Pawnshop loans – what are they about?

Good Finance is an institution that can be an alternative to loan companies. You can receive additional cash against valuable things. That’s not all, as pawnshops also sell utility items that can be purchased at a lower price than the market price. What are Good Finance loans and are they worth using?

Pawnshop loans – what is this?

Pawnshop loans - what is this?

By using Good Finance loans, you can count on minimal formalities and immediate cash withdrawals. This form of financing has a short repayment term, which is usually 7.14 or 30 days. The money is given as collateral, which means that in order to receive it, you must exchange a valuable item with the pawnbroker.

On this basis, the maximum loan amount, as well as interest, commission and additional costs, are determined. All these issues are governed by the regulations of a given pawnshop, therefore the rates, repayment period and items taken against collateral may be different in each institution.

Rules for a Good Finance loan

The whole loan process is very simple and does not require any complicated formalities from the borrower. When submitting an item against the pledge, it is valued and the maximum loan amount is determined on this basis. The borrower signs a contract with the pawnshop, in which he undertakes to repay within a specified period. After its expiry, the pawnshop has the right to sell the exhibited item, if it was not bought by the debtor.

How much can you get?

How much can you get?

It all depends on the pawnbroker policy and the value of the pledged item. Typically, pawnshops offer a maximum of 30% of the item’s valued value. This is collateral in case the borrower defaults, so the pawnshop can sell the pledge for profit. The basic amount should also add interest, which may be a maximum of 10%.

It is worth remembering that if the repayment date is approaching and the situation does not allow for paying the debt, you can apply for a loan extension. However, you have to reckon with additional interest accrued to the basic amount.

What can you pawn at the pawnshop?

Practically any valuable item can be pawned at the pawnshop. These include:

  • jewelry,
  • home appliances and electronics
  • electronics,
  • securities,
  • works of art,
  • sports equipment.

Some pawnshops also offer car loans. Then the appraiser deals with his valuation. In addition, they also often buy gold, but in this case, the rates may be less favorable than at the jewelers.

Unsecured loans

Pawnshops require collateral in the form of a valuable item in the event of default. You can apply for a loan without a pledge from non-bank companies where you can also get money quickly. This is a much more beneficial solution because you can apply for much higher amounts spread over a longer repayment period.

Apply for a loan without credit bureau? You need to know & that’s how it works

About the Full credit loan

About the Full credit loan

Full credit is a credit broker through which you can get a loan from one of the company’s many partner banks . Possible loan amounts are between 1,500 and 250,000 USD, with terms of 12 to 120 months. Depending on your credit rating, you will receive an effective annual interest rate of 3.99% – 15.95%.

On the subject of creditworthiness: In addition, Full credit provides loans despite credit bureau with amounts of up to 7,500 USD. The conditions for this differ again from those for an ordinary installment loan.

Requirements for an installment loan with Full credit

Requirements for an installment loan with Full credit

You can get an installment loan from Full credit if you can meet the following requirements:

  • Minimum age of 18 years
  • Permanent residence in Germany
  • Regular income from employment or pension benefits

In order for a installment loan from Full credit to be arranged, you need a minimum income of USD 850 per month. For lower income, you can only apply for a loan using a guarantor. With a loan without credit bureau entry, the monthly income must be at least 1,150 USD. In both cases, Full credit will check your credit bureau file. Only with the credit bureau-free loan variant there is no entry after processing.

Apply for a loan at Full credit

Apply for a loan at Full credit

A credit request can be submitted online to Full credit by filling out the form provided. After you have done this, Full credit will send you the loan application by email and post. As soon as this has been returned, your documents will be checked and the company will contact you after the processing time.

In addition to the loan application, you must also submit a copy of your last pay slip or a pension notification. This can also be done online, but the loan application can only be sent by post. To do this, you must use the Postident procedure.

Inquire about Full credit credit now

Full credit repayment & repayment

The repayment is made in fixed monthly installments. Repayment begins four weeks after you receive the money, either on the 1st or 15th of a month.

Special repayments, which can extend to the entire remaining debt, are possible at any time. There are no additional costs.

Full credit protection

Full credit protection

Full credit often offers additional chargeable services in the context of loan agreements. In addition to residual debt insurance, this can also be accident insurance or a building society contract.

When you get a contract for such a service along with the loan application, you should read the fine print carefull credity. Such offers must not be considered a condition for the receipt of the loan. Therefore, check your personal insurance situation in advance and then decide whether you really need such an additional benefit.

    •  

Cash Loan arise when taking out a loan could hardly be more diverse

The loan with an instant approval

The loan with an instant approval

The possibilities that arise when taking out a loan could hardly be more diverse. While there are loans that have a slightly longer way to go before signing the loan agreement, there is also the loan with an instant approval. As a borrower, you have the opportunity to react quickly and easily to upcoming tasks.

The most important things summarized for the cash loan

  • There are no reputable providers of cash advances where you can get the money directly on hand
  • Mini loans & small loans can be paid directly into your account and are available within 24 hours
  • Loans with fast payouts are available with and without Credit bureau query
  • Let go of any loans that are paid out in cash.
  • Loans are always transferred to the account first. If you want to have the cash in cash, you should withdraw it at the bank counter or ATM.

The term cash advance has become rather rare these days. The loans are usually transferred to the account. Anyone who has applied for a loan from the house bank can directly dispose of the cash in cash if it is withdrawn directly from the account. There are online banks that also pay a loan amount in cash through the postman if, for example, the spouse should not know about it. This was very often done with the former “Swiss loan”. In the meantime, this practice has become rather rare. In the modern financial world, the cash loan is rather referred to as an instant loan.

Cash loan immediately as a small loan

Cash loan immediately as a small loan

A cash loan is usually about small amounts of money. Rather, it is more important to borrowers that the cash advance is paid out immediately. Different ways are available to quickly compensate for a financial bottleneck. If available, the disposition is initially the first choice. If you have such a disposition and the budget has not yet been reached, this overdraft facility could be the salvation.

Without consulting the bank, you can freely dispose of the small loan immediately by simply opening your account. This means that the balance is in the red and that high interest rates are due. The good thing is that there is no Credit bureau test when using it. If the entries in the Credit bureau have changed since the account was opened and the overdraft was granted, the bank does not initially know. This will only be noticed if you “overshoot” the limit or if the overdrawn checking account becomes a permanent condition. Although using the disposable can be expensive, it gives you benefits. You are not required to calculate monthly installments for repayment. It is up to you how much money you want to keep in the account for repayment. If you don’t have any money left, that’s no problem. With a cash loan immediately into the account as an installment loan, you will have difficulties if the installments do not reach the bank on time each month.

What are the options for getting a cash loan into your account immediately?

First of all, you should know that a cash advance is not earmarked. There are only two loans that are tied to a specific purpose. It is vehicle financing and a real estate loan. In all other cases, you can use the money for whatever you want. It is interesting if the offer of a bank or a financial service provider provides for a break in installments. If the money is not so loose, you can suspend the rate once a year after consulting the lender, giving you more financial leeway. This can be important, for example, if the car insurance is debited or the tax office requests the tax prepayment.

A cash loan even without Credit bureau?

A cash <a href=loan even without Credit bureau?” width=”640″ height=”426″ />

A cash loan is gladly applied to the account immediately, even without Credit bureau. Basically, the credit check is always carried out in Germany. It can be less expensive with a low loan amount, but generally it is not waived. From a loan amount of 3,500 USD, it is possible to apply for one abroad. There are special providers like Best bank, Nice bank and others. It might be better to say credit in spite of Credit bureau, because a loan approval can actually also be possible with a negative Credit bureau. The private marketplace for loans also offers adequate freedom. People with a negative Credit bureau can at least hope for a loan if enough donors are ready for a loan.

You should be careful before dubious offers. If advance payment is required for flimsy fees or if the loan is dependent on taking out insurance, then do so. You only get rid of money here, you don’t get a loan.

Small and mini loans with instant disbursement

Small and mini loans with instant disbursement

A small loan is often too expensive for the banks, which is why you don’t even offer a loan for a certain amount. Some providers have recognized this and have immediately added a cash credit to their account in their program. In fact, providers manage to transfer the money to the borrower’s account within 24 hours. One can even do it in 30 minutes.

Summary

A cash loan immediately into the account is relatively rare. If you want to have the money immediately, you either have to use the overdraft facility, contact the house bank or use the offers of the providers on the Internet. New techniques mean that the loan amount can be posted to the account within 24 hours. Vexcash even offers a withdrawal in 30 minutes. The lower the loan amount, the less extensive the credit check is. The cash credit immediately into the account is not tied to a purpose. An urgently needed repair can be paid with it, as can the bargain in stores that you simply cannot ignore. The new VideoIdent procedure enables you to identify yourself more quickly than at the post office counter with the PostIdent. The Internet makes it possible if you have a webcam. Loans from abroad that are Credit bureau-free can actually be paid out as a cash advance immediately via the postman. You can get this from agents who specialize in it.

Loans with a guarantor – is it worth it?

Getting a high loan is not easy, because the bank scrupulously verifies the creditworthiness of its customers. Some people may have difficulty even getting a non-bank loan if their financial standing is not sufficient. In this case, the solution can be a loan with a guarantor. What is it about and is it worth deciding on such an offer?

Non-bank companies offer their clients various financial products, and one of them is a loan with a giraffe. It provides a form of security in the event that the borrower ceases to meet the repayment schedule.

Usually, such loans are offered to high-risk clients whose unstable financial situation cannot guarantee repayment. If the loan is no longer repaid, this obligation passes to the guarantor and he becomes the debtor towards the non-bank company.

How do you get a loan with a guarantor?

How do you get a loan with a guarantor?

The loan procedure is almost identical to standard loans. Everything is limited to submitting the relevant online application and completing the form. The differences, however, result from the fact that the lender is more interested in the financial situation of the guarantor.

The customer applying for a loan will be required to submit a declaration of income not only his but also the guarantors.

In addition, the company may require the grant to document his earnings, good creditworthiness and favorable history in Credit Checker. In contrast to the mortgage, loans are granted without real estate, which is why the ownership or absence of a flat is not taken into account when assessing the capacity.

Payment of a loan with a guarantor

Payment of a loan with a guarantor

An important issue is that the funds received are transferred to the account of the guarantor, not the borrower. This is to protect against possible fraud and provides additional security for the transaction. Loans with a guarantor are often granted to indebted persons, the unemployed and a bank account seized by a bailiff. Therefore, paying out to a giraffes account is often the only solution for the borrower to receive money.

A loan with a guarantor – is it worth it?

For people in financial difficulties, a loan with a resident is sometimes the only way to get extra money. The advantages of such a solution are that you can apply for larger amounts, even without creditworthiness. An additional benefit is that thanks to the loan you can start building your credit history.

Although financial products have been granted for 18 years, young people are not very reliable customers. By taking out a loan with a guarantor and paying it back regularly, you have the chance to increase your Credit Checker scoring and improve your credit history. This will make it easier for you to access other financial products in the future.

Small loan for the self-employed – borrow money as a self-employed

Mini credit for the self-employed – new operators compete with banks

Mini credit for the self-employed - new operators compete with banks

A group of borrowers who are often faced with problems when applying for a loan are entrepreneurs and sole proprietors. The self-employed and freelancers of tomorrow in particular are classified by banks as a risk. They now have it easier than before. However, the selection of small loans for the self-employed and founders is still not extensive today. At least when it comes to a bank’s classic installment loans of USD 5,000 or more. small loans for the self-employed are also rarely available. But they do exist thanks to the various online portals. Comparable financing models from banks such as Nice Bank are also emerging, which was hardly conceivable a few years ago.

Some banks today also approve small loans for the self-employed

Various banks such as Best bank and Cream bank have also joined the ranks of mini credit providers. You and platforms like nice bank sometimes set the lower limits for lending in the lower four-digit range, so that the selection for borrowers is finally increasing. Banks understand that it doesn’t always have to be big loans to make money. The insight could be: A mini-credit for self-employed only has to be granted often enough to generate a generally sizeable turnover. And there are increasing opportunities in the digitalized world to “start a business” even with little money.

Founders often get by with little capital

Founders often get by with little capital

As a result, many borrowers do not have to rely on large amounts of funding to expand or start a business. The group of those who venture into professional independence with a manageable need for capital is growing accordingly. Interestingly, the requirements for a small loan for the self-employed in the banking industry generally differ quite clearly from the conditions that pure online providers place on customers. This is primarily due to the fact that small loans now tend to cover smaller sums than the typical installment loans mentioned, for which business plans are often even among the documents to be submitted. The independent service providers, on the other hand, approve financing that mostly falls far short of the conditions of normal bank loans.

Of course, this also concerns the two most important points of borrowing:

  • the terms
  • the loan amounts

A mini-loan for self-employed people, as it is now available on the market from various German and foreign operators, usually ranges from only 50 USD to a maximum of 3,000 USD. However, sums over 1,000 USD are rarely available. The service provider Best bank already has a certain exceptional position here. Very small amounts from USD 100 as well as higher amounts up to USD 3,000 can be requested on the website. The platform is aimed at several customer groups. For example, borrowers who really only need open bills for electricity and gas or a current otherwise due loan installment. Or self-employed people who need new equipment or furnishings for the office.

Repayment often done within weeks

Repayment often done within weeks

With regard to the small loan terms, there are some offers that deserve the name short term loans. In some cases, microfinance is fully repaid after just two or four weeks. Other platforms work like banks with monthly small loan credit installments, but the complete repayment almost always takes place after 12 months at the latest. Ferratum only has two terms. The full repayment is made either after 30 days or after 62 days. In addition, interested self-employed people can access the website from a quick loan starting at 50 USD. Many people don’t understand that someone gets such small sums of money through a loan.

But the truth is: if the overdraft facility can no longer be exhausted and several customers do not pay their bills in good time, even small amounts of outstanding debt can pose an existential risk for freelancers and the self-employed. At the latest when due to poor payment behavior on the customer side, receivables remain open at the end of the month. General statements that loans only make sense from a height of XY should not be made prematurely.

Do I only have to issue the loan funds commercially?

It is entirely up to you what exactly you pay for or purchase with the small loan for the self-employed. Since the self-employed small loans are normally granted without a purpose limitation, borrowers have a free hand when investing. Of course, borrowers should in principle make sure that providers of the financing do not specify a binding purpose. The waiver of the exact specification for use also allows customers to request a little more money as an “ iron reserve ” if necessary. So you do not have to apply for a loan right away if a small gap needs to be filled again promptly. If you ultimately decide on a small loan from a service provider from abroad, you should compare and ensure particularly carefully so that you can really dispose of the loan freely – on business and privately. The term “private” is another good keyword in connection with a self-employed small loan.

small loan from private for self-employed particularly cheap?

Mini loan from private for self-employed particularly cheap?

Only you can answer the question of whether the “mini-credit from private” option is suitable for you. In any case, it is true that a mini-loan for the self-employed will be particularly cheap, often even free, with this approach. Because those who can borrow from relatives or friends will in most cases not have to pay anything for the temporary financial help. The situation is different, of course, for lending via brokerage portals such as nice bank, where borrowers also get their money from private donors. Of course, the investors on the platforms want to earn something from lending money. A small loan from your personal environment will most likely also have to be repaid, only that with a little luck you won’t have to pay any interest and thanks to the relationship of trust, agreements on small loan monthly installments can be dispensed with.

Experts also advise on drawing up contracts for personal loans

If a small loan is granted to self-employed persons in double or small three-digit amounts, donors and borrowers do not need a contract. But, beware: Credit professionals warn against not drawing up a contract. The mini-loan agreements should be set out in the contract at the latest for sums of USD 500 and up. Otherwise, the responsible tax office could later use the bank account for obvious transactions, which could have tax consequences for both loan parties. If cash changes hands, this will probably have no consequences. However, it is always advisable to draw up a financing contract if you pay interest on your self-employed loan from your personal environment and both sides want to play it safe.

Tip: You can find further information on the subject of loans for the self-employed on our portal berufekredit.de

Important details about the mini credit for the self-employed

We have already got to know two of the important conditions in the form of the mini-loan terms and the loan amounts. Furthermore, the monthly small loan monthly installments and thus also the loan interest are central criteria in order to be able to compare different loan models at all.

Let’s summarize all the details again here:

  • the desired net loan amount
  • the loan term
  • the monthly loan rate
  • the effective annual interest rate
  • the committed annual borrowing rate
  • the total cost of the small loan
  • the payment method and duration

This information provides an objective overview of the costs that you ultimately have to estimate for your small loan for the self-employed. An example: The fixed borrowing rate per year is not very meaningful, which is why banks and financial service providers in Germany are required by law to state the annual effective interest rate. It already includes all costs associated with the financing. Offers are dubious in which applicants are charged for the mini-credit exam. Until a few years ago, processing fees were also common practice on the German market. This is no longer permitted today.

Especially with the so-called “Swiss loans” from abroad, fees for checking the creditworthiness and the non-binding application still threaten. These models owe their name to their frequent origin from the Alpine Republic of Switzerland. It is best to distance yourself from such offers right at the beginning of the small loan comparison. The German market offers enough opportunities to get a small loan for the self-employed. There is no need for a loan that incurs upfront costs.

What role does creditworthiness play in the self-employed small loan?

The creditworthiness – also called creditworthiness – will very likely also play a role in your mini credit for self-employed persons. However, there are different approaches. If there are providers from Germany, they are obliged to contact Credit bureau. The service providers and banks check whether applicants are preloaded. For small loans and short-term loans, however, financing is often granted even if the personal creditworthiness value is not perfect. For example, credit ratings that have been paid too late or past bills have no influence on the rating. Even high credit charges in the registers of credit agencies such as Credit bureau have a negative impact on the rating.

In the case of a small loan, providers often turn a blind eye to satisfactory or sufficient results. With regard to creditworthiness, there is another special feature of mini credit for the self-employed. They are often awarded Credit bureau-neutral. This means that the financing itself has no impact on the creditworthiness and does not end up as an additional entry with Credit bureau and Co. This goodwill can, but does not have to, affect the interest on small loan offers.

What is the interest rate for small loans on the market?

The platforms in this industry often work with fixed interest rates, so that all borrowers are guaranteed the same conditions. Due to the low financing amounts, the funders are generally very likely to advertise. This makes the entire procedure relaxed and uncomplicated for business customers of the portals who may need money very urgently. The instant review helps applicants to see if they may have to look for alternatives from the competition. If loans are granted at interest rates dependent on creditworthiness, the interest rate may vary depending on the result of the query. In some cases, interest rates for small loan models are in the range of normal installment loans. Other platforms calculate interest rates that can be compared to normal overdrafts, for example. Still other products are on the order of a credit card. If the need is great, some customers also pay more than 12 or 13 percent a year. But it is cheaper if there is enough time to search for a loan.

With a small loan calculator, you can determine in a few steps which loan product is suitable for your needs and which small loan costs will accrue until the end of the term. Any incidental costs for the subsequent postal delivery of invoices and similar services should be excluded. They use borrowers little, but in relation to the cost of a loan with a term of a few weeks or months.

How quickly does the small loan land on the account?

How quickly does the mini loan land on the account?

“Quick credit decision”, “instant credit” and “Blitzüberweisung” are three popular advertising terms that are used around many small loans for the self-employed. The fact that the Credit bureau exam is carried out digitally means that applications can be quickly evaluated. Some operators also lure customers with an express option, which should allow a transfer to a business account within an hour. Applicants should know that the house bank is also in demand here. In any case, immediate transfers succeed quickly. However, whether the funds actually end up in the account on the same day also depends on the banks involved. It can take a little longer, especially on weekends. Especially since borrowers with mini-loans for self-employed persons above a certain amount still have to provide proof of income. The loan contract must also be signed by the loan provider. This can largely be done online today.

The provider XpressService promises a quick payment within a few hours. A number of competitors speak of similar periods for the transfer after a successful check. Digital processing has another advantage, as we see below. The payment method continues to influence the small loan payment. On request, some platforms pay out loans not only by bank transfer. Payments in cash via partners from the banking world or credit notes via payment services such as PayPal are also gaining in importance. These online services often promise a particularly quick payout.

The identity check before the small loans are paid out

The identity check before the mini loans are paid out

Proof of your own identity is mandatory – with every loan. And thus also with a small loan for the self-employed, freelancers and companies. As before, the small loan can be legitimized using the PostIdent procedure at a branch of the Post Office with a coupon to be printed out by the provider and the ID document. However, borrowers can increasingly go through this step without having to leave home. Identification can be carried out online using the camera of the smartphone or tablet PC or the webcam on the stationary computer. The support of the platforms will be contacted. The employees then guide new customers through the process in which the ID card, a valid passport or another identification document plays a role.

Possible extras for mini financing for the self-employed

Possible extras for mini financing for the self-employed

Sometimes there are situations in which an existing loan has been repaid for some time but suddenly more money is needed. Before applying for another loan elsewhere, entrepreneurs should contact the current lender’s customer service. Even if increases in the meantime are not to be found in all product descriptions, it is usually practicable for the self-employed to increase the remaining debt to the starting sum for the small loan. If the repayment went smoothly until the application for a top-up, an increase beyond the original loan amounts can often be granted. In case of financial problems, a deferral can also be arranged after consulting customer service. In the case of deferrals and increases, the small loan terms and the monthly installments may change later.

If the operator of the platform has meanwhile corrected loan interest for mini-loan offers, there will often be an interest recalculation in the form of a mixed calculation based on the previous and the new interest rate. If you apply at the right moment, the total loan costs may even decrease.

Our conclusion on small loans for self-employed customers:

There is a mini credit for the self-employed in many places on the Internet. The more precisely the platforms and banks state the conditions, the better you can compare. What is my loan repayment amount for which loan? Where do I have to expect a new Credit bureau entry and where can I get a small loan even with existing entries from credit agencies? These and other questions are answered automatically by the objective comparison of small loans for the self-employed.

Query Credit bureau Score – how it works and how it is calculated

If you deal with loans, you will inevitably be confronted with the topic of Credit bureau at some point. For many, however, it may not be so clear what the Credit bureau Score is all about. But it is an advantage to deal with this matter. We want to answer the most important questions about Credit bureau in this article.

What is the Credit bureau?

What is the Credit bureau?

Credit bureau Holding AG is the largest and most well-known credit reporting agency in Germany. Credit bureau’s task is to provide its contractual partners with information on the creditworthiness of third parties. The contractual partners are, for example, banks that grant loans. With third parties you are meant as a consumer. Credit bureau therefore tells a bank how creditworthy you are. Credit bureau needs and collects the relevant data for this. It also receives this from the contractual partners. In addition to banks, these can also be trading companies or telecommunications providers. For example, if you buy a washing machine in installments or conclude a new cell phone contract, this data will be passed on to Credit bureau and saved together with your contact details.

How is your credit rating measured?

How is your credit rating measured?

First of all: The exact formula for calculating the Credit bureau score is not available to the general public. Credit bureau itself advertises its score procedure as transparent. However, the details are not visible. Only the responsible supervisory authority and the data protection officers of the federal and state governments know the exact formula. This always leads to criticism from consumer protection.

In any case, it depends on the data available. It can even be advantageous for you that data about you have already been deposited with Credit bureau when you apply for a loan. In rare cases, regional or geodata is used if the Credit bureau has no other information about a person. Your credit rating is then determined based on your neighborhood, which can be good or bad. But that is very rarely the case.

Normally, the Credit bureau score is determined based on the business you have already done. Mobile phone contracts, installment payments or loans taken out as well as current accounts are among the things that play a role. Based on this information and how reliably you have met the individual claims, it is calculated how likely it is that you can pay future due dates on time. If you have always paid everything back in a timely manner and the loans you have taken out are proportionate to your income, your Credit bureau score is in a positive range.

How does the Credit bureau score deteriorate?

How does the Credit bureau score deteriorate?

If you do not meet the demands of your business deals, this will have a negative impact on your Credit bureau entry. If, for example, you are in arrears with the installments for a loan, this will be noted in the Credit bureau. But by repaying the liability, the corresponding entry is corrected. However, please note that in such cases only the addition “Completed” is added. The negative note is still visible. A credit despite a negative Credit bureau is possible, but it is offered to you on much worse terms. Generally, individual data in the Credit bureau that are considered to be completed are deleted after three years. Thus, such smaller delays have no long-term impact on your Credit bureau score.

The following factors have a really serious impact on your Credit bureau score:

  • Personal bankruptcy
  • An affidavit
  • Seizure of account or wages
  • A warrant

Such influences are the result of missed payment claims. While some lenders turn a blind eye to the first-mentioned negative entries, for example providers of mini-loans, the latter generally lead to a rejection.

Find out about your Credit bureau score

Once a year you can request information about your Credit bureau entry free of charge. If you are not sure about the status of your Credit bureau, it does no harm to use this service. Sometimes it can happen that a settled obligation does not automatically disappear. In such cases, you can request a correction of the information and have your Credit bureau entry deleted. This can make it much easier to apply for new loans or other businesses that affect Credit bureau in the future.

Your repurchase of mortgage loans and consumption

The repurchase of real estate and consumption loans is an effective solution to find a real purchasing power. It is possible to include your home loan with a purchase of consumer loans. Here’s what you need to know if you want to combine your real estate and home loans!

The repurchase of loans: real estate or consumption?

The repurchase of loans: real estate or consumption?

Each situation corresponds to a type of repurchase or grouping of credits. This financial transaction is potentially aimed at all borrowers. Here are 3 examples of situations and the different buy-back solutions associated with them:

  • Do you want to save on your property loan? To meet this need, we are talking about buying mortgage. It is a question of having your loan redeemed by another bank offering you better borrowing conditions. This operation is particularly interesting if your situation or the rates have changed since the signing of your loan.
  • Free request and without obligation.
  • Do you want to reduce the monthly amount of your consumer credits? You guessed it: this is a buyout of consumer loans. The financial institution that buys back your loans combines them into a single credit. Your monthly payments are reduced up to – 60% and you only make one reimbursement per month.
  • Free request and without obligation.
  • Do you want to reduce the amount of all your monthly loan payments? It is in this situation that the repurchase of mortgage loans AND consumption is the appropriate solution. The operation is the same as buying back consumer loans (described in the previous point) but your mortgage (s) is / are included in the consolidation.
  • Free request and without obligation.

Why carry out a grouping of real estate and consumer loans?

Why carry out a grouping of real estate and consumer loans?

The repurchase of mortgage loans and consumption allows above all to significantly reduce the weight of your monthly payments. In addition, if you find it difficult to manage your budget, buying real estate and consumer loans will simplify the management of your repayments thanks to the single loan. In addition to these advantages, there are various reasons that may lead you to buy back your credits.

To avoid over-indebtedness

With the lower monthly payments it allows, this financial transaction is effective in preventing or getting out of debt. If your debt ratio is above 33% or is approaching it, it is recommended to study what a loan buyback could bring you.

Calculate your debt ratio

To get your debt ratio, take the total amount you repay each month for your credits and multiply it by 100. Then divide the result by your net income.

Net revenues include:

  • Your net wages
  • Your non-salaried professional income
  • Your support payments and other support payments

What you get is your debt ratio.

To get started in new projects

Buying credits also allows you to finance new projects. With reduced monthly repayments, your purchasing power as well as your repayment capacity are valued. Additional cash can then be granted to you in the form of a consumer loan added to your credit repurchase.

This operation can therefore help you to concretize projects that had been put aside (works, new vehicle, etc.).

How to combine my real estate and consumer credits?

How to combine my real estate and consumer credits?

If you wish to redeem your credits, you can submit your request online. Whether you want a buyout of real estate and consumer loans or a buyout of consumer loans, this request is free and without obligation. The latter allows you to be contacted by experts after an initial analysis of your project.

We do not offer you a real estate and / or consumption loan redemption simulation, but rather a real exchange with our broker advisers. This gives you access to a personalized analysis of your project and to offers that are perfectly suited to your situation. We negotiate for you the proposals which are made to you, you are free to follow them up or not!

The level of decrease of your monthly payments varies according to your profile and the characteristics of your current credits. The reduction in monthly repayments is made possible by the extension of the duration of the loan granted. This operation leads to a possible increase in the total cost of the loan.

Debt rescheduling and restructuring to lessen the burden

The debt rescheduling from the overdraft facility to the installment facility cannot go fast enough. Every day, the overdraft facility delicately “crunches” the disposable income of the account holder.

With our contribution, we invite you to take a closer look at the admittedly somewhat briskly formulated entry sentence. Find out what the ever popular dispo is really for. How the overdraft would be used sensibly and when it is really urgent to reschedule.

In addition, we inform you which credit offers – with regard to personal creditworthiness – are recommended.

Debt rescheduling – draw borders yourself

Debt rescheduling - draw borders yourself

A debt rescheduling from overdraft facility to installment loan is recommended to anyone who has problems keeping their checking account permanently in their credit. Thought and interpreted by the interest rate is the overdraft facility as a means of maintaining liquidity without interruption. In the event of overlaps in payment, the current account ensures that the debit does not go back. In addition, the overdraft facility helps to occasionally be able to afford something that does not actually fit into the current monthly budget.

The overdraft facility prevents the need to apply for an installment loan for every short-term small money requirement. The comprehensive overdraft facility, mostly the bank automatically grants the overdraft facility, ensures personal liquidity. – But any overdraft is only a sensible credit decision if the repayment is easy within a few weeks. If this is not the case, the overdraft facility becomes a permanent condition, the bank is still far from warning. Nevertheless, it is time to take care of a debt rescheduling from overdraft to installment loan, because the overdraft interest is always high.

With normal or even good creditworthiness, finding a loan for overdrafting is particularly easy. A good loan comparison calculator is easy to use and lists all current installment loan offers online. From a loan amount of USD 1,000 with a minimum term of 12 months, regular financial institutions offer the debt rescheduling loan. Officials, as applicants with a particularly good credit rating, should be guided by interest rate offers that depend on the credit rating. Normal citizens with an average good credit rating usually finance more cheaply through interest rate offers that are independent of creditworthiness.

Dispo trap – don’t fight against windmills

Dispo trap - don

With your personal debt restructuring from overdraft facility to installment loan, borrowers unfortunately wait far too long. Some people find it “too much work” to apply for a loan, others want to reduce the overdraft without an installment loan. For those who fear the expense, a modern online credit with online ID check is recommended.

The effort is limited to “5 minutes tap” for the online loan application. A further 5 minutes of “working time” costs the identity checked online via Skype. Nobody has to leave the parlor for the online credit applied for in a timely manner. It is more difficult to convince people to refinance from overdraft facility loans to installment loans to those who defend their overdraft facility by saving.

It is extremely doubtful whether the savings efforts will pay off in the end. Nevertheless, the majority of account holders in the red are trying to write black numbers again through “hard saving”. The only problem is that the high overdraft interest rates, in the case of deep red numbers, prevent repayment in due time. The setback is literally preprogrammed with every interest statement.

Our advice: do not fight against windmills. Apply for an installment loan to overdraft facility and save yourself the overdraft interest trap.

The bank warns of overdraft facility compensation – why is it in a hurry?

The bank warns of overdraft facility compensation - why is it in a hurry?

The house bank earns a lot of money from a high overdraft. One call is sufficient for most account holders and the overdraft facility is expanded several times. If the entered credit line is still not sufficient, the bank will allow an “approved excess” of the overdraft facility. The interest on this additional overdraft is even more profitable for the house bank. If the bank urges the overdraft facility, it is not a trivial matter to ignore.

The reason for the warning is that the personal credit line for short-term loans has been fully exhausted. Account holders who do not act promptly will find it difficult to deal with the consequences later. There is a quick need for action, as not only does the overdraft facility eat up your income, but at least temporary insolvency threatens. Before the house bank does not redeem debits due to insufficient funds, rescheduling from overdrafts to installment loans is still possible via regular loans.

Interesting in this situation are the somewhat higher-priced loan offers from the loan comparison. However, if you wait until the first debits decline, this still comparatively low-interest path for the loan to overdraft facility is closed. Regular credit institutions that are willing to take risks often check the bank statements of the last three months to make a credit decision. Reversals mean proof of actual insolvency. The only thing that remains open is the attempt to credit through special providers.

Risk credit for overdraft facility compensation – as soon as possible from the overdraft facility

Risk credit for overdraft facility compensation - as soon as possible from the overdraft facility

The risk credit for overdraft facility is no longer about saving interest, with the aim of keeping more money for consumption. It is literally about financial survival. Customers who do not respond to the emphatic request for the return of discounts unexpectedly hit the flexibility of the discounts with all their might. The clearing frame can be reduced just as easily as it had to be expanded previously.

Nobody can save against an effective interest rate of 17.5 percent (savings bank), or even more at other banks. If regular loan offers are no longer eligible for debt restructuring from overdraft facility loans to portable installment loans, the path leads to risk loans. A debt rescheduling, for example via that of Lite Lender, or a loan from private to private could be interesting.

For the debt rescheduling from overdraft facility to private installment loan, it is advisable to address one of the two leading portals. Overdrafting on Cream bank or Agree Bank is still conceivable even if banks no longer take the loan risk.

 

How to apply instant loan with quick payout

Anyone who needs a large amount of money at short notice usually thinks directly of the overdraft facility. Without bureaucracy and without having to fill out forms, the customer can easily open their account and thus bridge financial bottlenecks. This service is practical, but also very expensive: On average, Agree bank charge 11 percent interest. There is a good, inexpensive and just as quick alternative: the instant loan with fast payment.

How to apply for the instant loan

How to apply for the instant loan

There are a few steps to take when applying for an instant loan. First, the customer should compare different offers to ensure that the cheapest loan is applied for in each case. The bottom line is that you can save money. A loan comparison using a loan calculator on the Internet is simple and time-saving. This clearly lists the best offers and the lowest interest rates. Once the right loan has been found, it can be applied for directly online in just a few moments.

This is not only convenient, but also has a decisive cost advantage: Since direct banks save the expensive maintenance of branches, their offers are generally cheaper than those of conventional branch banks or the house bank. But that’s not the only plus point, because direct banks can also save time. As a rule, they have established a standardized checking procedure, which guarantees a particularly quick check of the loan application and thus enables rapid payment. In the case of branch banks, however, the check alone can take up to two weeks.

You will receive your money as quickly as possible

You will receive your money as quickly as possible

An immediate loan is paid out within two to three working days after approval by the bank. The urgently needed money is available to customers within a very short time. But sometimes it has to be faster. There is also a solution for this: Some direct banks also offer a so-called flash transfer. This flash transfer enables the money to be received in the customer account as a rule on the following working day. For this particularly quick payment of the instant loan, however, an additional fee is payable, which is usually around 15 to 20 USD.

Even if one takes these costs into account, the instant loan is still an inexpensive alternative to overdrawing the account. However, consumers should note one thing: In order to ensure that the loan application is processed efficiently, customers should have all important documents at hand when making the application, such as account statements or proof of salary from the past few months. This enables you to check all information promptly and thus approve and pay out the loan amount as quickly as possible.