How is your Credit Score (FICO®) formulated?

Your credit report contains different types of information that is used to calculate your credit score. No one knows exactly how your credit worthiness is calculated but the Fair Isaac Corporation (FICO ® ) page gives a very good idea. This graph reflects how important each of the categories that affect your score is.  …

Credit vs. Banks: Which is Best?

Since the financial crisis in 2008, many consumers feel a traditional large bank can no longer be the best place to keep their money. Credit unions are an alternative solution, with over 6,000 available in the United States. Most Americans still belong to one of the major banking companies such as Good Finance & Company…

Assignment of claims – how does it work?

Long-lasting debts are a problem not only for the consumer, who brings debt collectors and the risk of bailiff enforcement. It is also a big trouble for a creditor who may be in financial trouble for some debts. However, the debt may change the “owner”. To do this in the majesty of the law, the…

Price increases for the holidays and demand for loans

November 28 2017 Poles are lending more and more, which does not mean that they are getting worse. Salaries are rising, along with the demand and creditworthiness of individual consumers. However, this situation has the other side of the coin, inflation is also rising, which means price increases. This year prices have been rising fastest…

The mortgage loan in Europe is doing well

What is the reality of the mortgage market in Europe? The latest study published by Finance Crediter Bank answers this question. The conclusions are clear: the activity is dynamic, despite strong disparities between countries. Most of the credits subscribed in Europe concern real estate More than 6 billion euros! This is the amount of outstanding…

Credit and loan – what is more profitable?

September 17, 2018 Credit and loan differ in many ways. The main difference is that the loan is taken from the bank and the loan from the non-bank institution. What is the difference between a loan and a loan? First of all, the amount, loan period and cost. If you don’t have time to read…

Loan Insurance: Why Change Borrower Insurance?

Have you heard about the Bourquin law ? Effective for all mortgage insurance contracts since 1 January 2018, new legislative means freedom and savings to all consumers who wish to break the contract of insurance of their mortgages in particular. But why is this good news? The borrower’s insurance change is now! Real estate loan…

Cash machine – loan for proof of how it works.

    Cash machines, i.e. devices enabling the loan application to be filled, have become a solution for many consumers for a temporary lack of money when shopping. Half a year has passed since the debut of these machines on the Polish market, which is why we decided to check whether this method of reasoning…

Installment loan – where we can borrow the most

Installment loan with bad history in Retrodatabase An installment loan is an alternative solution for people who, due to a bad credit history at Retrodatabase, face a bank’s refusal and know that the payday loan will not cover their expense, nor will they be able to pay it back within 30 days. Admittedly, Daily Credit,…