To improve your credit rating.

 

Your credit rating or any other name and your ENT rating are the names given to the records where your financial history with banks is kept. In order to increase your credit rating, you must first establish a working order with banks. Here are the situations that lower and raise your credit rating:

You should pay attention not to drop your credit rating;

You should pay attention not to drop your credit rating;

1. If you have any disruptive loans, you should arrange them. If you have difficulty paying, you can go to the bank branch to extend the maturity and reduce the amount of installments.

2.Do not expire your credit cards due date. If you cannot pay your full statement debt, pay the minimum amount . Paying the minimum amount does not lower your credit rating.

3. Install your credit card payments according to your monthly income. Use a small number of high-limit credit cards rather than multiple credit cards. This will make it easier for you to track your payments.

4.Do not apply more if you have had your loan request rejected at several banks. Any application that is rejected will lower your credit rating.

5. Pay your credit or credit cards with automatic payment instruction if you have the possibility. In this way, you forget and eliminate the risk of late payment.

6. Check if you owe the banks before making any address or telephone changes. Because even very small debts can not reach you, the banks can follow up (foreclosure) status.

My credit rating is low, so in this case, if you say how I will use credit; You can benefit from our article Nasıl How can people with low credit ratings withdraw credit? ”

Here’s how to upgrade your credit rating:

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1. Start if you do not work with the banks. A person must work with banks in order to obtain a credit rating. A person who does not work with banks does not help the majority of banks in the credit process. Because he doesn’t see the payment scheme.

2. Place an automatic payment order to your credit card, your credit card will be active all the time, in which case your credit rating will be increased.

3.If you have a high demand for credit in the future, you can withdraw and pay small loans. It will improve your credit rating and make it easier for banks to give you high credit.

4. Close your small limit credits to get high limit credits from banks. Even if you pay your bank loans regularly, your credit and credit card debt may be low. Your credit rating increases as you pay to banks.

For more information on how a credit grade is calculated, see our article Nasıl How to calculate a credit grade ”.

As a result,

According to the accountworm finance experts, the only difference of banks from tradesmen should be more institutional. If your payments are regular and your debt is low, banks will always respond to your demands positively.

How does consumer credit work? How do I get it?

Want a new car, to change your bathroom, to simply go on a trip …? Consumer credit can be the solution to finance your projects. The operation is very simple: a bank (the lender) makes a sum of money available to a client (the borrower). In return, the borrower agrees to repay the loan amount, with interest.

Several conditions must be fulfilled to obtain consumer credit.

How to obtain consumer credit? 

bank

To be able to obtain a consumer loan, several conditions are required by banking establishments. First, you need to:

  • To be of age,
  • Have taxable income in France,
  • Not be registered in the National File for the reimbursement of Credits to Individuals (FICP).
    To get the green light from the bank, you must also demonstrate sufficient income.

What are the different types of consumer credit?

Two main categories of consumer credit are available:

  • Affected credit: it corresponds to the purchase of a specific item of goods or the provision of clearly defined services. To qualify, you will need to provide a quote and then an invoice. It is a form of credit that lends itself very well to the purchase of a car, a motorcycle, or to do work for example. You do not start to repay the monthly payments of your credit until the delivery of the goods or the provision of the service.
  • Unallocated credit, also called personal loan: is based on the possibility of using the loan amount in a totally free manner. You do not have to justify the use of this credit.

Amounts available with consumer credit

Amounts available with consumer credit

By subscribing to consumer credit, you can obtain variable amounts from 200 to 75,000 $, and repayable over a period of at least three months. This great flexibility allows you to finance many projects with a credit, ranging from the purchase of small equipment for the home through a car or even the financing of a wedding …

The time between a loan agreement and release of funds
In the context of consumer credit, you will not have the funds immediately because of a withdrawal period of 14 days as provided by law. It is, however, possible to adjust this period, at the discretion of the bank. In the event of an express request from you, this withdrawal period may be reduced to 7 days.

The repayment of consumer credit
Do you meet all the criteria to obtain a consumer credit? Have you received a positive response from the bank and the funds have been transferred? Then begins the credit repayment period.

The monthly payments are fixed, known in advance (thanks to an amortization table) and reimbursed on a fixed date (for example the 5th of each month). Your monthly repayment is then composed of a portion of capital and interest which constitute the remuneration of the bank for having made the funds available to you.