Online Loan Bad Credit -Kenafsociety.Org / Wed, 04 Dec 2019 17:36:10 +0000 en-US hourly 1 https://wordpress.org/?v=5.6.1 Bad credit loans online -Search for any loans for bad credit? They are here /bad-credit-loans-online-search-for-any-loans-for-bad-credit-they-are-here/ /bad-credit-loans-online-search-for-any-loans-for-bad-credit-they-are-here/#respond Wed, 04 Dec 2019 17:36:10 +0000 http://www.kenafsociety.org/2019/12/04/bad-credit-loans-online-search-for-any-loans-for-bad-credit-they-are-here/ Read More

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Do you want to borrow 5000 USD and you doubt between a personal loan and a revolving credit? They are both consumer loans, although they are structured differently. The personal loan ensures transparency, but on the other hand, is less flexible than the revolving credit. Do you want to borrow 5000 USD for a clear purpose, or do you want to make sure that you have more money in hand in the coming period?

Search for any loans for bad credit? They are here

Personal loan and clarity

You can borrow money through a loan for bad credit at https://pluslend.com/. You borrow the money in one go, you get the total amount deposited in your account. You can then use it to make the purchase, to use the term to repay the loan amount in steps. The advantage of a personal loan is that you can check in advance exactly how much costs you incur per month. Do you want to borrow 5000 USD and are you looking for the greatest form of clarity? Then this is a good choice.

On the other hand, the disadvantage of a personal loan to borrow 5000 USD is that you are less flexible. For example, do you want to pay extra in the meantime? This is often only limited or not possible at all, you can then be faced with penalty interest. In addition, you do not have the option to withdraw amounts that you have repaid and use again. Borrowing 5000 USD through a personal loan is a one-time matter in that respect, if you need money again you need to take out another loan.

Borrow 5000 USD via flexible revolving credit

On the other hand, you can borrow 5000 USD through a revolving credit, and you will benefit from a greater degree of flexibility. You can redeem the amounts you withdraw up to the credit limit of 5000 USD whenever you want, in steps or one-off. In addition, you can also withdraw amounts that you have repaid, so you always have a maximum of 5000 USD at your disposal during the term. On the other hand, keep in mind that the interest rate is variable, as opposed to personal credit. Borrowing 5000 USD costs an amount per month based on the current interest, you can never get complete certainty about this beforehand.

Do you want to borrow 5000 USD through a revolving credit? Also keep in mind that a possible BKR review provides credit at the credit limit, regardless of whether you have withdrawn this amount. The revolving credit, in particular later during the term, has a greater influence on your creditworthiness than the personal loan, with which you will gradually reduce the debt position. You can borrow 5000 USD in the way you want, the personal loan and the revolving credit both have their advantages and disadvantages.

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Residential Loan Calculator /residential-loan-calculator/ /residential-loan-calculator/#respond Sat, 05 Oct 2019 12:57:12 +0000 http://www.kenafsociety.org/2019/10/05/residential-loan-calculator/ Read More

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In the mortgage calculator you can get an overview of the interest rates at all current interest rates. Calculate the cost of the monthly repayment. In the first step, you can quickly and easily determine the cost of your financing with our Housing Calculator! Simply select the loan amount, the term and the interest rate and get monthly fees. You can use the home loan to expand or renovate your own home.

Mortgage

Mortgage

Enter the amount of your loan request and a deadline in months. Start the calculation and you will receive your personal monthly installment. Use the sliders to choose the loan amount and duration you want – the monthly installment and the loan amount will be displayed immediately. How much credit can I spend?

How much credit can I raise with my desired interest? If you select a monthly rate, the system displays the corresponding loan amounts and the associated terms. How much can I save?

What is the price per month?

What is the price per month?

What is the price per month? Mortgage collateral is based on the respective favorable interest rate. Depending on the creditworthiness of the respective client, the interest may also be increased. The tariff and all details in the example calculation are only approximate, non-binding reference values. In no case does it replace the value stated in the quotation or contract!

To avoid financial bottlenecks, the loan conditions can be adjusted. Do you value comfort, security, reliable design and flexibility in your home? The interest rate is based in principle on the USD present value. eRiboro “is the most important reference interest rate for loans in the Eurpean Union. For loans for which a property has been pledged as a pledge, a land registration fee (1.2 percent) is payable.

The general ranking of liens amounts to 0.6 percentage points.

Mortgage loan

Mortgage loan

A mortgage – often called mortgage loan or mortgage loan – is a classic real estate loan. Mortgage loans, unlike home loans, installment loans or consumer credit, are secured by a land register entry. Usually, a mortgage loan is tied to the security provided by the property in question, ie a property or a dwelling, which ensures repayment and interest payment in the event of non-payment.

This means that the house bank has the option of being registered in the cadastre by a mortgage or a real estate lien if the equity capital is not sufficient for the refinancing. This also gives the house bank collateral, because if you as a borrower do not meet your loan obligations, the house bank has the option to use the deposit for repayment.

The land register entry usually takes place up to the amount of the promised loan amount, but can also be used for larger amounts, eg for additional equipment or a subsequent extension of the property. Of course, as with any home loan, a mortgage loan will only be given to creditworthy people.

In addition to the income and the financial conditions, the objects to be financed are also examined – for example with regard to location and type, year of construction or equipment. Mortgage loans are subject to the same conditions as any other loan: exactly match terms, additional costs and contract terms. Because mortgage loans are usually very large loan amounts, you should pay particular attention here.

Our loan calculator compares what are currently the best mortgage offers in Austria. If you find the right provider for your mortgage loan, you can use our loan calculator to contact the appropriate provider and request a personal loan offer. With a mortgage loan you can equip your property or your home with relatively little own funds.

Disadvantage: The conditions, ie the interest rates, for such a mortgage loan are usually much more expensive. Mortgage security (land register entry) provides further security for the principal bank, which usually offers much greater scope for financing a mortgage loan – at lower interest rates than a normal loan.

A mortgage is granted with variable interest and as a fixed-rate loan. The term of a mortgage loan depends not only on the level of financing needs but also on the financial circumstances. You can also calculate your individual loan on the Internet with variable interest.

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Over-indebtedness: How can I prevent over-indebtedness? /over-indebtedness-how-can-i-prevent-over-indebtedness/ /over-indebtedness-how-can-i-prevent-over-indebtedness/#respond Tue, 24 Sep 2019 09:05:24 +0000 http://www.kenafsociety.org/2019/09/24/over-indebtedness-how-can-i-prevent-over-indebtedness/ Read More

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Germany is one of the richest countries in Europe and occupies top places all over the world. Despite the wealth, almost one in ten people in this country is over-indebted and can no longer meet their payment obligations.

The increasing over-indebtedness knows no age limits, people in a precarious financial situation we find in all age groups. One could say that over-indebtedness is clearly linked to poverty, as households living below or very close to the poverty line usually have no ability to cope with unexpected expenses. For years, the number of over-indebted 18-25 year olds has increased and here we can only conditionally call poverty the cause.

Overindebtedness: Those who are over-indebted are no longer able to meet their payment obligations and if there is no longer any prospect of doing so in the future. In other words, over-indebtedness is when we spend more than what we actually take on a monthly basis.

What are the most common causes of over-indebtedness?

What are the most common causes of over-indebtedness?

In the basic education of young people, the handling of money is little or not addressed. So we can not be surprised that young people easily lose track of their finances.

The most common causes of over-indebtedness:

Continuing obligation:

With perpetual debt, we mean above all mobile phone contracts, it often happens that the consumer at the same time conclude two or more contracts. The obsession to always own the latest smartphone is great and the top models of the popular manufacturers are not affordable for many young people without a contract. Due to the accumulation of many initially small amounts, the monthly burden increases. Sometimes only an unexpected issue is enough and the debt trap has caught on. If we assume that long-term debt will continue to be paid in addition to the mobile phone contracts, the disaster is planned ahead of time.

Excessive consumption on credit:

The retail industry attracts its customers with evidently cheap financing offers. A new kitchen, a TV, a game console for Christmas or a holiday trip that we can literally get with just one signature. Frequently several things are financed at the same time, the small amounts add up to a large sum. Many people easily lose track and live beyond their means.

Disposition credit – tolerated overdraft:

One of the most expensive ways to get money from a bank is to take out discretionary loans. Many banks offer their customers after a tolerated overdraft, a discretionary credit. With an average interest rate of 15%, discretionary credit is one of the most expensive types of loans. Once the current account is overdrawn, it will be very difficult for most people to get back to black zero.

A disposition credit has no term of payment and no installment payment is agreed, which makes repayment more difficult. Until the monthly income offsets the debt, the loan can be used. The cost of a persistent overdraft is very high, and if the amount of seduction is exceeded, the bank can simply terminate the discretionary credit from one day to the next. In such a case, the entire sum owed is immediately demanded and the debt spiral has snapped again.

Causes of over-indebtedness in percent: unemployment 17.9% Illness, accident, addiction 12.4% Divorce, separation, death of the partner 12.2% uneconomicalness 11.5% Failure of independence 7.9% Average personal debt – 2014

How can I prevent over-indebtedness?

How can I prevent over-indebtedness?

If over-indebtedness threatens, we should act as soon as possible. We must not let our debts grow over our heads. Debts generally arise when we spend more than we take. If we notice that we still have open accounts at the end of the month, it is an indication that we are clearly spending more than we can afford.

You should always keep an eye on your finances

Avoid unnecessary expenses

In order to avoid unnecessary overspending, we should keep an eye on our incomes. Even if a decent income is transferred to our checking account, the money can quickly disappear from there. Be sure to avoid EC and credit card payments. Due to the frequent use of the bank deposit, we quickly lose the relation to the value of the money. Paying with a card may be convenient, but it is proven that people who pay by card spend much more than a cash payer. If we use a credit card, we have to reckon with additional costs. As soon as we do not settle the amount within a certain period, the card provider charges interest.

Rescheduling also possible despite credit bureau

If you are using an expensive prepaid credit or your credit card is overdue, you should quickly repost. With a rescheduling can save annually several hundred euros. The interest rates are significantly lower for a installment loan or the loan despite credit bureau, you also receive a payment term and can pay off the loan completely within a certain time. Please note that a bankruptcy loan can be terminated by the bank without giving reasons. Such a termination is registered in the credit bureau, as a negative feature and may have consequences in the future.

Sample rescheduling of 8.000,00 EUR

Credit card: 3,500 EUR
Interest rate: 14.5% pa
Interest per year: 507,50 EUR
Flexible credit: 4,500 EUR
Interest rate: 11.5% pa
Interest per year: 517.50 EUR
Total interest: 1,025 EUR
Installment loan: 8,000 EUR
Interest rate: 5.5% pa
Interest per year: 440.00 EUR
Savings in the year: 585,50 EUR

Debt trap disposition loan

Fingerweg of the disposition credit, if there is no other way, there are cheaper ways to borrow money. It sometimes happens that we have to make unexpected purchases and our salary is no longer enough. Let’s assume that our vehicle has to be replaced. After all, we need a functioning vehicle to maintain our employment. In such a situation, we’d better address our bank to finance the new acquisition with a cheap loan. We can schedule a installment loan in our expenses and we get a fixed date on which the loan is repaid.

Keep track of everything with a revenue and expense account

Run a revenue and expenditure account in your household, where you can see each month, how much you can afford and which purchases you have to give up. Avoid unnecessary spending, just think about the value of the things you already own. We do not need a new smartphone every year. Most of the time we buy stuff we do not need, the money we do not have to impress people we might not even like. In the month we have several Festausgaben, which must necessarily be considered. If there is anything left over from our salary at the end of the month, we should invest some cash.

With the savings, primarily serve the liabilities

Loans always have priority and should always be served before saving. If you hide money in the proverbial sock, they should pay the debt first. It is simply about the fact that we can earn with our savings, never as much interest as us, for example, for a discretionary credit is accepted.

Our tip: Instead of spending new consumer spending, you should invest in your education. A well-trained employee finds a new job faster than an assistant.

Debt counseling and personal bankruptcy

If you think that you are already over-indebted, you are not afraid of debt counseling. You should not hesitate to pull the emergency brake, with proper advice and professional support you can still change the course.

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Cash loans with Monderas Personal Loan /cash-loans-with-monderas-personal-loan/ /cash-loans-with-monderas-personal-loan/#respond Wed, 18 Sep 2019 03:55:45 +0000 http://www.kenafsociety.org/2019/09/18/cash-loans-with-monderas-personal-loan/ Read More

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money cash

To get a loan, however, you must meet the bank’s requirements. One of them is Monderas Personal Loan. Monderas provides the bank with necessary information on how the potential borrower has repaid his obligations so far and what is his overall repayment history and the amount of his scoring in this register. On the basis of this, its creditworthiness or lack of creditworthiness is determined.

Cash loans often save in emergency situations

Cash loans often save in emergency situations

It often happens that despite the fact that the potential borrower repaid his receivables within a certain period of time, i.e. he had no delays and did everything properly and repaid everything within the deadline specified in the loan agreement, he cannot get a loan due to poor assessment in Monderas Personal Loan. What is this for him?

If Monderas Personal Loan on the basis of how we repaid loans and how many we had determined that our history is poor, i.e. we have few points, the bank will not allow us to take another loan, or will do so on additional terms – this is however, not enough.

Monderas Personal Loan is of great importance to banks

money cash

Because it is their greatest security. Why is it so that despite the lack of problems with paying off our history is poor? What a bank employee tells us is not complete information. He only gets information that something is wrong in Monderas Personal Loan and he cannot give us a loan. Professionals from the Monderas Personal Loan database speak about it in a clear way for us and they should look for specific information.

The most common reason for the so-called poor credit history by bank employees is the fact that the person who is once again applying for a cash loan. In addition, he has too many inquiries about cash loans, he has come too close to the upper limits of credit card limits, or he has excessively used overdrafts – all of this means that creditors are weakening because the client was based on the solvency limit determined on the basis of his financial capabilities. It is waidomym that the borrower has a certain possibility to take loans, and acting on its pagan there is a real possibility, falling into debts or automatically there is a possibility that a given client will become insolvent and the bank will have to take some steps to recover his money.

This situation can be changed

money cash

By waiting for some time with cash loan inquiries at each bank (since each bank then enters this query in the register), try to increase the number of points in the Monderas Personal Loan register and apply for smaller amounts of cash loan. It is also worth analyzing before each borrowing from Monderas whether we really need it at the moment and in the amount we apply for. It often happens that you can do without a loan or with less.

Cash loans should be treated as supporting our budget, not building it, because monthly repayment of installments prevents us from saving money in the form of savings.

 

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What is a loan? /what-is-a-loan/ /what-is-a-loan/#respond Sun, 15 Sep 2019 13:01:34 +0000 http://www.kenafsociety.org/2019/09/15/what-is-a-loan/ Read More

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What is a loan? A loan is also often referred to as a loan, although a loan in legal matters differs from a loan. And what exactly is a loan? Almost everyone has ever taken a loan. But is that really correct?

And what is a loan?

And what is a loan?

Anyone who wishes to borrow from third parties for any reason whatsoever comes into contact with the term “loan” in practice. A loan is also often considered to be a loan, even though it stands out from a loan in legal matters. Also in the short version “Darlehn” is used.

There are different types of loans, which are either based on the purpose of the loan or on the loan terms. Thus, the borrower can usually select in consultation with the lender the optimal form of the loan for him. A loan is a loan from a so-called creditor (lender) to a borrower (borrower).

A commitment is made between the two sides, usually in writing, especially in money matters. The loan is granted for a limited period of time, in which the lender provides the borrower with a certain amount of money or an asset for use in disposing. The loan can be paid or free.

Ie. depending on the contractual agreement plus the repayment or return of an item, the lender charges default interest. The classic example is a loan from a credit institution which, under certain conditions, grants loans to the borrower who pays the loan to the lender. In the case of a loan, the duration of the loan is determined and set as maturities.

The interest amount is calculated from the percentage as well as the loan term and the amount owed. In the repayment of loans, the balance and thus the interest is reduced. Depending on the credit agreement, a distinction is made between a fixed and a variable interest. Interest shall normally be paid at the end of a calendar year or short maturities less than 12 months after repayment of the entire loan, unless otherwise specified between the parties.

In addition, a so-called lending fee may be required by the lender. The amount is usually based on the loan amount and depends on the different fee scales of the respective credit institutions. The amortizable credit is based on an origin, in which the term “amortization” on the Anglo-Saxon term “dilegian” in the beginning of the century can be traced, which in turn from the Latin “delere” stems and “destroy, delete” means.

An amortization loan is a contractual loan agreement in which the principal amount to be paid on a monthly basis is calculated from the repayment amount and interest. The principle applies here that with every partial repayment the loan amount and thus also the interest amount is reduced with each partial repayment. A building loan contract with a final Construction is concluded, in which a fixed building society over a long time horizon is paid.

Depending on the homeowner savings deposits are usually between 40 and 50 v. H. the sum total of Construction deposits including interest, which was set in advance upon conclusion of the contract. For this purpose, a certain estimated value and the end of the term as well as the agreed savings amount must have been achieved, in order to take up home loan savings at the saved savings amount.

The Construction insurer uses the contributions made to grant loans to other home savings customers. The loan repayments take place in the same stock as all other savings deposits, so that there are funds available for further savings from other insured persons. This requires interim financing, which increases the otherwise low lending rate. Accordingly, Constructionkunden often rely on several small contracts that can be better paid out alone from a Constructionpool and give the Constructionn thus a higher chance of favorable interest rates for a building society savings.

The difference is based primarily on the term “annuity”, which derives from the word “annus” and provides a “year”. In financial accounting and in connection with a loan, “annuity” refers to the year during a loan transaction. All installment payments are made in comparison to the amortizable loan until repayment of the loan during the term.

The interest is highest at the beginning of the installment due to the even higher loan amount. Due to the steady repayment of the residual debt through repayments, the interest burden decreases with each installment. In contrast to a repayment loan, the repayment rate now increases to the same extent as the interest portion, so that the borrower can always be counted on the same installment on the respective due date.

What does a participation loan stand for?

What does a participation loan stand for?

The term “partarian” derives from the southern term “partire” and stands for “share”, which refers to the participation in the financing. A patriarchal loan is when the borrower needs him, for example, for a start-up company, for the expansion of a company or to avert bankruptcy. Unlike a conventional loan, lenders are not “compensated” by interest, but receive a share of the profits of the company for which a loan has been granted.

In contrast to the acquisition of shares in a group, the lenders do not act as shareholders in a participation loan and only have a limited right to co-determination in the group, which is based on the value of the investment. In the case of partial loans, a further period is set after which the lender must repay the loan amount plus any interest payments to the lender.

If the sponsored business has little or no profit or turnover, the investor or lender can earn little or no revenue from the loan. This means that the lender does not pay for the company’s debts. This participative loan can look back on a medieval past in ancient Venice.

In 1850, the American sewing machine manufacturer American Singers joined and offered rates for the payment of bills. If there are several repayment installments, these are the same over the entire duration. The interest is usually only at the end of the contract period or in a calendar year. The remaining loan amount is reduced by the repayments so that the interest rate is reduced each year.

This distinguishes, for example, the installment loan from the annuity loan, in which the repayment amount is increased by the amount of the interest reduction, and thus the loan, including the interest payment, is paid in full at the end of the repayment. Is a final loan? In the case of a repayment loan, there is no repayment during the term of the contract, such as repayment loans or annuity loans.

In this case, the loan is only repaid at maturity. Interest will only be paid on the amounts paid at the end of each financial year, which are last paid upon repayment of the loan. A good credit rating for a ball loan is the norm. A term loan is usually used when a certain bridging period is to be reached, at the end of the borrower a cash payment z. B. from a life insurance policy or a home savings contract can expect.

Therefore, many consumers or businesses tend to take out a loan to refrain from the termination of short-term financial assets. It should be noted, however, that a negative interest rate may arise, especially with a secure investment, if the interest on a loan with a maturity maturity exceeds the benefits of a secured investment. In the end, therefore, damage always has to be accepted, but in contrast to system crashes, it is usually lower.

Another reason for a loan is the tax advantages that it has especially in the rental of real estate. Borrowing costs may be deducted for tax purposes, while interest income is taxable in the first twelve years of the contract when life insurance policies or the like are paid out. Often, the differences between the different types of credit are small, although depending on the purpose and the financial situation, these can be serious for the borrower.

In doing so, it is necessary to choose the appropriate type of loan in such a way that it meets individual needs and is economically most favorable to the borrower.

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Prepayment Compensation – often it has to be paid | debt restructuring /prepayment-compensation-often-it-has-to-be-paid-debt-restructuring/ /prepayment-compensation-often-it-has-to-be-paid-debt-restructuring/#respond Wed, 11 Sep 2019 08:25:54 +0000 http://www.kenafsociety.org/2019/09/11/prepayment-compensation-often-it-has-to-be-paid-debt-restructuring/ Read More

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If a loan is terminated before the regular expiry date, a prepayment penalty must be paid.

This fee is payable by the borrower to the bank. It serves as compensation for the credit institution and comes into force if measures are taken early to dissolve the loan. This is usually the case for special repayments and rescheduling.

Coming soon

The prepayment penalty is payable whenever the loan is repaid early. Because every financing is tied to a contract and the end of the contract period is fixed.

If the amount is paid prematurely, the early repayment penalty comes into force. Only if it is expressly mentioned in the contract that no prepayment penalty has to be paid will the fee be waived.

It can also be done by the Bank a faulty cancellation policy, even in these cases no prepayment penalty is due.

However, the amount of the early repayment penalty is not regulated by law, so it is difficult for the consumer to verify. If there are discrepancies with the bank, usually a lawyer is called in.

With a construction loan there are special features

With a construction loan there are special features

Frequently, the prepayment penalty is due on mortgage financing, since this is usually larger sums. In Germany, long-term fixed interest rates with an unchanged interest rate are quite common.

This is not the case in other European countries. For the consumer this means that the interest rate does not rise and gives the bank the assurance that the interest rate will not fall.

So both parties can plan well. If the borrower repays the mortgage amount prematurely, the bank loses a significant part of the profit.

To compensate, the prepayment penalty is then calculated. The amount of these payments determines the remaining term, the original interest rate and the current interest rate level.

However, the bank is not obliged to special repayment

However, the financial institution is not obliged to early repayment of the sum is always based on goodwill . The request of the borrower is not decisive here, the bank can insist on contract fulfillment.

However, the borrower has a special repayment right if the financed property must be sold. But here too the compensation is due.

However, if the fixed interest has expired after at least 10 years, a special repayment without prepayment penalty can be made. Every borrower should therefore inquire in advance, when a special repayment is possible and how high the prepayment penalty.

However, other types of financing can be obtained with a variable interest rate, this contract can be terminated after 3 months.

Here, too, a prepayment penalty will be charged, but for contracts concluded after June 11, 2010, the highest 1% of the remaining debt is allowed.

For contracts concluded before this date, however, there is no statutory regulation. If the remaining term of the loan is less than one year, 0.5% of the remaining debt will be due.

Prepayment Compensation for a debt restructuring

Prepayment Compensation for a debt restructuring

In a rescheduling is usually a costly loan replaced and replaced by a cheaper loan. The borrower thus has a significant saving of interest on the term.

Incidentally, this applies equally to building loans, as well as to all other loans. Unless otherwise expressly stated in the contract, the Bank may claim a prepayment penalty.

It is therefore always necessary to examine whether debt restructuring is worthwhile at all. So the sum of the old loan, including the compensation, must be compared to the new loan.

The difference then results in the savings. If a vehicle has been financed, of course, a prepayment penalty will be charged, but the rescheduling of an older auto loan is worthwhile in most cases.

However, if a processing fee has been charged for this loan because it is not reimbursable if the loan is terminated prematurely, the borrowing rate must therefore be used for the calculation because the fee is not included here.

The amount of the prepayment penalty:

The amount of the prepayment penalty:

There are basically two ways to calculate the prepayment date. Here the different species are a little bit more illuminated.

Active-active method

The bank expects to be able to lend the money it receives in the event of premature repayment to another customer. However, if the interest rate is now lower, the bank will incur a loss. Here, the interest difference between the two loans is taken into account, but a so-called interest margin damage is also calculated. Here, 0.5% of the loan is due, with other cost factors depending on the remaining term.

Asset Liability Method

In this case, the bank assumes that it can buy shares with the money and thus compensate for the interest loss. However, this method is usually beneficial for the bank, it therefore also represents the preferred formula. This method is also used in online computers.

Processing fee for a prepayment penalty

Processing fee for a prepayment penalty

For the prepayment calculation, the bank may charge a fee. Processing fees for a loan, however, are not allowed. However, the fee must already be included in the prepayment penalty.

However, it is not regulated by law how high the fee may be. Sometimes different banks can charge up to 300 Euros.

Check the prepayment penalty

If the bank has communicated the amount for the prepayment penalty, it must be reviewed. Because often the sum is disproportionately high and the calculation is rather intransparent at many banks.

Before the prepayment penalty is paid, the amount should be reviewed by a financial expert. However, the bank will first block the objections, in most cases, a lawyer must be involved.

A detailed calculation

A detailed calculation

If the review is to take place later, the following points are important. What recalculation rate has the bank charged? The source and the interest should be clearly named.

Are saved administrative costs taken into account in favor of the borrower? What are the saved risk costs? Has it been considered that a later special repayment would be possible?

What is the bank processing fee? The bank must provide information on this. Whether the prepayment penalty is really too high, the layman usually can not determine.

Free calculator

A first assessment, however, offer the free computer on the Internet. Of course, the consumer centers or a financial institution can check the amount of prepayment penalty, but this is subject to a charge. The consumer centers usually charge 70 euros, financial service providers are significantly more expensive and charge about 200 euros .

If a professional opinion is available and it has been determined that the prepayment penalty is too high, the bank must correct the claim downwards.

If she does not do that, a lawyer has to be turned on. But you should also remember that a lawyer costs money, so you should ask before the legal expenses insurance, whether they take over the costs.

Attention: cancellation contract

Attention: cancellation contract

If the bank doubts the correct repatriation of the sum, it often offers a cancellation contract. Here details of early repayment are precisely regulated.

If the repayment of the loan is initiated by another financial institution and the lending bank has not yet given notice, there is no entitlement to any compensation.

Unless the early repayment penalty is expressly regulated in the cancellation contract. It is therefore highly recommended not to sign a termination agreement recklessly ; nobody voluntarily accepts heavy burdens.

Our conclusion on the prepayment penalty :

A prepayment penalty does not have to be paid in any case, so you have to ask before the signature on the loan agreement, which information on prepayment penalty are included.

In some cases, the bank just does not have any claim to the prepayment penalty, but it is still gladly charged.

So you have to know the facts and the laws on prepayment penalty exactly and apply them. The layman can not do that, so it is always recommended to consult a financial expert .

He knows his way around and shares his knowledge. However, there is nothing in vain, even the expert will charge his costs. But here expertise is required and a layman usually has no chance.

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Online Loan Calculator Home Purchase /online-loan-calculator-home-purchase/ /online-loan-calculator-home-purchase/#respond Fri, 06 Sep 2019 13:50:14 +0000 http://www.kenafsociety.org/2019/09/06/online-loan-calculator-home-purchase/ Read More

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Since then, banks have to follow stricter rules when granting loans. Instead of renting, you pay a monthly amount for the house or apartment with the Raiffeisen housing loan. The purchase of a house and thus the credit for buying a house is a unique thing in life for most Germans. Use our loan calculator and calculate your home purchase with the desired amount. You receive your personal offer directly online. an elucidation on sherrylynne.com

apartment Sale

apartment Sale

Buying a house is a desirable undertaking for many people. Clear advantages: Instead of a rent to a homeowner, you invest in your own property when you buy a house. However, very few are able to bring the money for the purchase of a house in cash on the market. The purchase of a house is therefore primarily dependent on an attractive financing option.

Ideally, the monthly installments for buying a home are insignificantly higher than the rent. The good thing is: Since credit institutions have an equivalent value for home purchase financing, it often offers particularly advantageous conditions for buying a home. However, keep in mind the details of house financing. An allegedly favorable interest can refrain from the purchase of a house by various additional costs again.

So take a look at which form of financing is the right one for your home purchase. When buying a house offers you not only favorable interest, with us also no further accruing fees for you. Since your home purchase is important to us, we give you a Besdres for home purchase.

So if you find within 8 days a cheaper purchase offer for your house at another house bank, you can return your balance for the home purchase with us. Use our loan calculator and calculate your home purchase with the amount you have chosen. You get your individual price quote online.

Do you have any more information about your home purchase or would you prefer to talk to us by phone about details of your home purchase, please contact us! 

Credit Calculator – Calculate installment loans online

Credit Calculator - Calculate <a href=installment loans online” />

You want a small loan or a car with a cheap loan and a small installment? if you want to match loans and sign up online. Find out here which monthly charge you have with the corresponding installment credit! The online loan calculator calculates the monthly installments and the total interest expense.

For mortgage or home purchase, please use our mortgage calculator. Enter your details in the appropriate input fields and press the “calculate” button! In the installment calculation, the bank-usual “savings bank formula” is used. The interest generally mentioned by the house bank is not an annual interest, but 12 times the “effective monthly interest rate”.

The interest-rate effects thus occur already after the first calendar month, so that the annual effective interest rate is always higher than that prescribed by the house bank. The nominal interest is even greater, because these costs are taken into account! To replace the installment loan at an early stage, you can make out the remaining debt after a certain period of time.

In the Month field, enter the desired month and press the “Remaining debt” button.

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The credit bureau information remains a trade secret! /the-credit-bureau-information-remains-a-trade-secret/ /the-credit-bureau-information-remains-a-trade-secret/#respond Wed, 04 Sep 2019 06:35:27 +0000 http://www.kenafsociety.org/2019/09/04/the-credit-bureau-information-remains-a-trade-secret/ Read More

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Credit bureau is not obligated to provide consumers with comprehensive information on the calculation of their credit rating in the event of a negative credit rating.

Trade secret

Trade secret

Last Tuesday, the decision of the Federal Court fell. So with the credit bureau is the consumer no detailed information guilty of a loan has been rejected. The court in Karlsruhe has passed its verdict and thus rejected an appeal suit. A 54-year-old employee from Hesse has complained and lost. She wanted to know exactly how your personal scores came about and why she was so poorly judged by the credit bureau. It all started with a loan. The woman from Hesse had the desire for a new car. She wanted to finance the new vehicle from the bank, but the credit bureau did not give the green light and the credit was denied. The first time it was just a name confusion, but the second credit bureau information also broke a surprise. Although it worked on the second attempt and the credit was approved, but the woman was surprised by her personal bad credit rating. Only 92.9 in a borrowing and 81.1 percent compared to the telecommunications companies, so low rated the credit bureau their credit rating, although it has enjoyed a good reputation with other companies.

The 54-year-old employee went to court, she wanted to know exactly how and why her credit rating was so poorly assessed. The BGH now had to decide if and who, what data you must disclose credit bureau. Before the lower instance, the credit bureau won the lawsuit. The Federal Court of Justice joined the decision and the appeal was rejected. She credit bureau herself argues in this case that this is a trade secret and the procedure in the calculation of the base score can not be disclosed.

The credit bureau collects data about me, but which?

The credit bureau collects data about me, but which?

This question is asked by many consumers who have once been confronted with the credit bureau. Whether you order at one of the numerous mail order companies on account or apply for a loan, your credit bureau information will be requested. But what can the bank or the dealer know about us? The credit bureau collects data on more than 66 million Germans. So the credit bureau is by far one of the largest credit bureaus in Germany.

The credit bureau stores personal data, name, date and place of birth and address. But much more important are the financial features such as the number of accounts, their loans, mobile and leasing contracts. Financial features include pending direct debits, unpaid bills and reminders. According to the legislature may only be stored who, the claim is legally binding and in the case of a statute of limitations, the entry must be deleted. Each consumer has once a year the opportunity to learn more about his credit bureau through a free self-assessment. So it is advisable to use this opportunity to correct errors in the assessment quickly.

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What is the credit bureau actually? /what-is-the-credit-bureau-actually/ /what-is-the-credit-bureau-actually/#respond Wed, 21 Aug 2019 08:19:36 +0000 http://www.kenafsociety.org/2019/08/21/what-is-the-credit-bureau-actually/ Read More

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credit bureau Holding AG is a credit agency. It is not, as many think, a state-owned company, but a private company in the form of an AG.

Shareholders are also their clients at the same time: banks and trading companies hold the majority of the issued shares in credit bureau.

Incidentally, the name credit bureau comes from the former name “protection association for general credit protection”. Its main task is to collect and provide information about both individuals and businesses.

This is primarily about information that is relevant to any lending. Not only consumer credit and the classic bank loan, but also contracts (mobile phone, rent) or installment loans count as “credit” here.

Facts and figures about credit bureau:

  • Every year, 128.9 million requests for credit are submitted to the credit bureau.
  • The credit bureau has stored data from 67.2 million people and 5.3 million companies
  • Every year, 2 million consumers ask for their own score.
  • 90.7 percent of consumers have only positive information.

More about credit bureau:

Questions and answers about credit bureau What is a negative entry in the credit bureau What is a credit report What is credit bureau scoring? What is the credit bureau clause?

Who does the credit bureau work for?

Who does the credit bureau work for?

The credit bureau is a credit reference agency, ie it collects data from consumers and businesses. From these data, it generates so-called “scores” – scores that reach the consumer. This score tells you how likely someone is to make a payment or to fulfill a contract.

This is important for almost all companies. If you want to buy something on account today, you have to expect most companies to ask for the credit bureau Score. This can be done in just a few minutes.

If the company sees a bad score, it will reject the purchase on account and insist on advance payment. The same is true for telecoms companies: a bad credit bureau score prevents anyone from signing a mobile phone contract.

Even landlords are becoming more and more likely to query the credit bureau score to ensure that rental payments arrive on time. For companies, the query at credit bureau means a certain security.

What data does the credit bureau store?

What data does the credit bureau store?

The credit bureau first saves all contact data of a person. This includes the name, address, date and place of birth, place of residence and previous addresses. This is also a picture of the person’s removal behavior.

Credit or contract behavior:

credit bureau continues to save all existing and partly old contracts in daily business conduct. This includes:

  • Checking accounts, business accounts, seizure protection accounts
  • credit
  • Loan agreements, installment agreements
  • Phone / internet / phone contracts
  • Customer accounts at shops or by mail order

Data on payment behavior

This is the heart of credit bureau, the payment behavior of a customer is listed in detail and from it the credit bureau score is determined – this in turn decides whether a consumer z. B. receives a loan or may conclude a mobile phone contract. The payment history data includes:

  • Due claims that have not yet been paid but have been reminded.
  • Claims that were denied by the courts and then not settled or settled.
  • Use of accounts or credit cards after they have been blocked / limited etc. (misuse)
  • Information from official announcements or public directories of the courts, eg. B. Bankruptcy applications
  • Affidavit
  • Applications for personal bankruptcy / consumer insolvency proceedings
  • Opening, rejection or closure of insolvency proceedings
  • Arrest warrants (eg for submitting an affidavit)

Data for inquiries

Finally, credit bureau also stores data on when and where the consumer may have applied for an installment loan, telecommunications contract or the opening of an account. Why? Who makes requests is willing to make debts. Also the inquiries about the own creditworthiness with the credit bureau are stored. However, the credit bureau assures that this request has no impact on the personal credit bureau score.

Incidentally, the credit bureau procures only a part of the data itself. A large part comes from other companies, which forward their data consumers to the credit bureau. This is always the consent of the customer required.

What is a credit bureau scoring and why is it so important?

What is a credit bureau scoring and why is it so important?

The credit bureau scoring tells you how likely it is that a person will not or can not make payments in the near future. It is assumed here that a person who z. B. never paid an invoice too late, will pay his future bills on time. A person in private bankruptcy, with multiple open claims, will not pay a next bill with a higher probability.

These two examples are striking and probably also agree – in normal life, however, there are usually no extreme cases, but people who used to have financial problems without having to pay, but then pay all the installments on time. The score should now tell banks, companies, mail order companies or telecommunications service providers how financially trustworthy the person is.

Incidentally, the credit bureau does not just have one score, but several more per person, which are staggered by industry.

These scores theoretically predict possible payment behavior derived from past payment history. The whole thing works with a statistical formula, which the credit bureau but not published. But it can be assumed that the credit bureau sums up several pieces of information from the collected data.

A credit bureau scoring is thus composed of past payment behavior, eg how punctual he paid installments, whether the rent was always paid on time, etc. and data on business life in general: How many installment loans are currently running? Is the person in debt? The scoring is thus the result of the collected data of a person, from which the credit bureau now tries to foresee future behavior.

How does credit bureau affect my credit opportunities?

How does credit bureau affect my credit opportunities?

Almost every company today asks the credit bureau Score of customers who have a term contract (rent, mobile phone), loan agreements, installment agreements or similar. want to complete. Landlords often get a credit bureau information. The credit bureau itself does not give “recommendations” – it only provides relevant information.

Every company, whether bank, landlord or mail order company, has its own criteria when it comes to granting loans or installment contracts. The credit bureau score is only one criterion of many. In everyday life, however, it is often the case that, above all, banks only look at the credit bureau score and the rest of the relevant information, eg. A fixed income, neglect.

Other companies are more accommodating and can overlook a not-so-perfect credit bureau score. Who z. For example, if you’ve always paid your cell phone contract on time, but the score is not quite optimal due to some unpaid mail-order invoices in the past, you could still get your new cell phone subscription approved.

Unfortunately, the credit bureau score is increasingly being seen as a “quality feature” for a human being. Landlords ask the score of anyone interested in a rental home, and although someone can boast a solid credit bureau scoring, there may be someone who has a ‘better’ score – this will then receive the apartment.

What data from me will be shared with companies?

What data from me will be shared with companies?

When a company makes a request to credit bureau, only the information relevant to the request will be disclosed. At least that’s what credit bureau says: “Whether an ongoing installment loan is ‘relevant’ to a request from a telecoms company, but it decides alone – the person whose data is shared can not object if it has once agreed to a query.

Incidentally, credit bureau distinguishes between two categories for requesting companies: A contractor and B contractor. The category A contracting parties include banks and savings banks. If you make an inquiry about a person, you will receive all bank-relevant information, ie whether current accounts are available or which credit cards are available.

You also receive information about whether installment loans are in progress, loans have been terminated, or other negative information such as bankruptcy or affidavits. In addition, the Bank learns if invoices or contracts by telecommunications companies, the mail order, etc. were not paid or have been reminded. However, the bank does not know which companies this is the case for.

Requests from other companies stored in a consumer’s credit bureau score will also be reported to the bank. Anyone who applies for a loan from one bank and is denied will find it difficult to be successful at the second bank: The second bank learns through the credit bureau Score that a loan has been requested elsewhere before.

B-contractors are trading companies or telecommunications companies. You will find out less than banks on a request: you are only informed that there are defaults or disruptions. You do not find out in which area and which companies you might be a customer.

However, all contractual partners will find out the personal data such as place of residence, address or date of birth. This is for the purpose of uniquely identifying the person through whom the request was made.

How can I access my data at the credit bureau?

How can I access my data at the credit bureau?

For those who want to know what data the credit bureau stores exactly on one, there is the self-information. Once a year you can apply for it directly at the credit bureau for free. But beware: The credit bureau offers various types of information, including premium access. The free self-assessment is regulated by law and must be offered by it. It hides under the term “data overview according to § 34 Federal Data Protection Act”.

The credit bureau also offers a credit report. It costs only 29.95 euros. As a rule, this is not necessary, as all those who may require a credit report, they can even ask the credit bureau – of course, only with the consent of the consumer.

Although the credit bureau offers a comprehensive online offer, the legally required, and for the consumer free self-disclosure must be cumbersome with a written application form.

What should I do if my stored data is wrong?

What should I do if my stored data is wrong?

A wrong or no longer valid credit bureau entry can have serious consequences for consumers. You do not get a loan, a mobile phone contract or anything like that and only because credit bureau did not delete a record.

That is why it is so important to catch up with self-assessment once a year and check for errors. If you have discovered something that should be corrected by the credit bureau, you can contact the credit reference agency, so you have a chance to delete the erroneous credit bureau entry.

Unfortunately, neither e-mail nor telephone support is offered for such concerns. One must therefore formulate his request in writing. It is best to additionally provide evidence of the wrong entry, eg. As receipts, registration certificates o. Ä. credit bureau then usually contacts the respective business partners and ensures that the data must be adjusted.

In this process, weeks can quickly go into the country. Anyone who needs a loan quickly, and this is denied due to the wrong entry, can be here once impatient. It is therefore advisable to complain about wrong entries immediately and not only when they become an obstacle.

How long does the credit bureau store my data?

How long does the credit bureau store my data?

credit bureau stores various data sets about consumers and companies. As different as the data are the storage periods. As a layman you can lose the overview here. We recommend soliciting free self-assessment once a year and checking each entry. The following deadlines must be observed:

List of individual deadlines:

  • Inquiries for financial products, eg. For example, inquiries about a loan from a bank or an installment loan from the online shop will no longer be forwarded after 10 days, but stored in the personal file for 12 months.
  • Loans, irrespective of installment loans, loans, etc., will be stored for three years after full repayment. Credit card accounts are also saved three years after the account is closed.
  • Also for three years, the credit bureau stores affidavits. The period begins on the day on which the debt was fully settled. Thus, after payment of the debt, one is led for three years with an affidavit in the credit bureau. This also applies to arrest warrants for affidavits. However, here it is important to ensure that the court can issue proof that the debt is fully settled. If you submit this proof to the credit bureau, the entry can also be deleted earlier.
  • If a consumer insolvency procedure was initiated and then rejected, this can also be found in the credit bureau file for another three years.
  • Due receivables, ie unpaid invoices, are deleted after three full calendar years. The deadline for the three years, however, begins to run only at the end of the calendar year. Specifically: A due, open invoice was entered on 15.10.2010 in the credit bureau file. The deadline for deletion after three years starts to run on 31.12.2010, finally the claim will be deleted on 01.01.2014. If the matter is not paid or otherwise regulated, the period is even four years. Here is the credit bureau based on the statutory limitation period.
  • Personal data such as address, place of residence, past places of residence, birth name, etc. always remain in the credit bureau. Data about customer accounts, eg. Current accounts or accounts for mobile phone contracts are deleted immediately after deletion of the account. Attention: But if there is still a claim from such a contract, this is considered quite regular as a claim and is thus subject to the storage period of three years.
  • There is also an exemption for small claims that fall below 2000 euros: If this claim was reported after 01.07.2012 and was paid within 6 weeks, it can be deleted immediately after completion. This claim may not be titled, so paid after the issue of an enforcement order. To delete such a request for the exemption, you should contact the credit bureau in writing and enclose evidence (receipt, bank statement).

Which web pages on the internet enable credit bureau information

Which web pages on the internet enable credit bureau information

There are some pages in the net, which offer a credit bureau information. However, these sites all have one goal: to make money. Here are usually charged fees that you really do not have to pay.

One is on the safe side, if you catch up to the self-information directly at the credit bureau – foreign sites do nothing else, and also require money for it. Note: The self-information at the credit bureau can be requested once a year completely free of charge.

Credit without credit bureau really without credit bureau?

Credit without credit bureau really without credit bureau?

Many consumers are asking themselves this question, especially if we already know that all German banks cooperate with credit bureau. The most well-known credit without credit bureau offerer is the Sigma credit bank from Lichtenstein. This bank has no seat in Germany and is therefore not obliged to ask for information about the applicant at credit bureau. The fancy credit bureau information does not mean that the said bank waives a credit check.

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Which loan is suitable for my wish? /which-loan-is-suitable-for-my-wish/ /which-loan-is-suitable-for-my-wish/#respond Tue, 06 Aug 2019 08:52:24 +0000 http://www.kenafsociety.org/2019/08/06/which-loan-is-suitable-for-my-wish/ Read More

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Whether dream vacation, new fitted kitchen or buying a home – not always enough is the savings on the account to realize his dreams and projects.

In times when interest rates have reached a record low, more and more people are embarking on the idea of ​​funding. So-called universal loans do not exist; Although the principle of the loans is identical, there are – depending on the project – different financing options.

A short overview

A short overview

Whether disposition credit, mortgage lending, installment or securities or construction credit – there are various financing options that should be checked in advance to see if they can meet the needs of the borrower.

Depending on the loan, there are also different requirements to be met. While there is often only a regular income for the normal repayment credit, mortgages may also require certain collateral – such as shares, land, insurance – to get the desired amount.

Then there is the credit without or despite negative entry in the credit bureau, which is not frivolous , where borrowers must be careful not to fall into the trap of a dubious provider.

More on the subject of debt restructuring and dispo:

Credit rescheduling also despite credit bureau Credit instead of disposition and overdraft How can I prevent over-indebtedness?

1 The installment loan

1 The installment loan

The installment loan is the most common type of loan. Finally, you can use a installment loan to finance furnishings, the new car or a dream trip.

The borrower can take out financing with or without purpose; with purpose means that the money may be used only for a certain thing – so the car purchase. If the borrower chooses to finance without purpose, the money is freely available to him.

Installment loans can be equipped with a fixed or variable interest rate. For fixed interest rates, the monthly installments remain unchanged until the end of the term. If the borrower chooses variable interest rates, the interest rate reacts to developments in the European interest rate. If the interest rate rises, the lending rate and the monthly installments increase automatically; but if it falls, the credit becomes cheaper.

2 The disposition credit

2 The disposition credit

A disposition credit – or a credit line – is defined as financing whose characteristic lies in the fact that the ordinary current account may be “overdrawn”.

Thus, the holder of the checking account can use money, which is de facto not available. As a rule, the current account can be overdrawn up to three times the salary. Such financing is intended primarily for short-term investments, since, on the one hand, no application must be made to the bank, on the other hand, the discretionary credit is among the most expensive financing that is offered.

The interest rate is – in direct comparison to installment loans – extremely high. The borrower is free when he recovers his account; however, the longer your checking account is in negative territory, the more expensive the credit line becomes.

Even if the loan is uncomplicated, you should use that option only in the context of short-term investments; If you want to finance larger projects, you should opt for a installment loan. Disposition loans are suitable, for example, when unexpectedly high bills (for example for car repairs) have to be paid, but the credit balance in the checking account is insufficient.

3 The call credit

3 The call credit

Withdrawal loans represent the possibility of arranging a sum – up to a maximum of EUR 50,000 – with the bank, which is available if required. The agreed amount is transferred to the current account of the borrower.

However, if only 15,000 euros (or part of the agreed sum) are required at the beginning, interest will only be charged for that sum. With the call-off loan, agreed sums can be paid out – step by step; From time to time, the borrower may also inform the bank that, if he can afford a portion of the amount, he will not need the full amount.

Such financing is suitable if it is unclear at the beginning of the project which costs can actually arise.

4 The construction financing

4 The construction financing

As construction loans or mortgage lending are larger amounts, these lending operations are usually of a longer duration, so that terms of 30 years are not uncommon.

Mortgage lending is repaid with monthly repayments; Here, too, the borrower – as with a installment loan – has to decide whether to opt for a fixed or variable interest rate. For mortgage lending special payments (special repayments) are possible, so that the term can be shortened.

Sometimes the loan can also be redeemed prematurely; However, in this case, the bank must be contacted in advance if a prepayment penalty is due or not.

Mortgage lending, as it involves large sums and long maturities, is only authorized if the borrower can provide proof of collateral and a regular income. Collateral may be funds, securities or life insurance.

5 The securities loan

5 The securities loan

If the potential borrower owns shares, bonds or funds, he can use the loan to borrow his investments – with a certain percentage. Thus, the securities can be transferred as collateral to get a loan from the bank. The loan amount is based on the value of the securities account (current market value).

The mortgage lending value is usually set lower, so that any fluctuations can be taken into account. If prices fall, banks can advise the investor to sell the securities or increase the value of the deposit.

If the borrower uses securities, these can be borrowed up to a maximum of 90 percent of the value; in equities the value is between 40 and 60 percent. That variant may be risky, as the borrower may end up losing more money than expected; The amount of the loan is determined depending on the value of the investment.

6 The personal loan

6 The personal loan

Sometimes, however, a personal loan – the so-called P2P loan – can serve to realize the projects. These are loans that are not made available by the bank, but by individuals who expect high profits by providing the sum. There are various platforms that provide borrowers and lenders.

Above all, those financing for the self-employed and freelancers are interesting, since such professional groups always have problems getting a standard installment loan. It should be noted that the effective interest rates – compared to installment loans – are higher; This may also be due to the brokerage and account maintenance fees charged by the credit-intermediary platforms.

7 Credit despite credit bureau

7 Credit despite credit bureau

If the potential borrower has a negative entry into the credit bureau, it can sometimes be difficult to get funding. It is important that – despite a negative credit bureau entry – you still pay attention to the providers and do not accept the first offer. Finally, there are numerous financial institutions that want to make profit out of necessity and attract with various ads people who have already been rejected by many banks.

This is sometimes a reason why the misconception exists, loans without credit bureau query are dubious. This is not true; As a rule, these are ordinary installment loans. The only danger is trapping a dubious provider. However, there are several criteria that, when met, clearly demonstrate that it is a reputable lender.

A reputable provider will never charge fees for inquiries and non-binding credit offers; He will also have a serious website – including imprint – and on ads such as “money immediately – withdraw money within 24 hours”. If the borrower is unsure whether the found lender is a reputable company, he can also look for reviews on the Internet and check whether there are sometimes negative entries or not.

In the end, the credit comparison is worthwhile

Regardless of whether it is at the end of an ordinary installment loan, mortgage lending or a loan without credit bureau query should be – only who faces the different offers, will ultimately find the cheapest loan. There are numerous portals on the Internet that provide a free credit comparison.

Borrowers but not only pay attention to the interest rate, but also on the overall burden. That sum indicates how expensive the financing at the end – including all processing and account maintenance fees – actually becomes.

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