that a product with these characteristics cannot include some type of commission or require contracting, for example, insurance.

If we really look for cheap personal loans, we should look at the APR. This percentage will give us an idea of the total cost that we will pay for a certain consumer credit. In the case of being zero, then we will be facing personal loans without commissions or interests. However, even if the APR is 0%, we must monitor whether they require the hiring of other related products of the company.

Let’s see an example

A loan of one thousand euros with a repayment term of one year and an interest of 5% would generate a total interest of 27.30 euros. Your APR would be 5.11%. Now suppose that the same loan has no interest, but has an opening commission of 2% and a study commission of 2%; In total, 40 euros of expenditure. In this case, the APR would be 7.86%. In other words, a 0% TIN loan is no guarantee that it will be free. Only if the APR is 0% will we know that the loan has no interest or commissions.

Take care of your wallet: Canada's worst financial scams

Image result for walletNowadays, there is no shortage of people who are ready to do anything to rip you off. There is also a lot of way to do it. With the Internet, and the number of people who have a cell phone, stealing people’s money has become a lot easier than with a gun.

According to the Better Business Bureau of Canada, over the last two years Canadians have lost more than $ 1 billion through scams of all kinds through the internet, telephone and mail. We do not call the scammers “artists” for nothing. Thieves have made it their job and have become very good manipulators, especially with the elderly, people looking for love in the wrong place and young people who are starting to use credit cards.

Here is a list of the major Canadian financial scams you should be wary of.

Fee or deposit to receive a loan: the scam

Fee or deposit to receive a loan: the scam

This scam is aimed at people seeking a loan, whether for their home, car or business. In recent years, this scam has allowed criminals to steal more than $ 1 million across Canada. It happens when people deal with a bad loan company and they are asked to pay fees in advance to be approved. The victim, desperate to receive significant funding for her rushes and gives her money. Unfortunately, she will not see either the loan money or the deposit money.

How to avoid this scam

Be aware that in both Canada and the United States, it is illegal for a financial company to charge fees in advance. If the company you want to do business with does not have a recognized name or reputation made or is not listed in the Better Business Bureau’s database, it’s probably a scam. If you are unsure about the contract you are being offered or are simply suspicious, be careful and take any additional steps necessary to ensure that you will not be scammed.

Help me! You are my only hope!


This scam usually targets the elderly and has resulted in nearly $ 2 million worth of loss across the country in the past two years. The victim will receive a call from someone claiming to be a parent, perhaps a distant grandchild, whose voice may not be recognized immediately by telephone. They will often have personal information about the victim to make them believe that they are a true family member. The scam artist then asks for money under the pretext of being imprisoned and has no one else to help him pay his bail. Or maybe he is sick and needs money to pay for the treatments. The crooks will ask for money in their accounts and then the victim will not talk about them again. In addition, the victim’s banking information is often compromised.

How to avoid this scam

How to avoid this scam

As you already know, just about everything is done online nowadays. If you have a Facebook account or similar account, a talented scammer can find anything about you and use it to his advantage. Unless you are 100% sure that this person is your relative or have confirmed your identity with another family member, do not hesitate to hang up and never transfer money to anyone you do not know. have never met before.

CRA tax scam


This scam has cost more than $ 3 million nationally since its inception in 2015. A person will receive either a call or an email, in the form of an automated message claiming to be the Canada Revenue Agency (CRA). The message will state that the person has not paid a portion of his taxes on his income and owes a large amount. A serious voice will say something like this: “warning, do not try to ignore or delete this message, you must (X amount), and you will be fined or stopped if you do not contact us immediately. You can contact us at the following number (…) and can get in touch with one of our “agents”. The most annoying thing about this is that the Canada Revenue Agency is a real organization, so they can actually contact you and it has to be serious. So once you call them back, the scammer will manipulate you and ask you to pay a credit card or ask for your bank account information, and your money and identity will be compromised.

How to avoid this scam

How to avoid this scam

The most important thing to know is that the CRA will probably never ask you to pay anything, tax or otherwise, over the phone or over the internet. If they do, they will certainly not send you an automated message or email. If you do not know if the message is real or not, go to the CRA’s official website where you will find a phone number to contact them about any request, and they will confirm whether or not you owe them money. If you have been the victim of one of these scams, your credit card will be canceled immediately and contact your bank so that your information is modified or protected.

The secret buyer

This scam is a job scam and makes fun of people looking for serious work. This resulted in losses of nearly $ 4 million in Canada. In this case, the victim will receive a job offer, usually by text message, in order to become a secret client, who evaluates the customer service of various stores while spending the employer’s money by buying things with a “certified” check. Catches it? He asks the victim to return unspent money, which is done through the person’s bank account. Once it is too late, the bank contacts the victim to say that the check has bounced.

How to avoid this scam

Be careful, since the money will come in the form of a check, it may take several days for it to be processed and then, prove to be wrong. No one will offer you a dream job without you looking for it. Plus, no company should charge you anything. If this has happened to you, the money you have returned may be lost, but you can at least contact your bank and it will take the necessary steps to protect your banking information.

Private sellers

Private sellers have recently cost Canadians more than $ 5 million. This scam usually occurs when someone is looking to sell or buy something online in classifieds sites like Craigslist or Kijiji. If you are looking to sell something, the scammer will send you a check in excess of the amount requested. He could say that it was a mistake to cover the shipping costs. It will allow you to cash the check while returning the difference in cash. If it’s a purchase you make, the scammer could ask for the same thing. Pay for it by providing cash or using a credit card. In either case, you may not receive either the money or the ordered item.

How to avoid this scam

First, you must never transfer money to someone you do not know on the internet. If you or someone else has something to buy or sell, make an appointment and have some cash. If you receive a check for a higher amount than agreed, it is most likely a scam.

The impostor

The impostor

This scam is also called “spearfishing” and has cost nearly $ 6 million in recent years. The victim receives an email or a phone call, supposedly from a reputable company. It can be a bank, an online store, or any other website that she has had to do in the past. The scammer tells her that her account has expired and that she may have to download other software to protect herself from cyber attacks. One can expect a conversation that goes as follows: “Hello, here Windows, you should update the security of your computer. Think that giving a credit card number will solve all your problems is wrong. You would be simply scammed.

How to avoid this scam

The hustler may have set up a website similar to your bank’s or any other website you’ve used before. If you receive a link, be on the lookout. If you are unsure, check the website of the company you are used to dealing with directly and contact them yourself. In any case, do not give your personal information or credit card number. If it’s already done, cancel your credit card and erase the hard drive from your computer. Once you download the software suggest, the hustlers will be able to monitor your keystrokes on your keyboard.

Investment fraud

This scam has been around for decades and has cost Canadians more than $ 6 million in recent years. A scammer will give you the chance to invest in a company or product that would earn you a huge reward with little risk on your part. Of course, if you give them money, you will never see that money again. Simple but effective in many cases.

How to avoid this scam

How to avoid this scam

There are no investment opportunities that have little or no risk involved. If the deal seems too good to be true, it’s probably the case. Never invest in a product or company that does not have a solid reputation, and if you are not sure, always get a second opinion from a financial expert.

Congratulations! You won the lottery!

Another classic in the world of scams that has wreaked havoc over the phone, email or internet. In recent years, the false lottery has cost Canadians more than $ 6 million. A person receives a letter, an appeal or an email from a company, claiming to be a recognized lottery organization, to attract attention. The message will indicate that you have won a sum of money or other prize. All you need to do is send back the fees to claim the prize. It will be relatively expensive, between $ 30 and $ 50, probably in cash to avoid suspicion. But again, as soon as you have sent the money, you will have no news. And will not receive any lottery prizes.

How to avoid this scam

As with all other scams, you can recognize fake lotteries. The messages you receive will be vague and poorly written, will have big numbers and lots of exclamation points! These are small tactics that they will use to distract from the fact that the message in question is just good for the trash. No official lottery organization will call you one day to tell you that you have won a prize for no reason. If you receive this type of call, hang up right away. If it is a letter, throw it away. If you have never opened an account with an official lottery like LotoMax, the scam email will go like this: “You won !! Come to see !! ” You only have to delete the message even before opening it.

The hard heart

Responsible for a loss of 15 to 16 million Canadian dollars over the last few years, the fishing scam is the most successful on the market. The most vulnerable people are those who seek love. Across the country, people subscribe to online dating sites, especially those that are free. They will start receiving messages from someone who is not only attractive but also awesome in every way. After a while in the online relationship, this person will expose a tragic story and need money to get through this difficult time. If the scammer is good enough, the victim will be tempted by the affection and will provide the money. This game to continue for weeks, asking for more and more money, while refusing to meet the victim.

How to avoid this scam

If someone, no matter what he looks like or whatever his speech, asks for money online, it’s a scam. Never divulge your personal or banking information online, especially if you do not know who is asking for it. If you use a website, make sure it is certified. Of course, some charge fees, like the case of E-Harmony, but it is to maintain the good reputation of the site. Anyway, do your research properly and do not skip head over a person just because it uses attractive photos.

There are many ways a person can use to scam you. She can be clever and charming. The key is to always think first about what is asked. Money, everyone wants it, everyone needs it. So, if it does not come from someone you know or from a recognized business, contact your bank or credit card company as soon as possible. They are used to these cases and will find a way to help you get back on your feet.

Loans without a Credit Bureau for this return to school

Image result for loansThe Loan without Credit Bureau can be your great ally in this back-to-school season in which many families still do not know what will happen to those expenses that still have to be made before going back to school.

On August 20 thousands of children return to school and with them, many parents return to the accounts to make the economy flexible throughout the year.

The Systematized Information of Channels and Markets (ISCAM) pointed out last year that families spend around 3,000 pesos on each child in the return to school, between books and school materials.

Expenses during this school period are tripled and families seek an economic respite from the massive purchase that means the return to school and looking to pay for not resenting the effects during the rest of the year.

The consumption of tools in Mexican families

Image result for mexican families

Despite the fact that the vast majority of schools deliver the list of school supplies with time, slightly more than half of the families will make purchases this month, just a few days before the start of courses.

In this sense, the most visited places by Mexican families to carry out these purchases are the stationeries and the self-service and departmental stores, as well as the tianguis and the fairs of school supplies.

At this time the easiest solution for express purchases is loans without a Credit Bureau but

What happens if you do not have a very good track record?

Surely you have already been worried because you think that the credit bureau will be your impediment to solve the purchase of supplies and now you will not be able to ask for that loan that you need so much.

However, you should know that in the Credit Bureau we are all. Yes, this is how you read it. And besides not being as bad as it seems, it is not an impediment to ask for the ideal loan for you.

There are loans without a Credit Bureau

So is. There are places where they do not look for you in the Bureau. So there is no reason to panic about the credit bureau.

The Credit Bureau works in the following way: it is a company that records your financial behavior. It is a record that starts when you ask for some type of credit or you start your relationship with a banking or financial institution.

Your record is good as long as you have all your payments up-to-date or you have settled any loan or credit on time and form. On the other hand, if you have debts for a long time and you have not paid them off, it means that your record is not the healthiest.

The Credit Bureau serves banking institutions to see how viable it is to grant you a credit or not.

But not everything is as black as it seems.

The myths of the Credit Bureau

As we saw earlier, there are many myths about this private company that makes many people vulnerable because of the false information about it.

  • The Credit Bureau is part of the banks

This is completely false, since the information in it is used by banking institutions to check if you have a credit history (an important requirement for many financial institutions).

Its only function is to give information to the company where you made your credit application and so that the bank is aware of the regularity with which you make your payments. Based on this, it will be decided whether the loan is granted or not.


  • Not everyone is in the Credit Bureau

Anyone with a credit history, good or bad, enters the credit bureau. As we saw before, having a credit history is very important in several financial institutions to apply for any type of loan.

If you ask for a loan, it will be recorded in your credit bureau history. Every time you pay, that will become a good record for the request of future credit applications.

The Credit Bureau prevents you from applying for a loan

The Credit Bureau prevents you from applying for a loan

Not all financial institutions have a credit bureau to grant or deny a credit application. On some occasions, your negative record became like this because you delayed a payment in a timely manner.

This makes you an unreliable person and that is why you refuse a loan.

In institutions that do not look for information in the bureau and rely on other requirements such as financial solvency or payroll receipts to accept an application and continue with the delivery process. This is how you can get a loan without a credit bureau.

Take care of your history in the Credit Bureau

Now that the return to classes begins, you will surely ask yourself how to do it so that this expense is not combined with those debts that you have pending and that you still have to pay.

An immediate loan is what you need most to solve both things: complete for the purchase of school supplies and to finish paying those debts that still stifle your economy.

If you are a government employee for a year and you receive your payment via payroll, do not think twice! At Credifiel we have loans without a credit bureau.

With your payroll you can check income and get that extra support you need to survive without problems at the beginning of classes.

Why leaving your Christmas shopping for the last minute could be a good thing

Image result for christmas shoppingThere are only a few days until Christmas and people are already putting the finishing touches to their preparations: deciding the final dishes of the Christmas Eve menu, placing that missing tinsel, or looking for that essential New Year’s Eve accessory.

But what if you’re one of those people who has left their Christmas shopping for the last minute and you have to spend these final hours frantically looking for gifts for families and friends, running side by side? Well, you’ll be relieved to know that this could be a good thing.

There are studies on the decision-making processes that show that spontaneous purchases, of those that do not process much, could be the smartest way to buy.

We explain the reason.


The risks of thinking and analyzing everything too much

<strong>The risks of thinking and analyzing everything too much</strong>

In general, we usually consider that the more information we have about something, the better our decisions will be. But there are times when too much information can play in our purchase.

We make thousands of decisions every day: what to eat, what to wear, what to write on the mobile, and all this without mentioning the decisions within the work. But in those moments when we deliberate in an endless way about the pros and cons of some decision, we spend a lot of energy imagining possible consequences and predicting our instincts and abilities.

Many times we know what is the appropriate response thanks to the experience and information that we already have before. However, when we dedicate ourselves only to gather information, valuing some and other options, we can end up messing up what could have been an easy decision.


Why leaving your Christmas shopping for the last minute could be a good thing

Make a decision and move on

In his book Intuitive Intelligence , Malcolm Gladwell shows us the importance of the first two seconds when making a decision. One of the conclusions of the book is that spontaneous decisions are as valuable as those we weigh for a longer time.

We work best when we make instant decisions based only on the limited (but essential) information that we have available. Once we have this basic criterion, we are already in a position to decide. But many times we get obsessed with making the “perfect decision”, which makes us spend more time and energy, even though we could have taken a step much earlier and with less information.

Think about when you are looking for hotels online. Using basic criteria that we already have, such as location, price and services, in most cases we would be able to book a room very quickly. But what usually happens is that we get carried away by another heap of information, such as the opinions of other travelers, which lengthen the process unnecessarily.


Do Christmas shopping on the go

<strong>Do Christmas shopping on the go</strong>

And now, in the middle of the Christmas season, we fall back into the same error: we complicate the decision-making process so much that it lowers our efficiency when making these purchases.

Having less time to analyze more every detail of the perfect gift is, in fact, an advantage, and it is quite likely that you will make better decisions in this way.

So, if you’re about to run out to the mall to buy the gifts of your family and friends, trust your intuition and choose the first option. Not only will you save time, but also energy.

Happy shopping!