Micro Economic credit Federal

For anyone who is starting a new business, and needs capital to restructure the site, or another goal, they can apply for a personal credit or credit company. Even this type of financial product is offered to individual micro-entrepreneurs (MEI). So if you are a micro entrepreneur with billing up to $ 120,000 per year and are thinking of expanding your business, learn how to get micro entrepreneur credit economical cashier!

Achieving microentrepreneur credit savings bank – MEI

The MEI is an excellent company formed for those who work on their own, the entrepreneur needs to register at Entrepreneur Portal to get the credit lines back to MEI. So much is that for those seeking the bank Caixa Econômica Federal.

this one requests this accreditation. Only later, he can have access to the package aimed at individual microentrepreneur.

Microcredit cash can be a good option for granting credit as it offers the lowest interest rates. Caixa offers a line of credit aimed at micro and small business entrepreneurs who want to start a business of their own or expand what they already have. In addition, there are a number of benefits that Caixa offers when the entrepreneur seeks the bank requesting this service.

How does Caixa’s microentrepreneur credit work?

Microcredit is the access to a small financial resource, as the name itself says of up to R $ 15 thousand, aimed at those who want to open a business or for those who already own a micro or small business. This service is aimed at those who already face many difficulties to get the traditional credit options.
Crédito microempreendedor caixa econômica federal
The micro-entrepreneur can request this service by phone or even entering the website and filling out the form. Afterwards, the Credit Adviser will go to the place of your venture and make a survey to know the current situation of your business and your ability to pay.

He can see how the application for this loan can bring good results with the correct investment of money. Therefore, this service will facilitate the acquisition of the necessary resources for the small entrepreneur.

How to get credit for microentrepreneurs in the Caixa Economico

Among the requirements for applying for credit is that the microentrepreneur must: 18 years or more, must be an account holder of the institution for at least 90 days, the CPF must be regularized. The good thing here is that the bank does not ask for proof of income (credit more easily and less bureaucracy) and does not need guarantor. Thus, this process becomes less bureaucratic.

The amounts released in the credit for microentrepreneurs of the savings bank is R $ 300 to R $ 15 thousand and; according to each client. Already the interest rates are from 2.9%, but it depends on home situation. So, the main advantage is for those who have MEI is just in interest. Institutions provide much lower interest rates for entrepreneurs in this category.

And the term for payment of the loan is from 04 to 24 months, and for the first hiring, the term is up to 12 months to pay. In this case, check the conditions well before signing the contract to see if you will be able to organize and pay for the service later.

Another tip is that before you think about applying for a loan, it is very important that you have well defined where that money goes. It’s no use wanting to request the service if you can not clearly define what you’re going to do with it.

And yet it is good to be well-defined even for the credit counselor to release the money. Then look at the company’s situation and how this credit will pay off in the future.

It is good to know that before making the request you should really check the need to apply for this type of loan at the bank. The “microentrepreneur credit economical cashier” is geared towards your business so the bank will ask for more clarification on your planning and the benefits to your business.

In this case it is not worth lying or issuing information, this can only leave your dirty record with the bank. Recalling that Caixa Economico is one of the banks that present this line of credit option, but do not forget to search and compare the credit offers that other institutions offer.

Even though it is a good option, only a few banks offer this line of credit and the amount offered is small compared to traditional credits. To know more please contact 0 0800 or Caixa SAC ask for loan information for microentrepreneurs or visit here.

 

Upping Your Mortgage Payments

 

 

Most homeowners look forward to the day when they can finally pay their final mortgage payment and actually receive their home. Most financial advisers advise clients to try to reach that day before they reach retirement age. Unfortunately, not everyone has the means to do this, and instead he will still feel in debt when his long-awaited last business day finally hits. Some may not even be able to keep track of their mortgage payments when they retire and lose their homes.

According to the Consumer Financial Protection Bureau, the number of people who have not yet paid their mortgages is growing at retirement age. In 2011, the percentage of homeowners who have reached the age of 65 and is still owed on their mortgage was 30%, an increase from 22% in 2001. And for those homeowners who are 75 and older, it is percentage increased from 8. 4% to 21% 2%. The median mortgage debt for seniors also increased by no less than 82% at that time, from around $ 43,000 to $ 79,000. (For related literature, see: Taxing your pension with a mortgage. 

 

The increasing level of indebtedness of the American seniors could eventually become a major problem, which would affect the pension security of millions of seniors in the country. And although there are some advisers who say that holding on to a mortgage is a good way to lower a person’s income taxes – by writing off interest payments – most people agree that no debt is a good debt. Many seniors ultimately cannot enjoy their own retirement years in the way they had imagined because of their need to continue paying off their mortgages and other debts. 

Do retirees still need mortgages? 

 

Do retirees still need mortgages? 

 

To help prevent this scenario, some financial advisers suggest that their clients try to pay off their mortgages more quickly while they are working, so that they can be free and free during retirement. They propose designing a plan to see how much you can comfortably and for how long you can increase your monthly payments and then implement as quickly as possible. It is true that while this maneuver can reduce the amount that you have to invest each month in a savings or retirement plan, the relocation may even be more beneficial for your financial well-being in the long run. The stock market has seen an unparalleled rise in the last few years, but that will not last forever, and when it drops, your savings and investments will be. If you planned to use those savings to pay off your mortgage after you retired, you may be surprised that there is much less available when you need it. (For more information, see:

Do retirees have to pay their mortgage? ) Another possibility to pay off your mortgage faster is to make biweekly payments instead of monthly payments. If you do this over a period of one year, you will receive 13 payments instead of 12. So it is a way to reduce your debt faster without feeling the pressure. Or you can view the option to refinance your mortgage for a shorter period of time or at a better rate. Some people also choose to sell their homes, especially after the children have left, and move to a smaller home that is linked to a smaller mortgage (or a home without any mortgage). (For related literature, see:

Refinance your house after 50: does it make sense? Views on debts differ per generation

Refinance your house after 50: does it make sense? Views on debts differ per generation

People’s perception of debt has changed from generation to generation. Those who lived through the depression often tried to avoid debt at all costs. And they would never have considered retiring if they still had debts in their portfolios. But the Baby Boomer generation does not seem to have the same views. Some Boomers have waited until after they have retired to build or buy their dream home, putting themselves in debt again. Doing this is a big gamble that can not only increase your stress level, but it can also deny you the financial freedom you have worked so hard for. The goal, advisers agree, should be to have fewer fixed payments at retirement, free money for all those other things you enjoy doing, but haven’t had the chance to work.

To achieve your goal of peace of mind after retirement, many advisers recommend that you set up a budget so that you can think about how you can reduce part of your expenses and pay off more debts. Start paying off a credit card debt and then transfer to your mortgage. Or maybe deduct part of the money that you put into your pension fund and use it to pay off your mortgage at a faster rate.

working longer is another option to ensure that a large mortgage does not affect your pension. Even an extra year of working can do a lot to help you reach your goal, namely paying off your debt. The purpose of retirement must not only be to stop working, but also to reach a financially secure place. 

Work longer an attractive pension plan? The bottom line

One of the greatest joys of retirement is relaxing, knowing that one of your biggest expenses – your mortgage – is finally paid off. To do this, you must start planning now and reduce your debt while you are still working.