Advice before a reunification of loans In the financial report

“In consumer and products” that the OCU issued, the reunification of debts by means of intermediaries advises against, since these usually acquire discharges commissions on watch. Before an imminent situation of economic crisis many people consider to reunify their debts and loans in only one, which can be in many cases an excellent alternative, nevertheless, to do it through an intermediary can not be so positive.
The Organization of Consumers and Users, private association that offers to consultant's office and information to the consumers, published a report where she recommends the families who are considering to reunify their loans that before doing it by means of an intermediary are better to consider other options of credit as to even ask for a familiar loan without interests or with interests very low, advance payments of company or an extension of the mortgage, if the quantity to solicit solely is lifted because it is necessary to invest in expenses of notary's office, registry and diverse taxes.

The reason for which the OCU advises against to go with financial advisers is because these usually acquire discharges commissions on watch, in addition the service that they provide is one to that the interested one can accede by its own means. Also they recommend to kindly watch the cats and commissions and coverall to negotiate them, because a banking organization will almost always be arranged to modify them if doing it is going to have a reliable client. When one is to invest the savings, they recommend “to by all means invest safe envelope” in organizations supervised by the Administration and that counts on their registry in rule. It advises that to go to a personal credit he is something that must be made solely in necessary cases, coverall advise against to do it when the amount is low because it is there when the interests are higher. An excellent option to multiply our savings is to avoid to accumulate them in current accounts, the best thing is to diversify the investments and to make

How the fast credits are regulated

The Law of Credit to Consumo establishes certain regulations that all the credit organizations are forced to fulfill, nevertheless does not stipulate anything about the “fast and easy credits”. With the enormous height of the fast and easy credits it is logical to ask to us about the regulations that by law these must accept, and although it seems uncertain does not exist no legal limitation for the types of interest of this type of credits, that can reach to annual 20%. Despite the credits to the consumption, that can finance from vehicles, trips, electric home appliances, etc., that are of 150€ until 20.000€ must fulfill the regulations that the Law of Credit to Consumo stipulates.

In her one stipulates that all the contracts must consist in writing the conditions of the contract, the Equivalent Annual Rate, the regularity of the payments and the term and the elements that are included in the total cost of the loan. What yes it is very clear in this Law is that each financial company necessarily is forced to grant, before the company/signature of the contract, a document with all the conditions of the credit. To this documents the binding supply is considered him and forces the credit company to respect what it is stipulated there, during ten working days. Another obligation that these companies must fulfill is to mention in its publicity the type of interest T.A.E., nevertheless nothing is said about the small letter that still exists in some contracts and that work like a trap where many trusting clients in the conditions that its banking organization promises to them, fall easily.
Most advisable it is to have extreme well-taken care of with the contract then in that document include absolutely all the conditions of the loan, also is important to make use of the right own the Binding Supply, because in those ten days of validity we can study conscientiously the loan and decide if to sign it or no.