Financial credit company
When we speak about a credit company we refer to all those companies that devote themselves to grant all kinds of credits that could facilitate the financing of different products, services or real estate, which a person could not realize under her own means.
As well we have learned in our place, with many the types of credits which we can meet on the financial market, but the only credit company that possesses a finished variety, not only as for credits, but also in payments plans, there are the financial companies. Although the banks also usually devote themselves to grant credits, both entities work of way completely different, and for consequence often, one turns out to be more suitable than other one according to the situation in which should be appealed to the same ones.
 In the first case we must say that the financial credit company usually grants personal, mortgage credits and up to credits bridge. Although, any credit company works with certain hardware together (money-market rates, period, commissions, etc.) the same ones can be changing according to the credit company and according to the credit to be granted, since the same is not the money-market rate of a personal credit that the money-market rate in a mortgage credit. Bearing in mind that both types of credits are most requested by most of the people, we can say that a personal credit has a money-market rate that can change between 20 % and 25 % in period from 1 to 3 years.
These conditions will be imposed by the corresponding credit company as the benefits that the same one could obtain for the granted credit, and if we refer on the mortgage credits, in this case the money-market rate is located usually between 2 % and 3 % in period from 15 to 20 years according to the credit company. With this we mean that these small changes that take place in the services offered by a certain credit company, more and more clients take place in consequence at the level of competition between all of them for receiving, although undoubtedly, the margins of differences between the same ones are usually minimums. At present there is great the quantity of financial institutions that are established usually, and for consequence the competition between all of them is quite hard, something that can turn out to be very beneficial for the interested party in possessing a credit since there will be more and more suitable the benefits to grant between one and other one.
Bank credit company
On the other hand also we can be provided with the bank credit company and in this case in particular we must say that only he devotes himself to grant mortgage credits, because the activity of the banks does not limit itself to the credit granting. In this aspect we must say that a mortgage loan obtained by means of a credit company of this type usually turns out to be much more suitable than one requested in a financial credit company, and this is due to the fact that, as the banks control most of the financial market, the money-market rate with which they work is the minim, or 1 %.
 And in turn the period to be paid are very much slightly more extensive since they can come up to 25 years, and as we have already mentioned in other articles about our place, minor interests in major term do not indicate less money quantity, but if they offer us a better facility of payment of the obtained credit. In addition to these clear benefits, a credit company of this type is provided usually with other surprises that can turn out to be very gratifying; first of all, often there happen the occasions in which, when the person who requested the credit has a very rigid fulfillment of his obligations.
This credit company can come to eliminate the interests of the debt or, up to canceling the remaining whole of the debt once certain percentage of the same one there been paid (generally more than 75 %), and often also, if this credit company possesses preferential clients, that is to say, with an excellent financial profile the most probable thing is that the same one receives all kinds of offerings on behalf of the bank, not only for the granting of mortgage credits, but also for many other benefits as there can be savings banks, checking accounts without maintenance, different plans of financing for the buy of any type of good, and up to enclosed they usually grant credit cards without any type of requisite to expire, simply they deliver it to the client, any time the same this one in agreement. The difference that we can mark between a financial credit company and a bank credit company, is that logically, the second one only works with clients affiliated to the same one and for it there are so many offered benefits; for his part the financial credit company, it can work with any type of client who is interested in the request of a credit. |
