Is refinancing the same as reprogramming a debt?

When we have problems paying a debt , we have different alternatives before falling into arrears. Did you know? Two of these options are to refinance and reprogram, and although they are sometimes confused, they are two different terms. Know the differences between refinancing and rescheduling the debt!

What is refinancing?

What is refinancing?

When you request to refinance a debt, your payment period can be extended allowing the amount of the installments to be reduced.

Not everything is rosy with refinancing and you have to keep in mind that this procedure damages your credit history . How? Well, from the moment you refinance your rating in the risk centers, such as Infocorp , go down – now you will be a customer with a potential problem ! -, which will make it difficult for you to get another loan in a short time.

Tips to refinance a debt

Tips to refinance a debt

If you want to refinance, despite the problems it can bring to your credit history , I advise you to plan well what you will tell your bank advisor. Ideally, you should request refinancing when you have a plan that allows you to pay off your debt in a short time – a personal budget will be a great help! If you have a good track record after refinancing, you will not have problems getting new credits.

What is rescheduling a debt?

Reprogramming is different from refinancing. What you ask to reschedule is that the payment date of your next installment be delayed a bit. In other words: you change the current monthly payment date.

As it is not that you cannot deal with the payment in months, the interest rate you initially had will be maintained. In addition, your status will not change before the risk centers . You can not only change the payment date, but also the current amounts. For that you have to approach the bank to renegotiate the terms of your contract.

Is there any other option?


If you do not like the first option and the bank does not accept reprogramming , you have debt consolidation . Which is ideal if you have debts with different banks . With this service you unify your debt, which will allow you to reduce interest.

Another option, if you have a debt in dollars, but receive your salary in soles, is to change the currency of your debt, if the bank does not accept the change you can go to another financial institution to buy your debt.

Do you have problems with your debts? You have more than one option to avoid falling into arrears. Which one would you choose?


With the arrival of a new year it is normal to start worrying about the expenses that are coming and how to deal with them; from the payment of taxes, the enrollment for the children’s school or the maintenance of your car. With all this, an online payday loan is presented as a financial push to get out of these complications, but it is not an excuse to trust, many unscrupulous use these dates and the need of people to be able to make scams in order to keep the money of others. More exposition at

There are many modalities that scammers use to deceive their victims; from giving them multiple false data in order to create a false trust, present offers or promotions at a very low cost for those seeking a loan or supplant the name of entities already recognized in the market; But, just as there are multiple forms of fraud, there are ways and tips to discover these supplanters.

Thinking about your safety and well-being, Count Almaviva wants to give you 7 tips that will help you know if you are being the victim of any fraud or financial scam. You can also check our previous articles to learn more about how to avoid online fraud.

7 tips to avoid fraud in an online payday loan in 2019.

7 tips to avoid fraud in an online loan in 2019.

  1. Are they asking for money? Be wary

    To carry out any procedure concerning a loan or disbursement of money, credit institutions cannot request a payment or some type of deposit in advance to make it. If they ask you for money before the disbursement is made, it is most likely that it is some kind of deception.

  2. Make sure the veracity of the company where you are applying.

    It does not matter if it is a physical or digital company, without exceptions it must always be registered with the different control entities, such as the Superintendence of Industry and Commerce, the Financial Superintendence or the Chamber of Commerce of your city. You can request the NIT of any company and validate it with any of these entities. If the company does not provide your NIT, you have a very clear reason to doubt its legality.

    With the rapid growth of information networks, it has become very easy to perform any information search on the Internet; Take advantage of this to find references, comments or reviews of the entity to which you are applying. Finding references on Facebook is a good alternative to help keep in mind; Many companies manage networks to keep in touch with their customers, so one that does not have them may be a reason for suspicion. Likewise, reviewing comments on networks will help give you a broader view of the entity.

  3. They offer prices well below their competition.

    One of the most common ways that scammers use to attract people is by showing offers that have charges or interests well below those of the market. When you find such an offer it is important that you verify because its value is lower than the others, or that other clauses handle to be able to offer this value.

  4. Does the website have security certifications?

    A very easy way to validate the security or reliability of a web page is through the certification of the HTTPS information security protocol. Through this protocol, any web page certifies that the information used within your domain is protected from attempted theft or duplication. But how do I know if a company uses HTTPS on its website? This is the easiest part, you just have to check the URL of the page where you are and there, at the beginning of the address you should find the HTTPS.

  5. Make sure you are applying with the company you claim to be.

    Another of the most common frauds is the impersonation of companies; In these cases, false entities take the name and prestige of consolidated companies to deceive their users. Before this you must be cautious where you apply. In addition to reviewing the HTTPS certification, it is important that you validate if you are on the website of the entity that it claims to be.

    If you came to the page through advertising or a recommendation link, make sure the page does not change address multiple times as this could send you to a different page than the one you are looking for.

  6. Do not contact through intermediaries or third parties.

    On other occasions, scams are not made by entities directly, but by intermediary assumptions. These people pose as intermediaries of the companies in order to guide the user in their procedures and be able to usurp their personal data or keep the loan money and leave the user in charge of a debt they never used.

  7. Do not trust if they contact you through unofficial or formal means.

    If the offer to acquire a loan comes to you through a text message, WhatsApp or an email and you do not remember requesting information or registering on these channels, be very careful , your data may be in some illegal contact base, which They use scammers to send messages and trick their victims.

Report all these acts of fraud or deception


Whether you were a victim of some type of these frauds, or realized on time and managed to avoid it, it is important to report it. Although they are false pages that may not last more than 2 days on the internet; It is important to report the case to the relevant entities for investigation and thus prevent this type of fraud from continuing.

Possible fraud or scam attempts

Possible fraud or scam attempts

These tips will help you easily detect possible fraud or scam attempts you can find on the Internet; Even so, it is important that you always turn to recognized entities in the online payday loan market.

How to prevent your credit line from being a danger

When you buy a card, a credit line also comes with it, which is the amount of money the bank is giving you so you can spend. This line is assigned according to the credit evaluation that the bank makes, where its level of income influences.

The credit line can represent a danger if you do not take into account certain things:

It should not be more than twice your salary

It should not be more than twice your salary

It should not be more than twice your salary, because the higher it is, there is a greater possibility of borrowing and that makes the bank can begin to see it as a risk.

Your monthly debts should not exceed 35% of your income (maximum). Then, if you are already paying a housing loan that covers 20% of your salary, the remaining 15% can be assigned to the card.

Set a fixed amount of expense and respect it

Set a fixed amount of expense and respect it

As much as the credit line is high, it does not mean that you should use it all. Set a fixed amount of expense and respect it, that will help you keep track of how many times you use the card to pay. 

Finally, if the credit line that the bank granted you seems very high, you can request a reduction.

Knowing this will help you make sure you keep everything under control

Knowing this will help you make sure you keep everything under control

If you don’t have a credit card yet, knowing this will help you make sure you keep everything under control. Before requesting one or changing the one you already have, do not forget to compare interest rates and other benefits.

Use the card comparator and in a few minutes you will have all the information and the possibility to request one if you wish.

What would vehicle insurance do if I don’t have an accident?

Vehicle insurance can give you more benefits than you think. Most drivers think that this product is only useful in case of an accident and that, if nothing similar happens, it will be like buying it for nothing. Similarly, a month later the payment of the bonus will be made, which represents an additional salary. Once again, the recommendation is not to spend everything on Christmas and New Year’s purchases, but to be prudent, make a budget and allocate, if possible, 50% to savings.

But the reality is very different. Insurers have sought to improve the offer of these products, including more benefits, so that, even without experiencing an accident, you can use them to solve different situations.

If your car breaks down

car loan with money cash

If your car suffers some kind of problem, you can take it to the network of authorized workshops for review. If stolen: If you have Total Loss coverage, you will receive the commercial value agreed in your contract, so you can purchase a new car.

If you need help to drive. If for any reason you are unable to drive your car, you can request the replacement chauffeur service. In some policies a certain number of times is free and you will have to pay later.

If you have problems on the road

car loan with money cash

If you need assistance while on the road, you can call your insurer to send the necessary personnel to assist you. But the reality is very different. Insurers have sought to improve the offer of these products, including more benefits, so that, even without experiencing an accident, you can use them to solve different situations.

Those are just some of the situations in which insurance can be useful without having an accident, but you should also remember that much will depend on the type of insurance you have purchased. Therefore, before choosing yours, compare the alternatives using web comparators such as Jansen Mandarins.

Sale of Mortgage Portfolio: The option to get a better rate

Maybe you have wondered what is the sale of home loan portfolio or debt move? Many people do not know that they can make use of for their financial benefit the exchange of the debt they caught with their bank when they authorized the mortgage on their houses.

You may question:

Why might anyone want to pass their own mortgage credit to another financial institution?

Well, there are several explanations why a person would like to sell their particular mortgage debt. And it is that will, many times, as the years move from the first installment from the mortgage, many things change: the particular policies of the banks, the problem of the country, the circumstances of the mortgage market, your own goals and personal priorities, amongst others.

In this way, the particular debtor of a mortgage loan may agree to sell his financial debt to another bank, without commission rate payments and with savings advantage in the monthly installment. Obviously, no one would agree to complete their debt to another financial institution if there was no advantage involved.

There are particular expenses within a mortgage loan, a few seem obvious to all of us, but others perhaps not really, and it is always preferable to understand well about it. Many times, we have been not really aware of the expenditures involved in contracting a mortgage and after signing the agreement with the bank we understand that it implied a greater compromise than we initially considered, which leads us to want to reduce the monthly fee associated with payment.

Exactly what immediate benefits can all of us obtain when requesting a home loan portfolio sale?

In most cases, the benefit is found in the variety of the interest rate or within the improvement of insurance getting. When we pass the home loan debt to another bank, what we should do is improve the situations of the interest rate, which is less than the original. In many cases, the property has already been paid in a medium or even high percentage, so the danger to the bank is lower. This may lead to the interest rate being decreased.

Likewise, the particular financial entity reassesses the situation, and in many cases, as the home loan payment is already advanced, the price of the mortgage can be reduce. Banks normally offer 2 types of insurance. Debtor life insurance coverage, used in case of loss of life of the holder, accident or even disability, and property insurance policy.

Getting a restructuring of your mortgage credit from your hand of another financial institution can be very beneficial for the home economic climate, allowing you to save or make investments the surplus.

Exchange of the debt

In the event you want to carry out this procedure, you must take into account the amount of charges you have to pay and the expenses related to the transfer of the financial debt, which, although they are not higher, it is not good not to deepen them.

In case you are worried about knowing if you be eligible for a this type of operation, don’t get worried! The requirements are usually the same as what you should take out a mortgage loan.  

Insurance delegation of a bank loan

Bank of Panay International (BPI) is a subsidiary of Credit International of Panay (CIF). A reference in the management of real estate assets for individuals, it proposes solutions for all transactions relating to households’ real estate assets.


Comparator insurance loan 

Comparator insurance loan

Compare the rate of home equity loan insurance and individual loan insurance quotes using the online mortgage insurance simulation tool to be sure to get the best loan cover offer


Bank loan insurance delegation

Bank loan insurance delegation

All banks including the real estate bank offer their own insurance borrower in their loan offer. You do not have to take out this often expensive bank loan insurance. Compare rates with our cheaper mortgage insurance calculator (from -20% to -70% even if you are over 40). Discover all our loan insurance solutions according to your situation:

  • bank loan for borrower practicing a risky sport,
  • bank credit for senior borrowers, more info
  • bank loans for a borrower practicing a dangerous occupation,
  • credit bank for borrowers with aggravated health risks,
  • bank loan for borrower wishing an unemployment guarantee.

Negotiate external insurance with your heritage & real estate banker. The brokerage firm makes it possible to simulate the cost of your loan insurance with the online credit insurance simulation tool and to compare the contracts of the main insurance companies specializing in mortgage insurance.


Online loan quote

Online loan quote

In the world of credit, several types of loans are made available to borrowers. These loans are unique and have different loan rates. Among these borrowing rates, we find the borrowing rate 0.


Zero rate loan with your bank

Zero rate loan with your bank

Still called PTZ, the zero rate loan is a loan that requires no interest rate. The borrower subscribes to a loan and for the repayment he pays only the amount borrowed at no additional cost. This is where the 0 borrowing rate gets its name. Thus, the interest rate related to this loan is 0%.