The Formula to Settle a Debt | Debt Consolidation

The problem of debt is to overcome the capacity of indebtedness, that is, to ask for more than what could be solved. To avoid paying more interest than what was borrowed, Tanya Watchsea, a writer specializing in personal finance and founder of, shares an effective three-step strategy to settle debts.

Organize debts, know the capital

Organize debts, know the capital

The idea of ‚Äč‚Äčorganizing debts is to know the total amount owed, the interests of each, the level of importance they have, but above all determine which is the least amount.

Additionally, it is important to know what the net income is, discounting the daily expenses, in order to determine what is the actual monthly amount to be used to pay the debts.

Start paying the smallest debt

Start paying the smallest debt

Once the debts are organized, with a little effort the smallest one is liquidated, so that the money that is free after paying it goes to the second one, and thus until managing to finish with all the debts reducing the levels of interest.

Generally it is thought that the ideal is to end the debt of greater interest, but in reality it is necessary to go little by little to have small profits on the way, since eliminating the smallest is a great advance.

Do not acquire a debt to pay another

Do not acquire a debt to pay another

Sometimes delays and high interest pressure to apply for a loan and solve a debt, or what many banks do is invite you to move the balances of other accounts in one. It is important to read the contracts well and know what is most convenient, since it is not always a good practice.

In this sense, the general recommendation is not to dig a hole to cover another hole. We must understand that credit only serves to grow when it is financially stable; Credit is not a bridge to get from one payment to another and is not an opportunity to plug financial holes. A credit is rather a lever.

Making Personal Loans is a Good Idea

Making a personal loan can be an excellent option in a huge variety of situations and circumstances where it demands the use of financial resources. First, let’s define what a personal loan is. Some personal loans are meant for a specific purchase or simply the release of funds for if used without purpose.

That is, in some types of personal loan you can buy a home (mortgage loan) with the mortgage mortgage, you can also buy a car with a (auto loan) and if you want to pay for college, it is possible to use a student loan.

But a personal loan can be used for just about anything. Some lenders want to know what you are going to do with the money you borrow, but note, as long as you have borrowed money without legal purpose, you can do whatever you want with it.

But what does it mean? Let’s understand, with a real estate mortgage, your home is the collateral to get the loan. Similarly, with a car refinance, the car you refinance is the collateral. Do whatever you want with the money.

Because a personal loan often does not need collateral – it’s calling it “unsecured” – obviously the interest rate is likely to be much higher. But, there is also secured personal loan if you wish to lower your interest costs.

Here are five circumstances where a personal loan might be a good idea.

Consolidate Credit Card Debt

Consolidate Credit Card Debt

If you have one or more credit cards charged at maximum interest, you can get a personal loan to consolidate all invoices into a single monthly payment.

This action makes this scenario of lowering interest rates even more attractive: the interest rate on the loan may be considerably lower (6% to 8% per month) than your credit card rates (average 12% to 16% month).

Refinance Student Loans

Refinance Student Loans

Student refinancing loans can provide some financial relief. Your student loan interest rate can be 6.8% or more, depending on the type of loan you have.

But you can get a personal loan with a lower interest rate that allows you to pay your loan (s) faster.

Here are the problems: Student loans come with tax advantages. In addition, if lawmakers offer any future loan forgiveness programs in addition to the existing ones now, their refinanced student loans would not be eligible.

If you use a personal loan to pay for all or part of a student loan, you will lose the ability to deduct your interest payments (when you file your income taxes) along with the benefits that come with some loans, such as tolerance and postponement.

And if your balance is sizeable, a personal loan will probably not cover you in any way.

Financing a purchase of goods or services

Financing a purchase of goods or services

Financing a buyer will depend a lot on what your need or your goal is. If you are wanting to take out a loan to buy some any durable, mobile or service, getting a personal loan serves well to pay the seller in cash or to carry out a finance through banks, financial or credit company.

Never make a local funding decision without first researching. Ask the seller a special offer and compare what you could get through a personal loan at your preferred lender. Once you’ve done that you can decide which is the most complete and inexpensive choice.

Financing a Wedding Party

Financing a Wedding Party

Either we hold a big event in our life as a wedding – it’s a fact that you’ll end up putting all your resources and strengths in order for everything to work out, use credit cards, credit limits on the no-power check will not be casual.

For this, a pre-approved personal loan or a payroll loan or a consumer finance for this large expense can save you a considerable amount of interest rates as long as the interest rate is lower than that of your credit card – any type of loan is valid.

Improve your score and credit score

Improve your score and credit score

A personal loan can help in increasing your credit score in two ways. First, if your credit report mainly shows debt from many credit cards, a personal loan can help in “combining debts or consolidating debts.” Having different types of loans can generally favor your score.

Secondly, you can lower your credit utilization rate which is the total amount of credit you are using in your credit limit.

The lower the value of the use of your total credit, the better your credit score will be. Making a personal loan to pay off the card’s debts will increase the total amount you have available to use on the card.


The personal loan in general are very useful, cater to the various suitable or unexpected circumstances. For example, most people can not pay cash to buy a home, but by making a mortgage loan, that need is met with success.

However, make sure you consult a reliable and secure financial institution to make your personal loan applications.

Choose Loans for Companies Without Certificates and Save Time!

In the past, applying for a company loan was a very long and intricate procedure. Banks approached business customers with reserve, which meant that the list of requirements was very long. Today, loans for companies are already available much easier – also without certificates.

One of the most time-consuming elements in the process of applying for a loan is collecting documentation. Institutions often require submitting registration documents, documents from banks, accounting documents, as well as documents issued by the Tax Office and the Social Insurance Institution on non-payment with repayment. Getting all this documentation can take us a few days in an optimistic scenario. This is how long our waiting time for a loan will be extended. But what to do when the money is needed right away?

In this case, it is best to look for loans for companies without certification – then we will not have to provide any documents. Basically, all you need is your ID card and the loan application – everything can be done in a few minutes!

company loan without certificates – where can we get it?

company loan without certificates - where can we get it?

Loans of this kind are currently offered by banks as well as by non-bank companies. However, certain restrictions appear.

Bank loans without certificates are available for both new and permanent customers. Long-term companies that have an account in a given bank for a longer period of time, can apply for loans even via the Internet – just a few clicks to receive funds at their disposal. The bank may offer even a higher sum because it calculates the client’s creditworthiness based on the operations on his account. New entrepreneurs who are just starting their business can also count on loans for companies without certificates, but only for smaller amounts – usually up to around PLN 10,000 – 30,000.

Of course, banks accurately screen customers in virtually all debtors’ databases. Problems in paying off debts even a few years ago may miss the chance of getting a bank loan for the company.

In turn, loan companies offer loans to companies without certification on more attractive terms – also via the Internet. Almost all companies that need quick financial support can apply for it. The main conditions for obtaining a loan are to have a current ID card, a permanent registered address in the country and to correctly complete the application.

Apply for a loan without Abseloan certificates!

Apply for a loan without Aasa Dla Biznesu certificates!

Our installment loan at Abseloan is also a loan for companies without certification – it is available on-line. We do not require any documents, such as registration, accounting or banking documents. In addition, our clients do not need to have any collateral or security to get a loan.

When you also need additional financing for your company, you can submit an application on our website even at this moment – all you have to do is to select the loan sum and its period, and then follow the instructions on the website. We invite you to take advantage of our offer in Abseloan!