Category: Uncategorized

What Happens If A Pensioner Is In Debt?

by Roy Rudd

Banks are wary of retired borrowers, as their income often does not meet the requirements for solvency. As a result, arrears arise, fines are charged. Bankers have to go to court to obtain an order for a enforced recovery, and now the task of the bailiff is to ensure the implementation of the court order.


Pensioner owed loans

Pensioner owed loans

When organizing a forced recovery from the income of retirees, they are guided by the norms of federal legislation - Article 99 of Law No. 229-ФЗ and Article 138 of the LC RF. According to the laws, according to the writ of execution, an FSSP employee is entitled to withhold up to half the income of citizens. Since for elderly people the only cash income is often only a pension, they will repay the debt to the credit institution from the PFR deductions.

The limit of 50% deduction can be exceeded only in the event of debt collection for alimony payments in favor of children, or in case of compensation for harm to health, on the occasion of loss of the breadwinner or for damage caused by the criminal actions of the debtor. In the above cases, the pension is reduced to 30%, and the rest goes to pay off the debt.

If there are several court decisions on enforced collection, according to Article 111 of Law No. 229-FZ, some sequence is set up in the prioritization at maturity:

  1. Debt for alimony payments, in case of damages, including compensation for non-pecuniary damage, are repaid in line 1.
  2. Funds recovered as part of the payment of severance pay and earnings of employees hired under the contract, money for remuneration to the authors of the intellectual product, shall be reimbursed following the list.
  3. This is followed by payments overdue as part of mandatory contributions to the state and extra-budgetary fund.
  4. The latter are satisfied with other financial claims of citizens and organizations.


What if the pensioner is in debt?

pensioner is in debt?

Thus, the lender’s financial claims are satisfied only when the debt to minors, hired personnel, and the state has been paid. At the same time, there is no provision for partial fulfillment of the requirements of different priority. Payments occurring sequentially. Only if there are financial claims of a single turn, the income of the pensioner is distributed in proportion to the amounts of debt that are stated in the executive documents (see paragraphs 2.3 of Art. 111 of the law on enforcement proceedings).

Faced with the impossibility of fulfilling credit obligations and a court decision on the compulsory collection of credit debt, the pensioner is advised to contact the bailiff who initiated the enforcement proceedings and agree on the collection procedure in order to avoid misunderstandings about blocking accounts and cards for which social contributions are paid.

THR Can Help You Get Out Of Debt Problems

by Roy Rudd

The holiday allowance or often referred to as the 13th salary is usually given by the company to its employees ahead of Eid al-Fitr. For most people, THR is used to buy new clothes or basic necessities on Eid. However, not many see THR as the key to getting out of debt problems. Inappropriate THR allocations sometimes even make you apply for debt to meet your needs during Eid.


Debt Calculation

Debt Calculation

Indeed, ahead of Eid al-Fitr many expenses must be borne, starting from the increasing price of basic necessities, the cost of homecoming is not small, to spending on the E-day of Eid. For those of you who have credit card debt or KTA debt, of course your debt will be a burden as long as you spend the Eid holiday in your hometown. With THR you receive, you can get new opportunities to start your days without worrying about debt.

Usually you will get THR from the company with the following calculations:

(Work period x salary nominal per month) / 12 = THR amount you receive


You get a salary of Rp. 6,000,000 per month and you have worked for 7 months, so the amount of THR you get is: (7 months x Rp. 6,000,000.00) / 12 = Rp. 3,500,000.00

If you have worked for more than a year in your company now, then the amount of THR you get is 1 time your monthly salary.


With the THR calculation you receive

With the THR calculation you receive

You should be able to plan your 13th salary distribution well, even long before you receive THR so you can make the best use of THR. If you have credit card debt or KTA debt, one of the best steps to take advantage of THR is to allocate it to pay off your debt. In this month of Ramadan, banks offer relief programs for those of you who want to pay off your credit card debt or your KTA debt. Lightening programs such as rescheduling or deductions for those who want to pay off your debt at once. The THR that you get you can use to pay DP reschedule (which is usually 10% of the remaining debt or 1 month installments for KTA) or to pay off your debt directly. You can use the programs offered by this bank to get out of debt

Quoted from DKFinance, financial planner explained that the priority scale for THR must be carefully planned. Of the total THR received, 30% can be allocated to pay debts. The allocation that can be deducted to be transferred to debt repayment is the vacation allocation, because the allocation for the needs of Eid is basically inviolable. With a percentage of 30% of total THR, you already have enough funds to move one step closer to debt-free life.


As a company offering debt repayment negotiation services with banks

As a company offering debt repayment negotiation services with banks

GGC Finance international Indonesia is here to help you who want to negotiate your debt. With a team that has experience handling various KTA credit and debt card debts, GGC Finance can help you get out of debt and start a new start. You can also consult for free about your credit card debt or KTA debt problems with us.

How? Are you now starting to think about allocating your THR to pay off your credit card debt or your KTA debt? If yes, congratulations! Your smart move will lead you to a new beginning, which is debt free life.

Borrowed Money With Dirty Name Do I Need Urgently?

by Roy Rudd

Money borrowed with dirty name in banks and financiers, do you believe it is capable if you can carry out this kind of financial operation in Brazil? Being with the dirty name implies a series of restrictions and vexations, it is practically unavoidable the failure to obtain credit in the square. Everyone knows that the lender looks irregularly at the person who has failed to honor their credit and financial commitment and so will be subjected to the inability to get approved for a new loan , financing or credit card.

This means that you have not paid your credit obligations in the past, as the dirty name has no right to solicit them in private or public financial institutions, especially conventional personal loan, credit limit, overdraft and general financing.

But Carla, the "payroll loan lends money to anyone with a dirty name on the square ." Actually, borrowed money with dirty name on the payroll is not a problem, since, who guarantees the loan is not the contractor but the body that he belongs, for example: public employee, retired and pensioner of the INSS and employees of private companies.

How to get money borrowed with dirty name

 How to get money borrowed with dirty name

For these dirty-named people to borrow money, companies or the organs need to have covenants for it. So in fact if the "dirty-named person" could not give that guarantee, she could not get the loan, either.

In Brazil this type of credit practically does not exist, except for a few exceptions, when it has, the interest is so high that it is better to continue with the debts. In some cases, the candidate for   loan with a dirty name still needs to join or become a member of some cooperative or class association. Fortunately or unfortunately the credit market still does not look to the debtors with due respect. Here in Brazil, the Debtor is regarded as a deadbeat and therefore has virtually no right to anything.

Legally getting money borrowed with dirty name is not easy, it's very complicated. I know some legal companies that lend money to those with a dirty name - for individuals, interest is almost double - the amounts released do not exceed R $ 1,500 reais in 8 times at most. Catching up with lender who makes moneylender is a shot in the other foot in the head, run away from them!

Going crazy, going crazy, banging your head on the wall, despairing too will not do any good. The most appropriate is to list all your debts, get in touch with each of your creditors, the cards ask the blockade not to continue to run interest, then negotiate, financial debts, talk to the lender, divide several times of small values , if it is a returned check, one-to-one redemption, and so on until it has a clean name and credit in the square again.

Keep in mind one thing, my dear web surfer and reader of the Blog, the possibility of getting you more than $ 1,500 reais with dirty name in SPC and Serasa is almost null, especially if you do not fit the situations explained in the third paragraph.

Dirty name limits credit, loan and new job

Still unable to clear the name of SPC and Serasa

Borrowing money through personal loans or bank and financial financing has become a very promising business in Brazil, so much so that we currently see national coverage in the disclosure of credit offers for all types of bank and non-bank clients.

Borrow money

Borrow money

One of the financing companies that has offered the most "borrowed money" is the Crefisa financial loan even if the person has the name dirty, it is possible to get loan in the dozens of stores scattered throughout the country.

CredCard is also another credit financing company that has invested heavily in advertising for those who wish to apply for personal loans with exclusive facilities, especially for those who are already a client and who have a Card from the issuer.

Borrow money depending on the modality or the credit line the interest rates are very high. Banks charge high fees for overdrafts, Financials apply interest rates out of the reality for those who are not a frequent customer and the Card Administrators are offering financing operations of invoices and even personal loans to install on several occasions, however, it is good analyze first before concluding any deal with Card Issuers and Administrators.

Who wants to borrow money should ..

Those who wish to "request money" using the pre-approved loan, find rates little more attractive, however, the cost of money varies according to the profile and relationship of the client with the financial institution, is still an expensive operation, given the fact of being a loan with no guarantee to the creditor (Bank). The higher the credit risk, the higher the interest rate applied.

We all know that banking and financial institutions offer lines of credit to lend money at lower and more attractive rates, such as financing for the purchase of goods and the payroll loan with maximum interest of 2.14%. It is enough for the client to know which line of credit is best for making the most suitable loan application .

If you are willing to borrow money from a bank or financial institution beforehand, plan how much you want to borrow, how much you pay, and what type of loan you are eligible for. Determining the amount, the form of payment and the lending institution can affect directly in your pocket, for more or less, you are the one who decides.

See too:

  1. You really need to borrow money.
  2. Personal loan to invest with borrowed money
  3. See where to borrow money
  4. Borrow money from banks and financial institutions
  5. Borrow money with the dirty name?
  6. Do you need a lot of money to borrow?
  7. Who needs borrowed money raises the hand
  8. Borrowed Money, Credit Banks and Loans?

Borrowing money is not free money

If you are borrowing money, which is sometimes super essential, you have to understand that you are not only taking money but are also paying interest rates, taxes and additional fees, and can also limit what you can do financially future.

Instead of continuing to spend without need for example, you can double your efforts to repay this debt and perhaps other credit card debt.

One more thing, be careful not to fall into the scams, scams and scam of the loan with restriction name on the dozens of sites that are infesting the internet.

Consigned Credit: What is it? – Low interest

by Roy Rudd


What is payday loan?

 What is payday loan?


Paycheck credit is an indirect payment loan, where the installments are deducted directly from the payroll of the individual or the INSS benefit, before the person receives the money. As long as there are installments to be paid, the money will continue to be discounted monthly. This is a guarantee that financial institutions have to receive the installments on time.


Who can take payroll deductible credit?


 Who can take payroll deductible credit?


Only employees with a formal contract, civil servants, military of the Armed Forces, pensioners or retirees of the INSS can take payroll deductible credit, since the portions of the loan are deducted directly from the payroll. However, workers with a formal contract can only request the loan if the company they work with has an agreement with a bank. Civil servants, pensioners and retirees by the INSS have more advantages, since banks assume that their financial stability is greater.


Borrowed to negative: Get even negative loan. How to make? Which bank?

Banks with lower rates for payroll loans

 Banks with lower rates for payroll loans


Payroll-deductible loans for employees of private companies

Bank Monthly interest rate (%) Interest rate per year (%)
HSBC 2.20 29.81
Federal Savings Bank 2.41 33.00
Santander Bank 2.56 35.45
Bradesco Bank 2.74 38.26
Bank of Brazil 2.75 38.42
Itaú 3.05 43.47

Credit Consignment for INSS retirees and pensioners

Bank Monthly interest rate (%) Interest rate per year (%)
HSBC 2.00 26.78
Federal Savings Bank 2.03 27.22
Bank of Brazil 2.13 28.78
Itaú 2.13 28.82
Santander Bank 2.13 28.83
Bradesco Bank 2.19 29.63

Payroll deduction for civil servants

Bank Monthly interest rate (%) Interest rate per year (%)
Federal Savings Bank 1.73 22.89
Bradesco Bank 1.76 23.26
HSBC 1.86 24.80
Santander Bank 1.91 25.46
Bank of Brazil 1.97 26.31
Itaú 2.27 30.95

These rates are constantly changing. So always compare rates before deciding for a bank.

Necessary documents and restrictions to obtain consigned credit

 Necessary documents and restrictions to obtain consigned credit

  • RG
  • CPF
  • Updated proof of address (less than 90 days of issue)
  • Updated statement of the INSS salary or benefit.

Advantages of paycheck credit

 Advantages of paycheck credit

Paycheck credit is safer for borrowers, since the charge is made directly at the source. It is also advantageous for the debtor as it slows down the job of going to the bank, doing the service manually or even forgetting to pay. These factors contribute to this type of loan having lower interest rates than overdraft, credit card, or other personal loan modalities, for example.

Know all the benefits of payroll deductible loans (not a few), read: Why paycheck loans? What are the advantages?

Step by step to get payday loan

 Step by step to get payday loan

Step 1 - Check the conditions of your benefit

To get payday loan, you need to know if it meets the required conditions. Check below the main requirements and remember that they may vary according to the financial institution of your choice.

- Work in a joint venture company or be retired or permanent pensioner of the INSS;
- The benefit received allows the purchase of a loan;
- The amount of the benefit does not exceed 30% of your salary or monthly benefit;
- Subject to INSS approval;
- Equal monthly benefits are deducted directly from your salary or benefit;
- Obtaining subject to approval.

Step 2 - Sign the contract

After submitting the necessary documentation and checking for the required conditions, sign the contract to receive the payroll loan of the bank to which you requested.

Step 3 - Using credit

Once payday loan is available you can use it for whatever you want.

Simulated Payroll Loans

 Simulated Payroll Loans

Before applying for a payroll loan it is essential to compare the updated rates between banks. The Low Interest website offers this service for free, in a practical and quick way. Just fill out a brief form with the information regarding the loan you want. Once you have chosen the type of simulation, you will receive a list of all the banks that offer this loan, with their respective rates. So just choose the bank of your choice and follow the instructions given to complete the process!

Click here and compare interest rates among various banks!

I have a financial reserve, should I apply for payroll deductible credit?


In this case, even if payroll loans offer attractive interest, it is always better to use the financial reserve to afford financial commitments.

This prevents you from incurring debt and complicating the future with the installments.

Never make more than one payday loan. By the ease of getting this mode of credit, some people end up borrowing more than one loan - making the income too hard. Do not do this, just borrow another loan after you take out the first one. This avoids compromising your monthly income.

There are also other points that must be evaluated prior to the decision to obtain the payroll loan, so that it can be used in the best way. Read the full article on : Learn How to Better Use Payroll Credit!

Do not commit more than 30% of your monthly income


This is a standard tip. Make the accounts of your fixed and variable expenses, if the remaining amount is more than 30% of the total amount, you can even resort to a payroll loan. But if this account does not hit, look for institutions that install the debt more often so as not to commit 30% of their monthly income.

What happens if I hire the consigned loan and are fired or lose my job? Read: What to do with the payroll in case of resignation?

Many people do not know, but it is possible to know how much you can take in the INSS payroll before you even have the benefit released. So you can check if the value is in agreement with the plans. Tips on how it is calculated and simulations, read: Learn how much you can get on the INSS payroll and how it works!

Got some extra money!


Did you receive a sum you did not expect? Do not waste it. Use this money to anticipate consignment credit installments. In addition to shortening the term to repay the credit, you have interest rebate.

What is the best loan: Payroll, with guarantee or credit?

All these loan modalities have advantages and disadvantages. That's why you need to research, as well as be careful to choose one of them. Read the full article: Choose the best loan: payroll, with guarantee or credit.

How to Hire Payroll Credit

 How to Hire Payroll Credit

Now that you know how paycheck credit works, it is worth remembering that only being able to adhere to this type of credit requires that you work with a registry in the portfolio, whether a civil servant or an INSS beneficiary.

There is no shortage of financial institutions that work with this type of operation. Search for at least 4 institutions and analyze the one that offers the best conditions. And do not forget, when closing the deal, take your RG, proof of residence, work permit and holerites. Find now the place to get your payday loan! Read: Payroll Loan: Which Bank Is Best? Where to do it?


Credit Card and Credit Score | Credit

by Roy Rudd

Credit card and credit score

 04 Jun  Credit card and credit score  

Normally a credit card is very useful. These allow you to purchase products or services instantly and pay for them within a certain period of time. But what happens when you have a bad management of them or you use them for your business?

If you use your credit card to finance your business, you are probably paying a higher interest rate than a specialized financial institution for SMEs and businesses could offer. You must keep in mind that the main use of credit cards is personal. Otherwise, this can affect your credit score.

The credit score is the score you get according to the handling of your credits. The amount of money in credits you have obtained and the payments you make for them. All this information is detailed in your credit history.

How does its use intervene in the score?

 How does its use intervene in the score?

The use you give and the way you organize payments for your credit card affect or benefit your credit score. Keep in mind that late or not pay, could generate a bad rating and close the doors with institutions to continue obtaining larger credits.

To improve it, you must be punctual in the established payments and not ask for credits that you do not really need. When you have a high credit score you have the benefit of being able to increase your line of credit.



If you have debts, the first thing you should do is try to pay them off little by little. And if you specifically used that money for your business, there is a possibility that they can acquire your debt and re-finance your SME properly. A greater benefit of this is that your debt is centralized in a single loan and with lower interest, so you only have to worry about one.

You can also organize yourself and not grow your credits until you can finish paying what you owe. It is important that you be aware of the payment capacity you have and thus help improve your rating.

Another tip, is that if you are still starting to know more about finances, the ideal is that you have the minimum number of credit cards. Learn to manage your money and stay stable with a good credit score.

How you can realize the use you give to the credit card implies responsibility and better decision making. Above all, you should look at what they offer you; like the CAT or extra benefits, better rates, lower commissions, etc.

Your business needs adaptive loans designed for growth. You should know that these exist and are totally different from what a credit card can offer you.