Credit Card Debit Card Which Better?

Most money transactions are done electronically,

Most money transactions are done electronically,

People are offered to do all these transactions with credit or debit cards. However, the majority of the public is still not fully aware of the difference between these two payment cards and what opportunities each of them offers. An explanation over at

It may seem that there is no big difference between a credit card and a debit card, but in reality there is a very significant difference between the two. A debit card is a payment card that can be used to pay for purchases in stores, for example, to pay for bills on the Internet. A debit card can perform the same basic functions as a credit card – cashless payments in shops, on the internet, as well as cash withdrawals and cash deposits at ATMs. However, the main feature of this payment card is that a person can only pay with the amount of money in the bank account linked to the debit card. Once all the money in this checking account has been spent, it is no longer possible to buy anything with the debit card. In other words, a person can only spend money in the bank account he / she owns.

Conversely, a credit card can be used even if the money on the person’s account is fully spent – the balance of the account is 0. When concluding a credit card agreement, a person agrees with the bank that a credit limit is also set for this payment card. It works just like a cash loan – in a situation where one’s own money is spent, one can continue shopping, but that money will already be a credit that the credit card holder borrows from the bank. Of course, the loan amount must then also be repaid. Similarly, the loan is subject to interest, which is payable on the principal of the additional loan. However, most banks offer the option to repay the loan within 30 days, but do not charge interest on it. If the money is not fully refunded within one month, the bank will also calculate the amount of interest due.

Other advantages to a credit card,

Other advantages to a credit card,

for example, it can also be used when the card itself is not with you. A person can name the card number and the relevant details for billing purposes. Credit card allows you to book hotels, airline tickets. A credit card is a more reliable form of payment abroad – often a debit card is not enough to make a variety of payments or reservations abroad. However, over time, debit cards are modeled internationally so that they can be used in a similar way to credit cards. There are various discount programs available on both debit and credit cards – you can buy cheaper concert or theater tickets.

It is impossible to say that a credit card is better than a debit card because each person uses their payment card for different purposes. Those people who frequently travel abroad or just travel a lot should definitely buy a credit card that can help them settle abroad. As a result, special business credit cards are offered to various companies to give them privileges on such business trips. However, if a person wants to buy a credit card, it should be borne in mind that they also have to make annual payments. The more prestigious and better your credit card, the more expensive you have to pay each year. As a result, those people who only need a payment card to shop at a store, make bill payments, or make purchases over the Internet do not necessarily need a credit card. These features are also offered by a debit card, which is relatively cheaper than a credit card.

When choosing between a credit card and a debit card, everyone should understand what the card will do – if you need to go abroad on a regular basis, it is better to buy a credit card. If you just need to withdraw money from your account – then a debit card is enough. In addition, if a person has a credit card, they may inadvertently overdraw their funds. Because there is a credit limit on the credit card, it is easier for a person to spend money. However, if you use a debit card, you can never be overpaid.

When choosing between the two cards, you need to find out what benefits each one can bring. Each bank also has several types of payment cards, which definitely need to be compared and researched which one is most appropriate and beneficial for people. There are also different levels of credit cards that provide different privileges. Of course, this also changes the cost of using your credit card.

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Reasons for having a bad credit history

Therefore, we prepared a list of the most frequently reported reasons, which influenced our credit history and influenced its negative assessment.

No timely payment

No timely payment

The main reason why our credit history is getting a negative rating is any delay in paying off your liabilities. There is nothing worse for our creditworthiness than late payment of loans and other financial products . 

BIK himself confirmed the information that it is the emergence of arrears and delays in repayment of all financial liabilities that is the factor that most strongly affects our credit history. 

The timeliness of repayment of liabilities is the most important parameter for calculating banking scoring , through the prism of which all analysts consider loan applications. So if we receive a negative credit decision, there is a good chance that the reason for this was the old delays in repayment.

Difficult contact with the Consumer

Difficult contact with the Consumer

Even the most responsible clients of banks sometimes have problems with timely repayment of debt. So if we find ourselves in a difficult financial situation, the first thing we should do is contact the bank immediately . 

To avoid serious consequences of our delay in repayment, in most cases you only need to call your lender, explain the situation to him and, if necessary, document the reasons for it – for example, terminate dismissal or send confirmation of expensive treatment. 

When showing the initiative, we will certainly be able to negotiate a favorable agreement with the bank (eg holiday suspension of installments). However, if we do not only contact the lender, but also sell his calls or letters, we will quickly earn a negative consumer opinion .

Exceeding credit limits

Exceeding credit limits

Our credit history is also affected by the fact that we have exceeded the credit lines granted to us by banks (debits on the savings and settlement account or credit cards).

That is why, if we decide to open a debit or make a credit card, we should use these products in a wise and thoughtful way . 

It is not true that if we have a debit granted, we can use it at will without consequences. The degree of utilization of the available limits affects our banking scoring . There is no problem if we use the available limit once every few months, but if the situation is repeated constantly, the bank will decide that we can not deal with finances and give us a bad opinion .

Falling into the spiral of debt

Falling into the spiral of debt

The negative assessment of our creditworthiness is significant, if not primarily influenced by the loss of control over our finances and multi-level indebtedness resulting in numerous delays in repayment . 

People who fall into a spiral of debt usually decide to take out new loans, not coping with the repayment of their original obligations. Secondly, borrowed money is trying to regulate current fees, but the trail after all the loans taken is left to BIK. 

As a result of multi-stage borrowing of cash, Consumer debt is not only diminishing, but also growing. Subsequent loans generate further, even higher interest rates, and even if we manage to get out of this spiral of debt, the banks will know that once we have lost our sense and control over the money, it can happen again . Hence the negative assessment of our credit history.


credit problem

The last point, which – although many seem to be unobvious – strongly affects the negative credit rating of our person, is the lack of any credit history. 

A zero credit history is a negative credit history . If you do not show information about your previous cooperation with the bank and the actions taken, and so generally speaking – the credit history, banks will not know what they can expect from you. 

Credit analysts debating the approval of your loan application will not have anything to resist in their analysis and will do the safest thing – they will give a negative credit decision. In order to count on a positive consideration of the application, you must be known at BIK and have liabilities settled or still paid .

Categories: Investment

Benefits Of Credit Cards.

Credit cards in Latvia are not as widespread as in other parts of the world,

Credit cards in Latvia are not as widespread as in other parts of the world,

Banks and private credit institutions are showing people that credit cards can be a very good financial tool in many different situations. And that’s why I’ll give you a few reasons why everyone should consider using a credit card today: More information at

Reasons why everyone using a credit card

Reasons why everyone using a credit card

  • Bonuses – One of the best conditions for credit cards is that when you buy these cards you can get many different bonuses that you will get for using the card. These bonuses take many forms ranging from percentage refunds to airport ticket discounts and other similar offers. But with these cards that offer these bonuses, be careful, as these cards usually have a much higher percentage of credit and can therefore quickly accumulate a large principal amount.
  • No Overdraft Interest – Borrowing money with a credit card, if it is repaid within the first 30 days, you will not have to pay interest on that loan. This means that a customer who has a credit card can get an interest-free loan every month, but you have to pay that money back within 30 days, otherwise your credit institution will start to charge interest on a monthly basis.
  • Security – If you have cash in your wallet but stolen it or you lose it, you will definitely not recover it, but if you have a credit card in your wallet, you can call the bank and claim it as soon as you know that your card has been stolen. Even when someone starts using your credit card, the bank usually has a limit of over 50 USD you will not lose anyway because the rest of the money is insured. And even if you have a debit card, the bank won’t protect you like you do when you have a credit card.
  • Online Shopping – Nowadays, most goods and services are available for purchase online and online orders require either a virtual bank account or a credit card that can be entered. Therefore, when shopping online, it is usually possible to pay with a credit card by entering its details and cardholder details.
  • Plasma – And the last advantage is that a credit card can do a lot of different things, from gluing films and slicing different products to opening doors and other interesting things. The plastic size of a credit card is already quite common, and all wallets are made for that size, and you can find many different applications for these cards by searching the Internet.

I hope you will now think and choose a credit card at least as a cushion and, if not a credit card, at least a debit card that is nowadays almost every citizen.

Categories: Investment

Free Fast Internet Credits

Fast internet loans free of charge

Fast internet loans free of charge 

Beneficial and useful if you need a cash loan of up to 200 lats and if you can return it to the lender within one calendar month to the last cent. Repay as much as you borrow – a phrase that describes the Internet or fast credit that new customers are eligible for – only when they first borrow.

How to get this loan – fast internet loan? From your home or any other location where you have internet access, choose one of these to meet leading lenders. Choose the credit company that suits your needs – register on the website and apply for the loan , specifying the amount and repayment period.

Compare the best instant loans here

Receiving Internet Credits:

1) Familiarize yourself with the offer and choose the one that suits you best;

2) Register on the company website – still required – from your bank account to transfer 1 santim to the lender;

3) Apply for a loan;

4) Get it in your bank account!

Fast credit is free for up to 30 days – you can pay it back in shorter time or later if you extend your credit early. The repayment term can only be extended for a fee – the amount of your loan payment will depend on the amount and number of days it will be needed.

Fast Internet Loans for Free – Insights into the Best Fast Loans – Choose yours!

Fast Internet Loans for Free - Insights into the Best Fast Loans - Choose yours!

OPEN CREDIT Instant Credit is issued daily from 9am to 6pm!

  • Quick loans – only for the first time free – up to 200 lats!
  • To borrow, you must be over 20 – borrow if you know you can repay the loan;
  • Apply in a convenient place and time, search the registration form on the website

JOKO CREDIT Instant Credit is available on the Internet from 8am to 8pm on weekdays, from 9am to 9pm on weekends!

  • Fast Internet Loans Free of charge – up to 150 lats for the first time!
  • Get a loan from JOKO Credit if you are over 20 – if you can “pay off” your debt;
  • Apply for the loan of the required amount of money easily and easily

VIA SMS Fast Internet Credit is issued on weekdays from 8:00 to 22:00, on weekends from 10:00 to 20:00!

  • Fast internet loans for free – only the first time you can borrow up to 150 lats!
  • To qualify for a cash loan, you must be over the age of 20 with appropriate repayment options;
  • Register and apply for instant credit from any location on our website

Merratu instant credit on the Internet is issued on weekdays from 8:00 to 22:00, on weekends from 9:00 to 18:00!

  • Quick cash loans for free – up to 100 lats for the first time!
  • Merratu will grant the loan if you are over 21 – if your repayment options are appropriate;
  • Get a good cash loan – only after successful registration on the website

Fast internet loans free of charge – the opportunity to borrow free of charge for any resident of Latvia who is not less than 20 and not more than 75 years of age . In any case, it should always be remembered that fast credit is only a short-term solution and should only be chosen if it is expected to be repaid within the next few days.

Need money? Do you know that in the near future your income will provide an opportunity to repay this loan? Borrow conveniently and simply – on the Internet, without even having to leave your computer. Before you opt for one of the quick loans – read the offer, find out what the requirements are for the particular lender and what the credit company offers.

Miska offers lenders licensed to provide credit services in one place, in a credit comparison chart. Check out what’s new in fast credit – check out the latest deals from top lenders. Borrow wisely – with responsibility!

Categories: Investment

Internet credit in simple way

Internet Credit – Fast Credit – This is a simple and quick way to get a cash loan. The money loan offered by dozens of companies over the Internet alone is short-term and relatively small when borrowing for the first time ( from a couple to USD 200 ).

Internet credit is also offered free of charge – it is given to new clients of lenders, and you can get it if you are – resident of Latvia between 20 and 75 years , if your repayment possibilities are suitable – you have regular income, good credit history. You still need your bank account, mobile phone and email address .

Internet Credit – Get a cash loan within 15 minutes without the need for a pledge, surety or other documents and time consuming formalities:

Internet Credit - Get a cash loan within 15 minutes without the need for a pledge, surety or other documents and time consuming formalities:

Boho Credit

  • Your chance to borrow without commission – up to 150 USD!
  • You have to schedule your loan repayment within 30 days – but in the event of any difficulties, the repayment term can be extended;
  • This loan is available to: – persons over 20 years of age, with regular, unpaid income;
  • If you meet the requirements, if you need free credit up to 150 USD, apply 


  • Internet credit free of charge – up to 100 USD!
  • The repayment period is up to 45 days and, at the latest, the repayment period for the first loan cannot be extended;
  • Credit available – for residents over 21;
  • If you know you can repay, apply for your first free credit now 


  • Fast credit without commission – up to 150 USD, if you borrow for the first time!
  • The repayment term can be up to 30 days and you can extend it;
  • TalCredit offers loans – for persons over 20 years, with regular income and if good credit history;
  • Apply for a loan that you can get at your disposal in just a few minutes 

MMS Credit

  • First commission – up to 200 USD!
  • Free loan repayment term – up to 30 days. But unless you need to, you can extend it until you have the money to repay;
  • MMS Credit at your disposal – if you are over 20;
  • Apply for the amount you need, get it any day, even on weekends and holidays

 Internet credit is a loan that can be obtained on weekdays 

 Internet credit is a loan that can be obtained on weekdays 

Internet credit is a loan that can be obtained on weekdays as well as on weekends, as non-bank lenders work every day – all year round. You can apply for the loan you need at any time – simply and easily by registering on one of the lenders’ websites.

When choosing a lender, consider both your needs and what you can “afford”. Remember that borrowing on the internet is also possible for free, and then the amount of the loan repayable is exactly the same as when borrowing – it does not increase by a penny! 

Categories: Investment

Internet jobless loans.

Loans on the internet without a job

Loans on the internet without a job

Are no rarity, just like the people who need them. When it comes to credit, it is important to find the “right” lender. You should choose a credit company that offers you the money you need on the most favorable terms, even if you are without a formal job or if your credit history is damaged.

People who are unemployed opt for a quick credit for a number of reasons – firstly, they do not need a workplace certificate to obtain them. Other reasons to opt for fast loans – they take less than 20 minutes to complete and, just online, you can borrow from home!

Jobless Internet Loans

Jobless Internet Loans 

Fast Credit Expert recommends credit companies that provide workplace loans if their repayment options are realistic:

Merratu – From 21 years:

  • Loans on the Internet without a job and for free – for the first time, from 10 to 100 lats!
  • Get a loan for 1 to 30 days;
  • Make a timely loan repayment, do not breach your contractual obligations, and if you need a cash loan, you can borrow up to 400 lats at Merratu;
  • Loans are issued daily – fast money transfers throughout the year! Apply here.

Centiloan – From the age of 20:

  • Fast loans without a job, but with sufficient income or adequate repayment possibilities – from 50 to 1000 lats – these are not free loans!
  • Get a loan with a repayment term of 1 to 24 months;
  • Choose the loan you need and match with Centiloan – apply for it anytime, on the website

SMSLOAN – over 20:

  • Loans on the Internet without a job, for free – the first time you can borrow from 5 to 200 lats!
  • Get fast credit for 1 to 30 days;
  • You can get the amount of money you want to borrow in your bank account by applying on the website

Compare the best instant loans here

The credit companies listed above will also grant a loan even if you have not entered into a formal employment relationship at the time the loan is needed. But the lender will definitely be interested in your financial capabilities – whether you can repay the loan, and how your previous credit experience is. Importantly, if your credit history is not in perfect condition, it is damaged, only a rare lender can help.

A bank account and a mobile phone number are a must for anyone who needs a cash loan and who chooses to get one from one of the fast credit companies – all that can be done without extra formalities! No pledge, no certificate, no guarantee required!

Loans on the Internet without a job, get one if you know you can meet your credit obligations. Borrow in the short term or in the longer term to repay your loan by choosing the amount of money that is right for you! Look at the Loan Comparison Chart – Choose and Borrow Wisely!

Categories: Investment

How to accelerate your fast loans even more?

Fast online loans and credits represent the most urgent form of financing. They are managed in a very short time, since both the application and the analysis is done online, with hardly any paperwork and without useless delays. The answer is usually almost immediate and the money goes into your account without waiting. However, there are several aspects that influence the speed of concession. What do you have to do, if you want to speed up the process and further speed up the process?


Look with which banks the lender operates

lender operates

Once your application is approved, the lender sends the money granted without any delay. A transaction between accounts of the same bank is almost immediate, however, between different entities it can take up to 24/48 hours. Depending on the banks, transfers of loans and quick loans take more or less.

If you want to dispose of your money without any delay, before requesting a loan you should check where the chosen entity has accounts. To get the money instantly, it is better to turn to those companies that have an account in the same bank as you.


Have the documentation ready

loan documentation

In general, the requirements and the necessary documentation to request the mini loans and fast microcredits are usually very few. However, you must provide minimal documentation to the lender with which you could verify and evaluate your profile. Depending on each lender and the particular situation, different documents may be required, but in common you will need:


Identification document

Prepare a copy of a valid identity document (DNI, NIE, passport) in color and on both sides. Both to verify your age and other personal data, and to certify your residence in Spain.


Bank statement

This document serves both to prove that you are the owner of a bank account in which the lender could enter the money, as well as to check your situation and financial history.


Proof of income

To justify some regular income with which you can face the repayment of the loan granted. It can be both a payroll and any other type of periodic, sufficient and demonstrable income – be it the pension, unemployment benefit, VAT returns, etc.

Having the documents prepared in advance is advisable both to avoid complications, and to speed up the approval process. If you are missing a document or you do not have everything in order, the approval of your application is delayed, since correcting the failures will waste time.


Request within business hours

Request within business hours

Urgent loan and credit entities operate completely online and their service is usually available 24/7. You can send your request from any place at any time. But if you need the loan as soon as possible, it is advisable to consult the customer service hours and send your request within this business hours. So that your case can be evaluated at the moment, without waiting for the staff to be working.

One of the main advantages of fast loans and credits online is speed. To enjoy instant financing, you should always take into account aspects that may take as long as it can speed up the process of granting your quick loans.

Categories: Investment

Car loans and FAQs

Here we look at common questions and answers related to car loans. for an assessment

“What is a car loan?”
Car loans are a personal loan with a single purpose, namely to finance car purchases. Although private leasing has become significantly more popular in recent years, car loans are still the preferred method of car finance. Car loans can be taken either in a bank, on the internet or in a car shop.

What should you choose when taking out a car loan?

What should you choose when taking out a <a href=car loan?” />

Car loans usually have a maximum maturity of around 10 years, depending on the age of the vehicle and the borrower’s finances.

Therefore, you often have to answer some questions when you want to register a car loan, and this can be scary for some. It also means that such loans are more difficult to obtain, such as consumer loans, but it is far easier than mortgages.

To create a car loan at a retailer or bank / loan institution online?

To create a <a href=car loan at a retailer or bank / loan institution online?” />

One should be aware that it can often be very expensive to take out a car loan from the car dealer. That alone is the reason why there is much to save from using the ordinary bank. Many car customers have not researched prices in advance so they often end up with a car loan from the dealer anyway.

Although the bank calls it car loan does not necessarily mean that it is the best or cheapest loan to finance a car purchase with. Of course, it depends on the loan size as the loan option that pays best. However, car loans are usually cheaper because you make the car as collateral.

How can you get an overview of which loans are the cheapest?

How can you get an overview of which loans are the cheapest?

To compare different loans, it is best to examine the loan’s annual percentage rate. All car loans should be made aware of their interest rates, as this indicates a% figure for how much you must repay. Also get an overview of the loan’s interest rates and all other costs.

The lowest interest rate will indicate whether you are getting the cheapest offer. It is easy to check the credit market for bill-only loans online before going to the car dealer. Then you have a feeling that the dealer’s loan offer is expensive or cheap. One thing you should be aware of is that the interest portion of the loan is deductible, so reduce your costs if you deduct the tax return for them.

Categories: Investment

Credit for Land Purchase And Rural Property – Which Is Better?



Purchase of land and rural property. We know that rural producers and small farmers are one of the fundamental parts of the Brazilian economy. Family farming is one of the sectors that has suffered most from the current crisis and the reforms that have been taking place since the change of government. Moreover, the lack of economic stability has greatly complicated the lives of these workers. But how to make financing for land purchase and rural property ?

How to obtain credit for land purchase and rural property?

For all this, more than ever, these workers and this sector of the economy need every possible support. The rural producer has several options when looking for investments and credit to improve his business. Whether by federal government incentives or even private banks, loans to farmers, rural and alternative financing can be obtained to improve the business of those who live on the land.

The rural producer who is interested in asset financing has several possibilities to get the resources it needs. It all depends on your case. The best option, especially for small producers, is to start looking for incentives offered by the government.

There is also the possibility of seeking direct loans from banks or financial institutions. Each of these entities has its conditions. Knowing the best type of loan for you requires research. The National Bank for Economic and Social Development (BNDES) has specific programs for rural producers. You can request the BNDES Rural card to obtain credit and finance the purchase of rural properties and land .

To obtain this card, the applicant must be a rural producer and a natural person, with gross annual sales of up to 300 million reais, resident and domiciled in the country. It is also necessary to be in a regular situation and with documentation up-to-date.

Access the website There the rural producer must fill in some information. After that, he goes to the bank selected to make the loan and signs a compromise. This type of card and the credit offered is for individuals only.

Know the Land Credit Program


Another possibility for those seeking financing is the program of the Secretary of Family Agriculture and Agrarian Development, Sead, the National Land Credit Program (PNCF). This program is aimed at the family farmer and aims to encourage the development of the small rural farmer.

Those who intend to use this benefit must meet certain requirements. The producer can not be a public servant or have previously benefited from any Agrarian Reform program. He must be a rural worker or the son of family farmers or a student of agro-technical schools, aged between 18 and 29 years.

In addition, the annual family income of the beneficiary must vary from 9 thousand to 30 thousand reais and equity between 15 thousand and 60 thousand reais, depending on the line accessed. The beneficiary has 20 years to repay the loan debt.

Those who are interested in obtaining this benefit should seek the Union of Rural Workers or Family Farming in their municipality or contact the State Technical Unit.

Important steps when applying for rural credit



Buying land and investing in rural land can be a good idea for anyone looking for a safe and profitable venture. Despite the risks and the mishaps, this is still one of the most guaranteed investments for those who want tranquility and a fuller end of the month.

The credit or loan for buying land and rural property is a good way for you to get money for that purpose. However, before you apply for the loan, really understand your needs and be punctual with your commitments. Research and study are key at this stage of your business.


Tips for applying for a rural credit for land purchase



Assess whether the amount of benefits is in your spending budget. Make sure you can pay for everything on time and avoid interest rates. Know well the land you will buy. If possible, visit before to see if you will not have any extra expenses.

The interested in requesting credit to buy a land or rural property must know how much of their budget is willing and able to commit to realize this dream. See if applying for the loan is the best solution for you and evaluate the best option. Saving your business is possible, yes. Study your possibilities.

Categories: Investment

5 Mistakes to Avoid When Searching for Investment Capital


Look for investment capital – You could at any time have an incredible idea to create a china business or a revolutionary new product in the field of technology or commerce. But without capital, it would surely be just another idea. The cool thing is that everything can be solved if you have access to a large bundle of money saved for years as a reserve for the days of the storm.

Who has a business idea has two options: you can try to start the business with equity or start and expand the growth with investor capital. In the market there are angel investors and venture capitalists and many other sources of alternative capital for those seeking cash credit to capitalize on a business or company.

Tips for Finding Investment Capital

I am a big fan of people who create their startups using only their own resources, and it can be a viable option if you are extremely cautious when it comes to expenses if you have a little money seed and if your business concept will generate flow box immediately.

If you are not a bootstrap and are looking for investment capital then it is good to make some financial adjustments and you will definitely need financing and working capital. This support may come from a source or from various sources. While every business financing option has pros and cons, there are certain mistakes that you need to understand to avoid when looking for your startup capital. See below the five related errors.

1. Underestimate how much money you need for the business


Many entrepreneurs believe they will have a lower cost and more chances of securing financing if they ask the lender for a smaller amount of money, but this approach will not be good, it has two problems. First, most investors will see that you have underestimated how much it would take to make the business successful, and get away from it.

Even if you get secured financing, you will end up running out of money when you ask for less money than you really need. When you know how much money you will need to start your business, you are more likely to receive the capital to leverage your idea.

Most startups fail at this, so when looking for investment capital, you need to do everything possible to know exactly the right amount, and a little more to take a breath and survive.

2. Undo equity to start business


Investors often want an attractive share in exchange for their initial money, but giving up a very large percentage of the company at the outset can be disastrous.

In an ideal world, you would not even need to look for investment capital, you would have enough money for the first round of investments to become profitable, eliminating the need to raise more money again. Unfortunately, startups and fintechs face many challenges, obstacles and unforeseen events throughout the journey, unfortunately it is not possible to predict the future and have the best results possible.

That’s why it’s important not to overdo business participation, no entrepreneur starts this strenuous day with the goal of being a minority owner in his own company.

3. Obtain Personal Credit Card Debt


Many start-up founders of companies use their personal credit cards to finance their business, which is one of the most expensive financing options if you have a minimum of credit in the square.

Studies show that startup companies that rely heavily on credit card financing will typically fail. Leveraging debts using personal credit card puts the borrower in a very bad position, especially if the deal does not work out.

If you need to close the deal, you still will have a mountain of debt on your shoulders that must be returned to creditors on the card. If you delay payments, your credit score will be destroyed, your history stained and all your personal finances will be adversely impacted.

Note: ” Every entrepreneur thinks his idea is a winner because of optimism and confidence, but do not let it intoxicate your judgment, especially when it can potentially ruin your personal finances .”


4. Make advance loans with no consultation


With so many individuals seeking funding to start a business, it should not be surprising that there are criminals trying to take advantage of these business wishes. In advance rate loan scams is guaranteed that the financing or working capital no matter how bad the credit history, CNPJ with restriction in the SPC and Serasa, is released.

They ask for an initial fee – often saying it is to process the credit – and once you pay the fee, the loan will never happen. If you find one of these down payment rate scams, you can report it to the appropriate agencies.


5. Do not have a detailed cash flow analysis



Anyone who is about to release a loan for you or your business, whether it is a credit company or traditional financial institution, will want to know if you have full control over the cash flow and more importantly, how you plan to spend that money.

When looking for investment capital , developing a cash flow analysis will show potential investors that you have firm control from the operational to the administrative side of the business.

Also, a cash flow analysis is very difficult to fake, and this lets you know how good your great idea might be for what you want to invest.


Categories: Investment