8
Nov

How to defer payments to the Administration if you are autonomous

Many freelancers have always looked with envy at the ability of large companies to defer payments to the Administration. Many lose their sleep if the management of the treasury fails and liquidity is scarce when the key dates to pay a due date or pay the commitments with the Treasury arrive.

Now, that possibility of negotiation is on the table and can mean the difference between a company breaking or that can overcome a bad patch.

Postpone payments to the Administration - Domestica tu Economía

It is worth remembering that with just one day’s delay in the payment of any commitment to Social Security this body applies a 20% surcharge on the amount to be paid. If in 15 days this commitment is not complied with, an administrative claim procedure is initiated that in the worst of cases may result in the seizure of the necessary assets to settle the debt.

To avoid this risk, small entrepreneurs and self-employed persons with liquidity difficulties can defer payments to the Administration, up to five years. If the debt is less than 30,000 euros, the process can be carried out without providing any guarantee.

The first public body that allows this management is Social Security with most of its commitments such as fees, surcharges or pending penalties when these exceed twice the minimum interprofessional salary. Of course, there are exceptions. Can not delay in any case the fees that cover the coverage for work accidents or those of the workers in charge.

To qualify for this possibility there is a prerequisite to comply and is to be up to date on all payments and request the postponement before the end of the period of voluntary payment of these commitments and, of course, before the Treasury initiates a procedure legal to claim your payment that could end in a lien.

The procedure to defer payments to the Administration, in case of being autonomous, is not difficult. However, as a taxpayer, the self-employed worker should be clear that he is responsible for complying with all the requirements and deadlines and not expect any communication from the Administration.

Postponement of payment to Social Security

For example, you will need to submit the official deferment request form known as TC17 / 10, which can be downloaded from the Social Security website .

The management to defer payments to the Social Security should be based on a whole rosary of official forms :

  • TC17 / 11.- Model of recognition of debts with the Social Security, which also has its own official model, and with a proposed amortization schedule for the delayed debt.
  • Settlement TC can not be postponed
  • Deferrable settlement TC
  • TC2 with the relation of the workers of the company
  • Depreciation document and deferred debt calendar.

In addition, the Administration may request at any time any other requirement it deems necessary.

In case of having a digital certificate the process can be done through the electronic headquarters of the Social Security. Otherwise, the management must be in person at the Social Security office that belongs to him depending on the place of residence or in the Provincial Directorate of the General Treasury of the Social Security.

Once all these requirements have been presented, the procedure establishes a period of 10 days to correct errors or complete the application and another of 3 months for the Administration to accept or reject the application.

Payments for VAT and IRPF can also be postponed

After the uproar caused in December 2017 with a Royal Decree published on the second day of that month that sought to avoid the postponement of debts with the Treasury, the Tax Agency itself made it clear on January 13, 2018 that the self-employed can postpone their commitments tax both VAT and income tax to a maximum of 30,000 euros, without providing guarantees, for one year. Only if the taxpayer shows that he has not collected the invoices for which he has to pay the VAT, the delay can be extended up to 36 months.

In these cases, the application procedure to postpone payments to the Administration, specifically with the Treasury, is very similar to the one that must be followed with the payment. Both the model 303, self-assessment of VAT, and 130, with which quarterly payment of the IRPF installment payment, have an option to recognize a debt and postpone it directly.

Posted in Uncategorized
8
Nov

How to defer payments to the Administration if you are autonomous

Many freelancers have always looked with envy at the ability of large companies to defer payments to the Administration. Many lose their sleep if the management of the treasury fails and liquidity is scarce when the key dates to pay a due date or pay the commitments with the Treasury arrive.

Now, that possibility of negotiation is on the table and can mean the difference between a company breaking or that can overcome a bad patch.

It is worth remembering that with just one day’s delay in the payment of any commitment to Social Security this body applies a 20% surcharge on the amount to be paid. If in 15 days this commitment is not complied with, an administrative claim procedure is initiated that in the worst of cases may result in the seizure of the necessary assets to settle the debt.

To avoid this risk, small entrepreneurs and self-employed persons with liquidity difficulties can defer payments to the Administration, up to five years. If the debt is less than 30,000 euros, the process can be carried out without providing any guarantee.

The first public body that allows this management is Social Security with most of its commitments such as fees, surcharges or pending penalties when these exceed twice the minimum interprofessional salary. Of course, there are exceptions. Can not delay in any case the fees that cover the coverage for work accidents or those of the workers in charge.

To qualify for this possibility there is a prerequisite to comply and is to be up to date on all payments and request the postponement before the end of the period of voluntary payment of these commitments and, of course, before the Treasury initiates a procedure legal to claim your payment that could end in a lien.

The procedure to defer payments to the Administration, in case of being autonomous, is not difficult. However, as a taxpayer, the self-employed worker should be clear that he is responsible for complying with all the requirements and deadlines and not expect any communication from the Administration.

Postponement of payment to Social Security

For example, you will need to submit the official deferment request form known as TC17 / 10, which can be downloaded from the Social Security website .

The management to defer payments to the Social Security should be based on a whole rosary of official forms :

  • TC17 / 11.- Model of recognition of debts with the Social Security, which also has its own official model, and with a proposed amortization schedule for the delayed debt.
  • Settlement TC can not be postponed
  • Deferrable settlement TC
  • TC2 with the relation of the workers of the company
  • Depreciation document and deferred debt calendar.

In addition, the Administration may request at any time any other requirement it deems necessary.

In case of having a digital certificate the process can be done through the electronic headquarters of the Social Security. Otherwise, the management must be in person at the Social Security office that belongs to him depending on the place of residence or in the Provincial Directorate of the General Treasury of the Social Security.

Once all these requirements have been presented, the procedure establishes a period of 10 days to correct errors or complete the application and another of 3 months for the Administration to accept or reject the application.

Payments for VAT and IRPF can also be postponed

After the uproar caused in December 2017 with a Royal Decree published on the second day of that month that sought to avoid the postponement of debts with the Treasury, the Tax Agency itself made it clear on January 13, 2018 that the self-employed can postpone their commitments tax both VAT and income tax to a maximum of 30,000 euros, without providing guarantees, for one year. Only if the taxpayer shows that he has not collected the invoices for which he has to pay the VAT, the delay can be extended up to 36 months.

In these cases, the application procedure to postpone payments to the Administration, specifically with the Treasury, is very similar to the one that must be followed with the payment. Both the model 303, self-assessment of VAT, and 130, with which quarterly payment of the IRPF installment payment, have an option to recognize a debt and postpone it directly.

Posted in Uncategorized
8
Nov

Save on vacation without dying in attempt

New technologies, financial education, consumption habits … everything has changed in family budgets after the economic crisis. Good habits to save on holidays could not escape the new winds of the millennium.

Now that most of the Spaniards have gone on a trip or are about to do so, it is a good idea to go over and write down in our agenda “tips to save on vacations 2018” the habits that we did not meet in 2017 and those that would not be bad to add to our “Financial Precaution Protocol on Vacation”.

 

Enjoying a vacation is not incompatible with our well-deserved rest:

  • Adjusted to our budget.
  • Control of the expense at all times.
  • The safety precautions always recommended by entities, such as card payments, are observed.
  • Have a plan B for financial contingencies, such as travel insurance.

Summer vacations are usually an important chapter in family budgets of the year. Your financial preparation can be the key to a memorable vacation that does not contain unpleasant surprises.

Save upsets and unwanted expenses on vacations

It is therefore advisable to foresee all the contingencies that we can avoid on three different fronts:

Habits of consumption: We know it from other times, many times the frenzy of holidays alters our consumption habits. The demure and forward-thinking consumer we carry within is supplanted by that compulsive consumer profile with a desire to enjoy as much as possible that takes control of our pocket. Maintaining the responsible consumer behavior that we have promoted from Domestica tu Economía during the holidays will allow us not to encounter financial problems after the holidays:

  • Write down the expenses that are made in the day.
  • Keep all receipts of the purchases we make. Very important if we travel abroad.
  • Share budgets in group travel thanks to new technologies, such as collaborative consumer apps .
  • Limit meals away from home.

In addition, it is advisable before preparing the trip to read the opinions of the users and the comments about the companies, the city, the hotels and the restaurants that we have chosen for our vacations.

Control of expenses. Review the money we spent last vacation, identify the superfluous purchases we made last summer. These are some of the good habits that will allow us to reach the end of the 2018 holidays without a break in the current account. The best way to hold a runaway budget is to not use the credit card, pay as much as possible with cash or with the debit card. The payment in cash is recommended mainly in our purchases in local markets and souvenir stalls. In any case, monitoring the balance of our account regularly is a highly recommended task that is no longer an uncomfortable effort. It is not necessary to waste beach time and fun. With the new fintech applications you can control the status of our account and the outstanding balance of our credit card with a simple consultation on our mobile without getting up from the deckchair.

Insurance for incidentals. As far as possible, observe protection measures and cover possible incidents can be the key to a holiday with a happy ending. Studying what we have insured in our holidays can solve many problems and, above all, anguish. In this case, the credit card can be an ally of our vacations. In addition, we will have to study if it is worthwhile to hire the insurance that we usually offer when making purchases of tickets (lost luggage) and valuables (broken cameras, tablets). There are also covers for fraudulent use that has been made on the cards during the previous 24 hours. In addition, it is important to follow strict security rules in our electronic payments:

  • Do not use the free and open networks of shopping centers, cybercafés and airports to carry out transactions and purchases over the internet.
  • Have at all times the card cancellation phone to deactivate immediately in case of theft or loss.
  • It is also advisable to immediately consult the telephone number of the local police and the ambulatory and the medical assistance center associated with our health insurance, that of our children and that of the elderly, if they accompany us on the trip.

Nor is it easy to leave jewelry, watches and valuables in the hotel safe. It is also recommended to avoid thefts of our luggage leaving the car empty of personal items and suitcases when arriving at our holiday place. We should not convert our vehicle in an improvised storage room to store what does not fit in the apartment.

In short, if we observe these recommendations, we will not ensure a happy vacation, that depends on us. But we will avoid situations that prevent us from enjoying these rest days to the fullest. Vacations are also a test of aptitude for the responsible consumer.

Posted in Uncategorized
8
Nov

Shared economy, the new way between company and client

Today no one would understand their day to day without the existence of new technologies and their application to the shared economy, “sharing economy”, in English. The truth is that they are also present in the consumer habits and personal finances of families. Social networks, electronic commerce have become indispensable platforms for the development of companies and personal projects.

Shared Economy - Domestica tu Economía

What began as an adventure in a garage of some students with innovative spirit glass and a considerable weight in the generation of wealth of the current world. In a relatively short space of time, projects like Google, Facebook, Apple, Tesla have managed to compete face to face with the largest companies in the main stock exchanges of the planet that have taken decades and centuries to consolidate in the world market.

The crisis, cradle of the shared economy

The most important thing is that this adventure has only just begun. Interestingly, the businesses that emanated from the Internet in the last decade made their way and penetrated the spirit of consumers in the midst of one of the most severe economic crises of the last century, providing wealth, progress and employment. Perhaps, it was the severity of the crisis that provided the breeding ground necessary for the rise of the new shared economy. Finally, large companies have not been able to escape the technological haze to grow in business, personal and, of course, customers:

  • Today nobody seeks work without using employment networks such as LinkedIn or Monster. Today no one hires insurance without using comparators like Rastreator.
  • Today nobody searches for accommodation without consulting the real estate market web like Idealista, Fotocasa or its comparables in other countries.
  • And much less when it comes to planning our leisure, our vacations, our trips. Those that many of us are enjoying these days.

And the list does not end there, according to the Observatorio Cetelem del Motor , 97% of young Spaniards use the Internet as a means of consultation in the process of purchasing a car and social networks stand out as the most consulted platforms. New technologies applied to the social economy continue to open the way in sectors such as personal transport in the city (from the car to the bicycle), the financing of business projects (crowdfunding) or the issuance of virtual currency such as Bitcoin.

The indispensable cohabitation between new and traditional

The most positive thing is that, although the initiatives of success of the shared economy have modified many traditional business models, they have not done away with them and have allowed a coexistence to be maintained, giving the citizen more possibilities to choose, more comfort and more freedom . It is true that his landing in daily life has not been exempt from some controversy that has occupied the pages of the media.

The latest protests in the taxi sector against the push of Uber or Cabify in Spain are a clear example. But neither can it be affirmed that the new companies of shared economy have extinguished traditional sectors. The performance of the Administrations and the normative changes have smoothed the edges of coexistence between the new economy and the traditional one. Thanks, in part, to the new technologies that in the form of applications have given oxygen to partly obsolete models and in need of renewal.

Without leaving the taxi sector, applications promoted by the organizations themselves such as MyTaxi, TaxiClick or TaxiYa, have placed the sector at the heart of the new millennium and have risen to the wave of shared economy, only with an Internet connection:

  • They allow the driver to indicate where we are without the need to know the address.
  • Pay for the journey from your mobile.
  • Book a taxi four days in advance.
  • Know how long it will take the taxi to pick us up.
  • Know an approximate price of the trip at the moment of requesting the service.
  • Reserve a vehicle adapted to special needs (disability, travel with a pet), with the same ease as any user.

At the dawn of the 4th industrial revolution

The new technologies have propitiated what economists already defend as the fourth industrial revolution in an undeniable way. It is surprising to see that:

  • The largest taxi company in the world, Uber, does not have its own vehicles.
  • The largest holiday rental network, AirBnB, does not have real estate owned by it.

And the figures, as always, sing. In 2014, Uber’s global turnover reached 2,910 million dollars. In 2017, despite recording losses and encountering multiple administrative barriers, it invoiced 37,000 million dollars. In less than a decade, the project that began as an experiment with three cars operating in New York has aroused the interest of international investors and it is very possible that in 2019 accompany Google, Facebook or LinkedIn in the stock markets.

Cabify, the Spanish example of Uber, has experienced an equally spectacular growth since its founding in 2012. Currently, in addition to Spain, it operates in Portugal and in 10 countries in Latin America.

Airbnb, after 10 years of operation, reached a market value of 25,000 million dollars in 2016, ahead of major hotel chains such as Marriot, Starwood or Wyndham and at the height of Hilton Worldwide (27,000 million dollars).

The success of these companies of shared economy, whose examples do not expand to not make this post of Domestica your Economy endless and give it a didactic varnish, has been to give value to thousands, millions of underutilized assets, and bring them closer to society in a way:

  • Useful,
  • Simple
  • And cheap.

In short, the achievement of the shared economy has been to take advantage social and economic to the new technologies, with Internet to the head and the generalization of the mobile telephony. The idea is still essential, in this fourth industrial revolution and in the previous ones. The novelty is based on two axioms that make the difference:

  • The possibility of carrying it out thanks to the technological development without external support of initial investment.
  • And to the socialization of the action: although it sounds strange “to share is to win”.
Posted in Uncategorized
5
Nov

Loans to cancel asnef and leave the delinquent list

Among the requests that are repeated one of them is to sign loans to cancel asnef .

We can, therefore, say in refinanciacion-deudas.es that the request for loans with asnef is a constant at least in private equity companies.

Banks imagine that they will also receive requests from some clients, but this is due to lack of knowledge.

Those who know the financing sector know very well that banks do not make loans with asnef.

The only companies that can sign these loans are private companies as well as private financial companies.

We can also include private lenders inside, although from our point of view they are the same as financial lenders when working together.

In this article from our company, we would like to explain not only to process these credits but also the minimum requirements that usually have.

Although our company if you offer some other loan without guarantee with asnef as you will see is not usual.

Practically all the businesses dedicated to offering these loans while in asnef usually limit their offer to loans with collateral.

Loans to cancel asnef

With this, what I want to tell you is that signing personal loans with asnef is not something simple.

Having said that, I hope that we will help you understand the different uses of loans with asnef.

Loans to cancel asnef as the main reason to process them

The main reason why there are people who process this loan is to cancel the debt they have in the delinquency register.

Most people who seek this financing what they want to do is leave the house.

Therefore, if the financier approves the financing, what they will do with the money will be to cancel the debt in the list.

There are few times when a client wants to process one of these credits but does not want to cancel the debt in the registry.

However, we also have to recognize that from time to time we see this request.

Usually, they are people who have very high amounts in the bank or who do not want to cancel the debts in here.

The problem faced by these people who do not want to cancel the debt in asnef is that they will only find an offer within the secured loans.

For example, we have personal loans with asnef (we only process one), we demand the cancellation of the debt with the new loan.

Consequently, if the client does not want to cancel his debt, it is evident that he will not be able to access the financing.

It must also be recognized that non-guaranteed loans with asnef tend to have many more limitations.

Many times who wants to leave the asnef does it motivated for some reason.

It can happen that that person has an approved bank loan that can not be obtained by the asnef.

What he does in a case like this is to ask for a loan with asnef to pay off that debt and once this is done he will leave the registry and return to the bank.

It is a common practice that we know many people use throughout the year.

Loans with asnef that we recommend?

For its usefulness for small amounts we recommend loans without collateral as well as loans on vehicles.

If what we are talking about is large or medium money amounts, the mortgage loan firm would be your best choice.

Those would be our recommendations if you are looking for loans to cancel asnef.

5
Nov

Loans to cancel asnef and leave the delinquent list

Among the requests that are repeated one of them is to sign loans to cancel asnef .

We can, therefore, say in refinanciacion-deudas.es that the request for loans with asnef is a constant at least in private equity companies.

Banks imagine that they will also receive requests from some clients, but this is due to lack of knowledge.

Those who know the financing sector know very well that banks do not make loans with asnef.

The only companies that can sign these loans are private companies as well as private financial companies.

We can also include private lenders inside, although from our point of view they are the same as financial lenders when working together.

In this article from our company, we would like to explain not only to process these credits but also the minimum requirements that usually have.

Although our company if you offer some other loan without guarantee with asnef as you will see is not usual.

Practically all the businesses dedicated to offering these loans while in asnef usually limit their offer to loans with collateral.

Loans to cancel asnef

With this, what I want to tell you is that signing personal loans with asnef is not something simple.

Having said that, I hope that we will help you understand the different uses of loans with asnef.

Loans to cancel asnef as the main reason to process them

The main reason why there are people who process this loan is to cancel the debt they have in the delinquency register.

Most people who seek this financing what they want to do is leave the house.

Therefore, if the financier approves the financing, what they will do with the money will be to cancel the debt in the list.

There are few times when a client wants to process one of these credits but does not want to cancel the debt in the registry.

However, we also have to recognize that from time to time we see this request.

Usually, they are people who have very high amounts in the bank or who do not want to cancel the debts in here.

The problem faced by these people who do not want to cancel the debt in asnef is that they will only find an offer within the secured loans.

For example, we have personal loans with asnef (we only process one), we demand the cancellation of the debt with the new loan.

Consequently, if the client does not want to cancel his debt, it is evident that he will not be able to access the financing.

It must also be recognized that non-guaranteed loans with asnef tend to have many more limitations.

Many times who wants to leave the asnef does it motivated for some reason.

It can happen that that person has an approved bank loan that can not be obtained by the asnef.

What he does in a case like this is to ask for a loan with asnef to pay off that debt and once this is done he will leave the registry and return to the bank.

It is a common practice that we know many people use throughout the year.

Loans with asnef that we recommend?

For its usefulness for small amounts we recommend loans without collateral as well as loans on vehicles.

If what we are talking about is large or medium money amounts, the mortgage loan firm would be your best choice.

Those would be our recommendations if you are looking for loans to cancel asnef.

5
Nov

Loans with money when we are looking to get out of debt

That loans with asnef are a necessity in the market is a reality.

If that were not the case, it is certain that there would not be such a large number of companies offering these loans.

Despite this there is one thing that in refinanciacion-deudas.es we believe necessary to say.

Despite having dozens of financial and companies offering these credits with asnef in practice the offer is not much.

Asnef Loans Why is the offer reduced?

It is at least when we are referring to personal loans with money, on the other hand, what most people look for.

When a person is looking for financing with asnef it is usual that he / she does not want / can provide guarantees.

Consequently, however much there are companies offering these credits with endorsement at the end of nothing, it serves the applicants.

That is just what we see every day in the processing of these operations.

When processing these operations, most companies demand guarantees from their customers in the form of vehicles, ships or real estate …

The usual thing is to demand the signing of a mortgage loan on a property free of charges.

Loans with asnef

This is how practically all the companies that we see daily offer these loans with asnef .

Something that on the other hand we have to accept and understand given the functioning of the financial sector.

This may be something that not many expect but the situation is like that.

If what you are looking for is to sign loans without endorsement and you are in one of these delinquency lists you will find these problems.

And it is safe what I am telling you because most companies do not accept to sign with asnef without endorsement.

The few companies that do do so often put a lot of limitations on signing their loans.

As they know that there is no direct competition, what they do is put quite high requirements.

Some require very high income from customers, some do not sign these operations throughout Spain ….

Something that we understand since processing these operations at the end does not generate so much interest among the financiers.

Without forgetting that offering the possibility of signing personal loans even with asnef are hurting by not signing with endorsement.

For any financial institution, it will always be much more interesting to sign a loan with an endorsement than one without an endorsement.

It is something that we have been able to check many times.

In the application in financial fact loans with collateral are always prioritized over the rest.

It does not matter when the client has made the request, the secured loans pass in front of the personal loans.

Especially those with no guarantee as to being the least interesting operations for any financier.

Why signing an unsecured loan with asnef is not interesting?

It is not first because it is an operation that at a documentary level makes a lot of time is lost.

To this we must add that the profitability for the financial is not very high either, neither for the interests nor for the commissions applied.

5
Nov

Private capital mortgages and reasons to use them

That private capital mortgages continue to grow in our country is something no one doubts.

Whereas before it was seen as a distant financing option for most people today it is no longer seen in the same way.

Undoubtedly, the reduction in financing to levels never seen before has helped in all this.

Because the cost that we currently see in private mortgage loans has nothing to do with the one seen just 10 years ago.

As the years have passed, private mortgages have been reducing interest rates.

Today, for example, it is usual to sign these mortgages at interest rates that do not represent 12% per year.

And before I believe when I tell you that it was not, investors and other private lenders used to demand higher conditions.

It also has much to do with the increase in competition that has occurred in recent years, although the main reason is changes by law.

Private capital mortgages How to make responsible use of them?

If you want to make good use of these mortgage loans we will show you below some of the options you have.

Private mortgages to make a group of loans: It is a strong reason to process a mortgage of this type on any other loan.

The advantage of these mortgage loans is that when the client has a delicate situation such as high debt does not have to be a problem.

As well as the banking entities if they take into account the level of debt of the applicant of financing does not pass the same in these other credits.

Through the signature of mortgages clients what they do is to group all the debts they have in one.

However, in order for the private capital mortgage signature to make sense, the new financing must have better conditions than what it intends to cancel.

Or at least that in the end in the payment of the quota all this supposes a saving.

Not only must we take into account interest rates on loans, other variables such as terms or even the possibility of a shortage must also be assessed.

Another reason to process this type of mortgage loan would be to cancel unpaid debts.

In fact, when the person who asks for the money is in some list such as the loan or he needs to cancel debts, it is one of the loans that are always recommended.

And it is normal, currently it is one of the few loans that can be processed in situations like these, but this is not a problem.

Through a bank or by consumer finance, all this becomes a problem, but not in private equity companies .

Private mortgages are also often used to sign fast money.

That is to say, when the person what needs is financing at the moment the option of the loans with endorsement of property is usually interesting.

And all despite the speed of processing is no longer the same as the view a few years ago.

Years ago signing one of these mortgages of private capital was done in two days, today instead around a week.

20
Oct

EVO Finance credit card │ Apply online urgently

EVO Finance EVO Credit Card Online Request Card

EVO Finance credit card

The EVO Finance credit card helps you make purchases . With EVO Finance you have the option of using an alternative loan, having an amount on your credit card constantly, and using it when you need it. It is an alternative banking service to the traditional one. With EVO’s smart banking you have different online financial products at your disposal . EVO Bank offers you fast loans on a credit card, with a limit of up to 5000 euros. EVO Finance also offers insurance, personal loans, online credits . You can request a personal loan of up to € 30000 and return it within a period of up to 96 months. The interests of this financial institution are quite competitive, taking into account the represented sector of the market.

The EVO Finance credit card can be requested online , as can your personal loans. You can do it directly from your home, with your desktop, laptop, or from any other place with your mobile phone, iPad, etc. By going to the website of Evo Bank through www.enprestamo.es, you will see the wide range of financial solutions offered by this institution and if you are interested in Evo card, request it easily.

EVO Finance credit card

What does the EVO Finance credit card offer?

One of the options to enjoy when applying for the EVO Finance credit card is the possibility of receiving cash in your bank account up to 80% of the credit limit of your card. Also, once you receive this credit card, you can benefit from all the options offered by the online banking of this financial institution. You can make changes to the payment methods that interest you, exchange points, check extracts, make cash transfer requests , etc.

What else? Of course, with EVO Finance credit card you can easily make purchases online. But not only highlights the ease, also security. Thanks to the two-factor authentication system, you will have the option of confirming the purchase through a text message sent to your mobile phone, thus ensuring the operation that is intended to be carried out and avoiding fraudulent actions by possible fraudsters through guaranteed identification . You can register this service easily and at no additional cost, by contacting EVO Banco.

Apart from this, speaking more of the security offered by this financial institution, you can also benefit from an insurance without additional cost , linked to your credit card. The EVOFinance Visa credit card has the corresponding 24 hour protection insurance, thanks to which you will have your purchases protected, you will have accident and travel assistance insurance, emergency assistance and medical advice in case you are traveling. To give an example, accident insurance and 24-hour travel assistance provides you with indemnity guarantees of € 100,000 to € 270000, depending on the type of card you have (classic, gold, platinum). And if your flight, ferry or plane is canceled or delayed, or your luggage is lost, you may also be entitled to compensation, up to the corresponding limit established by insurance for these cases.

EVO Finance credit card

Requirements to apply for the EVO Finance credit card

You can have the EVO Finance credit card fulfilling the following requirements:

Be of legal age, and have an age between 18 and 67 years. Be a Spanish resident. Have a DNI or NIE. Have demonstrable fixed income. Have a permanent or temporary work contract with a seniority of more than 6 months, and in case you are self-employed with a seniority of more than 12 months. Reside in Spain For any questions you may have, you can always contact EVO Finance.

Advantages of the EVO Finance credit card

The EVO Finance credit card offers ample advantages for its owners , and to begin with, it must be noted that it has no annual fee. You will not have to pay anything for the maintenance of your credit card. Taking into account the benefits of the aforementioned insurance coverage, it is excellent .

Following the advantages you will have at your disposal to have the EVO credit card, we must mention that to make the payment of the money you have used in your purchases, you will enjoy flexible monthly payments, and you can choose the amount you want to pay each month.

So that you have the possibility of being more mobile, with the online banking of EVO Finance you can be informed at all times of the status of your account and the movements made with your credit card, wherever you are.

And of course, without changing bank, as to enjoy quick loans by credit card, you will not have to make additional efforts . Also, you can continue using your same account, without having to open a new one.

Another advantage offered by this financial instrument is to be able to transfer cash to your account, through a special service offered by EVO Banco.

You will have at your disposal millions of ATMs around the world to withdraw cash with your EVO Finance credit card.

 

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13
Oct

What is the World Bank or WB? How does it work

 

Located in Washington and directed by Jim Yong Kim, the World Bank defines itself as a cooperative composed of 189 countries around the world . In practice it is an organization that has specialized in the financial assistance of the so-called developing countries.

It was created in 1944 within the framework of the Bretton Woods Agreement that was signed in New Hampshire (United States), an international convention in which the International Monetary Fund (IMF) was also born. The number one goal of the World Bank is to reduce poverty in the world . And to achieve this, it has become the most important lender in the world in development loans.

Who forms the World Bank?

Although originally its purpose was to help European countries in their reconstruction after the end of the Second World War, over the years their functions have expanded so much that they ended up creating more organisms that were integrated into what we know today as The World Bank Group :

  • International Bank for Reconstruction and Development (IBRD) . It is in charge of offering loans and financial assistance to middle-income countries. It was created in 1945 and is made up of 189 countries.
  • International Development Association (AIF) . It is responsible for giving assistance and loans to the poorest countries on the planet. It was created in 1960 and is made up of 172 countries.
  • International Finance Corporation (CFI) . It focuses on private capital and aims to help developing countries by mobilizing capital that will be invested in non-governmental projects. It was created in 1988 and is made up of 184 countries.
  • Multilateral Investment Guarantee Agency (MIGA). Its objective is to promote foreign investment in underdeveloped countries. It was created in 1988 and is made up of 180 countries.
  • International Center for Settlement of Investment Disputes (ICSID) . Its purpose is to provide international conciliation and dispute arbitration services to facilitate foreign investment. It was created in 1966 and is made up of 156 countries.

Together, the World Bank Group has more than 10,000 employees and offices in 109 countries around the world .

Who makes the decisions?

The main decision-making body of the World Bank is the Board of Governors , made up of the finance or development ministers of the member countries. They meet once a year at the Annual Meetings of the Boards of Governors of the World Bank Group and the International Monetary Fund.

The day to day of decision-making falls on the 25 Executive Directors. They all work at the Washington headquarters. France, Germany, Japan, the United Kingdom and the United States each appoint an Executive Director. The remaining 20 Directors choose them among the 184 remaining member countries.