Indeed, on Wednesday 4 August, the auditorium of the Chamber of Commerce will host the Cucuta event that will advance the Bank’s financial services to support trade with Venezuela.

The purpose is to inform employers of the region’s new loan quota to support the border areas, strengthen the products and services offered Bancoldex; update employers on the scheme of payments through the IMTS, Transaction System Titles with foreign currency and depth on the importance of market diversification.

For its part, the Ministry of Commerce Industry and Tourism will address the mechanism to support the creation of free zones in the region and the Dian, managing the VAT exemption.

The financial day will be held on 5 and 6 August in Cucuta, in the framework of a national business conference organized by Pro export.

Bancoldex it checks the city brokers, finance companies, NGOs and micro financial foundations, to encourage the extension of credit in the region.

Special quotas, government tools

The Ministry of Commerce, Industry and Tourism account through Bancóldex three special quotas “special quota for companies in areas of the border with Venezuela” by $ 30,000 million; “special quota Border Trade” by $ 10,000 million, which has had a strong demand in recent days and the “Special Quota Pesos Wrap Around Contra”, available at the border for $ 60,000 million, for a total of $ 100,000 million.

So far in 2010, has disbursed $ 69,083 Bancóldex million, 11 067 credits for businesses located in border areas. There have been 80% through the line “Support for Border Trade” with $ 55,461 million.

In the coming days, Bancoldex launch a new quota for $ 30 billion in preferential financial terms to provide liquids to companies engaged in production and commercial activities along the border.

Credit special quota of Cucuta Chamber of Commerce – Bancóldex. With the revival of the special quota of credit for $ 293 million, the Chamber of Commerce and Bancoldex Cúcuta, reaffirmed their support for micro and small enterprises located in the area.

Beneficiaries are entrepreneurs located in the cities of Cucuta, Groves, Bucarasica, Chinácota, Durania, El Zulia, Gramalote, Herran, Los Patios, Lourdes, Puerto Santander, Ragonvalia, Salazar, San Cayetano, Santiago, Sardinata, Tibú and Villa del Rosario in the department of Norte de Santander.

1. Establish accounts. Lenders see bank accounts as a sign of stability.

2. Open a joint credit card to someone and they do, as long as you remember that you are also responsible for the debts of another person.

3. Consider a credit card is similar. If you stay away from credit cards, because you can not trust you to pay your bills consistently, then you can skip this step. But if you’re approved for a credit card problem, I look at the credit card cousins.
Insurance card – Here’s how it works: you make a deposit at the issuing bank or credit union, and you can get a map with a credit limit amount. This is similar to a prepaid card. The important thing is to ensure that the lender (preferably a bank or cash) reports on the three credit bureaus, and see the end! All that has more than $ 100 in the first count is a bad idea. You still have to pay high interest rates and an annual fee, however.
Debit Card – These cards are like credit cards, except that it allows you to achieve a balance. Pay your bill in full each month. Manufactured by American Express and Diner Club are available and in general there is no spending limit.

4. Get a loan. Even if you do not trust me in payment, this is not a good idea. Also, keep in mind that only one reluctant to increase your credit score as they really are in debt. Once the loan has been repaid, will not help your credit card as well. You can also pay interest on the loan, but if you want to use credit cards and pay the balance in full each month, pays no interest. Whatever type of credit used to ensure that the creditor reports to all three credit bureaus.
A secured loan with money or assets to an existing account (eg a car) as collateral. You might consider a loan guaranteed by a credit union instead of a bank, the former is generally more willing to look beyond merely your credit score. If you have any problems, this type of loan, try to get a co-signatory, which guarantees a high degree of credit you.
A peer-to-peer lending is offered by an individual investor, not a bank or credit union. Go to a place where the loans offered to investors for the loan, which will compete for the lowest rates available. Note that some sites not all credit agencies credit report for three years and some have a minimum score. If you have any problems, this type of loan, try to get a co-signatory, which guarantees a high degree of credit you.
Get a federal student loan if you are a student. This type of loan, but do not take your credit score until you begin repayment.
If someone you trust is always a loan, you may be asked to work with people, so your credit card in contact with them. But if you think you should repay the loan immediately that, irresponsibility, in turn negatively affect your credit score for the entire duration of the loan.

5. Pay your bills on time, utilities in particular. This type of calculation power, telephone, gas] and the cable is often reported to credit agencies.

6. Avoid leases. You can pay two fifty-eight times the initial amount of unit costs and the lender does not usually talk about the three credit providers.

If you’re stuck with overwhelming debt and there are multiple invoices to be paid, you can consolidate your debts or resolve it to get rid of its load faster. Here are some steps to help you compare and decide between debt consolidation and settlement.

1. Calculate the amount of debt: Pull a copy of your credit report and try to find out how much you owe to your creditors and what kinds of bills you must pay. Also, check the status of the accounts in his report. This is to see if any of your accounts are charged-off or sent to collections.

2. Find how much you can pay monthly bills: Check your monthly budget and see if you can eliminate unnecessary expenses. Calculate your obligations (debt, insurance payments, and others) and normal living expenses (housing bills, food, utilities, etc) each month and determine how much you could save on a monthly basis. This will be the maximum amount you can pay each month to their bills. On the basis of the amount you save to make payments on your accounts, you can choose between consolidation and settlement systems and payment will vary in each case.

3. Get a basic idea of the programs of debt relief: If creditors are not offering any programs difficulties when it is overloaded with debt, well, then you can seek professional help to get rid of the problem. Contact a debt relief company that offers debt consolidation program or arrangement where a consultant negotiates with creditors to reduce their rates and the amount of its outstanding debt, respectively.

4. Know when to go for consolidation: If you can make monthly payments to low interest rates, then you can go for a consolidation program. But if you intend to take a consolidation loan and you qualify for a lot, you have the advantage of paying multiple bills with a lump sum for each account. The monthly payments are very low indeed, but the duration of the amortization period is quite long (even 20 years) and you can imagine that you will pay a huge amount of interest in total over the period of repayment. Therefore, it is essential that you determine how long it will take to get completely debt free and how much will be saved in total. If it takes too long to consolidate and pay bills completely, you may consider going to a solution.

5. Know when to go to the solution: If you are in financial crisis and are fired from his job or has been through expensive medical treatments and can not handle the monthly payments on a consolidation program, then you can try a settlement program. Unlike a consolidation program, do not pay the monthly principal and interest to your accounts when you enrolled in a settlement. When you join a settlement program, the company with which you are working required to deposit a certain sum of money in a trust account. This amount continues to accumulate and when you reach a standard value, the settlement company starts negotiating with the lender to lower the payment amount by 40-60% of the outstanding balance.

6. Find if you qualify for programs: Not all lenders will offer you a consolidation loan. If your credit score is too low, you may not get the loan. Similarly, you can not qualify for a settlement program if the quantity of debt is very low.

7. Determine the amount saved by each program: There are debt consolidation and settlement calculators available online. Use them to find out how much you’ll save by consolidating or cancellation of their accounts.

8. Find how much tax you may owe: If you place your accounts, you may have to pay taxes on the amount you save through the resolution. Ask a tax advisor or CPA as to how much tax you may have to pay. This is one of the important factors that will help you decide whether or not to settle your debt.

9. Know how debt relief can affect your credit. When you join a settlement program and stop paying your creditors for a certain period of time, your credit report is tarnished because creditors keep reporting delay. Some of them can even cash out of their accounts. Thus, the time to resolve their accounts and expects a positive effect on your credit report, your credit score is a success. So, before deciding between the consolidation and settlement, you need to know which option may have a negative impact on your credit report and how many points your credit score may decrease.

Finding a way to consolidate debt can mean obtaining financial security. Consolidation allows you to obtain new loans to pay debts of high interest rate. If used properly, can be a lifesaver. If abused, the debt consolidation can make it more difficult to handle.

Get a new credit card
Debt can be consolidated by obtaining a new credit line and use it to pay existing credit cards or other debts. Those with a good credit score are best suited for this option.
The new card must have a credit limit high enough to allow you to consolidate all your debts into one payment.
Find a credit card offers a lower interest rate being paid for existing debt to save money.
Balance transfer introductory offers can save money if used wisely and pay the balance before the expiration of the initial period.

Establish a loan or line of credit
A home equity loan is one of the least expensive ways to consolidate debts. This loan is secured by the property value which means that the risk of foreclosure, if you do not make a payment.
From a loan or line of credit is a secured loan, the interest rate is usually significantly lower than unsecured debt credit card.
You must have enough equity, or unmortgaged value in the property for a home equity loan.
Most mortgage lenders offer mortgage loans to qualified persons. You must have sufficient income, be employed and have adequate credit ratings to obtain them.

Try to get a personal loan
Commercial and private loans can help consolidate debt. These are available through many commercial lenders, but family and friends can also be an option.
People with bad credit may be able to get an unsecured loan, staff from a commercial lender.
Sometimes, loans from family and friends can cause problems in relationships. Consider this option carefully before use.
Unsecured business loans, as this can have a similar interest rate credit cards. Make sure you get this type of loan is beneficial economically. Look for a loan that offers a lower interest rate than currently being paid.

Working through Consumer Credit Counseling Services
Although not a loan, consumer credit counseling services allow individuals to pay all your debts into one monthly payment. Nonprofit and for-profit services are available, and aims to help consolidate in a single installment credit by negotiating with your creditors on your behalf.
Counselors work with lenders to reduce what is owed and to establish a payment plan to pay the debt as quickly as possible.
Credit counseling can have a negative impact on your credit.
Failure to comply with the program of consumer credit counseling may lead lenders to require payment in full.
People who can not obtain a loan would otherwise benefit the most from the credit counseling services consumer.

1.Create a budget. Calculate your income and expenses. The best way to calculate your expenses is to track your spending for 30 days. Find out how much money is going to leisure activities and eating out. Then find out how much money you can save each month to gradually reduce its debt. There are a lot of free software out there budgeting, just look.

2.Be aware of what your credit report. By federal law, you may obtain a copy of your credit report from each credit bureau (Equifax, Experian and Trans Union) each year. You can get all three things at once, or spread out throughout the year.  The “free” offers on the web automatically enroll in a monthly or annual costs money – a lot for someone already in financial trouble.
The most important thing to do with their credit reports to check accuracy. It is strong enough to pay for their mistakes – no need to be penalized for someone else. (See Tips, below.)
Also you can quickly see the two major creditors red flags (and employers, and insurance underwriters, and …), look for: late or missed payments, (especially the latter), and credit lines timeout .

3. Contact creditors. Preferably not, after months of harassing calls, but when you realize you will not be able to make the required payments. Most creditors are not as fierce as you think, and work with you to schedule smaller payments that fit your budget. After all, I would rather receive $ 20 payments for next year than risk getting nothing in bankruptcy court. This is one of the places with a written budget can really afford – I say that has created a budget, can afford to pay $ X, and offer to send a copy of your budget. They are much more willing to accept your offer of reduced payments if you can show good faith.

4. Get any written agreement. If you are able to negotiate lower payments, interest rates or balance payments, a request that will send a letter confirming the same. Having it in writing is your defense against changing minds, lost records, new management to be more aggressive, or any number of other things. Once you pay your debts, be sure to get a settlement letter and send a copy to the credit bureaus so they can update your credit report.

5.Cut cards. Even if you do nothing else, stop charging, and continue to pay at least the minimum on everything. Finally, you will receive a full fruit. Keep one card available, but difficult to use (for example, put it in a container of water in the freezer), for those times when you must have a credit card.

6.Keep some credit accounts open. Close to no more than one or two every six months or so. A sudden burst of activity of any kind reflects poorly on their financial stability. In deciding which is to keep open, keep at least one or two oldest accounts – the third biggest factor in your credit score is the length of credit history. Having 5 accounts with zero balance on four and $ 500 in a reduced credit risk, compared with two accounts with a balance of $ 250 each.

7.Pay their debts. Once you have decided how much it can pay its debts against, and negotiated lower payments, you must allocate the portion of its budget to each creditor. Pay the minimum (or agreed amount) for each and every creditor, every month, on time. Then pay extra against the lowest outstanding balance. Every time that you pay your balance lower, hold, then “snowball” in the shortest payment balance. total outstanding debt is almost a third of your credit score.

8.Get card secured credit, if you do not have a traditional, and the need to build your story. You are unlikely to be rejected by one because you supply the money up front as collateral. If you deposit $ 300 with the bank, will have $ 300 limit credit card secured. Be careful with the high interest rate and fees sometimes associated with a secured card. Pay in full, on time each month to avoid most of those fees.

9.Join a credit union. They’re more likely to give you loans in the future than a normal bank.

10.Make all payments on time. No fix a small amount of the settlement can not afford. Only a bad image on their credit. Payment history is the number one factor in your credit score – over one third of your score.

11.Avoid bankruptcy if possible, but it appears in your credit card for 10 years. Do not take the easy way out now, you’ll pay for it later. It takes a lot more work and dedication to rebuild your credit than it does to declare bankruptcy, but you’ll be glad you did.
12Add good credit accounts to your credit files. When you add a good TRADELINE credit accounts credit profiles, increase your credit score. If you add good credit accounts and even a bad credit account deleted from your credit reports, your credit score can increase by up to 80 points with just these two actions.

If you’ve seen the television or open the mail lately, you know that there are plenty of companies eager to help you consolidate your loans to reduce your payments by half “or” reduce interest rates “and” help overcome debt faster. “In fact consolidating your high interest loans and credit card debt into a loan with a lower interest rate and more manageable payments makes sense. Unfortunately, not always. Many people who end loan consolidation paying much more than anything else and, in the case of loans secured by mortgages, an alarming number of borrowers end up losing their homes. Add to this the fact that many so-called “consolidation” are not really building programs loans at all, and rightly so, debt consolidation has a bad reputation. However, you may be able to benefit from the consolidation, where you explore your options and proceed with caution.

1.Get your credit report and FICO score. Any loan that is based largely on your credit score, so you should check that. However, if your credit score actually reveals quite well and that a reasonable credit rating, you may be able to easily consolidate loans at a lower rate, especially if your credit has improved since you got the loans. Check your credit report carefully to make sure everything is accurate. The inaccuracies can hurt your score and keep the rate you deserve.

2.Consider all your options. Before turning to a debt consolidation loan, consider your other options.

If you want to save money, but you’re not in a desperate situation, just to pay their debts quickly, giving priority to them. all you can afford each month on your loan, higher rate of making minimum payments on their others. Thus, they can reduce their monthly finance charges as quickly as possible.
Call your credit card company. If you have a relatively good credit, you may be able to speak simply of your credit card company and negotiate a lower interest rate. If does not give you a lower rate, may be able to transfer your balance to a credit card with a lower rate long-term or no introductory rate – just make sure you know what your rate will be after the introductory period.
Contact a credit counseling agency. A credit counseling agency in good condition can provide free or low cost advice on managing your debt, and can help you prepare a budget to get your finances under control. Credit counseling, however, does not necessarily mean entering a program of debt management, and you should be careful with any organization that is pushing a program immediately. In general, be careful when choosing a credit counseling agency. Even agencies that are registered with nonprofit often charge high fees.
Sell your car. If you can not pay your car payments, trying to sell his car to repay the loan. If the car is recovered, it will end up costing you more money.
Talk to your mortgage lender. Mortgage lenders generally good reputation of working with you if you pay some temporary problems. Contact them as soon as you know is going to have problems, and may temporarily suspend payments or accept reduced payments. It may also be able to extend the payback time, reducing your monthly payments. Be sure to ask about additional charges or penalties for failure to reach a settlement and to consider refinancing your home if you can get a better interest rate.
Drawing on his life insurance. the life insurance policies usually allow you to borrow against the cash value of the policy. This easy, usually low-interest loans you can get quick cash to pay debts. Be sure to check the tax implications of loans, and understand that if you do not pay the loan which is deducted from the amount your beneficiary receives.

3.Understand the difference between a loan consolidation and debt management program debt negotiation. Companies that claim to be able to help you reduce your payments or get out of debt can develop rapidly to offer consolidation loans – which may even have the word “consolidation” in their names – when in fact they use methods such as management debt settlement, or even bankruptcy. There are major differences between these two possibilities.
A consolidation loan is simply a loan to pay other loans. Once the consolidation of a loan, you owe the money for the new lender, not the original creditor. A consolidation loan can lower your monthly payments, either by reducing interest rates or extending the payment deadline, but it’s worth to other creditors in full. temporary consolidation loans can stain your credit, but usually far from the extent of debt management programs or debt negotiation.
management programs can also reduce their debt payments, but they work differently. A management agency debt acts as an intermediary between you and your creditors and try to negotiate a reduction in interest rates or lending rates. It then agreed to pay a debt management or credit counseling agency, and the initial payment (usually less cost) to its creditors. Participation in a plan of debt management usually appears on your credit report can negatively affect your credit score.
Debt negotiation is the act of payment of a debt for less than what you owe. You pay a fraction of what he owes to a creditor and the creditor writes the remaining debt. Credit card companies often offer a lump sum settlement as a way to recoup some of their losses. While you end up owing less, a solution that will crush your credit, bad. Worse, these other companies that the debt negotiation offer has been known to dress as the consolidation practices, and these companies often charge exorbitant fees while simply passing through along sometimes no payments original creditors to negotiate, even a difference in terms of repayment.

4.Aim to pay your debt quickly. One of the most attractive features of the consolidation loan is the possibility of lower monthly payments. But if the payment is reduced to only the result of the dissemination of depreciated over a longer period of time, is likely to pay more – sometimes much more – with the consolidation of what would have otherwise. Calculate your budget, your monthly payment as high as you can safely. You end up paying less, and we will get out of debt faster.

5.Get the right loan for you. debt consolidation loans can be secured (backed by collateral) or unsecured (often called “personal loans”).
Secured loans and second mortgages, lines of credit insurance, or mortgage, usually have lower interest rates on unsecured loans, because if the borrower defaults on the loan, the lender can recover the money from the sale of underlying assets. The interest on a mortgage loan may also be tax deductible, a feature that can save you more money. Note, however, that if you default on a home equity loan, the lender can foreclose on your house. Carefully consider the risks before opting for a secured loan. Also note that these loans may include hidden fees such as “points” (one point equals one percent of the amount borrowed), which can increase the cost of your loan.
Unsecured loans are a safer option because they have to risk your home or other assets. If you have good credit, you should be able to get a decent rate (at least compared to credit cards) to an unsecured personal loan. Depending on your situation, however, especially if you have bad credit, you may find that only a secured loan you get a lower rate than they are currently paying.

6.Shop around. Get quotes from several lenders, and compare terms and interest rates carefully. Your own bank or credit union is often the best option, especially for personal loans, but it is a good idea to shop around. Get written quotes so that you can compare lenders through. There are also websites that allow you to compare several lenders. Make sure you understand all costs associated with loans and loan conditions. For a solid price for the loan, you have to really apply, since the final interest and fees may vary materially from those cited. Get an estimate as accurate as possible by providing only accurate information.

7.Compare the total cost of the consolidation of its current situation and consolidation loans. Do not just pay attention to the monthly payments. This is how to attract companies to consolidate, but even with the lowest payment that can end up paying much more in the consolidation. Instead, consider how much you’ll pay for a consolidation loan interest fees upfront and recurring costs of closure and points (for guaranteed loans), and the possible tax consequences in the life of each loan. Choose the best option compared to the total amount you have to pay to settle its existing loans (if you were to consolidate). If you can get substantial savings in total cost of the loan, consolidation is probably a good choice.

8.Read your loan contract carefully. Read every word, and then read every word again. Ask any questions you have, and make sure you understand the answers, no matter how often you have to ask. If in doubt, attorney or other source of knowledge, independent look at the documents for you. Something that seems insignificant to a contract can end up costing thousands of dollars or even your home, so do your due diligence.

9.Reject credit insurance. Some lenders try to pressure you into buying credit insurance, either to extol its virtues, which means that your application will be rejected, or hide from you. If a lender is not past, go out and file a complaint with relevant authorities (in the U.S., the Federal Trade Commission (FTC) handles complaints, like many state attorneys general). Credit insurance can add a huge cost for the loan, and usually offers little protection. The lender can make the cost seem small, telling the monthly fee, but do not be fooled.

10.Finalize the loan. If your loan has been approved, complete the full application process. This should be simple, but it may take some time and footwork. If your loan rate is different from what they were called, find out why, then ask your next best option. Do not be fooled by the old bait-and-switch.

11.Control expenses. If you are looking to consolidate because the debt has hit in the head, no time like the present to have a good look at your budget and balance so you do not continue to dig in..

The benefits of applying this loan are that you do your bi-weekly automatic payments, variable interest rate is fixed at the time of having the money, procedures very simple, revolving credit once you pay, free secure release on death.

The period is 36 months, you can get up to 8 months of salary or $ 80,000 depending on ability to pay.

If you have credit references can be obtained up to 10 months’ salary or 350,000, depending on ability to pay.

The least they provide are $ 2,000

To hire is necessary to go to a branch of Banamex and cover:
Be between 18 and 79, to receive your payments through payroll or Executive Profile Banamex, 2000 gross monthly minimum, have a minimum of 3 months old in your current job, official identification, proof of income.

Master Card, the second largest network of credit and debit cards in the world, on Tuesday reported a 31% growth in second quarter profit on lower costs and increased consumer spending.

The firm posted net income of 458 million, or $ 3.49 per share.

That compares with a profit of 349 million, or $ 2.67 per share, in the second quarter last year.

On average analysts expected earnings report MasterCard 33.33 per share, according to Reuters Thomson I / B / E / S.

The company partly attributed its results to spending on their cards, particularly outside the United States.

The gross dollar volume of MasterCard transactions processed increased by about 8.5% overall over the previous year to 656 000 million. But the expansion in gross dollar volume in the United States remained stable at U.S. $ 244.000 million.

MasterCard said that more consumers had resumed travel – spending money – to other countries. Its international volumes rose by 15.2% over the previous year.

Revenue rose 6.7% to 1.370 million, slightly below analysts’ average expectations.

MasterCard cut costs by 10.4% to $ 648 million the previous year. The company said it paid less in wages and compensation, after firing employees during 2009.

On Monday MasterCard shares closed down 3.6% to 202.52 dollars on Tuesday fell 0.17% after opening.

It may seem a trivial issue, but with identity theft rampant, one can never be too cautious.

1. Find in credit card and be sure that it is a credit card to be cut. Do not laugh, and many have distracted cut your new credit cards!

2. Identify card number embossed on the front. Turn over. Recognize that the number is reproduced in the back with the addition of a security code of three digits.

3. Referencing the front of the card, cut three times. Once among the four groups of numbers. Snip, and cut.

4. Find the security code on the back. Cut so that the number in relief and the code separate. SNIP. It is also a good idea to cut each of the four pieces in half again (eighth).

5. Discard each of the eight parts in a separate container. Preferably in different cities. But clearly different locations and at different times clearly

1.Avoid delinquent credit obligations. Late payments, bad debts or legal judgments against you make you look like a customer at risk. Get a copy of your credit report and eliminate errors.

2.Click check your credit application. Credit application is incomplete. Perhaps you left out some important information or made an error in the application. Any large discrepancy between the application and your credit record can count against him. The lender will wonder if you are hiding something. Always check your application.

3.Know if you have many queries. Consultations are done every time you apply for credit. Requesting your own report also counts as a question, but is not usually used against you. At the discretion of the creditor, only four inquiries within six months may be considered as a sign of excessive credit activity. The creditor may then assume that you are trying desperately to get credit and are being rejected elsewhere.
NOTE * In general, several investigations of a “significant” purchase like a house or a car loan are counted as “an” investigation.

4.The if there are errors in your credit file. These may arise simply typographical errors, or to confuse his name with some other similar name. Since the credit bureaus handle millions of files, the possibility of error is substantial. Errors can be found and corrected only by carefully reviewing your file for accuracy at least once a year and then take the necessary steps to correct any errors you find.

5.Consider you do not have enough credit. Insufficient credit file. Your credit history is too low for the type or amount of credit requested. You need to develop your credit history more fully before qualifying for the level of credit being requested now.