How to apply for a payday loan consolidation?

Having a charged-off debt means you have not been paying the full minimum payment on money you borrowed for a significant amount of time. Because of the delinquent payments, your debt is re-categorized as “charged off” on the company’s profit-and-loss statements. That means your creditor has given up hope that you will pay them back.

The company considers the debt a loss, marks it charged off as bad debt as a profit-and-loss write off, and will either sell or transfer your delinquent debt to a collection agency or a debt buyer.

At that point, one debt may now appear twice on your credit report, compounding the confusion. One debt listing will be from the original company you borrowed money from. The second listing is from the debt collector the account was transferred or sold to. Both accounts will show up as active, which can make it frustrating to decipher.

Does Charged Off Mean Pay Off? Do I Still Owe the Debt?

Having your debt charged off does not mean your debt is paid off. Charged off is often used interchangeably with written off, sometimes leading people to believe the creditor has written off their balance and they no longer need to pay their debts. That is not the case. The company is writing off your debt as a loss for its own accounting purposes, but it still has the right to pursue collection of the past-due amount.

You are still legally obligated to pay back the money you borrowed unless you settle (or file for certain types of bankruptcy) or the statute of limitations has been reached.

When Will a Charge-Off Happen?

Creditors will first try to send letters to remind you of a past-due bill. If that fails, they move to a collections process. Re-categorization to “charged off” typically happens after your payment is 180 days past due, though installment loans (something along the lines of a mortgage, for example) can be charged off after 120 days of delinquency.

The six-month mark comes from a generally accepted accounting principle that determines 180 days to be the point after which receiving payment is highly unlikely.

It is important to note that debts can be charged off even if payments have been made, providing that all of the payments were below the account’s monthly minimum. Once the debt is charged off, the delinquency is reported to credit agencies.

How Does a Charge-Off Affect My Credit Report?

A charge-off will be bad news for your credit report. Because a charge-off comes from missing payments, you will have late payments and a charge-off listed on your credit report. Negative information such as those leads to a lower credit score.

In fact, late and delinquent payments have the largest impact on your credit score: up to 35% of your score is determined by your payment history. And a lower credit score can cause everything from higher insurance rates to larger utility deposits to being denied credit.

How Long Does Charged-Off Debt Stay on My Credit Report?

Just like late payments, a charged-off account will remain on your credit report seven years from the date of the last scheduled payment before the account went delinquent. The time period does not start over again if the debt is sold to a collection agency or debt buyer. After the seven years, the charged-off account will automatically be removed from your credit report.

How to Remove a Charge Off from a Credit Report

To remove a charge off from your credit report, you will first have to contact the original creditor to begin negotiations. You will have to convince the creditor that you need the charge off removed, but in exchange, you will provide payment of the debt owed. If you have a larger chunk of money available that you can pay on the debt, then you may have a better chance of success at negotiating.

Before contacting the creditor, you should have a fairly good idea of how much you can realistically pay them on the account. It is also good to note that if the account is in collections, then there is nothing they can do to remove the charge off (although they can remove the collection account). You must speak directly to the original creditor about possibly removing the charge off.

You can also speak to the original creditor about a payment arrangement, however, make sure you do not provide them with any excuses or reasons as to why you weren’t paying before. All they want to know is if you are able to pay the debt you owe. Remain both polite and professional while speaking to the creditor in charge of your charged off account.

What Should I Do if I Have a Charge-Off?

The best thing to do is to consolidate payday loans via PDL Helpers. Once paid, the report will show “paid charged-off.” It won’t remove the charge-off from your credit report, but it will show you are making an effort to resolve the negative account.

If you are unable to pay the debt in full, create a budget to find extra money to pay down the debt quicker. Paying your other debt on time each month is another great way to improve your credit report.

If you want to avoid having any of your accounts charged off, the best thing to do is take preventative measures. Learn and maintain positive financial habits and avoid living outside your means. Look into automating your finances as well to make sure you don’t miss any payments on your cards and put yourself at risk for getting charged off.

Bottom Line

When learning what a charge off is and what you must do to get past this negative mark on your credit report and settle your debt, you should take all the advice we have given you and heed the suggestions while remembering the key points of a charge off:

  • You are still responsible for paying off the debt even if the account has been charged off. This means the full amount owed to the original creditor, and they are able to attempt to collect the debt until the statute of limitations runs out.
  • You might end up making your payments to a third-party collection agency, or debt collector, rather than the original creditor determinant on how much time has passed. If this is the case, however, be sure to practice extreme caution because there are many scams going around in regard to collection agencies.
  • Your credit will definitely suffer through the entire process because of your bad debt. A charged-off account is a big, bold mark on your credit report and it will remain so even after the debt has been paid in full. However, it will look much better if your credit report says that you have paid the account or settled next to the charge off, instead of the charge off sitting as is, unpaid, with no positive notations.

Finally, remember, if you are in debt and feel like you have nowhere to go, there are plenty of debt management programs you can become a part of and they will help educate you on what you need to do to begin rebuilding your credit and digging yourself out of debt.

It is always better to do everything you can to avoid a charged off account appearing on your credit report in the first place. To do this, be sure that you are paying on all your accounts as agreed upon between yourself and the creditors, never allow your payments to become late or overdue, and help recover your credit score by paying off your credit account balances so everything is in good standing.

And don’t forget to check your credit reports from the major credit bureaus at least once a year to make sure everything is accurate and being paid. If you want to check your progress more often, you can get a free credit report summary, updated every 14 days, from

Be sure you are checking credit reports from all three of the major credit bureaus because the information contained in each may differ.

If you’re concerned about your credit, you can check your three credit reports for free once a year. To track your credit more regularly,’s free Credit Report Card is an easy-to-understand breakdown of your credit report information that uses letter grades—plus you get two free credit scores updated every 14 days.


How to get a payday loan of 600 euros

During the day today, we can have financial uncertainties that we do not know how to respond to high bills, domestic breakdowns, fines … For situations in which we need money, they were born and there are loans. However, if we need an amount lower than bank loans and that we can enjoy in minutes, contract a loan of 600 euros or a similar amount may be the best option. Discover with whom and how to get it with the best conditions.

Who offers a loan of 600 euros today?

The vast majority of people have to resort to financial products throughout their lives; mortgages, loans to buy a car, loans to finance a study … Most of these loans are usually of high amounts and are usually contracted with the objective of carrying out large-scale projects.

However, to any of us, unforeseen events may arise during the day to day for which, at a certain time, we do not have sufficient liquidity. What can we do in those cases? Resort to the mini credits offered by the many private companies that have come to our country in recent years. For example, in the face of the breakdown of a domestic appliance, a loan of 600 euros that reaches our account in a very short time may be the perfect solution.

Well, private lenders have broken into the Spanish financial market serving this type of demand. With them, we can request and contract without complications a credit of 600 euros, 700 or. Therefore, if you need low amount credits in a very short time, this type of products marketed by private equity companies will come great.

How do I get a low amount credit?

The arrival of private lenders has radically changed the current financial landscape with a product that did not exist before and that allows us to enjoy urgent liquidity in minutes. However, we must know that there is another fundamental event in the change that has occurred in the finance sector: the rise of the Internet.

Until recently, when we wanted to get the credit we had to go to the bank branch in question and several times. After numerous paperwork, we could enjoy the credits. However, this process has also been simplified, both by the arrival of private lenders and their flexible conditions and by the application of the Internet in the financial market. Now, if we want to get a loan of 600 euros, 15,000 or even a mortgage, we can make the request 100% online and in many cases also the contract. To get an online loan with the amount that each entity will establish its own process, although usually, it is usually like this:

  • Enter the lender’s page and enter the amount and term that best suits what we really need. Using the loan simulators of the entities we can know the cost of credit instantaneously.

  • Fill out a quick and simple form with our personal data. The entity’s system will pre-approve the request or reject it and notify us quickly.

  • In case the credit request has been pre-approved, the lender in question will ask us to send you a few documents.

  • After carrying out the previous step, the entity will send us the contract by email. Before accepting the agreement, it is recommended that we read it carefully to avoid hidden expenses or other costs.

If we are looking for a payday loan or other loan of low amount, Gad-Capital is a good place where we can find it.

Can I get a loan of 600 euros being a new client?

The private lenders are the entities that grant credits of 600 euros since it is very complicated for a bank to grant us a loan with such a small amount. It is true that these private lenders, who do not require any type of relationship, will increase the number of their mini credits depending on the seniority we have as clients. Therefore, if it is our first request, it is more complicated for us to find a loan of 600 euros.

However, although the amount of credits for new clients does not usually exceed 300 euros in the vast majority of cases, if we know where to look, we can find loans with amounts that exceed half a thousand also for new customers. What we must be clear about is that the more capital we hire, the more we will have to pay in interest and with the term, the exact same thing happens.

With quick and easy loans you will get money instantly

Getting installment loans is more convenient and easier than ever- details from In the market, we can get extra money in a few minutes with hardly any paperwork, without links and saving you the trip to the bank. By using this page, we will compare products to distinguish the best offers of quick and easy loans that best suit our financial profile.

When will I get the money with the quick loans?

When will I get the money with the quick loans?

The speed with which we will have the money in our account with fast and easy loans will depend, basically, on the amount that the credit we need goes up. However, the path we choose will also influence the time we wait until we have the money in the account.

  • The type of product. It is not the same to request a mini-loan as a personal loan because, with each of them, we will obtain completely different conditions. For this reason, the time we will have to wait to have the money in our account will increase as the higher the amount we need to carry out a project. In the case of minicréditos, it will be of some minutes whereas in the personal credits it can be for several days.
  • The way we go. In the market, there are several ways to get financing. If before we only found traditional banking entities, now there are also private credit companies and even crowdlending platforms. In general terms, all the processes carried out online will be faster than those that require paperwork or travel. Therefore, it is an aspect that will be decisive when requesting quick and easy loans if we need urgent money.

The characteristics of the financial product and where we request it will give us an approximate idea of how long we will have to wait to solve our unforeseen event or to be able to carry out a project.

It is important to share a financial institution with the lender

It is important to share a financial institution with the lender

In the case of mini-credits, there is a factor that will make the difference between having the money in our account in just a few minutes or waiting several days. The lenders that grant this type of products have an account in one or more banks. Therefore, if it is the same as ours, we will have the quick and easy loan instantly. Otherwise, the time can be extended up to several days on some occasions.

With this in mind, we can make sure that we share a financial entity before signing the contract if we need the capital to resolve an urgent setback. Given two products with the same conditions, this may be the factor that makes us choose one over the other.

Is it difficult for you to apply for quick and easy loans?

Is it difficult for you to apply for quick and easy loans?


Although requesting quick and easy loans does not have a major complication, the process may be choking us if we have never applied for financing before or if we do not finish with the new technologies. With the idea that we request online loans without problems, the HelpMyCash experts have created the following infographic:

If we follow the steps of the previous image, we will apply for the quick and easy loans in the correct way and invest the least possible time. This process is simpler and more intuitive, which is why it is usually difficult for users, regardless of the experience they may have.

eye! Do you have the DNI expired?

eye! Do you have the DNI expired?


Thanks to the application of new technologies in their recruitment processes to obtain urgent money, the procedures are practically nil. Quick and easy loans increasingly require less documentation to request them. However, in most cases, companies will ask us for a minimum of documents to access financing. Although it may seem obvious, not all (or in any state) are considered valid.

If our ID is expired and we do not have a date to renew it, no lender will approve the request in this expensive. Another very different thing is that we have an appointment to get a new one. In this case, we can provide this receipt as proof.

In the same way, if they ask us for other documents, they must be legible and as up-to-date as possible. A payroll with too much antiquity can be a reason for our request to be paralyzed or even rejected.

Quick loans are easy, but not insecure

Quick loans are easy, but not insecure


All entities offering quick and easy loans have several security protocols that make them completely secure. However, we must make sure that we go to legitimate companies. Differentiating both types of lenders is easy if we know what to look for.

  • They will never ask us for money in advance.
  • You can not take us out of ASNEF.
  • They have secure web pages.

Another very useful option is to consult the experiences of customers who have gone to the lender before. On the website, we can check the opinions of the loans and the entities in their product cards. In addition, we can always ask for information through the financial forum of the page where one of our experts will answer individually.

Analysis of the quick credits of our request

To grant us or not the credit that we have requested the entities will review if we fulfill a series of requirements when analyzing several aspects of our profile. Each lender will analyze the following parameters:

  • Payment capacity In this analysis it will be determined if our income allows us to face the payment of the fast credit installments together with the rest of the fixed expenses that we have (mortgage, rent, service bills, food, …) without unbalancing our personal economy.
  • Credit history They will consult the CIRBE, a database where all the past and current credits that we have hired or of which we have been guarantors will appear, to know if we have requested a loan before, if we have repaid it on time or if we have some other valid credit.
  • Default history. Finally, they will also check if we have debts recorded in a defaults file such as ASNEF or RAI. If yes, the options of granting us financing will be considerably reduced. As with the previous analysis, we will not have to provide any type of document to prove our default history.

As this analysis is an automatic process, we will get an answer almost instantly after sending the documentation and finally approve our request. In 15 minutes of receiving the signed contract, we can get the money in our checking account. The approval to search our personal data in the different databases will be given by accepting the terms and conditions at the time we make the form.

Request quick credits easily without payroll, is it possible?


As long as we have a source of income that allows us to meet the reimbursement of the credits we request, we can get the financing we need without any problem. For fast credit entities to consider our alternative revenues valid, they must have certain characteristics:

  • Be newspapers We must receive this payment on a monthly basis and lengthen in time. If it is a punctual income, it will not be considered valid for the lenders, since it will not allow us to face the reimbursement throughout the life of the personal loan.
  • Be enough The amount we receive from our income should allow us to meet our usual expenses and to repay the credit installments without any problem.
  • Be justified. It will be necessary to deliver a document that verifies that we receive an income on a regular basis and that it is sufficient. The pension or the VAT declaration, for example, are documents that would serve as proof of income.

Among the income alternatives, we find the self-employed, the pensioners or, on occasion, the people receiving the unemployment benefit. If our compensation does not meet any of these three characteristics, our income will not be considered valid and our funding request will be denied.

How are fast and easy credits reimbursed?

How are fast and easy credits reimbursed?

Depending on the type of credits we hire, the way to repay it will vary. As fast and easy loans are small amounts and do not require a change of bank, it is not common to direct payments. In general, entities will allow reimbursement in the following ways:

  • Wire transfer. It is the most common to return the quick mini loans. We simply must indicate the lender’s account number and carry out the transfer of funds through online banking or from our bank office. It is important to detail our identifying data so that the entity can cancel the debt.
  • Payment by debit card. Each time a more common alternative in the fast and easy minicréditos. Just as if it were an online purchase, we simply have to indicate the amount that we must reimburse for the quick credit and our card number for the payment to be made. This payment will be made on the lender’s own web platform, detailing the payment details, as well as the amount to be reimbursed.
  • Cash income. For cash payment, we must go in person to the bank where the lender has the current account and specify the number where we want to deposit the money as well as the amount that we will return. It is important to properly identify the payment so that the entity knows that we have repaid the quick credit. Otherwise, they will not be able to identify the payment and we would default on it since it would not show how we would have reimbursed it.

The way to repay the quick loans is in a single installment that will be returned at the end of the term and will consist of the money we request plus the interest generated during that time. Normally, the form of return will be detailed in the contract and will be the one that we will have to make sense when signing the contract, we are attesting that we agree with the terms and conditions. In fast and easy loans of greater magnitude, the way to reimburse it is usually through direct debit.

Can not you repay a quick loan?

Can not you repay a quick loan?

Before hiring fast loans it is vital to be completely sure of being able to cope with your repayment without problems. If not, it is best to avoid getting into debt. If for any reason we are unable to meet the repayment of the loan installments, there are two ways to postpone the refund:

  • With quick mini-credits, the best option is to request an extension. It consists of an extension of the reimbursement period for a few additional days until we rebalance our economy. In this way, we can enjoy 7,14 or even 30 days more to raise the capital needed to repay the loan quickly without incurring a default. During this extension, they will also charge us interest, although it will be cheaper than incurring a non-payment.
  • With fast personal loans, it is best to ask for a shortage. It is about not paying part or all of the credit installments during a certain period of time, which can be from one month to half a year. This lack will allow us to obtain one or several months of respite to rebalance our economy. Although it is a good alternative to avoid defaulting on an easy loan, we must bear in mind that, by delaying the payment, interest will continue to be generated so we will pay more than if we do not request it.

In both cases, it is important to request the option that we want to use BEFORE the date established for the reimbursement since otherwise the entity would interpret it as a non-payment and we would have to pay the relevant commissions and penalties. The vast majority of fast-loan institutions are willing to negotiate a solution that will help us cope with the repayment of credit without unbalancing our economy.

In addition, our bargaining power with the entity will be higher before incurring a default. In this way, we can negotiate a quota or a term more in line with our economic level. In addition, virtually all entities offering quick and easy loans are willing to negotiate a more appropriate repayment schedule to avoid default.

Forum will submit a total amendment to the 2018 budget project

Image result for oviedoThe Board of Directors of Asturias Forum has agreed on Wednesday to present in the Congress of Deputies an amendment to the draft General State Budget (PGE) of 2018.

This has been confirmed in a press conference held in Oviedo by the president of the party and the secretary general, Cristina Coto and Francisco Álvarez-Cascos respectively. The reason for this rejection of the project is that they understand that it supposes a “manifest breach” of the coalition agreement that Forum and PP signed to attend the last elections.

Likewise, they have agreed to submit amendments to the respective Sections of the Ministries of Development, Education and Culture, Industry and Energy, Economy and the Presidency, which include the main breaches that they believe have occurred.

Coto pointed out that no ministry has negotiated anything with the Forum “despite knowing that our support is subject to compliance with the electoral commitments made.” In that sense, has indicated that his party is fulfilling its part “but the PP Government is not fulfilling his to advance substantially on issues that are key to the immediate future of Asturias.”

Thus, he has referred to the investment of 232.8 million euros in these PGE is an “unacceptable fall” of 15.85%, after the 2016 amendments Forum amendments increase investment in Asturias to 276, 6 million. “However, Coto said that the figures of euros are a necessary condition” but not enough “, since Asturias” does not serve any destination of budgeted euros, but the result of its application to the end established. “

Coto has also referred to the words of Podemos spokesman, Emilio Leon, who has criticized the Forum’s rejection of the Credit Law asking them if they would dare to do the same with the PGE of the PP. In that sense, has described the credit law as “sloppy Javier Fernandez” and said that the announcement of the amendment to the PGE all shows that “Forum is very serious in defending Asturias, while they – We can – they settle for the crumbs. “


Among the most serious breach made by the Forum to reject these PGEs is that the European width and the high speed between Asturias and Madrid are not guaranteed. “A key point for the Forum to support them,” he stressed, adding that the times between Gijón and Oviedo with Madrid “are not comparable with the rest of the capitals and main cities of Spain.”

On the Metrotrén de Gijón, Cristina Coto pointed out that the PGE does not contain provisions for works in this legislature to “furnish” the tunnel between Viesques and the Railway Museum and no new one is contemplated until Cabueñes “that does not even have plans”.

In addition, it has indicated that the Ronda Norte de Oviedo has not assigned relevant quantities and that the southwestern highway does not have significant advances, by collecting only a “small departure” to double the 2 kilometers between Salas and El Regueirón in a vital communication for the inner West of Asturias “.

Coto also explained that the continuity of thermal power plants requires items dedicated to the reduction of environmental emissions and that specific aid is needed for Asturias to improve industrial competitiveness and create employment, in addition to not including the fulfillment of the State debt with Asturias “to comply with the Sentence signed on Mining Funds”.

In cultural matters, he highlighted that the 550,000 euros allocated for 2018 in the protection of the Asturian Pre-Romanesque is the same amount that was in the last fiscal year of 2017 “and that had a low degree of execution”. In this regard, he pointed out that the Forum finds it “inexplicable” that on Monday an investment by the State of 663,000 euros for the rehabilitation of San Miguel de Lillo was announced, “which does not appear in the 2017 PGE or in the project. of PGE 2018 “.

On the other hand, he has also described the Asturian demographic crisis as a “serious problem”, he recalled that the region has the lowest birth rate in Spain and has urgently demanded a European Court Plan.


Image result for agreement

The Secretary General of the Forum, Álvarez-Cascos, pointed out that the Minister of Public Works, Íñigo de la Serna, announced in December “that Asturias will not be a high-speed community”. Something that Cascos is not “subjective” and assumes that the investments programmed for Asturias “are for a different purpose than the one signed in the pact.”

Thus, it has indicated that the “scenario” is “different from the PGE of 2017, since, according to the Forum, the PP has not complied with the amendments they submitted to the previous accounts.” Each party has to display their letters and we we show what we have since 2015 “, said Cascos with the electoral program with which they presented themselves to the 2015 general elections together with the PP in hand.

With that, the former minister has affirmed that he continues to trust that this commitment will be fulfilled, “but in the meantime we exercise the right to present amendments”. “We hope they prosper,” said Cascos, who has ruled that his party seeks to give the image of defending the interests of Asturias and signed the agreement with the PP “in good faith.”