August 31st, 2009 at 8:26 am
ALBERT CANO Two years after the onset of the crisis, the Government, the official media, etc., recovery trust building green shoots as San Obama gets us out of the hole. But beyond the propaganda, to take effective measures to get out of the worst crisis since he lived here are no reliable statistics?
Look at the government. If we see more impact decisions ( ‘Plan E’ subsidy for unemployed persons who exhausted their benefits, aid for the purchase of cars), we note that patches are not beyond the next few months. There is widespread feeling that he knows what to do, once he is seizing the engine pulling the rest (the construction). At the same time, we are threatened with higher taxes and they resort to borrowing to meet expenses, while we wait outside to recover and return to vacation here or buy second homes on the coast.
Deferring decisions waiting for better times is not just government work. According to a report of Variant Perception, our bench is dedicated to hide their problems through: a relaxation in the criteria for procuring home loans at risk (sponsored by the Bank of Spain) or the refinancing of loans to builders ghost, with the intention that “things settle down and recover the loans.
If this were a crisis a few months (like the Olympics after 1992), gain time might make sense. But what if the U.S. falls back into recession, as Nouriel Roubini predicts the end of 2010 and can not pull the car? What if investors, in 2010-2011, no longer accept our public debt? What if the housing market takes four to five years to recover, as experts point solvents? What if …?
August 28th, 2009 at 8:16 am
It’s become routine: If you take a car on holiday, in addition to passport and driver’s license shall submit his credit card on the table. Time the company only wants to write the card number, sometimes presented to the customer a blank document that is to be signed.
Many have already experienced some nasty surprises, because weeks later, once money has been debited from your credit card.
Has already experienced so many surprises, because weeks later money was debited, for example due to damage to the car or a lack of fuel. What can you do? In general, the use of credit irrevocably: Who has signed such a document at the restaurant, which may impose an appropriate credit card to charge anything. Was signed by candlelight for example, an excessive amount of ticket-holders would have to clarify the right to try the restaurant and then get back money.
Exceptions are possible. Anyone who has signed a specific amount, as can hardly get out again. Within the usual period of four to six weeks after settlement can indeed be explained to the bank, a contradiction. The will succeed only if the customer can demonstrate that no claim has passed. This must happen in detail, with some witnesses.
August 22nd, 2009 at 6:54 am
Credit cards are the bomb in the portfolios of Poles. For now, have not yet antler, but the banks have no problem with it. – It is a problem, but not a drama – calms Remigiusz Kashubian Association of Polish Banks.
All is well, when the credit card debt is repaid over a period bezodsetkowym (Eng grace period). It is, depending on the card issuer, up to 56 days. After this period you are charged interest on the amount of the loan.
For the card issuer, in Poland in 90 cases out of 100 is a bank, the issue is more complicated. – Already at the time of issue of cards, the bank has to create a reserve of 1.5% of the loan – explains Remigiusz Kashubian. However, if the customer does not repay the debt for 3 months, it already has a reserve of 20%, after 6 months, 50%, and after years of maintaining debt – 100%. This means that if the card user does not repay the debt by the year of EUR 10 thousand. PLN, the bank has “frozen” 20 thousand. €.
Reserve banks have to grow into one in recent times, because it is clear from the Conference of Enterprise Research Institute of Finance and Economic Development SGH, more and more people are in credit card. In January of this year, repaying only the minimum required amount of 25% of users said the cards. In July this year. the declaration made a nearly 29% of users.
Quantity spłacających whole debt within bezodsetkowym fell in July by half a percentage point, compared to January (from 39% to 38.5%).
However, given that the debt on credit cards to only 13% of all consumer credit, it does not appear in the event of threats to the Polish banking system, as happened in the United States last year.
Because of the need for the establishment of more reserves, banks are now closely looking at applications for new credit cards. The more so that the data from the labor market does not napawają optimism. – We recognize that the situation does not improve the borrowers, not rising salaries – says Kashubian. For this reason, among others banks associated in the Association of Polish Banks are not waiting for the recommendation of the Financial Supervisory Commission on the credit card, but now they are approaching the issue of care.
This does not mean that there is no chance of getting a credit card. Certainly not with such a limit, as ever, and perhaps not with the machine when setting up a bank deposit. – Assessment of the capacity credit is more restrictive than two years ago – the Kashubian.
However, it is a very useful tool in managing the household budget. Remigiusz Kashubian argues that plastic money can be used to save up. How? Simply salary immediately put in your savings and current purchases made by credit card, be associated with a loyalty program (eg, refunds for purchases or counting points in the Partner Program at the gas station). On receipt We have yet to extract the date on which the period ends bezodsetkowy and repaid the entire debt. In this way, gained the interest from your savings or investments, and an additional bonus of a frequent flyer program.
It is important that expenditures do not exceed your monthly income. – Your credit card is for the people responsible and disciplined – Kashubian stresses. According to him, you must adhere to the principle of “do not buy things that can not afford me.”
This sort of philosophy is still difficult to convince the Poles, because we are still a nation at the output. – People are still hungry consumption – the Kashubian. Therefore, Polish Banks Association seeks to educate members of cards as a reasonable use of credit cards. To this end, the portal was launched kartybeztajemnic.pl where you can find the information and advice.
Excessive debt on credit cards can lead to social protests.
August 22nd, 2009 at 6:54 am
In this way each card can act like a credit card and debit card – the customer can use it to pay for purchases by credit card, and pay the money collected on personal accounts. This is the first software solution in Poland.
Two in one
All credit cards Polbank EGF are able to activate their debit card holders Functionalities. This allows for each card can connect up to 8 personal accounts held in Polbanku. Card for purchases via the client uses the standard given to him by the bank credit limit, and where the money is paid in the ATM, he could decide whether it will take cash from personal accounts, or credit limit.
Apart from an obvious convenience for the customer 56 days may not use any percentage of money from a bank and leave your money at the time wysokooprocentowanym account Polbanku. In addition, each time that you do not need to be aware of the debt repayment at the end of the card bezodsetkowego, EGF Polbank gives the possibility to activate automatic repayment card from one of their accounts or use the SMS service przypominającego of payment cards.
“The functionality introduced in the debit Polbanku for the first time in Poland, initially only in our ATMs. I hope that the extension of its network of Euronet ATM services will continue to promote each of our clients. This is a very convenient solution, especially for those who like to optimally manage their finances “- said Marcin Chruściel, director of the Department of Credit Cards in Polbank EGF.
Credit cards Polbank EGF currently have one of the most attractive on the market in functionality. Guarantee the repayment of the expenditure (ie money back), even a year to 750 €. In addition, Polbank EGF, alone in the market, also offers packages Assistance segment flat card is the cheapest in the market for credit card installment. The Bank also offers an SMS service informing you of any transaction made recalling about payment cards. In addition, only EGF converts Polbank card transactions made directly with the foreign currency to U.S. dollars at the rates of payment organization, not downloading it for no fee.
Polbank EGF, as the only in Poland, it offers the possibility to purchase a fully personalized cards from the hand “in a bank during one visit – you can get the card segment comfortable and practical. Cards can also be obtained to leave the house without calling the sales office call.
August 22nd, 2009 at 6:51 am
Installment of the credit card is still little known and not very popular way to lower interest on the loan. And with the interest rate on the loan can be reduced by half.
- For credit card every month, it is necessary to pay only a small fraction of the loan. the minimum repayment. This is usually 2-3 percent. amount of credit, not less than 20-50 PLN (depending on the card and the bank). However, you may remember that in the long-term repayment every month, only minimal amounts can cause the entire loan repayment will take a few years old – said Paweł Majtkowski, Principal Analyst Finamo.
The use of such a loan is also beneficial to the extent that we are not condemned to the highest possible interest rate, or 20 percent. By replacing ordinary ratalnym credit, banks can offer customers much better.
To use the rat on the card, you need to make a purchase on a larger amount (for example, more than 300 PLN). – The purchase is made in the ordinary way, and only two or three days after it is made the client must contact the card issuer and report a willingness to use the rat – Majtkowski translators.
The case looks a bit different in the case of credit cards issued by banks from hypermarkets, there is often a desire to take advantage of the credit must submit ratalnego already in hand store. The compensation is the fact that in many cases, the loan installment will not bear interest.
Often the person who purchases goods from a shop in the rat zero percent until finalizując transaction learns that it does not incur the usual credit ratalnego, but becomes the holder of a credit card with a free credit ratalnym.
The customer also selects, as far as rat wants to spread the purchases made (from 3 up to 36 installments). The Bank shall inform the customer about the same amount of monthly installment. Its height is also placed on each monthly statement of transactions made card.
The transaction is distributed in installments, as a simple transaction, reduces the amount available to the customer’s credit limit. Together, however, limit the payment of subsequent installments and increasing returns to normal after the total amount of repayment. The customer receives a monthly compilation of simple transactions, together with the entire amount of debt and the minimum amount. Repayment of each month consists of two components: ratalnego installment credit card repayment, and normal (at least the minimum payment).
Same card works the same, that the credit limit is reduced by the amount remaining to repay the loan ratalnego. As Paul explains Majtkowski, the customer may take several times of installment credit, you must pay a monthly installment of each of them and still make repayment of the card. – All banks put limits on the amount of credit that usually limit it to 75-80 percent. limit value cards – the main analyst Finamo explains.
Installment credit is lower than normal interest rate on interest-bearing cards. In most of the interest rate on banks’ credit ratalnego ranges from 10 to 15 percent., While the cards are remunerated at an average of 18 percent.
This is because this type of loan carries a lower risk for the bank, and gives him more control over the process of repayment. – Allow banks to distribute the installment of the non-cash transactions such as shopping in stores, as well as cash – the Majtkowski. This applies to both the payments of cash, and cash transfers made from an account card.
For example, BZ WBK offers all of its credit card holders credit called Ratio. With it may be broken down into one or more installment transactions card. The condition is that their total value was higher than the quota-you 500 €.
For use with the ratio selected transactions are spread over a maximum of 18 monthly installments. Wireless connectivity with the customer repays the monthly settlement of the card, so that in the bank account must be received installment credit and the normal amount you repay your credit card (minimum or higher). Citibank also offers a credit card owners of the installments plan called Comfort. The minimum value of the transaction, which can be broken down into installments, to 800 €.
The client may spread the Polbanku installment on any transaction with a value above 500 PLN made by credit card or Visa Electron Visa Classic. Such transactions may be few, but each must be for a total of more than 500 €. The desire to distribute the transactions to the installment can be submitted to the bank, even during the two months afterwards. Attractive be proposed by the Pol-bank financial parameters – from the amount distributed in installments are not charged any interest – but only one-time fee of 5 percent. rozkładanej the sum in installments.
August 22nd, 2009 at 6:51 am
The first solution, from which we can use the loan to the bank. But recently banks have become an institution for the chosen. One does not want to give credit, others can not afford it. It turns out that the average annual percentage rate (RRSO) such a service – as calculated from the analyst firm marketing praktycy.com – is around 33 percent. Record is Raiffeisen Bank, which offers interest-bearing loans, in fact, at 49 percent.
Other examples? There you go. The Bank Pekao SA and PKO BP PLN 2,000 loan requires the borrower to repay the approximately 2,350 PLN in the next 12 months and the monthly installment amount to about PLN 195, which means RRSO at around 34 percent.
It may, therefore, a credit of a credit card? God forbid. For example, having entered into a commitment on your Citibank Visa Platinum 2000 USD to be paid in 12 months we have over 2675 €. What’s more, the owner of the card but the first installment is required to file the annual fee for the use of it, which in this case was as much as 450 €.
If you do not have sufficient credit capacity of the customs-cleared with the bank kwitkiem. Then lend to financial institutions that offer so-called. “Chwilówki”. Quickly and without certificates, you can get to 7000 €. But it cost. Institutions involved in błyskawicznymi cash loans, Provident example, set a very high percentage rate of the loan. For example, for the amount of PLN 3,000 borrowed for 28 weeks and przyniesionych traveler by Provident to home (he also is receiving installment) weekly installment will be 176 PLN, 654 PLN cost loans., A “transport” the additional money it cost 1285 €. So RRSO will be 108 percent!
Recently, however, on the Polish market is an alternative to bank loans and institutions parabankowych. Speech by społecznościowych loans online (called social lending). People lend each other money through the website. How is lent on the web? A bit like in the listing. The beneficiary specifies the time and the proposal of repayment of interest for the potential investor. If you create a sufficiently attractive “offer”, he objected to the potential lender that there are those individuals wishing to invest their surpluses. Interest rates on social sites lendingowych varies depending on the rating, or high-risk borrower, between 4% and 20%. The average interest rate on loans for example, to smava.pl is 14% (RRSO) – says Mariusz Wszołek with praktycy.com, serving the marketing portal.
August 22nd, 2009 at 6:50 am
In order to maintain liquidity small companies often have to use the credits. Even a brief delay in payment for the invoice can effectively paralyze the current activities of the trader. There is a problem with the financing of future orders, timely settlement with the suppliers of media, whether the payment of dues to the tax authorities. Very often a small company is delaying payment loses credibility, it can not honor the contract and shall be liable to the harsh consequences. Many entrepreneurs need, even the simplest form of credit to secure the ongoing activities. As a rule, the usual sufficient credit limit in the company. Banks also offer an alternative solution, which in the case of short-term loan may be significantly cheaper. The credit card company.
Bankier.pl indicates that the product in Poland today has only 12 banks, but the West has long been in widespread use. In our “kredytówka” has been particularly among customers who can choose from dozens of different plastics. Compared to an offer for the company to detail waist is much poorer – businesses can choose from among 16 cards available on the market.
Experts point out that most small businesses use the debit and charge cards. The former do not have a credit function – charge on account of the company to keep the level of available resources. Card charge (load) that offer true access to credit (hence the very companies are often offered as a “credit”), but in fact are devoid of the usual features of most credit cards. Charge cards allow businesses to use the loan within the given limit, but every month has to account for the debt incurred as a buck.
Your credit card works differently. The customer has to pay back the debt of 30 days and 27 billing days and called. grace period. If at that time pay their debt does not pay interest. If you do not has time, the bank begins to charge the rate of interest and commitment is treated like a normal loan. The only requirement is a monthly payment of a minimum – about 5 percent. In practice, this means that a trader can benefit from even 57 days until the loan without paying interest. Such opportunities do not provide other products, such as popular among companies in the limit.
August 19th, 2009 at 7:17 am
U.S. authorities have arrested a man they accuse of stealing 130 million credit card numbers, which would be the largest event of its kind found in the country. According to the Miami Herald newspaper, Albert Gonzales, 28, worked with two other people into the computer systems of financial institutions to get the private data of clients and the codes of the cards.
Apparently, Gonzales, who lives in Miami, is accused of similar offenses and other pending trial on another case of computer theft.
The detainee is a hacker who signs their actions on the Internet and using the alias Soupnazi media has attacked the servers of companies such as 7-Eleven and several U.S. supermarket chains. For the offense, Albert Gonzales could face a sentence of 20 years in prison.
August 19th, 2009 at 7:16 am
The head of the armed forces of Israel has been mentioned as a victim of a soldier who stole data from your credit card and went on to traffickers in stolen weapons, Israeli media said Sunday.
The military police said that the soldier used his cell phone to take pictures of a credit card that belonged to Lt. Gen. Gabi Ashkenazi, and then gave them to traffickers, who used to make purchases.
The soldier is also suspected of stealing a gun from the office of Ashkenazi in the Defense Ministry in Tel Aviv. Channel 2 TV said the weapon was a gift from a U.S. general.
Ashkenazi’s identity was made public on Sunday after a military court partially lifted an order of silence on the case, which was initially reported to involve a “senior official”.
The soldier was arrested last month and linked to an attack on a security guard with automatic rifle was stolen while he was serving in the Ministry of Defense.
On Tuesday, an Israeli general resigned after it was discovered that he had lied in a minor traffic incident.
August 19th, 2009 at 7:16 am
Personal Safety BBVA discovered last weekend that a cashier of the branch Bank of the street, particularly where it is directly opposite the church of San Antón, the Casco Viejo in Bilbao, was manipulated, according to sources confirmed yesterday Department of Interior. Specifically, the guards found on the keyboard ‘device duplicate credit cards, and immediately warned the Ertzaintza. The discovery occurred on the evening of Saturday, August 15, at an ATM located in the street.
The officers inspected the vicinity and came to identify three individuals allegedly involved in illegal activity, but were finally released not found sufficient evidence of their involvement in the events, said an Interior Department spokesman.
Technicians removed the double keyboard, with which the criminals made copies of cards, and device for extracting money returned to normal service. However, the Police Force maintains the investigation, since in recent hours have been at least five complaints of duplicate credit cards, three of which would relate to the cashier of the BBVA bank in the street, pointed to the same sources.
Reader-writer
It is not the first time it detects this type of crime in Bilbao. In February 2002, when he began to hear talk of duplicate cards, which fell a banda falsified bank documents at a gas station Bilbao. The group, through a co-dependent of the service station using a reader-recorder tapes the size of a mobile phone.
The worker is kept in his pocket, and when the entry into a potential victim, covered her card, went into the back and simply made a copy. This information was then transmitted to a computer and turned over another card, stolen or unused. The new ‘visa’ and was ready to be used with impunity in any payment, then rested on the original owner.
The victim was not aware that he had emptied the account until you notice an ATM that did not have balance or charges was that he had never performed in local hotels or relaxing.
