Are a credit and a loan the same?

Many times when data on financial products are consulted, two words appear that are sometimes confused. We talk about the terms credit and loan. Although they are sometimes used as synonyms, the truth is that they are not. There are differences between the two concepts. In Tzedakah House we are going to explain why they are not the same ...

Different types of loans

Loans are one of the financing methods most used by both individuals and companies. Through this system, the lender offers an amount to the borrower associated with interest. These interests will be higher or lower depending on the risk of the operation. The amount of loans that exists is very varied. By…

How car loans work

When applying for a loan there are many alternatives that can help us obtain the amount we need. For example, one of them is to use our vehicle as collateral or guarantee of the loan. However, many users do not know that this option exists. For this reason, from Tzedakah House we want to explain how loans work ...

How online loans work

Online loans have become one of the most used financial alternatives in recent years. And it is not surprising if we think about the facilities offered to customers and the speed of concession. They are an option to consider for both individuals and companies. However, do you know ...

What types of debts exist

At some point we will end up acquiring some type of debt. The creditor, who can be both a legal person and a physical person, will be the figure to whom we owe the money. Within the types of debts there are different varieties. Which can be classified into two large groups. Would you like to know more about it? In…

What is debt refinancing

It is normal that over the years we acquire certain debts in order to acquire some products or services. For example buying a car or even a home. In these cases, there are two possible scenarios: That our financial situation has worsened over the years. Unfortunately something quite frequent since ...

Do you know what the grace period is?

If you've ever applied for a loan, be it from a private equity firm, a lender, or your longtime bank, you may have come across this term along the way. We are talking about the grace period. At Tzedakah House we want to explain what it is, what its varieties are and the pros and ...