August 7, 2019

Loans for seniors: offers a repayment installment.

The 60+ generation uses consumer finance lending much more frequently today than it did ten years ago. With a repayment rate of 98%, not very young borrowers prove particularly reliable. It is all the more incomprehensible that many banks no longer lend money from the age of 58. The Credit bureau Credit Compass 2012 is particularly detailed on the credit usage behavior of the 60+ generation. In the age group 60-64, the proportion of persons with a loan has increased by 41% in the last ten years. In the group of 65-69 year old Germany’s most important credit agency recorded an increase of 26%. Among the 70-74 year-olds, the increase…

August 1, 2019

This is the type of saver that suits you a term deposit

The number of people who have decided to place their savings in the financial sector in Colombia grew last year compared to the previous years, being approximately 1,400,000. This shows that the culture of saving and prevention is growing in the country, although much is still missing. Among the options to save and at the same time generate profits are the Term Deposit Certificates, which have become one of the favorite investment instruments of Colombians, mainly because they are easy to use and do not represent any risk. However, there are some factors to consider before requesting a Term Deposit Although it is a well-known instrument, it is not ideal…