Categories
Payday Loans

Fast Payday Loan Is Really Amazing

 

Our company is already well known on the market and can be safely described as a reputable and trustworthy company. It is now offering Fast payday loans for its customers. It is a low interest rate product, of course you can take out the loan from the comfort of your home, and in addition, we provide you 30 days after the conclusion of the contract to think about whether it really is the right product for you. If you find that this is not the case, the loan can be canceled without penalty at that time.

Fast payday loan and its characteristics

Fast payday loan and its characteristics

The Fast payday loan is provided in the amount of 10,000 – 150,000 dollars, with a maturity of up to 84 months. Repayments are fixed on a regular and fixed basis. The interest rate of the loan is very interesting and no fees are paid, either in advance or after the loan is paid out.

The condition of the granting is that the applicant for the loan is aged between 18 and 70 years, capable of legal acts and with permanent residence in the territory of the the country outside the municipal office. Employees, entrepreneurs, pensioners and women on maternity leave and the unemployed can apply. If you qualify, the loan can be applied for and processed through the online form.

Benefits Fast payday loans

Benefits Fast payday loans

The ability to complete all the necessary formalities online is not the only advantage of this product. The loan is completely free of charge. It is provided as a non-purpose loan. If you decide to pay for it before you originally agreed with the provider, this is no problem and can also be done for free. Otherwise, you pay fixed monthly payments until the debt is fully paid.

Other contributions from the section

Other contributions from the section

Overpay the loan as little as possible Don’t be surprised by the executor? Loans immediately, yes or no? Do you buy an apartment? How will you fund it?

The safest way to borrow online is to make sure you’re dealing with a reputable lender and that you keep an eye out for red flags. There are two major risks when borrowing money online. Losing money is a real risk: fake lenders can easily set up shop, promise the world, and charge fees for approving your loan

Categories
Uncategorized

Does credit rescheduling make sense – it actually make sense to repay a loan

 

Ever lower interest rates and significantly rising offers entice many consumers to reschedule their existing loans. But when does it actually make sense to repay a loan? We clarify these questions in this article.

Does it always make sense to repay a loan?

Does it always make sense to repay a loan?

Debting a loan means, for example, that you are repaying several loans and are debiting the respective remaining debt of these loans into a single loan.

This may significantly reduce fees and borrowing costs. But even a single loan can be rescheduled if, for example, you get significantly better conditions than at the current bank.

Debt rescheduling loans are usually good business for banks, which makes it easier for you as a consumer to get a new and good deal. But be careful: If there have been payment defaults at the current bank in the past, the chances are no longer so good at the new bank.

When a debt rescheduling makes sense

When a debt rescheduling makes sense

Basically, it can be said that debt rescheduling always makes sense if a new loan is significantly cheaper , taking all costs into account. However, the costs include not only the costs of the new contract, but also the so-called prepayment penalty , which has to be paid to the old bank. This is a fee that is due as some kind of compensation for terminating the loan agreement early. Your current loan agreement states whether and to what extent this prepayment penalty is due.

Tip for prepayment penalty

If your loan runs for more than 12 months, the bank may charge you a maximum of 1 percent of the remaining debt as compensation. However, if the term is less than 12 months, it is only 0.5 percent. This applies to all contracts that were concluded after June 10, 2010.

Determine the total cost of the old contracts

Determine the total cost of the old contracts

To calculate whether rescheduling one or more loans makes sense in your case, you need to take the following into account:

  • Calculate the costs that are due until the end of your current loan or your loans.
  • Determine the prepayment penalty for each loan.
  • Get a debt rescheduling offer including all costs for the entire term.
  • Compare the costs of your previous loans up to the end of the term (including prepayment penalty) with the costs that would be incurred for the new loan for the entire term.

Now it is very simple: If you have less costs with the new offer on the total term than in the remaining term of the previous loans, then a debt rescheduling makes sense in your case.

This is how a debt rescheduling works

This is how a debt rescheduling works

1. Does the debt rescheduling make sense?

As mentioned above, the first step is to check whether rescheduling the loan makes any sense in your case. Use the above calculation for this. Ask the bank for a transfer certificate. There, all costs including prepayment penalty are added up to the end of the term. If you want to reschedule several loans, all you have to do is add up the total costs of the respective transfer certificates.

2. Obtain credit offers

Now you can get new loan offers. So that they are actually cheaper, you should get an offer for an online loan instead of going to another bank branch. The big advantage is that you can also carry out a neutral loan comparison directly online and the comparison calculator determines the best offer for you from several banks.

To use the loan comparison, you only have to specify the required loan amount, the term and the purpose of “debt rescheduling”. The loan amount required should then correspond to the redemption costs of the other loans. However, some also add a little more money because they may be planning a new purchase.

It is important that the new bank knows that you want to redeem the existing loans. Otherwise, a cancellation could quickly occur if the bank is not aware of this. In the meantime, however, the technology is already so far that the new bank can already see your existing loans.

3. Take out a new loan and cancel the old one

If the conditions are right for you, you can take out the new loan directly online. An adviser to the bank or the intermediary may contact you again by phone. You can also clarify directly with the new bank whether it will cancel and redeem the old loan. As a rule, this is usually offered as a service.

Categories
Uncategorized

Borrow 1400 dollars – 1400 dollars mini loan with instant payment to your account!

A $ 1,400 mini loan can help you to bridge an acute financial bottleneck. If you have to pay such a large sum quickly, but the money is not available at the moment, a mini loan of 1,400 USD is a good way to meet your liabilities. With us you will learn everything about mini loans and how you can take out a 1,400 USD loan.

Which providers offer a 1,400 USD mini loan?

Which providers offer a 1,400 USD mini loan?

You can take out a 1,400 USD mini loan with Capital lender or Prida Cash Lender. Both providers, however, only grant loans of this amount to existing customers. First time customers have no way to take out a 1,400 USD loan. In general, you should think carefully about whether you want to take out a 1,400 USD mini loan. Due to the short term, interest rates are not particularly important. Even with a term of 90 days, Capital lender would only incur interest of USD 32.56. However, the high repayment rates can be more problematic.

For this reason, it is advisable to take out a normal installment loan of over 1,400 USD. Although you pay the interest over a longer period, the monthly installments are significantly lower. This gives you more leeway if there are additional unplanned costs. The total cost of a loan is often even lower than that of a mini loan.

If you do not get a loan from the bank, you can alternatively borrow the 1,400 USD from private individuals. Credit portals such as Centi Loan Lender or Across Lender provide loans from private individuals. You present your loan project and every registered user can contribute to the loan amount. As soon as the desired amount has been collected, the loan is paid out.

The personal loan is just as secure as a normal installment loan from a bank, as it is processed by a partner bank of the respective portal. You pay the repayment installments to the bank and do not have to worry yourself that every lender gets his money proportionately. Personal loans are granted anonymously. No financier finds out your personal data and vice versa. Your creditworthiness is classified by the providers, so that even with a bad Credit Bureau score you can have a chance of a 1,400 USD loan.

Who can take out a 1,400 USD loan?

Who can take out a 1,400 USD loan?

Every adult who lives in Germany and has a German bank account can take out a 1,400 USD loan. Another basic requirement is full business acumen. Otherwise, it depends on your credit rating. If you are over-indebted, your monthly liabilities exceed your income, you shouldn’t get a loan anywhere.

Banks usually only grant loans if they have a good credit rating. A negative Credit Bureau entry can already prevent you from being granted a loan. Credit brokerage portals such as Centi Loan Lender or Across Lender check your current financial situation and rate your creditworthiness individually. If you can show a regular income from which you can also pay your desired loan, your chances of getting a loan are not bad, even if you have a negative Credit Bureau entry.

What is a 1,400 USD loan needed for?

What is a 1,400 USD loan needed for?

You should only take out a mini loan of 1,400 USD if you are really sure that you can repay the money plus interest and fees during the short term. This can be the case, for example, if you have invested your money in shares. Suddenly there are unexpected costs and you find yourself in a situation in which you cannot pay the 1,400 USD you need, even though you have enough money. The money is just not freely available, but just invested in shares. You must first sell these in order to be able to spend the money elsewhere.

A sale doesn’t usually take long, so you have a good chance of getting a short delay in paying to pay the money a little later. If that doesn’t work or the shares are on a downward slide at this point, it may be worth taking out a mini loan and hoping that the share price will recover until you have to repay your loan.

An installment loan from a private person or from a bank is often the cheaper option. The installment loan also offers the advantages of lower repayment rates. If a larger purchase is to be paid with the money, financing with installment payments is in many cases also cheaper than a mini loan.

How quickly is a 1,400 USD loan paid out?

How quickly is a 1,400 USD loan paid out?

You will usually receive your 1,400 USD a few days after your loan application has been approved. If you have applied for your loan through a placement platform, the loan is considered approved once enough money has been collected. It can take up to a few business days for the money to reach your account. This is simply due to the normal processing time. If you make a transfer, the money is not always immediately in the recipient’s account. In addition, the partner banks must also have all the necessary documents in good time.

When do you have to repay a 1,400 USD loan?

When do you have to repay a 1,400 USD loan?

You repay your 1,400 USD in monthly installments. Unless otherwise agreed, the first installment is due one month after the loan has been approved. You then pay the agreed installments monthly until the term ends.

As a rule, you also have the option of repaying your loan early. Depending on the lender or bank, fees may apply. Interim special payments are usually free of charge. Fees are sometimes charged for the early repayment of the outstanding balance. However, these are usually quite low, so it would only be a small price you would have to pay for the good feeling of having repaid your loan early.

Categories
Uncategorized

If you are looking for a mini loan provider, fast loan is a good choice.

 

Experience with Fast Loan from Agree Bank

Experience with Fast Loan from Nice Bank

If you are looking for a mini loan provider, Fast Loan is a good choice. The provider, which belongs to Agree Bank, offers small loans between 50 USD and 600 USD for first-time customers. The term is up to 62 days. With the second loan application, you can apply for a sum of 1,500 USD as a short-term loan. A mini loan is ideal for bridging until the next receipt of money. You cannot make big leaps with it.

Loan offer from Fast Loan

  • Short-term credit up to 600 USD for new customers
  • Existing customers can apply for up to 1,500 USD
  • up to 62 days of credit
  • Identification by PostIdent or VideoIdent
  • Requests for credit are free and do not commit to anything.

Overview of Agree Bank conditions

With Fast Loan you get a loan with terms of 30 and 62 days. If you choose the two-rate option with 62 days, this is subject to a fee. After you have paid off the first loan on time, you can apply for another one. The loan amount is then up to 1,500 USD. Such short-term loans only serve as an alternative until the next receipt of money. You should also borrow only the amount that you do not get into trouble with the repayment. If there are any doubts, then leave it.

How does the loan application work with Fast Loan?

How does the loan application work with Fast Loan?

You only need to enter the desired amount and the duration on the page. You will receive an answer within a short time. Identification is done using PostIdent or VideoIdent. Many banks are already using the VideoIdent. This saves customers the way to the post office counter. This not only saves time, but the money is also in the account earlier.

What about the additional services at Agree Bank?

With Fast Loan it is possible to receive the money within 24 hours. You will get a credit decision within 60 seconds whether a loan is even possible. As soon as you visit the bank’s website, a live chat starts. You can clarify any questions directly with an employee. Due to the fact that the bank is based in Malta, you can hope for a loan approval even if the entries in the credit bureau are no longer so good. You do not need to submit salary certificates.

Other additional services include the two-rate option, which is associated with additional fees. You usually pay back the amount within 30 days. Choosing the two-rate option gives you more financial leeway. You then only have to pay the last installment after 62 days.

How does identification work?

How does identification work?

The bank offers the conventional PostIdent, where you can identify yourself with your ID card at the post office counter. The new VideoIdent is less time-consuming. All you have to do is hold your ID card in front of the camera. An employee checks the data and compares your photo. This saves a lot of time, which affects the payment of the loan amount. All you need is a stable and fast internet line, a camera and software for video telephony, such as Skype.

Are there reasons that can lead to a loan rejection?

There are. For example, if there are entries in the credit bureau that are serious, there is no loan from Fast Loan either. These include, for example, affidavits, ongoing seizures, warrants and bankruptcy proceedings.

Conclusion on mini credit from Agree Bank

Conclusion on mini credit from Nice Bank

Fast Loan is one of the few providers of mini loans. In the background is the Agree Bank from Malta. As a first-time customer, there is a loan amount of up to 600 USD. If this loan has been properly repaid, then another loan with a higher loan amount of up to 1,500 USD can be applied for. The term is up to 62 days, whereby the two-rate option is chargeable.

Categories
Uncategorized

If we decide to use the loan on the non-bank market

The consequences of not repaying a loan within the prescribed period are always the same: the lender initiates debt collection activities to motivate the debtor to pay the arrears. One of the tools used for this purpose is prompt.

The prompt is often confused with a pre-trial payment request. The first type of letter is milder and is used at the beginning of recovery proceedings. This also applies to loan arrears. If the initial recovery of payday loans does not bring the expected results, the lender sends an official request for payment. This is already a firm demand to return the loan within a specified period, which includes a warning about the possibility of taking legal steps to obtain a court order for payment.

What are the types of prompts?

bank

Because no regulations specify what the prompt should look like, companies and institutions send it in various forms. The following types of prompts are most often used by lenders:

  • written – in the form of a letter that is sent to the debtor by letter via traditional post,
  • electronic – it is a payment reminder sent to the e-mail address that the borrower provided in the loan application,
  • by phone – involves the telephone contact of a loan company representative with the debtor,
  • SMS – this message contains information on arrears and is sent to the borrower’s telephone number provided in the application form.

Most loan companies use all of the above. forms of prompts, and electronic and SMS are especially popular because they are the fastest and cheapest.

The above types of reminders are also used by other institutions, banks, and companies. So you can also expect a prompt if your phone bill, Internet or electricity bill is late, installments are due, or if you overdraft on your personal account. Somewhat less frequently, reminders are used by debt collection companies, which usually send a payment request immediately.

What are the costs of prompts?

What are the costs of prompts?

Preparation and sending of a payment reminder to the debtor generate certain costs for the creditor. For this reason, many people are afraid that they will be charged a prompt fee, which will increase the amount of commitment.

Many years ago, the costs of such reminders sent by banks and loan companies were very high, reaching even several dozen dollars for one letter. This did not help the debtors in solving the problem of debt, which is why provisions were created that limited the freedom of financial institutions in this regard.

The Consumer Credit Act of 12 May 2011, and above all its amendments, which entered into force in 2016, introduced limits on fees for arrears in loan repayment, including both interest and warning costs. They may not exceed the maximum default interest specified in Art. 481 § 21 of the Civil Code, which is calculated as twice the reference rate of the National Bank of Poland and 5.5%. In 2019, they amount to 14% per annum.

The introduction of the above limits meant that loan companies very rarely use fees for prompts and other debt collection activities. Instead, they only charge default interest. However, there are exceptions to this rule, so before using a payday loan or installment loan, it is worth checking the detailed terms of the contract and the price list of the given lender.

Similarly, bank prompt fees have been reduced or abolished, but there are exceptions here. Some institutions still charge their clients with the costs of sending reminders – e-mails and SMS are the cheapest (usually their cost is a few dollars from the notification), while the most, even several dozen dollars, have to be paid in the case of telephone debt collection, specially ordered by the bank to the company external.

How is the prompt sent?

money

Like the use of selected types of reminders, the deadline for sending them to debtors depends on the institution’s internal procedures. The common rule, however, is that a prompt is sent first, and a payment request only later, when the debtor does not respond to milder forms of admonition.

When it comes to loan companies, most respond very quickly to late repayments and usually use many types of reminders that motivate the borrower to settle the backlog. Sometimes the first reminder is sent the second day after the payment deadline. Very often it looks like this:

  • 1-3 days after the payment date – SMS or e-mail with a short reminder of the commitment,
  • 7-14 days after the payment date – a phone prompt and/or letter sent to the debtor’s address,
  • 14-30 days after the payment date – request for payment, often of a pre-trial nature.

The above scheme is indicative because the debt collection path in each company looks slightly different.

Now you know more or less how to send reminders in loan companies. And after what time does the bank send a prompt? In this case, there is also no rule, because each institution has its own separate procedures. It is quite significant, however, that many banks use only traditional forms of reminders, i.e. they send them by letter to the debtor’s address, and this usually takes 14 days from the time the debt arises.

Prompt – how to write it correctly?

Prompt - how to write it correctly?

Payment reminders are commonly used in business transactions, which is why you can use them, for example, when you are executing orders as a freelancer and you want to ask for payment from your client. Below we suggest how to write a prompt in this case, i.e. what content should be included in it.

First of all, a request for repayment of receivables is best made in the form of an official letter and sent by registered mail to the debtor, leaving a copy with confirmation of posting. Thanks to this, it can be used in further debt collection proceedings, in particular at the judicial stage.

Elements that should be included in the content of the prompt are primarily:

  • full name and address of the creditor (i.e. the person or company who requests payment),
  • debtor’s details,
  • place and date of the letter,
  • wording about arrears along with a request or demand to settle it,
  • arrears (the reminder only indicates the principal amount without accruing interest for the delay),
  • basis of receivables (e.g. invoice, loan agreement),
  • bank account number to which the arrears should be settled,
  • possible deadline for paying off the debt.

And how to write a prompt to the court? The letter, which will appear in the files of the court case conducted to obtain the writ of execution, should be a firm request for payment. In addition to the abovementioned elements, it should inform the debtor about the next steps that will be taken in the event of his continued non-payment.

Categories
Uncategorized

Preliminary agreement – credit, real estate, plots

Preliminary agreement – basic elements Preliminary agreement and mortgage Preliminary agreement for the sale of real estate Preliminary contract for the sale of the plot Preliminary agreement for the purchase of real estate How much is the preliminary contract with a notary public?

What elements should the preliminary contract contain? When is the preliminary contract terminated? What is the cost of preparing a preliminary contract with a notary public?

Preliminary agreement – basic elements

bank

The conclusion of a preliminary contract guarantees the conclusion of a final contract in the future, the signing of which is not possible or convenient at the moment.

The document should contain elements such as the subject of sale and the price of the subject of sale. The preliminary agreement should also find a well-defined deadline by which the parties are obliged to conclude a contract and the right JPIC crib and date of payment of the price in the form of advance payment or deposit. In the absence of any of these elements, the preliminary contract is considered null and void

If within a year of the conclusion of the preliminary contract no date is set for the conclusion of the final contract, in accordance with the Act of April 23, 1964. (Civil Code) neither party has the right to request the conclusion of a final contract.

Preliminary agreement and mortgage

Preliminary agreement and mortgage

Banks want to have full control over what we spend their money on. Therefore, if you want to take out a mortgage for an apartment or house, you need to sign a preliminary contract.

When deciding to buy real estate, we always sign a preliminary contract, which may contain any arrangements between the parties. However, you must remember that the bank does not have to agree to all conditions.

The bank granting the loan may not accept the contractual provisions or impose other solutions, and this may have serious consequences such as loss of deposit.

Remember to consult a specimen preliminary contract with a credit counselor who will check whether the individual provisions and provisions will be accepted by the bank.

A preliminary agreement for the sale of real estate

A preliminary agreement for the sale of real estate

The sale of a house or flat is usually preceded by a preliminary contract. The preliminary contract for the sale of real estate is designed to secure the interests of each party – the seller and buyer. The buyer is certain that the seller will not sell the property to anyone else, and the seller that he will receive compensation if the contract fails.

The preliminary sales contract should contain mandatory information such as details of both parties, including dates of birth, addresses and ID numbers. Regardless of whether it is a preliminary contract for the sale of an apartment or a house, the property must be precisely identified. Information on its location, nature, area, building status, and land and mortgage register number should be posted.

In addition, the preliminary contract for the sale of real estate should include the seller’s statement on the disposal of the real estate and other information regarding the ownership of the real estate, e.g. whether it is encumbered with a mortgage. If it is, a preliminary agreement should be signed for the sale of the apartment with a mortgage, specifying in detail the loan repayment rules.

The preliminary real estate sale and purchase agreement do not have to include the date of the conclusion of the final agreement. If the parties decide to specify it, the deadline should be exact and not specified.

A preliminary contract for the sale of the plot

money

When buying a plot, as in the case of buying a flat or a house, there is no need to sign a preliminary contract. Usually, however, this is a fairly large investment, so you should secure your own interest.

First, check whether the site offering the plot is fully entitled to do so. If the owner of the plot is married, we must additionally find out whether there is a seller’s property separation. Otherwise, both spouses must sign the act. If there are no inaccuracies, a preliminary contract for the sale of the plot can be signed.

A preliminary agreement for the purchase of real estate – what is worth knowing?

We often wonder what the form of the preliminary contract should be. The preliminary contract for the purchase of an apartment, house or plot, as opposed to the final contract of sale, maybe concluded in ordinary written form. The final sales contract must be concluded in the form of a notarial deed.

It is also good to know in what circumstances the preliminary contract is terminated. The preliminary contract shall cease to apply when it is terminated by both parties or one of the parties effectively withdraws from it. You should be aware that the expiry of the final contract does not result in the expiry of the preliminary contract.

How much is the preliminary contract with a notary public?

It will be safest if the preliminary contract for the sale of real estate is prepared by a notary public. Preparation of a preliminary contract by a notary public ensures that there will be no problems between the preliminary contract and the loan. The cost of preparing the preliminary agreement by a notary public is usually 50% of the notary bed would be charged from the contract target.

Categories
Uncategorized

Check what I offer a loan company for entrepreneurs

When is it worth using the Modify offer? Online loans for small and medium-sized companies are a chance to participate in tenders, increase the number of orders or participate in projects financed from EU funds.

The Modify loan company operates in all Baltic countries and its headquarters are in Riga. The loan is granted in the amount from USD 20,000 to USD 400,000, without hidden fees, and its formalities have been kept to a minimum. Thanks to this, you can be sure that the verification process will take place faster than when applying for a loan for companies at the bank.

How do you get a loan from Good Credit?

How do you get a loan from Good Credit?

Are you wondering how the Good Credit loan process takes place? It is very easy! The first thing you need to do is complete a loan application. You will mark the loan amount and repayment period. Using the calculator available on the lender’s website you can immediately check its cost.

You will see in this way whether it is an offer tailored to your capabilities. After receiving the application, you will be asked to send a bank statement. Then, the loan company will check your data in public and private registers.

Based on the collected information, your company’s loan repayment capacity will be assessed. If the decision is positive, you will receive funds to your bank account the next day at the latest.

Opinions about Good Credit are very positive. The company operates fully legally on the Polish market, as well as many neighboring ones, including Lithuania, Latvia, and Estonia

Who can get a loan from Good Credit?

Who can get a loan from Good Credit?

As you already know, the Good Credit loan is only for entrepreneurs . Therefore, it is also a business loan, including a one-person loan. Moreover, this company must be creditworthy , which in practice means that should bring income. Nor can it appear in the register of debtors, because then you can not count on that as its owner, you will receive a loan.

Significant restrictions also apply to the revenue your company should show. The maximum loan amount is set on its amount. If you intend to borrow USD 40,000, the income should be at least USD 130,000 for the last 12 months. What’s more, the seniority of the company is also important, i.e. the period since your company has been operating on the market. The minimum is 6 months .

Good Credit loan costs

The cost of the Good Credit loan depends on the amount you choose and the repayment period you choose. Your company’s income is also important. Based on this type of data, each customer receives an individual offer. Check it on an example.

If you want to borrow USD 5,000 for a period of 12 months, then based on the loan calculator, you can see that your loan’s monthly interest rate will be 3.5% and its total cost is USD 6,133 . The monthly installment, in this case, is USD 416 . The loan is secured by a business owner guarantee

What does customer verification at Good Credit look like?

As already said, the client will be thoroughly checked in public and non-public databases. In practice, this means above all that the loan company will verify that the borrower’s data are, among others, at the Credit Information Bureau.

In addition, customers are required to provide a bank statement. It is based on the company’s recent income that the loan is granted.

Therefore, verification takes place at two levels. There is no chance for you to get a loan if you have no income or are in debt. The loan will also not be granted to a company that has been on the market for less than 6 months.

Loan repayment in Good Credit

The loan in Good Credit is repaid in installments. You can choose their quantity by choosing the repayment period. Importantly, in the case of loans for higher amounts, repayment takes place even twice a month. When filling out the loan application, you will need to set up your own account on the loan platform.

This is great facilitation that will allow customers instant access to all information regarding the loan. It will, therefore, be possible to monitor installment repayments.

Categories
Uncategorized

Financial or bank loan: what is the best option?

The search for loans has grown significantly over time, mainly due to the economic crisis that has been plaguing our country. They are used for various purposes, such as debt settlement.

However, when someone is in need of money for an emergency and it is necessary to take out a personal loan, it is necessary to analyze whether the loan in financial or bank will be more advantageous. Do you know which institution offers better conditions? Do you know the loan modalities on the market?

Thinking about these issues, in this post, we will mention the types of loans and the main doubts on the subject. Follow!

What are the loan terms?

money

Payroll loans

Payroll is a benefit that may or may not be offered by organizations to employees. For this reason, it is more common for large companies to provide this line of credit, smaller companies do not always provide it.

Some banks charge credit assessment fees and registration fees. In addition, they can try to introduce insurance into the loan. For this reason, it is essential to check the CET (Total Effective Cost) of the operation, a rate that adds not only interest but all costs involved in the loan.

In fact, it is very important to research the CET in several institutions, comparing not only the costs between large banks but also in smaller banks, which can enable more advantageous conditions.

Benefits

This is one of the modalities most recommended by specialists, and this is due to the fact that the interest rates are one of the lowest in the market. As banks are more assured that they will get paid on time, they offer lower rates than loans with finance companies, which do not have this security. After all, the debt installments are deducted from the debtor’s payroll.

Disadvantages

Not everyone has access to the line. The payroll is available only to INSS retirees and pensioners and to employees of private organizations that have agreements with banks to offer this option.

The anticipation of the income tax refund

cash

This type of loan fits into the personal credit modality. Their rates are generally lower than those of other credit operations that do not provide amounts to be credited as collateral.

Benefits

Due to the fact that the debt payment is debited from the debtor’s account, as soon as the Income Tax (IR) refund is deposited, the bank guarantee is increased. Since they will receive payment, they offer lower rates: 1.93% per month, corresponding to 25.78% per year.

Disadvantages

If there are inconsistencies in the IR statement, the taxpayer may even fall into the fine mesh. Thus, the refund amount calculated initially may decrease or not even be deposited.

In addition, even if the situation with the tax authorities is regularized, the amount of the refund can be paid only from the year following that of the declaration, in the remaining lots.

In spite of this, the bank will require that the payment be made by December, at the latest, when the last batch of income tax refund is deposited.

Thus, the borrower may not be able to settle the debt. It is important to note that the credit is only available at the bank that the debtor indicated in the declaration to receive a refund.

Personal credit offered by websites

Some sites offer personal credit at lower interest rates than those charged at major banking institutions. These sites partner with small and medium-sized banks to offer resources. Thus, they act as banking correspondents.

Benefits

Due to the fact that these sites do not have maintenance costs with physical agencies, they are usually more stringent in granting credit. In this way, they are able to set up a portfolio more focused on good payers, which reduces risks and makes it possible to offer lower interest rates.

Disadvantages

The disadvantage lies in the more rigorous credit analysis, which may make it impossible for some people to approve. The interested individual must be prepared for bureaucracy. Because they do not know the customer and his payment history, as in large banks, the sites require a lot of information so that they can make sure that the customer will be able to pay the debt.

In addition, in some situations, these sites may charge administration fees. For this reason, it is necessary to analyze the CET of the operation and not only the interest.

Property refinancing

cash

In this type of loan, the owner makes his property available as a form of debt guarantee. Therefore, the line is called property refinancing.

Benefits

As the institution has the guarantee that it will be able to redeem the property if the debt is not paid, interest in this case also decreases. The terms reach up to 20 years, and the amounts borrowed can exceed millions of reais. Interest is lower than payroll-deductible loans, ranging from 19.56% to 26.82% per year. However, there are other costs involved in the operation.

Disadvantages

The disadvantage of this line is its high risk, since, in the event of default, the bank may repossess the debtor’s property. In addition, it is a loan that generates many costs that go beyond interest.

In addition, as a fiduciary alienation operation is carried out, in which the property remains in the name of the bank until the debt is settled, it is necessary to register the operation in a notary’s office, as well as in financing.

Refinancing can be recommended for those who cannot apply for the payroll loan but need a solution with higher amounts and terms than those of other modalities.

Categories
Uncategorized

Fast money: borrow and pay out today with the use of small loan

Borrowing through the internet and getting the same day has become very easy.

The car is on strike, a repair is priceless from the existing budget. The washing machine or the vacuum cleaner give up the ghost and now you are faced with the question of where you should quickly get the money for the new purchase. The landlord requests an additional payment for the operating costs and you do not have long to meet the deadline and have to pay quickly.

These are a few of the many reasons for a loan that you can get today and that is easy and straightforward to grant. Short-term money worries are often rejected at the house bank or savings bank. It is best to orient yourself directly on the Internet and find a small loan that you can apply for today and still get paid today.

Editor’s tip: If the loan amount is at least USD 500, online credit brokers such as Cream Bank.de are more worthwhile than small loans. You have to pay back the money in smaller installments and from 12 monthly installments – with small loans, the money must be paid back within 30 days, otherwise there are expensive late fees! Cream Bank also pays small loans within 24 hours for Credit Bureau entries!

Get money today thanks to instant loans

Get money today thanks to instant loans

As can be seen from the terminology, the money is immediately transferred to the instant loan and, thanks to Sofortüberweisung, credited on the same day.

Various providers, for example Best Bank or Nice Bank, offer you the option of transferring the loan amount immediately. The terms and conditions vary, both depend on your credit rating (see also mini credit without Credit Bureau), but also on the amount requested. If you opt for an instant loan without proof of income and without a credit check, the amounts are usually lower and the interest rates higher.

Nevertheless, you can secure the advantage of compensating for temporary financial bottlenecks and receiving the immediate payment of a loan amount very easily. A comparison is advisable and precludes you from making a hasty decision and ultimately using an offer that is too expensive or not very flexible. Even if you need the money immediately, you should take the time to make comparisons and carefully examine the conditions in the loan agreement.

Fast money on the same day is often expensive

Fast money on the same day is often expensive

Have you missed a payment deadline and still need to get money today to protect yourself from a payment order or other consequences? Then you should take a closer look at the option instant loan and use a possibility to cover the short-term money requirement. The offers are varied and contain information on the payment period within one hour, on the same day or within 24 hours.

It is usually not clear at first glance whether the immediate payment is offered free of charge or as an additional service at an additional cost. You should therefore check your favorite loan offer comprehensively and find out whether the immediate payment incurs additional costs.

A real instant loan can be applied for in a few minutes and is characterized by the fact that the term “immediately” is not only used as an advertising medium, but actually implemented. In order to offer a possible disposition on the same day, an immediate loan must usually be applied for and approved by a certain time (usually 2 or 3 p.m.).

How does an instant loan work?

How does an instant loan work?

The digital age has also revolutionized the financial market. While a classic transfer takes several days and can take up to a week depending on the processing time of the bank, the instant loan really works. With a click of the mouse, the money is transferred from the lender’s account to your account and immediately released by the account-holding bank.

Other options for instant loans are based on opening an account directly with the lender. However, this method is rarely used because there are various options in the classic bank transfer business for an immediate crediting of the amount to your account. Some lenders have the fast service paid for, while the offer for a real instant loan comes at no extra cost for immediate credit. This speed is technically possible due to the digital transmission, for which no bureaucratic paperwork has to be done. The post office is no longer interposed either, because verification of the applicant via VideoIdent is included in the instant loan.

Where can you still get money today?

The lenders Best Bank and Nice Bank and Cashper are the ideal contractual partners. These providers not only advertise with an immediate credit, but also provide the service advertised in marketing.

The best way to get the money today is to make the application in the morning, but importantly before 2 p.m.

Even if the lender sends you prompt credit, you still need to keep your bank’s business and booking hours in mind. Some banks allow online credit outside of business hours. As a rule, however, you can only freely dispose of the credit once it has been booked by the account-managing institution. The situation is different if you use an online account and accordingly send and receive money regardless of booking times.

Editor’s tip: If the loan amount is at least USD 500, online credit brokers such as Cream Bank.de are more worthwhile than small loans. You have to pay back the money in smaller installments and from 12 monthly installments – with small loans, the money must be paid back within 30 days, otherwise there are expensive late fees! Cream Bank also pays small loans within 24 hours for Credit Bureau entries!

Prerequisites for quick money

If you want to get a quick loan, you must make sure that you meet the credit requirements when applying.

  1. Your age of majority,
  2. a permanent home address
  3. and a valid ID

are the basics. With the copy of your ID you verify yourself via VideoIdent. The lender needs a valid German bank account to pay the loan. Alternatively, he can also request that you open a current account with him and only get the money credited there. So it is worth comparing the conditions of the lenders and examining them carefully. There are also differences as to whether the creditworthiness is checked or not and whether proof of your income is required or not required.

Make sure you have a serious loan, for which you do not have to pay in advance or have to perform a service or provide data beyond the usual requirements.

How much money can I get right away?

How much money can I get right away?

Instant loans are available in very different combinations, so they are also available for different amounts. Mini and installment loans, consumer and consumer loans or debt rescheduling can be applied for with immediate payment. Based on the versatile loan models, the possible sums are between 50, – USD and over 100,000 USD. The short-term most popular sums, however, should be in the low three-digit range (e.g. 100 USD small loans). You can apply for a small loan with the availability of the money in your account relatively easily. If you need a sum of 50,000 USD and more, immediate payment is also possible, but linked to higher requirements. In the case of large loans with credit without waiting, your credit rating is an important indicator of the approval and the amount of interest. Offers with a low credit rating are immediately available, but their total costs are more expensive than the same loan with positive Credit Bureau.You can get any amount on the day of the application, as long as your performance meets the requirements of the lender and allows approval.

How much is an instant loan?

How much is an instant loan?

Here the devil is in the details and there is no answer that applies to all lenders. If you would like to have the money in your account today, some donors offer this service at no additional cost. The period of “ immediately ” is between a few minutes and 24 hours. With a classic mini or installment loan without immediate transfer, you have the option of booking the service as a special service. This creates costs that make a new comparison with alternative offers necessary. A loan with a higher interest rate, but immediately transferred without additional costs, is often noticeably cheaper than a loan that comes with low interest and additional costs for immediate instruction. If you would like to use this service free of charge and as part of the loan, only providers who offer the instant loan and do not consider the quick disposal as an additional service are eligible. You can find information on this in the payment instructions and in the lender’s fee tables.

What can I use the money for?

What can I use the money for?

In general, a distinction is made between earmarked and disposable loans. Here, loans with immediate instruction do not differ from classic loans offered with a longer payment period. You can opt for an urgent loan to buy a car or to reschedule debt, for renovation and refurbishment work, to buy property or as a small loan. If you want free access to the money in the account, it is best to use an offer without a purpose.

For all other loans, you can only spend the amount on the expenditure agreed with the lender, which can prove to be a disadvantage in individual cases. Since the need for a loan that arrives in the account immediately results in most cases from a purpose, a comparison of the earmarked with the freely available offers can be a way to save interest. Dedicated loans are cheaper than free money.

Categories
Uncategorized

Renegotiate debt: ask questions about it!

Being in debt is a situation that nobody wants. After all, the tranquility of knowing that your finances are up to date and that your income is just for you is one of the best feelings.

However, it is not always possible to avoid charges. And, in certain cases, there are so many that there is only one alternative left: renegotiation.

If you have this financial dilemma, get ready! We have separated everything you need to know about renegotiating debt. Look:

How to renegotiate debt?

cash

The situation of those who resort to renegotiation is always very worrying. Generally, it has reached a point where it is no longer possible to maintain the plots and is in so much debt that everything has turned into a snowball.

Making a deal to pay off debt, at first, seems like a complicated idea, but for the consumer, it is a good strategy. According to the SPC, discounts for those who choose this route reach 22%. If the debtor pays in cash, it maybe 69%.

The 1st step

First of all, the consumer needs to know how much income he has and how big the debt is, that is, to calculate the amount with interest and fees that are part of the expense. Regarding interest, knowing their value separately helps when renegotiating.

With all the information in hand, it is time to go after the lender. If you do not know who is in charge at the institution, the debtor needs to speak to the call center.

Upon finding it, the consumer must explain his intention to resolve the issue and tell his current situation, that is, that he is having trouble paying them and wants to know what are the alternatives that exist for his case.

It is very important, to be honest about the amount you can make available to the installments and only accept a proposal that you can honor.

As banks usually give high values ​​in the first claim, just dividing them into long-term installments, the consumer believes that he will pay less. Before giving the final word, it is interesting to analyze calmly if the proposal offered is really beneficial.

Next, we will explain about the rights you have when renegotiating your debt:

What are the rights of those who renegotiate debt?

cash

In fact, there is no specific legislation for renegotiations. With this, some financial institutions end up adopting a more abusive attitude. Even so, the consumer does not need to accept the 1st proposal that is offered.

He has the right to go to court to redo the contract if he realizes that, during the payment, the charges are unfounded. Even banks cannot force you to accept certain criteria without taking into account your condition to pay the debt.

In addition, the renegotiation can be considered as a new debt and, thus, a new contract. Therefore, it is possible to reformulate what are the obligations and rights of both sides.

For this reason, it is important to record everything in the document and define the requirements well. This contract will be very useful in the event of irregularities and if it is necessary to take the case to justice.

We also recommend asking Good Finance for help in case of difficulties. The agency has a nucleus only for over-indebted people. However, it only works for those who fit the profile and are in default.

The others must afford, from their own pocket, a lawyer to mediate the renegotiation.

What not to do when renegotiating?

money

As successful as the renegotiation is, it is still possible for the consumer to take some wrong measures. In this topic, we have separated some errors that should be avoided at this point. Understand:

Do not re-budget

The budget analysis needs to be done before contacting the lender. Here is the moment when the consumer will know what his real financial condition is and when he will define what will be cut in order not to acquire new debts.

He must put his net income for the month on paper, subtracting taxes, benefits, and fixed and superfluous expenses. The final balance is the amount he will be able to pay monthly for the debt.

This diagnosis will be essential, even to dictate the circumstances for the renegotiation.