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How to take care of financial health in times of crisis

2023-03-28T15:19:08.459Z


Accessible rates, easy and fast procedures. Which are the companies that offer the best offers.


Brand Studio for Vilkas

In a market where the macroeconomics can complicate everything, it is necessary to make an effort to take care of financial health, understood as good management of the personal, family or business economy.

Given this, it highlights the importance of having adequate investment options for when there is savings or financing capacity when it is convenient to advance income to cover debts.

In the local market, there are companies that can be key partners in improving financial management, either for the support they provide or for portfolio management in the different segments in which they operate.

This is the case of Briksave, Cofa, Adelantos.com, Debt Online, Waynimovil, Mins, Bell, Credilow or Decisio, whose main managers analyze here the options they offer in a complex and uncertain market.

bricksave.

Crowdfunding in real estate is here to stay

The advancement of technology brought with it

revolutions in all industries and the real estate sector was no exception

.

In recent years, crowdfunding platforms have emerged that have changed the paradigm of real estate investments.

Bricksave was one of the first companies to work with this modality in Latin America.

Co-founded in 2016 by Argentine Sofía Gancedo, the platform allows anyone, anywhere in the world, to

invest in residential and finished properties in the United States and Europe starting at just $1,000

and earn estimated net annual returns of between 7% and 9%

In terms of operation, the

Bricksave platform combines more than 3,000 data points to identify potential investment properties

, which are presented on the website.

Users for their part choose how much and where to invest.

Once the financing is complete, the property is put up for rent.

Sofia Gancedo, COO and Co-Founder of Bricksave.

After four years, or in the event that the property appreciates 20% before the expiration of that term, it is sold and each investor receives a refund of the original amount invested plus the corresponding returns.

www.bricksave.com

TOP.

Credit scoring, what it is and what it is for

Access to credit is currently very limited in the market and one of the causes -besides the economic situation- is the negative credit history of a large part of the population who contracted debts without measuring their ability to pay and fell behind in the compliance.

Santiago Gorla, Executive Director of COFA.

The financial background of each person or company as a debtor in the system is reported monthly, on a mandatory basis, by financial entities, financial trusts, non-financial entities issuing credit cards and other non-financial providers to the BCRA.

When a person has a good financial history, entities are open to continue operating, not only offering new products but also increasing financing limits, with lower rates and longer terms.

However, when the records begin to be negative, those possibilities are closed, there is no renewal of products, the limits are very low and there is no possibility of obtaining loans or, if they are obtained, it is for low amounts, at lower rates. high and for shorter periods.

www.cofa.com.ar

Adelantos.com Extra bank credit is speed and inclusion

Adelantos.com is a

platform that gives Inclusive Salary Advances instantly

, 100% online (without documentation), 24 hours a day, 365 days.

It differs from other online credit platforms, mainly by focusing on speed and being inclusive.

Tomas and Matías Friedberg, Co-Founder of Adelantos.com

In today's world the speed at which a service is provided is one of the most important things for the customer.

That is why Adelantos.com's proposal is based on the fact that “taking out a loan with us is just as easy as downloading an app from the appstore”.

To achieve this, they had to focus on the

process being 100% online

,

without documentation

, and that the funding speed be almost instantaneous.

To apply for a credit, you need to fill out only 5 fields.

Then they will receive an offer and if it is accepted, the money will be covered in less than 6 seconds automatically.

On average, between the time the person enters the web until he gets his money, it does not take more than 2 minutes.

This possibility transformed a system in which

7 out of 10 clients of the platform cannot access a bank loan

.

www.adelantos.com.ar

waynimobile.

Online loans with easy-to-adopt financial technology

Wayni was born about 5 years ago, after having pivoted from an original idea related to financial inclusion and blockchain technology,

today it provides its credit and payment services in Argentina and Uruguay

.

However, it does not stop growing as it is about to launch other banking-related services for the general population, as well as for independent workers.

Juan Francisco Salviolo, Co-Founder at Waynimovil.

For its part,

Waynimóvil differs from other mobile banks because of its customer focus and after-sales services

, that is, in the customer experience (CxO).

They also differ in the use of technology, scoring and risk models, and in the contribution that Open Finance and Open Banking models can give in terms of access to financial services in the future.

With a range of loans of up to 70,000 pesos, considered the largest volume or flow of clients,

Waynimóvil has an average granting time of one hour maximum

,

although it is generally almost instantaneous.

www.waynimovil.ar

Mins.

Facilitator of agile and competitive digital credits

Fintech companies such as Mins, specialized in granting easy and agile financial aid, make their way among the various services that society requires, hand in hand with technology.

In a true revolution of access to simple and secure financial services, Mins, which receives more than 50,000 loan applications every month,

adapts to the critical need of the applicant at the moment,

accompanies and advises them, providing help in a matter of minutes to through its technological platform.

Sebastián Cuella, CEO of Mins.

With systems and innovation, this simplification of processes helps the efficiency of the company and the sector, which seeks access to services and products that improve people's quality of life and the development of society.

Added to the challenge of generating a greater credit history for people excluded from the system, progress is being made step by step towards real, sustainable financial inclusion for all.

www.mins.com.ar

Stock Market Bell.

What to invest in during the financial crisis

In any adverse context,

investment opportunities and interesting returns arise

, such as some attractive dollarized opportunities that provide assets, such as Negotiable Obligations (ONs) of companies.

One possibility is to buy ONs of YPF 2025. They are titles that will pay interest in dollars of 8.50% per year and are protected by international laws.

You can buy sheets of 1,000 YPF 2025 ONs, each one represents 1 dollar to be collected, plus interest, and in July 2025 YPF must pay 1 dollar for each ON.

The plus is that we can buy them at prices of less than 1 dollar

, so the final return will end up being well above 10% per year in dollars.

As there are various ONs within reach, Telecom Argentina and Mastellone have ONs that will expire in 2026, and that could leave a yield of around 10% per year.

Others such as IRSA or Arcor have ONs to 2027 or 2028 with an annual return of 8% per year in dollars, but there are also shorter titles to 2023 or early 2024.

www.bellbursatil.com

Credilow.

The credit that people excluded from the system need

After 25 years in the consumer credit market, Credilow, the company of three brothers that helped survive the 2001/2002 crisis and the pandemic.

"We are always dedicated to giving consumer loans to the underbanked population at the base of the pyramid," explained Juan Manuel López, CCO of the company that works with its own network of affiliated businesses.

There the clients, mostly informal, make their purchases and can also request money via transfer to their bank or virtual accounts.

Juan Manuel y Martín, CCO and CEO of Credilow.

Four years ago

they set out to "Digitalize the street"

and their knowledge of the segment allowed them

to build their own "end to end" platform

with which they innovated and carried out their purpose.

In this regard, Martín López, CEO of Credilow, highlighted: "Through our app you can buy on credit in participating businesses, in seconds and without papers, in this way we give access to credit to people excluded from the financial system and we allow to increase the sales to the commerce”.

www.credilow.com.ar

Online Debt.

Debt solvers with healthy financing

Debt Online is positioned as

a company that provides comprehensive corporate solutions

, including those related to collection.

Through its self-management platform, it allows each person to view their debt and choose the most convenient way to settle it.

"Our platform allows the client to see the information, amount, form of payment, expiration date, component and informative data of his debt, and in a more advanced step, allows him to see the alternatives and forms of payment", explained Dario Palmero, Director of DebtOnline.

The system is designed to

obtain the best discounts and plans to settle the debt instantly

, easily and safely in three simple steps.

It begins with the entry of the client's ID to search for debts in their name and know the balance of the same, to then choose the appropriate plan in amounts and terms, and enter the data with an associated email to be able to pay.

www.deudaonline.com.ar

Decided.

Is the fault of the over-indebtedness of the banks or the client?

The financial crisis of 2007 began with a process of over-indebtedness of a segment of the population called "ninja" (people without income or work according to the acronym in English).

This operation was based on a key error:

the loans exceeded the value of the mortgage guarantee

under the premise that the price of the properties would continue to rise forever.

Among so many emerging derivatives of said crisis, the discussion arose regarding who was responsible for the over-indebtedness of individuals: financial institutions, clients or the State.

Beyond the search for those responsible, it is obvious that the three main actors failed.

Therefore, it is important to find a superior model that minimizes these risks.

Today there is ample international evidence regarding the balance that an appropriate protection framework requires rational and effective regulation, sound governance of entities and financial education.

www.decisiola.com

Source: clarin

All news articles on 2023-03-28

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