Credit card price protection, what is it?

Imagine, one day you arrive from the office thinking about the great day you had, with great pride of your work you think “I deserve a beer!” And you go to the refrigerator, but a strange smell begins to invade your nose, as you approach to your kitchen When you open the refrigerator, you realize that it is broken and all your food is spoiled. You speak to your trusted technician and he tells you that there is no fix, so you urgently need to buy a new one.

With great regret you go to your favorite department store and And you give the “card”, because it is already the end of the fortnight and it has been a hard month for your finances. However, a week later, you see that same product has a 40% discount. Sounds terrible, don’t you think? In addition, being an unplanned charge can lead to over-indebtedness problems.

You keep thinking about how good it would be if they returned that difference. And despite sounding like a story too good to be true, there are cards that under certain circumstances can give you that money back, it is known as price protection.

Of course, they are not all cards and there are certain restrictions and in this article we will explain how it works.

How to get your card back money?

How to get your card back money?

If you see written advertising or a notice on the Internet where it comes that the price of the product you bought has dropped in price, you can make the difference request. To be able to carry it out, you will have to contact your card customer service with the evidence about the price difference in the next 30 or 60 days to your purchase depending on the type of credit card. However, there are cards that do it automatically.

What items can apply?

What items can apply?

They include new items, which have been purchased in stores that are not considered auction, nor does it apply in the payment of services or if the price difference is linked to shipping prices for sale on the Internet.

In short, your washing machine, clothes, perfumes, books, cell phones and a host of products can apply whenever they are new and must be the same brand, model, year, name you purchased.

What types of cards have this benefit?

What types of cards have this benefit?

There are Visa and MasterCard cards that have the benefit of price protection on credit cards. The main feature is that they are platinum cards or more exclusive than a basic credit card and mostly charge an annual commission for use. Although there are not many that exist in the market, you can approach your bank to find one that apart from it, has other benefits according to your needs.

Our recommendations

  • If you would like to have this benefit on your credit card, do not forget to ask your issuer if the plastic you have or want to purchase has this benefit.
  • The cards that have the price protection are gold or platinum range, which usually charge commission, it is important that you keep this in mind.
  • Do not throw your vouchers or tickets and keep all the evidence you find of the price change to make it easier to claim your benefit.
  • Use the benefit with large purchases of products that are easy to locate in multiple stores or establishments.
  • Read the terms and conditions, so you don’t have a surprise.
  • When you see the advertising, avoid taking your request as the benefit expires days after the advertising has been published. You can take advantage of the sales and end of the season to claim your benefit.

Works loan: find inspiration online for your home.

 

Improvement or renovation works occupy all your thoughts? You don’t know where to start? A site can help you find inspiration: Lite Credit.

This collaborative platform is dedicated to the decoration and furnishings of the house. A real library of ideas, Lite Credit allows you to find good ideas for your work project. It also allows you to be put in contact with professionals near you but also to find furniture for your project (garden furniture, bed, bath, etc.).

Photos to inspire

Photos to inspire

Once on the site, you can view all the photos that match your search. For example, you want to redo your kitchen in a contemporary style. You can filter your search according to style, budget, size, colors and type of cuisine (American, closed,…), finishes, etc.

With this site, you can find various ideas for example: how to separate a girl / boy room? How to adjust your storage? How to optimize a small bathroom? So many challenges to respond to the problems of Internet users. Because each project is unique.

Find a craftsman

Find a craftsman

The connection is free. It works like a directory with additional notices and photos. Architect, builder, decorator, interior designer, landscape designer the list of professionals registered on the site is long. The opinions left on the Web will allow you to make the right choice for the completion of your work.

The works loan = a consumer credit

The works loan = a consumer credit

Since carrying out work can represent a significant cost (almost 1000 USD per m² depending on the renovation chosen) a work loan can be a means of financing them.

What is a work loan? It is a consumer credit. A sum of money is made available to the borrower without justifying its use (personal loan) or allocated to the project (assigned credit) for interest. The borrower repays the borrowed capital and part of the interest monthly. Interest is defined by the rate of the works loan. The higher it is, the more expensive the credit will be. It is therefore essential to compare work loans to get the best financing.

This type of credit can be taken out with borrower insurance. Its amount is then added to that of the loan. It is possible to choose an insurance other than that offered by the bank.

Find your consumer loan at the best rate, it’s easy and free! From 0.70 % * over 12 months.

 

Car loan what conditions – here are the facts

 

Lenders then check the customer’s creditworthiness and this must be impeccable. With a car loan, what requirements, for example, must the customer’s credit bureau be clean.

There should also be sufficient income.

Car loan what conditions?

Car loan what conditions?

If you want to take out a car loan, you have to meet certain requirements. Banks generally do not grant credit until they have checked the customer’s creditworthiness. This includes checking the income as well as querying the credit bureau, both facts must be correct, otherwise the car loan can be rejected as to which requirements.

Generally, lenders must be of legal age and should not be older than 70 years. If you want to take out a car loan, you must be able to pay a loan after deducting all expenses. Banks therefore recommend that you check your personal financial situation yourself before applying for a loan. A loan application should only be made if there is a surplus in this check.

It is better to submit a loan request than a loan application. Especially if the borrower is somewhat uncertain about his credit rating. If a loan application is rejected, this process appears in the credit bureau.

Car loan what conditions – creditworthiness

Car loan what conditions - creditworthiness

In the case of a loan, a distinction must be made between creditworthiness and creditworthiness. While many consumers are creditworthy, some are not creditworthy.

Car loan, what are the requirements?

Basically it is sufficient income and the clean credit bureau that lead to a good credit rating. In order to have the best conditions for a car loan, you should have a regular income that comes from a self-employed activity.

For example, employees who have a permanent job can look forward to their credit check more confidently than those who have a temporary job or a probationary period. The second important requirement is the perfect credit bureau.

If the borrower has negative entries, the number of lenders is drastically reduced.

Car loan what conditions – negative credit bureau entries

Car loan what conditions - negative credit bureau entries

The following entries ensure that the borrower no longer allows credit. If so, he pays horrendous interest that makes a loan no longer affordable. This includes a payment order. This reminder is still one of the softer features in credit bureau.

The enforcement notice then looks a little different. There will be no credit here. The same applies to an arrest warrant for outstanding outstanding debts. Even with an affidavit, the credit opportunities don’t look good.

Unfinished loans follow, and lenders are very reluctant to do so before granting a loan. In contrast, lenders could be found with some negative entries such as a reminder but not paid mobile phone bill. In addition to the credit bureau, it is the regulated attachable income that allows a car loan which conditions.

Car loan what conditions – unemployed, pensioners and students

Car loan what conditions - unemployed, pensioners and students

Employees have a much better chance of getting a car loan than this group of people. Unemployed people, pensioners and students, on the other hand, are often left out when it comes to requesting a loan.

For an unemployed person it is the reduced income. Nevertheless, there is also unemployment benefit that is relatively high. Nonetheless, unemployed people will be rejected by most lenders because unemployment benefit is a government benefit and cannot be seized.

In the case of a pensioner, the meager pension can also lead to a loan refusal. For banks, however, a reason for rejection is often the age of the applicant. Banks often no longer grant loans to 70-year-old pensioners. Although pensioners regularly receive their earnings, age can make a dent in a loan.

It looks similarly bad for students. Most receive Financial Aid or still work part-time. Even so, income may still be too little for a car loan.

Car loan what conditions – lender

Car loan what conditions - lender

If you are looking for a cheap car loan, you can do it with a loan comparison. It is therefore important to find out the purchase price in advance. This sum is then used as the basis for the loan comparison. It is entered with the selected term.

With one click you will be able to see the installment amount and the interest rate. If the rate does not fit, it can be changed with a corresponding term. With a long term, the credit rate becomes lower, with a short one, higher. The interest rate will also change with the term.

The interest rate that is displayed does not apply to all customers. This will depend on the customer’s creditworthiness. So if you have a good credit rating, you will also receive a low interest rate. In general, the credit rate should always be adjusted according to income.

What remains in the month can be determined with a budget. If you choose a long term, you have to assume that the loan will be somewhat more expensive overall.

Car loan what conditions – residual debt insurance

Car loan what conditions - residual debt insurance

Many lenders offer the customer residual debt insurance when taking out a loan. This protects against death, unemployment or disability. However, these insurance policies are expensive. They only make sense if the loan amount is high and the term is long.

With a small loan it is rather inappropriate. Anyone who decides to take out residual debt insurance should read the contract carefully.

There are many restrictions where the insurance company does not pay. The insurance only applies to unemployment if it has occurred through no fault of your own.

Cheaper credit for the self employed.

A cheap loan for the self-employed or freelancer is usually very difficult to find. Most banks refuse to lend to the self-employed. This is often justified by the higher risk of default. If a bank offers for the self-employed, it is usually associated with high interest rates. Collateral for lending is also often required.

Banks that offer a loan to the self-employed

Banks that offer a loan to the self-employed

There are some banks that offer cheaper credit for the self-employed. The respective conditions and interest rates are very different. For this reason, you should definitely carry out a precise comparison before completing it. Always compare the effective annual interest rate.

In addition to the interest rate, this already includes important costs such as processing fees and commissions. When applying, you submit the last two income tax notices available instead of proof of salary. In addition, depending on the provider, a current income statement and a business evaluation is required.

Alternative to bank credit

Alternative to bank credit

A cheap loan for the self-employed is alternatively also possible as a loan from private individuals. Here you get the loan not from a bank but from private investors. This makes processing much less bureaucratic than a bank loan. There are various Internet portals that mediate such a personal loan. To do this, create a profile in which you can explain the reason for the borrowing and your personal situation. In addition, you can also directly specify the desired loan amount, term and the effective annual interest.

If you can convince enough donors with your profile, you will receive the loan amount through the mediating portal. You have no direct contact with the donors. The monthly installments are also collected from the relevant portal and distributed to the donors. You will be charged a corresponding placement fee for the placement.