December 31, 2019 admin

Information, explanation, verification: lending institutions have been subject to these three obligations since the Cogilaw Company of 2010, in order to protect borrowers and reduce the risks of over-indebtedness. However, organizations that offer loan consolidations are not subject to a warning requirement in the same way. New case law In law, there is the law and its application, which very often also (and above all) refers to case law. The case arose last spring for a credit institution, which was criticized for not having warned a couple in connection with a repurchase of credit to restructure their debts. The Court…

December 28, 2019 admin

Large French groups have recently issued perpetual bond debts. In the case of debts, the traditional reflex leads us to believe that these securities issued are part of the debts on the liabilities side of the balance sheet and that the interest paid is recorded as an expense in the income statement. We will see that the analysis conducted under IFRS can lead to qualifying these debts as equity instruments with all the consequences involved.   Issuance of perpetual bond debts Take the example of the EDF group, which in January 2013 issued several tranches of indefinite subordinated securities in…

December 27, 2019 admin

Nowadays, whenever we need money, we can easily borrow it. An easy loan for those in debt is available without leaving your home. It doesn’t matter how much we need: USD 1,000, USD 5,000 or even 25,000 USD. If we can get additional financing so simply, we must quickly give it away. Depending on the period for which we will take the loan, you must pay the installments on time. We can get a prompt in case of delays. What should you do with him? How much does it cost? What is the prompt? Simply put, a notification is a…

December 13, 2019 admin

Have you ever asked for funding for an extra or unforeseen expense (damaged the car engine or needed urgent surgery, for example), but never quite understood which option you should choose? Both credit card and loan applications are valid solutions for such situations, but there are some differences between them. Learn to distinguish and find out which one is best for you. Credit card and personal credit are personal finance tools available for you for a variety of purposes. Both provide a line of credit that allows you to get money quickly and pay it back later in installments. Although…

December 2, 2019 admin

A budget is useful for everyone, especially for those who want to repay their debts. It is actually an important component of any debt repayment plan, which will help you eventually stay in control of your finances. Our partners at Astro Finance have helped millions of Canadians pay off their debt faster with their consolidation loans. Check out their top tips on budgeting here to help you pay off your debt in no time.   List your income and expenses Review your debit or credit card transactions for the past few months to assess the amount of money you are…