/ My WordPress Blog Sun, 29 Mar 2020 16:51:06 +0000 en-US hourly 1 Why and when should a credit renegotiation be initiated? /why-and-when-should-a-credit-renegotiation-be-initiated/ /why-and-when-should-a-credit-renegotiation-be-initiated/#respond Sun, 29 Mar 2020 16:51:06 +0000

Credit renegotiation is a financial process intended to create both greater flexibility and/or great savings for the borrower. However, in order to be able to envisage such an operation, certain conditions must be observed and the steps prior to any request must be strictly observed.


Why want to renegotiate your mortgage?

Why want to renegotiate your mortgage?


Today, the context is favorable for the revision of your mortgage, even when it is only 2 or 3 years old! Indeed, interest rates are still extremely low!

In December 2018, a good file can obtain rates of 1.40% over 15 years, 1.60% over 20 years and 1.80% over 25 years. Note that an excellent record can further lower these percentages, to obtain 1.05%, 1.17% and 1.25% respectively!


When to initiate this process?

credit loan

But beyond the reasons which can motivate a renegotiation of credit, it is imperative to satisfy three conditions , under penalty of being rejected the request:

  • The outstanding capital must be greater than $ 70,000
  • The application must be done ideally in the 1st third of the remaining term of the loan or at the beginning of the 2nd
  • The difference between the mortgage rate and the rates traditionally applied at the time of the request must be at least 0.7 point, ideally between 1 and 2 points.


The 3 steps prior to a credit renegotiation

The 3 steps prior to a credit renegotiation

If the above conditions are – a priori – observed, the borrower can continue his process by scrupulously following these steps:

  1. Know the remaining cost of the mortgage

To do this, simply bring your mortgage loan and refer to the final amortization table in the appendix. Even if the presentations can be different from one organization to another, the borrower can quickly know the amount of principal remaining due, as well as the weight of interest and insurance on its monthly payment, on the date it wish.

  1. Get a loan simulation from the bank

Once this amount has been determined, the borrower can request a loan simulation from his bank for a mortgage to the extent of this outstanding capital . Please note that the document obtained must not only offer more favorable conditions than the present contract of the debtor, but also offer a difference of 0.70 or 1 point in order to continue the process.

  1. Work on your argument

Before requesting an appointment, a credit renegotiation is carefully prepared. Already, it is necessary to determine what the objectives are : to improve your purchasing power or to reimburse faster.

Once this essential point has been clarified, it is a matter of taking care of your file : guarantee of dealing with a good payer, income is domiciled in the bank, the borrower has solid financial investments and savings…

Finally, the borrower must have offers from competitors to indicate to his banker that he knows what he can get in another establishment.

Faced with a financial professional, it is advisable to be solidly prepared… Why not call upon a negotiation expert, who knows this sector of activity perfectly? Discover, through this white paper, how a broker can carry out a better renegotiation of credits than you!

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Loans for those in debt with a bailiff – what do customers recommend? /loans-for-those-in-debt-with-a-bailiff-what-do-customers-recommend/ /loans-for-those-in-debt-with-a-bailiff-what-do-customers-recommend/#respond Fri, 06 Mar 2020 05:39:18 +0000


Loans have always been very popular. No wonder, they finally give us access to cash, which we can spend in most cases for any purpose. Which loans are worth considering? What offers from customers recommend for those in debt with the bailiff? Below are some of them. They were recognized by customers as the best loans for those in debt with a bailiff .

Evidence loan for those in debt online

Evidence loan for those in debt online

Our ranking opens a loan for proof of debt online. It is an online product that you can apply from anywhere in the country or the world. All we have to do is have a permanent Internet connection and we will be able to complete the loan application and send it to the lender for consideration.

We don’t even need many documents for this. All we have to do is have a valid ID, as it is a proof loan. However, this is not all. The lender has kept all formalities to a minimum and does not put too much requirements on his clients, so even those in debt have a chance to get financial support.

Loan without certificates from a bailiff

Loan without certificates from a bailiff

Another popular type of loan for debtors with bailiffs is a loan without certificates. You can apply for this type of liability at stationary loan outlets. All you have to do is report to one of the branches of the institution and complete the appropriate application. We can do it with a march, without any preparation.

After all, it is a loan without certificates, so we don’t have to collect documentation because the lender does not require submission. All we need is a valid ID. The lender does not pay attention to creditworthiness or credit history.

We do not even have to worry about whether we will be verified in the debtors’ databases. The lender also does not pay attention to them, in the end offers an obligation to people with debt bailiffs.

Additionally, if you have poor to fair credit, you might need to look for a lender that specializes in offering personal loans to those with credit problems. Pay attention to origination fees and other costs, and compare your loan options. Depending on what you qualify for, you might have no choice but to pay an origination fee.

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Annuity: What is an annuity loan? All About Annuity Loans /annuity-what-is-an-annuity-loan-all-about-annuity-loans/ /annuity-what-is-an-annuity-loan-all-about-annuity-loans/#respond Mon, 10 Feb 2020 05:31:14 +0000

As a borrower in Austria, you basically have two options when it comes to financing with installments (repayment loans):

Repayment at a flat rate: On the one hand through the so-called annuity at a flat rate, where you repay the loan amount in constant monthly installments. The interest portion of your loan installment is higher at the beginning and you only pay off a small part of the loan debt. Over time, this ratio changes increasingly, in the end the repayment rate exceeds the interest portion of your monthly loan rate very significantly.

The monthly repayment amount therefore remains constant and only changes in the case of variable interest rates if the bank should change the reference interest rate on which the financing is based.

Such annuity loans are the most common form of real estate financing in Austria, but are also often used for other forms of credit.

Redemption by capital rate: The alternative to the flat rate for loan financing is the so-called capital rate. You repay your loan with a fixed monthly amount and also pay the interest to the bank. A lump sum is more expensive than the lump sum at the beginning of the term, but it decreases over the years due to falling residual debt and interest payments.


Annuity Loans vs. final mortgage loan – the differences

Annuity Loans vs.  final mortgage loan - the differences

A further, less well-known type of loan can come into play when it comes to construction financing, which usually involves large sums and runs for many years and decades: the so-called mortgage loan.

Such a loan is ultimately called because you do not have to repay it continuously, but as a borrower you can ultimately pay off your debts in a single installment. This can be a sensible alternative for you in special circumstances, but it also harbors a number of dangers.

Because while loans are usually repaid by annuity at a constant monthly rate with an increasing repayment component and ever smaller interest payments over the term, you as a borrower only pay interest to the bank for a final loan over the entire period. Since the remaining debt is not reduced here, your interest payments always remain high.


The advantage here – more financial flexibility

home loan

Without paying off, more money is left in the cash register than with the annuity loan. Borrowers generally like to invest this in other investment products such as life insurance, home loan contracts or savings plans – in order to ultimately repay the entire loan amount with the capital saved.

The main disadvantage – the high risk: Because the remaining debt remains and whether the saved capital is sufficient to repay it is questionable. Especially in times of low interest rates, life insurance policies or other savings products only yield meager profits. If a financial hole remains at the end, this must – in addition to the interest already paid – be compensated with expensive follow-up financing.


More expensive than an annuity loan 

money loans

In addition to the consistently high interest payments due to the lack of repayments, banks generally charge significantly higher loan interest rates for mortgage loans than for a comparable loan with annuity. In addition, the administrative expenses are quite high, since in addition to the loan, these are often also incurred for completed savings products.

Tip: A final loan is only interesting if you can count on a sufficient and reliable amount of money in the future – for example through savings products with good interest rates and insurance policies from previous years, or with a legacy. Annuity loans with low interest rates and high initial repayments are the much cheaper alternative in the long run.

You can find help with the search and calculation of your mortgage lending as well as information and contact to the provider in our mortgage lending comparison.


Overview of advantages and disadvantages

mortgage loans

Annuity loan Final loan
Higher monthly rate and total charge Financial burden during the term is low
Increasing share of repayment during the term No repayment during the entire term
Very low market interest rates at the moment Higher interest rates compared to the annuity loan
Lower fixed residual debt, predictable follow-up financing Constant residual debt, amount of return on capital saved cannot be predicted
In addition, there is usually little financial leeway Greater financial flexibility
No or low costs and fees Mostly high administration costs

Annuity refers to a regular, constant payment, which is made up of interest and payment.
In the case of an annuity loan, the ratio of the interest portion to the redemption portion changes during the term. With increasing repayment and decreasing interest payments, the regular monthly rate always remains the same (constant annuity).

In the case of a repayment loan, on the other hand, the repayment amount always remains the same, but the interest burden decreases during the term due to the decreasing residual debt (variable annuity).

Repayment loan: With the repayment loan, the financing amount is repaid in monthly installments. Even before the deal is closed, the loan amount plus interest is divided into monthly installments over the term. The fixed monthly loan rate changes only with a variable interest rate, in accordance with the development of the reference interest rate of the loan.

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Online loans for indebted people – how to get the money quickly? /online-loans-for-indebted-people-how-to-get-the-money-quickly/ /online-loans-for-indebted-people-how-to-get-the-money-quickly/#respond Sat, 25 Jan 2020 06:18:58 +0000

You are in financial trouble and you do not know where to get the cash you need quickly? Or maybe you have heard of loans online for those in debt, but you do not know if you have a chance to make such a commitment? We invite you to read it briefly!

Fast loan online for those in debt – who is this solution for?

Fast loan online for those in debt - who is this solution for?

As she suggests loans for debtors online , these are financial products dedicated to people with debt. Who can use them then? Everyone who has financial problems is in arrears with repayment of liabilities, bills or loans. However, this is not all, such a loan via the Internet is also an offer for people who need quick cash. Sometimes a moment is enough to lose liquidity. Then it may turn out that such a loan via the Internet is a really good solution.

Fast loan online for the indebted – how to get it?

Fast loan online for the indebted - how to get it?

Applying for quick loans online is very easy. You don’t even have to leave the house. Loan companies are happy to provide support even to debt collectors or BIK. That is why, if we find ourselves in an under-financial situation, it is worth thinking about a quick loan over the Internet. In order to apply for it, all you need to do is find the right offer for you, and then complete the application exactly, attach the required documents and return to the lender via the website of the loan company. Usually, applications are processed very quickly, so even on the same day we can find out the lender’s answer, and in the best case even receive cash.

A quick loan over the internet for those in debt is a very helpful financial product. It can be used by anyone who falls into financial problems. The formalities are kept to a minimum, so you can get the support you need even from the same. Compared to loans granted by banks, it is a more interesting solution, because the process of applying for it may take several days.

Getting a loan online is similar to getting a loan anywhere else – although it will probably feel easier. You’ll need to provide personal information such as your Social Security Number and address. Depending on the lender, you’ll also need to provide financial information (such as information about your job and income, your expenses, and more).

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Uncomplicated loans for the self-employed /uncomplicated-loans-for-the-self-employed/ /uncomplicated-loans-for-the-self-employed/#respond Sat, 11 Jan 2020 05:31:18 +0000

A loan for uncomplicated loans for the self-employed – even with poor creditworthiness or unfavorable Credit Bureau It has certainly happened to everyone once – a financial bottleneck has occurred and some things have to be paid immediately. Nevertheless, this type of loan is suitable for the self-employed, especially if a particular investment project is to be financed with a relatively low credit requirement. If you take these tips and tricks to heart and present yourself as a reputable contractual partner, nothing should stand in the way of your desire for straightforward loans. Problem-free loans for the self-employed Problem-free lending also to the self-employed and freelancers significantly higher than with house banks; favorable and flexible repayment terms; free use and no justification for the use of the cash advance; reliable and fast loan processing. Useful tips in case you have problems with uncomplicated self-employed loans.

Acceptance of a loan for unproblematic loans for the self-employed 

Acceptance of a loan for unproblematic loans for the self-employed 

Do you have a problem area with uncomplicated loans for the self-employed? In fact, there are a number of things that are necessary or desirable, such as a vehicle, a cell phone, a vacation trip, or repairs that are required, but they all take a long time. So are you planning to apply for a loan? In addition, you may have a bad Credit Bureau entry or your creditworthiness is not of the highest quality?

On this page you will find helpful tips and advice on how to get cheap loans and not fall into expensive creditworthiness traps to get easy loans for the self-employed. This has certainly happened to everyone before – an economic bottleneck has occurred and some things have to be financed immediately. However, not everyone can ask relatives or friends for financial aid for “uncomplicated loans for the self-employed”.

A lack of creditworthiness or a Credit Bureau registration makes borrowing more difficult if, on the one hand, the creditworthiness is correct and, on the other hand, no registration with Scufa is permitted. A borrower has a good chance of getting a loan even without credit reports or with an unfavorable credit rating. Many reputable financial intermediaries are geared towards arranging foreign bank loans for customers with poor credit ratings or bad credit ratings.

The intermediary supports you above all in the procurement of a tailor-made loan from a domestic or foreign financial institution. Detailed advice on the financing offer from an experienced credit broker who shows you the advantages and disadvantages. Thanks to the intensive relationships that many intermediaries maintain with less renowned institutions, there are excellent opportunities to obtain more favorable conditions for uncomplicated loans for the self-employed.

Due to their many years of experience, they can explain negative Credit Bureau entries, for example, so that they are not as important in the creditworthiness check as in the computer-controlled processes of the big banks. In contrast, a loan application for uncomplicated loans for the self-employed is almost always unsuccessful from the start at existing banks.

The majority of credit institutions offer their services on the Internet

The majority of credit institutions offer their services on the Internet

Among them, Bon-Kredit and Minda in particular have earned a good reputation. Both Maxima and Bon-Kredit do not charge any costs or commissions for their services. There are no competent credit institutions like these two when it comes to questions like straightforward loans for the self-employed. A serious broker has a real need to help you get a loan for a straightforward loan for the self-employed.

Since the intermediary receives its commission from the house bank, you do not incur any fees or other payments. You can recognize a reputable credit institution by the following characteristic: You can recognize a dubious credit institution by the following points: More and more people are receiving loans from foreign credit institutions because they plan to go on a long vacation, want to work or simply take a new mobile vehicle with them.

In addition to the usual route to the house bank, consumers now also have the network for taking out a loan from a foreign bank. working house bank that exactly meets your needs. The choice of a credit institution in Germany and abroad has the advantage that the guidelines for lending there are much more straightforward than in Germany.

For self-employed people, negative creditworthiness or a negative entry in Scufa is not so important. This could be particularly exciting for debtors who have been rejected by German credit institutions, but who are quickly triggering a financial injection. These include, for example, students, the self-employed, pensioners, interns, the unemployed or employees in professional practice.

It is precisely this group of people who find it particularly difficult to get a loan when it comes to straightforward loans for the self-employed. Debt or poor creditworthiness significantly reduce the financing opportunities. It is a bond granted by a Swiss financial institution. Because such institutions do not conduct Credit Bureau research, this obstacle to the search for credit is removed.

With regard to the question of uncomplicated loans for the self-employed, this finding can almost be described as optimal. Of course, you cannot even get loans from Swiss banks without a credit check and various income and securities certificates. If you are only concerned about entry into the control center, the Swiss credit could be a sensible alternative for you, provided your creditworthiness is in order.

What do you have to look out for in the case of straightforward loans for the self-employed?

What do you have to look out for in the case of straightforward loans for the self-employed?

As a borrower, it is particularly valuable to you that the monthly installments are not too high for your lending business. Many debtors want as much flexibility in their loans as possible. This includes special repayments without additional costs as well as tariff discounts for one or more years.

If the financing offers all of these options, then it is 100% recommended for straightforward loans for the self-employed. However, make sure that your finances work smoothly as an unemployed person, employee, intern, self-employed person, pensioner or student: In general, the principle can be applied: When granting uncomplicated loans to self-employed people, the necessary funds must be estimated as accurately as possible.

As far as possible, the amount required should not exceed the set limits. In particular, this does not concern the granting of straightforward loans for the self-employed. For example, a list of your own expenses for a whole calendar week can be very useful: How much is spent on what each day? In addition, such a cost allocation also helps to estimate the optimal creditworthiness.

It is important to be careful, accurate, and to be completely honest with all information about your creditworthiness and your own financial situation – especially with straightforward loans for the self-employed, with all information about your financial situation and creditworthiness. A serious, accurate mapping of your own funds is definitely possible, which is very cheap in terms of your chance of an express loan or an immediate loan.

Anyone who gives the house bank the impression of a reliable business partner by observing the advice and advice should take advantage of the lending business and thus the uncomplicated loans for the self-employed.

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Apply for cheap small loans in Switzerland online /apply-for-cheap-small-loans-in-switzerland-online/ /apply-for-cheap-small-loans-in-switzerland-online/#respond Thu, 09 Jan 2020 05:46:42 +0000 Today there are loans in a very wide variety and with highly complicated mathematical backgrounds. The most common among them is commonly referred to as a small loan (or a consumer loan). As the name suggests, small purchases are to be used to finance small purchases for which you would want to spend money in the next few months.
This can be, for example, a piece of furniture or a household appliance that has broken and needs to be replaced. However, travel and training are also possible at short notice thanks to a cheap loan. There is no purpose for this type of loan.


Attractive for cash loans

Attractive for cash loans

For all banks without exception, this amounts to between 6 and 60 months and after at least 3 months the loan can be terminated – if the excess amount can be paid in one go. The interest rate of the loan taken depends on the creditworthiness of the applicant, who is enabled to take out a small loan by a positive creditworthiness test. In Switzerland, this check has been required by law to grant a loan in the Consumer Credit Act (the KKG) since 2003. It is designed to prevent the borrower from becoming over-indebted.

It is very convenient that you can apply for small loans online in Switzerland, whereby it is advisable to make a small loan comparison . Serious credit comparison portals such as Lenders Credit obtain free quotes from prospective Swiss credit banks, with the advantage that you only have to fill out a loan application once.
In this way, you are guaranteed to receive the offer with the best conditions and can take out a cheap personal loan.


Apply for a small loan online

Apply for a small loan online

If a cheap small loan interests a consumer, there are nuances that should be included in the calculation. For example, when a small loan agreement is concluded, the Internet offers interest rate reductions that are ultimately worth dollars. If the loan application is made in a branch of a credit bank, the borrower can expect interest rates ranging from 7.9% to 15.9%. If, on the other hand, he signs a contract for an installment loan online, he can expect loan interest rates of 5.9% or more.
But even if it sounds tempting, you have to know exactly which loan provider you are dealing with, because each provider has its own terms and it is important to find out. A personal loan comparison makes things a lot easier and faster.

In addition, there is also the quick processing of the loan request. Customers can expect a response within a few days and will then receive professional advice on which bank has the best offer. Long and uncertain times are a thing of the past. Furthermore, there are no processing fees, since the verification process is now largely online. This is primarily reflected in the interest, which enables a very cheap small loan. Repayment of the loan is child’s play. And best of all: the interest to be serviced is deductible from tax.


Who can apply for a small loan and what do you have to consider?

Who can apply for a small loan and what do you have to consider?

According to the Consumer Credit Act (KKG) of 2003, every Swiss person who is between 18 and 65 years of age and has a monthly income – which is preferably above the subsistence level (USD 2,800) – can apply for a loan in Switzerland put . This applies to students, pensioners and the self-employed. There is more information about the requirements here and common questions are answered here.

Anyone who is temporarily employed must have been registered with the same temporary office for 9 months, have a confirmation of employment at the respective temporary office and show the pay slips for the last 3 months so that they can take out a small loan . Foreigners can also take out a small loan immediately. To do this, you must be resident in Switzerland and have a residence permit (B or C) yourself.
It should be noted at this point that every application for a small loan must be reported to the Central Office for Credit Information (ZEK).



So there are many reasons to apply for a cheap small loan after a previous loan comparison: Not that you can do so many urgently needed purchases, it is also unbeatably cheap, safe and uncomplicated to initiate. The long times of waiting and waiting for his franc or euro bills could soon be over.

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Loan without a job – banks will not accept the risk of lending to these people /loan-without-a-job-banks-will-not-accept-the-risk-of-lending-to-these-people/ /loan-without-a-job-banks-will-not-accept-the-risk-of-lending-to-these-people/#respond Tue, 24 Dec 2019 06:07:02 +0000

If you don’t have a job, you have to live from the state. Payments are very low and are often not enough to pay all important bills. This often leads to overindebtedness or financial bottlenecks. In such cases, unemployed people go to their bank and want to apply for a loan without a job. This loan could help pay the most important bills and afford consumer goods. But banks will not accept the risk of lending to these people. Why is that?

No chance of a loan

No chance of a loan

Banks cannot apply for a loan if there is no income. Unemployed people often think that unemployment benefit is an income, but are wrong here. This money is part of social benefits provided by the state and therefore cannot be seen as income.

If the unemployed have little money to support themselves, there will be no money to pay off a loan. Therefore, banks do not grant credit without a job because they fear that the loan cannot be paid off. In addition, the unemployment benefit is not attachable. A attachable income is one of the basic requirements for a bank to grant a loan.

Bank refuses loan application – what to do?

Bank refuses loan application - what to do?

With banks not lending without a job, it will be difficult to find an alternative. Money is needed, but often cannot be obtained. Many are so desperate that they are looking for a direct bank on the Internet. There are providers who advertise that it is very easy to get a loan without a job. Unfortunately, it must be stated at this point that it can never be a really serious provider.

Often, people only speculate on the needs of those affected and award expensive insurance policies. A personal loan or a pawnshop offers opportunities to get cash for a short time. The personal loan can be given by family or friends. Some apartment items could be brought into the pawnshop. However, it must be borne in mind here that it can be very expensive if the things are not redeemed quickly because of high interest rates.



Banks will have no way of getting a loan if there is unemployment. Dubious providers on the Internet should be avoided. The family should be asked for help here so that a small amount can be borrowed.

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