• What is consumer credit?
The personal loan or consumer credit is a banking product that allows you as a customer or supplier, receive a certain amount of money (called principal of the loan) from a bank (lender) in exchange for a commitment to return such an amount, with interest, by regular payments (called quotas).
They are called personal because these types of loans the agency does not usually have a special guarantee for the recovery of the amount borrowed. So are secured generically present and future assets of the debtor.
• When you pay for consumer credit?
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The loan classic
This is the most traditional credit, colloquially known as “deferred payment”. Through this funding the consumer requests the amount of their purchases.
It is a fixed-term credit, so that from the outset known within the consumer and the number of installments to be paid for the full repayment of the loan.Usually apply fixed interest rates.
• The revolving credit:
Typically is articulated via a credit card as a more specific form of payment thereof.
This is a line of credit with which to make money provisions to the extent authorized. Limit to be reconstituted with the installments paid. Thus the owner always has a reserve of money available for the purchase of another product, without having to apply for another credit for every purchase you want to perform. The interest rate is variable.
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Childcare, gardening work, assistance with walking and acts of everyday life … it is sometimes necessary to use his personal vehicle, that of his employer or family help. What declarations must be made to the insurer? Who is responsible in case of car accident? What assurances will occur?
The use of personal vehicles
The use of “home-work” does not include travel. The driver who uses his car for business purposes must be declared to your insurer. Generally, it is the custom “business” or “professional” to be included in the insurance contract.
Even when the caregiver is employed by a company that usually assigned a vehicle, it may happen that he occasionally uses his own vehicle for the purposes of its functions. In this case, it should ensure that the employer has taken out a “contract mission,” which plays in an automobile accident that occurred on this occasion.
The use of employer’s vehicle
- The employer is a corporation or association which is a vehicle available
The liability of the employer, as custodian of the vehicle used for business purposes, or the driver is covered by auto insurance.
- The employer is an individual service recipient
It should alert the insurer to conduct occasional consideration by a third party.
The use of the vehicle’s particular service recipient without the employer
Every driver is insured under compulsory third party insurance. However, the pipe is made for consideration by a third party, even occasionally, should be reported to the insurer for this purpose.
The compensation for road accident
That the vehicle used is that of helping him, his employer, or family helped, compensation for injuries and damage depends on the status of the victim (driver or third), guarantees of the insurance contract and responsibilities in the car accident.
Personal injury and auto insurance
The insurer will indemnify the vehicle under the liability coverage. Passengers have the quality of third party and will therefore also compensated.
In the absence of others, the driver will receive the benefits provided by the compulsory social security. If he is employed, the car accident will be covered under the legislation on occupational accidents.
The compensation is not complete, it is prudent to verify that the auto insurance policy provides coverage individual driver.
If a third party is involved, the driver’s compensation depend on the degree of the offense he may have committed.
Property damage and auto insurance
- The driver is not responsible for a traffic accident
In this case, the damage will be compensated. Having completed an accident report will accelerate the time for compensation.
The driver is responsible for a traffic accident
The insurer will compensate the damage of the vehicle if it is provided by the auto insurance collision damage in all accidents or damages.
The variations of accompanied driving
The Early Learning of Conduct (AAC)
This allows learning, from 16 years after initial training in driving schools, to gain driving experience under the supervision of an attendant, traffic conditions in the most varied possible, before the passage of practical tests and obtaining a driving license.The candidate must first have passed the test code and completed at least 20 hours of driving in driving school.
The supervised driving
Candidates of 18 years and older, enrolled in driving school, may complete his initial training by a phase of supervised driving to acquire more experience before passing the practical test. As for the supervised driving from 16 years, the candidate of 18 years and older must first, have passed the test code and completed at least 20 hours of driving driving school. It is the teacher who allows the person to opt for this possibility by the degree of vehicle control, skills and behaviors they have observed the candidate. Read the rest of this entry »
Published on May 7th, 2012 in
News
The Association of Mutual Insurance and Cooperatives in Europe (AMICE) has published a statistical study that tries to illustrate the size and market share, and the legal history of this type of insurance in the EU. “The general situation is amazing,” said Asmo Kalpala, president of the association. “The mutual and cooperative insurers cover more than one third of European citizens and have a market share of over 25%.” The report also shows that a total of 6,000 European insurers, 3,300 are mutual and cooperative insurers, employing 300,000 people.
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Took stock of the main issues that revolve, in the first quarter, the queries of clients served policyholders and insured, noting changes in their behavior. Thus, it has detected an increase in inquiries about requirements for removing insurance policies Health, Accident and Household and increased consultations on what to do when the insurer has to collect the unpaid premium. Consultations have also grown to meet the requirements of the Act for the recovery of pension plans.
In addition, “we found that many insurers a few years ago did not undertake legal action against makers who did not pay the premium, limited to terminate the policy for this lack of payloads, currently on a civil claim based on the policyholder Article 22 of the Insurance Contract Law, “the company explained.
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Published on May 5th, 2012 in
Budget
The Germans set date back less money than in autumn 2011 and save more for future purchases. This emerges from a survey of building societies to private savings behavior of the Germans, who performs TNS three times a year for the association.
Sun 58.5 percent compared to 57.6 percent called last fall to “Consumer / Subsequent purchases” as the most important savings goal, and replaced so that the “retirement” to second place. At the third spot with 50.5 percent followed as in previous surveys, the project for “acquisition / renovation of residential property” to save. Overall, the proportion of those who want to put money for a rainy day, decreased by 7.0 percentage points. For the non-savers, however, there was an increase of 6.6 percent.
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Finance expects 19.1 million in the campaign statements of income, of which 14.6 million will go back for an amount close to 11,000 million euros.
From tomorrow until July 2 taxpayers can go to the offices of the Inland Revenue to manage the income statement for the year 2011, although attention online and by phone and began on April 10.
Finance expects 19.1 million in the campaign statements of income, of which 14.6 million will go back for an amount close to 11,000 million euros.
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Published on May 3rd, 2012 in
News
Revealing the keys on the prohibition of cash pay over 2,500 euros…
The Government today approved measures to reduce tax evasion, among which the prohibition banning cash pay over 2,500 euros. Revealing the keys on this initiative.
The Government today approved measures to reduce tax evasion, among which the prohibition banning cash pay over 2,500 euros. Revealing the keys on this initiative.
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More and more older people have trouble making ends meet. Although the Government of Rajoy earlier this year raised pensions by 1%, this increase has been offset by a temporary rise in income tax and the establishment of pharmaceutical co. At this point, when it is necessary to find alternatives to supplement our income in the last stage of life.
One option may be to hire a reverse mortgage. And according to a report by the Group Retreat, 83% of elderly own their homes and 87% prefer to live in them, even if alone. Ie, 85% of the savings is concentrated in ‘brick’. Given this, one option is to hire the ‘reverse mortgages’ or ‘estate annuities’
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